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Oil Price
Moscow Restrains Response to G7 Price Cap
A long-awaited decree signed by President Vladimir Putin this week prohibiting Russian oil exports to countries working under the G7 price cap was perceived as …
Oil Refinery
Sanctions to Choke Russian Refining Sector
The outgoing year was a wild ride for Russia’s downstream, which pulled off a remarkable rebound after a dizzying, postwar decline.2023 promises even more…
Oil&Gas Drilling
Somalia Rejects Genel Energy’s “Illegal Claim” to Oil Permits
NAIROBI, Dec 28 (Reuters) - Somalia rejected on Wednesday what it called an "illegal claim" by Genel Energy (GENL.L) to oil exploration and exploitation rights …
Oil & Gas Trade
Putin Bans Export of Russian Oil to Countries That Implement Price Cap
Moscow: President Vladimir Putin Tuesday delivered Russia’s long-awaited response to a Western price cap, signing a decree that bans the supply of crude o…
Oil & Gas Trade
AD Ports Group Signs Major Agreements With Kazakh National Oil Company Subsidiary
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 28th Dec, 2022) AD Ports Group has signed a shareholder agreement with KMTF (Kazmortransflot), a fully-owned…
Oil&Gas Drilling
Allseas to Deliver ‘One of the Heaviest Offshore Installation Projects in History’
Allseas has won a contract with Aker BP for the delivery of offshore transport and installation (T&I) services for a new processing platform topsides facility w…
LNG Carrier
Yinson’s FPSO Stays in Nigeria
Malaysian FPSO provider Yinson has secured another contract extension with Addax Petroleum for a floating, production, storage, and offloading (FPSO) vessel car…
Oil&Gas Drilling
IOG Sketches Well Plan for North Sea Gas Project
UK-headquartered IOG plc is planning to drill the second Blythe production well directly after the Southwark A1 well in the first half of 2023 as part of the Sa…
Ultra-high voltage grid
China’s Oil and Gas Firm Inaugurates Power-From-Shore Project
China’s oil and gas company CNOOC Limited has commenced operations from its oilfields onshore power project located in Bohai Bay, which will supply electr…
Oil & Gas Supply
Turkey Announces Big Boost in Black Sea Gas Reserves
Upward projection could help Ankara realise its goal of becoming an energy hub for the regionScarabeo 9, a 115-metre-long, 78-metre-high Frigstad D90-type semi-…
Natural Gas
Natural Gas Futures Prices Edge Higher as Models Tease Mid-January Cold; Production Still Way Down
With natural gas traders’ fingers and toes still thawing out from the weekend’s Arctic blast, most remained on the sidelines of the action on Tuesda…
Oil&Gas Drilling
Chinese Company Awarded Exploration Rights to Five Hydrocarbon Blocks in Mozambique
Sixth block awarded to Italy’s ENI; first period of exploration expected to allow investments of around US$370 million, and opening of four wells in deep …
Oil & Gas Trade
Re Trade’ Starts, First Deals With Russia
Russian banks like Sberbank, VTB, Gazprom, BCS, MTS, Tinkoff, Soyuz, Credit Europe Bank (Russia), PSCB, Ros and JSCB have opened such accounts.Six of these acco…
Oil Price
Oil Reaches Three-Week High as China Relaxes COVID Limits
WASHINGTON, 27th December, 2022 (WAM) -- Oil touched a three-week-high Tuesday as China's latest relaxation of COVID-19 restrictions fueled prospects of a d…
LNG
Japan Inks LNG Deals With US, Oman in Bid to Secure Fuel Supply
A worker walks under pipelines at Jera Co.'s liquefied natural gas (LNG) fired power plant inside the company's Anegasaki Thurmal Power Station in Ichih…
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