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OPEC
OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period
Natural Gas
26-02-2022
Germany Halts Gas Pipeline, Predicts Russia Will Lose Other Energy Customers over Ukraine
Germany’s vice chancellor said Thursday that Russia’s attack on Ukraine is “completely illogical” and will backfire, causing western nations to stop buying Russian coal, oil and gas.
United Kingdom
26-02-2022
Shell Faces U.K. Showdown Over Impact of ‘Cataclysmic’ Oil Spill
A group of Nigerians want a trial against Royal Dutch Shell Plc in the U.K. for what they allege was a “cataclysmic” oil spill that wreaked havoc on their communities years later.
Oil Exploration
25-02-2022
Namibia: TotalEnergies Makes Significant Discovery In Offshore Block 2913B
TotalEnergies said Thursday it has made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia.
Oil Exploration
25-02-2022
Second Oil Discovery “on Trend” to Pancontinental Energy’s (ASX:PCL) PEL 87 License Area
TotalEnergies makes an oil discovery “on trend” from Pancontinental Energy’s (PCL) 75 per cent owned PEL 87 area in offshore Namibia
Oil & Gas Trade
25-02-2022
Sri Lanka Needs US$1,285mn for Three Months of Oil, US$500mn from India: Minister
Sri Lanka needs 1,285 million US dollar for oil imports in the next three months, of which 500 million will come from an Indian credit line, Energy Minister Udaya Gammanpila said, as the country grappled with forex shortages and global prices went up.
Crude Oil
25-02-2022
After Shell, TotalEnergies Also Strikes Oil in Namibia Well with ‘Very Promising Results’
Following Shell’s recent oil discovery in Namibia, French oil major TotalEnergies has also made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia.
LNG
25-02-2022
Germany to Create Strategic Coal and Gas Reserves
As Russia launched its attack on Ukraine, Europeans relived scenes from another time. Germany will now enact laws to ensure strategic energy reserves to cut down on German energy dependence on Russia.
Nord Stream 2
25-02-2022
Russia-Ukraine Crisis: Germany Suspends Nord Stream 2
German Chancellor Olaf Scholz has suspended the certification of Nord Stream 2, the gas pipeline for importing gas from Russia, already built and waiting for approval for the taps to be turned on.
Nord Stream 2
25-02-2022
US Sanctions Company Behind €9.5bn Nord Stream 2 Pipeline
The sanction, which is in response to Russia’s actions in Ukraine, targets Nord Stream 2 AG and its CEO.
Crude Oil
25-02-2022
Russian Crude Trades at Record Low Versus Brent on Sanctions Fears
Russian Urals crude oil differentials in Northwest Europe have slumped to record lows this week as threats of further sanctions and potential credit issues kept buyers out of the market.
Oil & Gas Supply
25-02-2022
Japan Willing to Release Oil Reserves
Japanese government officials have indicated a willingness to join other countries in releasing oil reserves.
Natural Gas
25-02-2022
Adnoc LNG Says Natural Gas Must Remain a Key Player in Global Energy Transition
Liquefied natural gas must remain a key player in the global energy transition to ensure energy supply continues to meet demand in a secure, sustainable and reliable way, said Fatema Al Nuaimi, chief executive of Adnoc LNG.
Oil Price
25-02-2022
Oil at $103: No Fears of Supply Disruption to India, Prices a Concern
International oil prices surged to over a seven-year high of USD 103 a barrel on Thursday after Russia attacked Ukraine, but supply lines to India remain unaffected, a top government official said exuding confidence of uninterrupted fuel supplies even if
Oil Price
25-02-2022
Russia-Ukraine Crisis Highlights Need for 'Energy Independence' in PH
The conflict between Ukraine and Russia, which has a direct impact on global oil prices, highlighted the importance of developing more energy sources in the country, a stakeholder said Thursday.
Oil Price
25-02-2022
Prolonged Ukraine Crisis, High Crude Prices may Push India's Import Bill up by 15 Per Cent: Experts
The surge in Brent oil to USD 105 a barrel for the first time since 2014 driven by the escalation of the Ukraine crisis has triggered fears of a disruption to the region's critical energy exports with consequences for India.
Oil Price
25-02-2022
Oil Hovering Around $100 may Give a Crude Shock to Inflation, CAD, GDP
Brent crude oil crossed $100 a barrel on Thursday for the first time since 2014 prompted by the Russia-Ukraine conflict.
Natural Gas
25-02-2022
Why Europe Is So Dependent on Russia for Natural Gas
Europeans have been suffering under painfully high energy prices in the lead-up to Russia launching an attack on Ukraine on Thursday morning.
Oil Price
25-02-2022
Oil Tops $105/bbl After Russia Attacks Ukraine
Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014 before easing, after Russia's attack on Ukraine exacerbated concerns about disruptions to global energy supply.
Nord Stream 2
25-02-2022
Biden Unveils Sanctions on Russian Businesses After 'Premeditated' Ukraine Attack
President Joe Biden hit Russia with a wave of sanctions on Thursday after Moscow invaded Ukraine, measures that impede Russia's ability to do business in major currencies along with sanctions against banks and state-owned enterprises.
China
24-02-2022
China's Major Shale Gas Field Adds 19 New Wells
The Fuling shale gas field in southwest China's Chongqing Municipality has put 19 new wells into operation this year, increasing the daily gas output by 1.06 million cubic meters, said its developer Sinopec, China's largest oil refiner.
Oil Price
24-02-2022
Japan, Australia Monitoring Oil Market for Impact from Ukraine Conflict
Japan and Australia said on Thursday they were closely watching oil prices for any impact from hostilities in Ukraine, with Australia saying it was prepared to tap its oil stockpile held in the United States if global supplies are hit.
United Kingdom
24-02-2022
UK Advisers Urge Tougher Climate Tests on New Oil and Gas Projects
Ending new UK oil and gas production is credible and would send a clear signal to the world that the country is serious about meeting global temperature goals, according to the UK government’s climate advisers.
Natural Gas
24-02-2022
The US and Germany Have Now Both Targeted Nord Stream 2 to Punish Russia. Here's Why the Pipeline Is So Important
In the wake of Germany suspending the Nord Stream 2 project, the United States has now imposed sanctions on the company in charge of the natural gas pipeline.
Oil Price
24-02-2022
Stocks Dive, Oil Surges as Russia Invades Ukraine
Global stocks and U.S. bond yields dived on Thursday, while the dollar, gold and oil prices rocketed higher as Russian troops landed in Ukrainian cities on the Black Sea and Ukraine said Moscow had launched a full-scale invasion.
Oil & Gas Supply
24-02-2022
Greece Lines up Additional Gas Supplies as Ukraine Tensions Rise
Greece has lined up additional supplies of pipeline gas and liquefied natural gas (LNG) should existing plans be disrupted by the Ukraine crisis, a government spokesperson said on Wednesday.
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