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Oil
Oil Price
Oil Prices to Remain Volatile as Russia-Ukraine Crisis Intensifies
Oil prices receded to below $100 a barrel at the end of trading on Friday after breaching the psychological level to reach prices not seen since 2014.
Natural Gas
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 …
United Kingdom
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 com…
Solar Developer Has Plan to Turn Oil Wells into Energy Storage
A California developer of concentrated solar power (CSP) systems has announced an innovation that it says combines the company’s technologies to turn existing …
Oil Exploration
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 Bas…
Oil Exploration
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
Energy Transition
CCC: New Oil and Gas Is Not the Best Protection Against High Prices
The CCC advocates a “tighter limit” on oil and gas production.
Oil & Gas Trade
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 Uda…
Crude Oil
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…
LNG
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 dow…
Nord Stream 2
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 ap…
Nord Stream 2
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
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…
Oil & Gas Supply
Japan Willing to Release Oil Reserves
Japanese government officials have indicated a willingness to join other countries in releasing oil reserves.
Natural Gas
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 rel…
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