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Oil Field
BW Energy Secures ‘Near-Perfect Fit’ FPSO to Unlock Oil From Brazilian Field
E&P company BW Energy has decided to proceed with the Maromba development project, located offshore Brazil, and signed an agreement to buy the laid-up FPSO Polv…
Australia
Australia ‘Has Just 68 Days of Oil Reserves’
The country is nearly 91% dependent on imported oil, a public policy think tank has warned.
LNG
Europe to Emerge as Asia’s Competitor in the LNG Market: Analyst
Europe could emerge as Asia’s direct competitor in the liquefied natural gas (LNG) market as it looks to import from non-Russian LNG supply amidst the war in U…
Natural Gas
Germany's New Gas Storage Law - How Will It Work?
A bill to guarantee minimum gas storage levels in Germany, whose underground facilities account for a quarter of the EU bloc's total capacity, will kick in from…
Crude Oil
Petroecuador Begins Meetings to Renegotiate Contracts with PetroChina
Ecuador's state-owned oil company Petroecuador has started meetings to renegotiate long-term sales oil contracts with PetroChina, a process it hopes to conclude…
CNOOC
China’s Largest Producer of Offshore Oil & Gas Moves to Make Full Use of Domestic and Overseas Financing Channels
Aiming to make full use of domestic and overseas financing channels, Chinese oil and gas giant CNOOC Limited has launched an initial public offering (IPO) on Sh…
Oil & Gas Trade
French Election Could Make or Break EU Russia Oil Ban
The outcome of this weekend's French presidential election could make or break the chances of EU unanimity for a ban on Russian energy imports, with challenger …
Russian Federation
Exxon Could Withdraw Completely From Russia Within Two Months
U.S. supermajor ExxonMobil plans to shut down all its businesses in Russia by June 24.
Oil & Gas Supply
EU Launches Nine-Point Plan to Mitigate Global Energy Crisis
Bloc calls on individuals to turn down heating, share cars and use more public transport.
Oil Price
OPEC Tells IMF that Oil Price Rally Mainly Due to Geopolitics
OPEC told IMF's steering committee on Thursday that the surge in oil prices was largely due to the Ukraine crisis, in the latest signal that the producer group …
Oil Price
China Oil Giant CNOOC Jumps 20% in First Mainland Trading
Cnooc Ltd. jumped 20% in its first day of trading in Shanghai as mainland investors jumped at the chance for exposure to soaring oil and gas prices.
CCS
ExxonMobil Estimates $4 Trillion CCS Market by 2030
Amount is around 60% of forecast oil and gas market by that date.
Nord Stream 2
Ukraine Lobbies for Cuts in Russian Nord Stream 1 Gas Shipments
Ukraine is working behind the scenes to convince Western allies to shift Russia’s shipments of natural gas from the Nord Stream 1 pipeline to Ukraine’s pipeli…
World Needs Extra $1.3 Trillion Energy Investment by 2030
The world needs to find $1.3 trillion of incremental investment by 2030 to boost all types of energy output and infrastructure from renewables to oil and gas to…
Carbon Neutral
Shell Cuts Scope 1, 2 and Methane Emissions
Oil giant Shell's first Energy Transition Report shows progress reducing emissions though net carbon intensity falls only slightly in five years.
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