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Energy Security
Quick Fix Completed at Gas Pipeline Incident Site in Lithuania
Lithuania’s gas pipeline operator Amber Grid has completed remedial work on the gas trunk line that caught fire on Friday afternoon, with images of flames…
Crude Oil
Keppel Offshore & Marine Former Senior Managers Escape Prosecution for Bribery Scandal
Six former senior officials of Singapore’s Keppel Offshore & Marine have escaped prosecution on corruption charges relating to Brazil’s Operation Ca…
Oil&Gas Drilling
New Year Sees Rousing Start to Offshore Drilling Market
NEW YORK CITY – Offshore drilling contractors have had a great start to 2023, as they have kicked off the new year with 26 rig contracts (17 jackups, 9 fl…
Oil Price
Oil Prices Expected to Average Around $90 in 2023-2027
LONDON: Brent oil prices are expected to remain around $90 per barrel throughout the next five years, according to eighth annual survey of energy market profess…
Oil Refinery
Fire Breaks Out at Pdv’s Cardon Refinery
A fire broke out today in the fluid catalytic cracking unit at Venezuela's Cardon refinery, the second major blaze at the site since late December.Operator …
Natural Gas
Natural Gas Is Not a Transition Fuel, It Is a Destination Fuel – Qatar Energy Minister
H.E. Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President of QatarEnergy has said that natural gas is not a transition fuel a…
Net Zero Emission
Energy Industry Lies at the Core of Making Net Zero Possible
The Mahani field in Sharjah. For more than 150 years, the oil and gas industry has continued to innovate. Photo: Sharjah Government Media BureauWe have pledged …
Oil Price
Release of Us Oil Reserves Addresses ‘Underlying Crisis’ and Not Higher Prices, Envoy Says
US energy envoy Amos Hochstein says the country will continue to use its strategic reserves to help resolve crises. Antonie Robertson / The NationalThe US relea…
Oil & Gas Trade
Greek Firms Start Construction of 840 MW Gas Plant in Alexandroupolis, Target Balkans for Power Exports
A consortium consisting of Public Power Corp. (PPC), DEPA Commercial and Damco Energy marked the start of works on a gas-fired power plant in Alexandroupolis in…
Energy Security
Lithuania-Latvia Gas Pipeline Hit by Explosion, Operator Says
A gas pipeline connecting Lithuania and Latvia, like the one seen here, has been hit by an explosion. Reuters.A gas pipeline connecting Lithuania and Latvia was…
Africa Energy
Mele Kyari Says Nigeria Can Hit 2.2 MB/D Crude Oil Production in 2023
Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, has said that the country can achieve a 2.2 million bar…
Oil Exploration
2014-Built Multi-Purpose Support Vessel Getting Battery Hybrid System
DeepOcean has activated the option to request the installation of a battery hybrid system on board the multi-purpose support vessel (MPSV) Stril Server.DeepOcea…
World Energy Outlook
South America to Stay ‘Key Region for High-Impact Exploration’, Westwood Says in 2023 Outlook
High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy mar…
LNG
Europe’s Scramble for Natural Gas Will Not Affect Renewable Energy Transition, Irena Says
Francesco La Camera, director general of Irena, at an event in Berlin. EPAThe transition to renewable energy will remain steady in the long-term even as Europea…
United States
Oil Prices Rise After Surging 3% On China Recovery Optimism
Pump jacks at an oilfield in Texas. Oil futures gained despite a surprise rise in US crude stocks.Oil prices rose on Thursday after surging by about 3 per cent …
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