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Libya Oil Production Comes to Halt as Economy Affected
The civil war enforced by the warlord Khalifa Haftar in Libya has brought oil production and exports to a grinding halt, creating financial strain on the UN-rec…
Oil Pipeline
Bulgaria Expects to Finish Russian Gas Pipeline on Time
Bulgaria says it aims to build on time its stretch of a pipeline that will bring Russian gas to Europe, despite unforeseen delays due to the COVID pandemic.
LNG
Shell Weighs Sale of $2 Billion-Plus Stake in Queensland LNG Facilities
Royal Dutch Shell is considering raising more than $2 billion from the sale of a stake in the common facilities at its Queensland Curtis LNG plant in Australia,…
LNG
Gazprom Threatened with 50 mln Euro Fine by Polish Regulator for Lack of Cooperation
"President of the Office of Competition and Consumer Protection initiated proceedings against Gazprom for lack of cooperation during an anti-trust investigation…
Oil Price
Bulgaria to Set up a State-Owned Oil Company
Bulgaria plans to set up a state oil company to manage oil and fuel warehouses and set up filling stations across the country to increase competition.
Oil Price
Oil Moves Lower as U.S.-China Tensions Weigh
Oil futures steadied on Monday as rising U.S.-China tensions weighed on sentiment, but prices drew support from reports that OPEC and Russia were close to a dea…
Oil Field
Nigeria's Revenue Burden to Ease off as DPR Announces Bids for Marginal Oilfields
Federal High court in Lagos against the FG on the revocation of 2 oil field licenses, DPR has gone ahead to announce its first licensing round.
LNG
Consortium Commits $15bn Toward LNG Project in Mozambique
A mozambican LNG project is expected to sign an agreement in June 2020 with financing commitments of $15 billion.
Oil & Gas Trade
US Sanctions Four Shipping Firms for Transporting Venezuelan oil
The US Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington's effort t…
Oil & Gas Trade
Mexican Firm in Oil Swap with Venezuela Declares Bankruptcy
A Mexican firm that was instrumental in an oil-for-water swap scheme with the Venezuelan government has declared bankruptcy.
Oil & Gas Trade
U.S. LNG Exporters Face New Test as China Tensions Resurface
U.S.-China tensions have bubbled up again, and commodity markets could be caught up in the turmoil, not least LNG.
Oil & Gas Trade
Iran Ready to Send More Fuel to Crisis-Stricken Venezuela
Iranian Foreign Ministry spokesman Abbas Musavi says Tehran will continue to export fuel to Venezuela if the South American country requests more supplies.
Oil & Gas Trade
Putin, Trump Discuss G7 Summit, Oil Markets Over Phone
Russian President Vladimir Putin spoke by phone with U.S. President Donald Trump at the initiative of the United States.
Energy Technology
World's First Power-to-X-to-Power Hydrogen Gas Turbine Demonstrator
A consortium comprising Engie Solutions, Siemens gas & power, Centrax, Arttic, the German aerospace centre and four European universities.
Oil Price
Australia:Tasmania to Introduce Mandatory Fuel Pricing
The Tasmania state government has announced it would impose a mandatory real-time fuel price reporting mechanism on retailers in order to put downward pressure …
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