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Biden Administration Pauses Federal Oil and Gas Leases Again
Amid ongoing court battles over oil and gas leases with Republican state attorneys general, including Louisiana’s Jeff Landry, the Biden administration is once…
Offshore Wind Power
North Sea Decarbonisation at the Forefront of Scotland’s Leasing Round Connecting Offshore Oil & Gas with Wind
A new leasing opportunity has been unveiled in Scotland, connecting offshore oil and gas with offshore wind in a push to boost innovation and help decarbonise t…
Oil Price
India’s Fuel Appetite Seen at a Record even as Oil Nears $100
Local sales of gasoline, diesel and other fuels have started picking up after being whipsawed by several virus waves and tax-inflated pump prices in the past tw…
Oil & Gas Trade
Iraq Starts Talks with Halliburton on Anbar Gas Project
Iraq has begun negotiations with the US oil major Halliburton to develop a crutch gas field in Anbar governorate, looking to increase its hydrocarbons output as…
Crude Oil
Norway’s January Oil Output Sinks Below Predictions
Norway’s oil production in January 2022 fell behind the Norwegian Petroleum Directorate’s predictions by 2.3 per cent, while the gas output also experienced a…
Natural Gas
Germany Freezes Nord Stream 2 Gas Project as Ukraine Crisis Deepens
Germany on Tuesday halted the Nord Stream 2 Baltic Sea gas pipeline project, designed to double the flow of Russian gas direct to Germany, after Russia formally…
Oil Price
U.S. Sanctions on Russia not Targeting Energy Markets
Actions the Biden administration took on Tuesday to punish Russia's economy over its aggression in Ukraine are not intended to hit global energy markets.
Natural Gas
GECF Recognises Leading Personalities with First-Ever Awards
The Gas Exporting Countries Forum yesterday announced the recipients of the inaugural GECF Awards.
Oil Price
Diesel Nearing Highest Price in a Decade
BISMARCK, N.D. (KFYR) - Fuel prices continue to rise, and that means diesel prices are up as well. While most motorists don’t use that blend of fuel, it makes …
Oil Price
Fuel Prices up for 8th Straight Week
Fuel prices will increase for eight consecutive weeks as oil firms will impose below PHP1-per liter hike starting Tuesday morning.
Oil Price
Oil Rises as Russia-West Stand-off Alarms Tight Market
LONDON/HOUSTON (Reuters) -Oil prices rose on Monday over the stand-off between Russia and the West over Ukraine, adding to supply concerns that have kept oil pr…
Oil Exploration
TotalEnergies Announces Major Oil Discovery Offshore Suriname
TotalEnergies and its partner APA Corporation have made significant oil and associated gas discovery offshore one of the hottest basins for major oil finds in r…
Net Zero Emission
HSBC Targets 34% Cut to Emissions from Oil and Gas Clients by 2030
HSBC aims to cut emissions associated with loans made to its oil and gas clients by 34% this decade, the bank’s sustainability chief told Reuters, marking the …
Oil Price
Russia-Ukraine Tensions: Oil Prices Jump to an 8-yr High, What Does it Mean for India?
Ukraine Conflict: Australian PM Scott Morrison announced the Australian embassy in Kyiv is in the process of being completely evacuated ahead of a potential Rus…
Crude Oil
India Expects Fuel Demand to Grow 5.5% in the Next Fiscal Year
India's fuel demand is likely to grow 5.5% in the next fiscal year beginning April 1, initial government estimates show, reflecting a pick-up in industrial acti…
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