Oil

Oil Price
Why Shale May Not Stage a Comeback Despite Higher Oil Prices
Inflation, supply bottlenecks and a shortage of equipment and personnel have affected the exploration and production cycle.
Natural Gas
U.S. Natural Gas Prices Could Soon Hit $10
Warmer than usual spring weather and record LNG exports to help Europe reduce dependence on Russian gas could send the U.S. benchmark natural gas prices to abov…
Oil Price
Oil Rises, Defying Stock Market Falls as Supply Concerns Persist
Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned …
Natural Gas
Why are U.S. Natural Gas Prices Soaring?
U.S. natural gas prices are surging, with the benchmark futures contract rising to a 13-year high of $8.74 per million British thermal units, at a time when tha…
Oil & Gas Trade
How Much Russian Oil is Europe Importing?
Russia was the largest supplier of petroleum to Europe in 2021, according to a new report.
Oil & Gas Trade
Shell’s Profit Soars on Higher Oil and Gas Prices
Oil major Shell booked a huge profit in the first quarter of the year on the back of higher oil and gas prices despite taking a charge due to its phased exit fr…
Oil Price
OPEC+ Set to Stick to Modest Oil Output Rises amid Price Rally
OPEC+ will likely stick to modest oil output increases on Thursday arguing it is not responsible for geopolitics and supply disruptions.
Oil Price
Shell Posts Record Profit on High Energy Prices and Trading Boost
Shell reported on Thursday a profit of $9.13 billion in the first quarter, its highest ever, boosted by higher oil and gas prices and a strong performance of it…
Gas Turbine
Siemens Energy Sells 100th H-Class Gas Turbine—Fleet Exceeds 2.5 Million Operating Hours
In late March, Siemens Energy announced separate agreements with Guangdong Energy Group Co. Ltd. and Shenzhen Energy Group Co. Ltd., in which the gas turbine gi…
United Kingdom
UK Asks North Sea Oil and Gas Sector to Set out Plan to Reinvest Profits
Business minister Kwasi Kwarteng has written to the North Sea oil and gas industry asking it to set out a clear plan to reinvest its profits into British energy…
LNG
LNG Terminals in Europe Are Filling up Fast
Europe’s LNG terminals are maxed out as the region continues to import record amounts of gas.
Oil Field
Shell Fined £50K for Breaching Production Consents
The UK’s oil and gas regulator fined Shell UK £50,000 for breaching five field production consents.
LNG
U.S. Authorizes More LNG From Two Plants in Development
The U.S. Department of Energy said on Wednesday it authorized additional liquefied natural gas shipments from two plants in construction and development.
Carbon Emissions
Canada Oil Industry Needs $51 Billion to Decarbonize
Canada’s oil sands producers would need investments amounting to some US$51 billion (C$65 billion) to be able to reduce its emissions footprint while increas…
Oil Refinery
American Oil Refiners Set for a Blowout Year
Soaring fuel prices have been a boon for U.S. refiners this year.

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Oil

Why Shale May Not Stage a Comeback Despite Higher Oil Prices

U.S. Natural Gas Prices Could Soon Hit $10

Oil Rises, Defying Stock Market Falls as Supply Concerns Persist

Why are U.S. Natural Gas Prices Soaring?

How Much Russian Oil is Europe Importing?

Shell’s Profit Soars on Higher Oil and Gas Prices

OPEC+ Set to Stick to Modest Oil Output Rises amid Price Rally

Shell Posts Record Profit on High Energy Prices and Trading Boost

Siemens Energy Sells 100th H-Class Gas Turbine—Fleet Exceeds 2.5 Million Operating Hours

UK Asks North Sea Oil and Gas Sector to Set out Plan to Reinvest Profits

LNG Terminals in Europe Are Filling up Fast

Shell Fined £50K for Breaching Production Consents

U.S. Authorizes More LNG From Two Plants in Development

Canada Oil Industry Needs $51 Billion to Decarbonize

American Oil Refiners Set for a Blowout Year