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Crude Oil
CNOOC Adds Oilfields in Brazil
China National Offshore Oil Corp (CNOOC)'s ultra-deepwater pre-salt oilfield in Brazil was put into operation on Tuesday, the latest effort by the country's top…
Oil & Gas Supply
EU Launches Nine-Point Plan to Mitigate Global Energy Crisis
Bloc calls on individuals to turn down heating, share cars and use more public transport.
Energy Transition
Singapore Zooms in on Renewable Energy Amidst Energy Insecurity
Senoko said increasing prices and gas supply disruptions increased focus on the clean energy transition.
Oil & Gas Supply
Russia Appears to Be Softening Its Gas-For-Rubles Demand, Easing Supply Risks to Europe — for Now
Russia appears to have walked back demands that European companies pay for gas supplies in rubles from Thursday, temporarily alleviating the risk of supply disr…
Will Turning down Europe’s Thermostats Ease the Gas Supply Crisis?
To counter the extremely high gas prices caused by the Russia-Ukraine crisis the IEA has proposed turning thermostats down in households to use less gas.
Oil & Gas Supply
German Gas Supply Concerns Mount for Coming Winter
Germany, which relies heavily on Russian gas, has major concerns over securing supplies for next winter and is doing all it can to secure alternatives, Minister…
Oil & Gas Supply
IEA Unveils 10-Point Plan to Cut Oil Supply Crunch
The new report also includes recommendations for decisions to be taken now by governments and citizens to transition from the short-term emergency actions inclu…
Oil & Gas Supply
Europe Can Survive Throughout Summer Without Russian Gas
If Russian flows continue, the European Union (EU) and the UK will end this winter’s heating season with 27 billion cubic meters (bcm) of gas in storage.
Oil & Gas Supply
US Shale Oil Production Growth Revised Downward, Natural Gas Outlook Rises: EIA
The US shale oil production forecast was revised downward in March by 116,000 b/d, although it is now expected to hit the previous March projection in April, th…
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…
Natural Gas
Energean Inks Gas Supply Deal with Largest Israeli Buyer
London-listed E&P company Energean has signed a gas supply agreement with the Israel Electric Company (IEC), the largest Israeli buyer of natural gas, marking a…
Oil & Gas Supply
India, Russia Discuss Ongoing & Potential Joint Energy Projects
India and Russia on last Friday held detailed dialogue on current and potential joint projects in the fuel and energy industry and probable mechanisms for trans…
Oil & Gas Supply
Iraq's Oil Supply Compatible with Global Demand
Iraq said on Wednesday that its crude oil exports are in line with the consumption in the world oil market, ruling out the need to increase oil production.
OPEC
G7 Energy Ministers Call on OPEC to Play 'Key Role' in Boosting Oil Supplies
G7 energy ministers on March 10 called on OPEC to "play a key role" in boosting oil supplies to international markets where production is not meeting full capac…
Oil & Gas Supply
European Oil and Gas Majors’ Exposure to Russia Is Limited
European oil and gas major’s planned exit from Russia or curtailed operations in the country will have a limited impact on their credit metrics, Fitch Ratings …
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