Oil

OPEC
OPEC+ Output Increase Wins It Credit but a Realignment Awaits Beyond August
Modest nature of tweak indicative of mounting challenges for Saudi Arabia and Russia led group including limited ability to raise production
LNG
Shell Eastern Petroleum Signs MoUs With Japan LNG Buyers
Agreement between Shell Eastern Petroleum, Tokyo Gas and Osaka Gas aims to accelerate decarbonisation across respective production value chains.
Natural Gas
EU, Egypt Near Gas Supply Deal in Shift Away From Russia
The European Union and Egypt are set to sign a deal later this month on supplying the bloc with gas as the bloc seeks to slash its dependence on Russian supplie…
Oil & Gas Supply
Gazprom Cuts off Gas Supplies to Shell Energy
Shell has committed to working to keep gas flowing to its customers.
Crude Oil
Oil Jumps After Saudi Arabia Hikes Crude Prices
Oil prices rose more than $2 in early trade on Monday after Saudi Arabia raised prices sharply for its crude sales in July.
Crude Oil
BW Offshore Sells Producing FPSO
Indonesian consortium takes charge of floater deployed on the Terang Sirasun Batur project
Crude Oil
Oman’s New Oil Discoveries to Increase Output by up to 100,000 Barrels
Production is expected to rise over the next two to three years
Oil & Gas Supply
Germany Faces 5 Billion Euros a Year Hit From Russian Gas Sanctions, Welt Am Sonntag Reports
Russia's sanctions against Gazprom Germania and its subsidiaries could cost German taxpayers and gas users an extra 5 billion euros ($5.4 billion) a year to pay…
Crude Oil
France in Talks With UAE To Replace Russian Oil Supplies
France is in talks with the United Arab Emirates to replace Russian oil purchases.
Oil & Gas Supply
Russia’s Gazprom Cuts off Gas Supply to Denmark’s ØRsted
The Danish company said Gazprom Export has halted the supply of gas after the Russian firm demanded payment in roubles, despite being under no obligation to do …
Oil Shale
ExxonMobil to Sell Shale Assets in Texas to BKV for $750M
The Barnett Shale gas assets are part of ExxonMobil’s gas resources in North America that were removed from the company’s development plans in 2020.
OPEC
OPEC+ Working On Making up for Lower Russian Oil Output
OPEC+ is working on making up for a drop in Russian oil output as Russia's production has fallen by around 1 million barrels per day as a result of Western sanc…
United Kingdom
Windfall Tax to Cost UK-Focused Oil Firms More Than $3 Billion
The new windfall tax on profits of oil and gas companies in the UK is expected to cost the medium-sized North Sea-focused companies a total of $3.3 billion thro…
Oil & Gas Supply
Gazprom Cuts Gas Supply to Orsted and Shell Energy
Russian gas producer Gazprom has cut off gas supplies to Denmark's Orsted and to Shell Energy for its contract to supply gas to Germany, it said on Wednesday, c…
LNG
First Dutch Bio-LNG Installation Produces Millionths Kilogram
The Netherlands’ first bio-LNG plant has now achieved a production milestone of 1 million kg, enabling approximately 4 million km of sustainable transport with…

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Oil

OPEC+ Output Increase Wins It Credit but a Realignment Awaits Beyond August

Shell Eastern Petroleum Signs MoUs With Japan LNG Buyers

EU, Egypt Near Gas Supply Deal in Shift Away From Russia

Gazprom Cuts off Gas Supplies to Shell Energy

Oil Jumps After Saudi Arabia Hikes Crude Prices

BW Offshore Sells Producing FPSO

Oman’s New Oil Discoveries to Increase Output by up to 100,000 Barrels

Germany Faces 5 Billion Euros a Year Hit From Russian Gas Sanctions, Welt Am Sonntag Reports

France in Talks With UAE To Replace Russian Oil Supplies

Russia’s Gazprom Cuts off Gas Supply to Denmark’s ØRsted

ExxonMobil to Sell Shale Assets in Texas to BKV for $750M

OPEC+ Working On Making up for Lower Russian Oil Output

Windfall Tax to Cost UK-Focused Oil Firms More Than $3 Billion

Gazprom Cuts Gas Supply to Orsted and Shell Energy

First Dutch Bio-LNG Installation Produces Millionths Kilogram