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Oil & Gas Supply
Uganda’s Oil and Gas Prospects Expected to Improve in 2025
Increased sanctioning activity in African energy has resulted in growth in cumulative expenditure of $23 billion by 2025, according to the African Energy Chambe…
EU
EU Can Tap Geothermal Potential to Cut Russian Gas - EGEC
EGEC has calculated that the EU can reduce its use of Russian gas by 3 billion cubic metres (bcm) this year with the help of geothermal district heating and coo…
Natural Gas
QatarEnergy Kicks-off Operations at Key Barzan Gas Plant
QatarEnergy has kicked-off operations from its Barzan gas plant in the Ras Laffan Industrial City, to handle production from its giant North Field development.
Natural Gas
Petrobras Nears Agreement to Sell Bolivia-Brazil Gas Pipeline to EIG
EIG could pay between $500m and $1bn for Petrobras' stake in Transportadora Brasileira Gasoduto Bolivia-Brasil.
LNG
Norway’s Equinor Ramping up Gas Output to Help Meet Europe’s Demand
Norway’s state player Equinor and the country’s government have worked out a plan to maintain high gas exports to Europe and meet the demand amid supply conce…
Natural Gas
Thai PTTEP to Take Over Myanmar Offshore Gas Field Ops After TotalEnergies' Exit
Thai oil and gas giant PTT Exploration and Production Pcl said on Monday it would take over operations of the Yadana gas field in Myanmar from July following th…
Ireland
Summer Energy Prices in Ireland to Remain Above Seasonal Average Until 2029
Research from Cornwall Insight has shown that gas prices across both Northern Ireland and the Republic of Ireland will vary significantly between the seasons, w…
Oil Price
Oil Market Heads for ‘Biggest Supply Crisis in Decades’ with Russia’s Exports Set to Fall, IEA Says
Three million barrels per day of Russian oil output is at risk beginning in April as sanctions hit and buyers shun the nation’s exports, IEA said Wednesday.
LNG
Biden Administration Approves More LNG Exports to Europe
The Biden administration said on Wednesday it had authorized additional exports of liquefied natural gas from two major facilities on the U.S. Gulf Coast.
Crude Oil
Brazil Assures US it will Increase Oil Production
The Brazilian government on Monday (Mar 14) assured the United States it will increase its oil production, a decision that could help ease concerns over global …
Natural Gas
US Gas Exports Can ‘Easily’ Replace Russian
The global energy market has been suddenly upended by Russia’s invasion of Ukraine, but one energy boss says the US could step in and help shore up global supp…
Crude Oil
BP may Take $25 Billion Hit from Divestment from Russian Oil Company
BP expects to lose up to $25 billion, more than a fourth of its market capitalization, after divesting from its 19.75% stake in the Rosneft oil company in Russi…
Crude Oil
Will India Buy Discounted Russian Oil?
While many countries have already sanctioned Russian oil and gas, India is reportedly considering buying crude oil from Russia at a discount.
Crude Oil
Japan to Sell Additional 1.89 Mil Barrels Hout Crude From National Reserves
Japan plans to sell an additional 300,000 kiloliters, or 1.89 million barrels, of Hout crude from its national petroleum reserves via a public tender in April.
Crude Oil
Norway’s Equinor Not Entering Any New Trades for Russian Oil
Following the beginning of the process to exit its projects in Russia, Norwegian state-owned oil and gas player Equinor has now also decided to stop trading in …
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