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Eyeing Green Vote, Macron Vows to Exit Oil, Coal and Gas
President Emmanuel Macron promised on Saturday to make France the "first great nation" to stop using oil, coal and gas as energy sources, in a pitch to young an…
Crude Oil
Russia’s Oil Industry Is Suffering as the West Shuns Its Crude
Russia’s economically critical oil industry is getting battered as Western buyers shun the country’s crude.
Crude Oil
U.S. to Resume Oil, Gas Drilling on Public Land Despite Biden Campaign Pledge
The Biden administration on Friday said it has resumed plans for oil and gas development on federal lands, a move that could break a pledge Joe Biden made while…
Oil Price
OPEC Minimum Oil Production Increase During March
OPEC oil production increased by just 57,000 barrels per day (bpd) in March from February, as African members’ struggles to pump more crude partially offset in…
Natural Gas
China's Guangdong to Boost Natural Gas Consumption by 65.5% in 2021-2025
China's Guangdong province will boost gas consumption by 65.5% in the five years to 2025 on the back of industrial coal-to-gas switching and new natural gas-fir…
LNG
Germany Weighs Leasing Additional Floating LNG Terminal
Germany has signed contracts to lease three floating liquefied natural (LNG) gas terminals and is considering getting a fourth to more quickly reduce dependence…
Gas and Power Prices Continue to Soar Due to Ukraine Conflict
Sky-high wholesale gas prices in Europe reached record levels in the first quarter this year as a result of the conflict between Ukraine and Russia, according t…
Natural Gas
US Natural Gas Storage Rises 15 Bcf, Lifting Stocks to 1.397 Tcf as Deficit Grows
US natural gas storage activity flipped back to net injections in the first week of April with an undersized addition to stocks widening the deficit and provoki…
Brazil
Shell and TotalEnergies Win Fresh Exploration Blocks Offshore Brazil
Oil majors Shell and TotalEnergies have secured six and two offshore exploration blocks, respectively, in the Santos basin offshore Brazil as part of the countr…
LNG
Egypt to Maximise Gas Production and LNG Exports to Europe Following Deal with Eni
Italian oil and gas company Eni and Egypt’s EGAS have agreed for the latter to increase the production and supply of gas to Europe.
Oil&Gas Drilling
Australian Offshore Oil Exploration Well Imminent for SapuraOMV
The Malaysian-Austrian joint venture company SapuraOMV Upstream will spud early next month the Kanga-1 oil exploration well offshore Western Australia.
Crude Oil
Major Oil Traders Cut Russian Crude Purchases Starting Next Month
Major crude trading houses are set to slash their purchases of Russian crude oil and crude products starting mid-May, anonymous Reuters sources said on Thursday…
CCS
Indonesia Advances Carbon Capture, Storage and Utilisation Ambitions
Pertamina and Mitsui in joint feasibility study to commercialise CCUS in the Southeast Asian nation.
Crude Oil
Equinor Announces New Oil and Gas Discovery in the North Sea
Preliminary estimates suggest between 25m to 50m barrels of recoverable oil equivalent.
Natural Gas
Energy Cooperation with Israel and Cyprus
Greek Environment and Energy Minister Kostas Skrekas held talks with his Israeli and Cypriot counterparts, Karine Elharrar and Natasa Pilides.
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