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Carbon Emissions
European Parliament Backs Outlawing of Petrol and Diesel Vehicles by 2035
As part of the Fit for 55 package, European parliamentarians have supported revision of CO2 emission performance standards for new vehicles.
LNG
Shell Eastern Petroleum Signs MoUs With Japan LNG Buyers
Agreement between Shell Eastern Petroleum, Tokyo Gas and Osaka Gas aims to accelerate decarbonisation across respective production value chains.
Electric Vehicle Charging
UK Electric Charging Costs Jump £4 Due to Energy Crunch
RAC reports UK electric charging costs have risen £4 in 8 months - but that's still £10 less than the rise in petrol costs.
Crude Oil
Davos 2022: Crude at $110 per Barrel Is ‘Not Sustainable’, Indian Energy Minister Says
India is speeding up its plan to blend ethanol with petrol to help cut down crude imports in the long term
Norway
Norway Oil Firm Okea to Initiate Dividend, Buy North Sea Assets
Norwegian independent petroleum firm Okea announced its first dividend payment on Monday and separately said it agreed to buy a portfolio of mostly oil-producin…
Crude Oil
More Oil From U.S. Strategic Petroleum Reserve Heads to Europe
Europe is set to receive more cargoes of U.S. crude from the Strategic Petroleum Reserve (SPR) as the European Union discusses an oil embargo on Russia and look…
Crude Oil
Shell Agrees to Sell its Russian Petrol Stations
LUKOIL will buy Shell’s Russian retail and lubricants businesses
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 Drilling
Chevron Cleared to Start up Gorgon and Jansz Feed Gas Pipeline and Wells
Australian National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has approved Chevron’s environment plan for the commissioning, s…
Oil and Gas Equipment
Chinese Cable Supplier Hired for Major ADNOC Oil and Gas Projects
ZTT Submarine Cable & System has secured three oil and gas subsea cable supply projects with UAE’s National Petroleum Construction Company (NPCC), set to be de…
Crude Oil
EU Steps back From Impractical Russia Oil Embargo
EU leaders have stepped back from imposing an immediate embargo on Russian crude and petroleum product imports as the impracticality of the policy has become cl…
Crude Oil
China's Sinopec Plans Its Biggest Capital Expenditure in History
China Petroleum & Chemical Corp, better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best profit in a de…
Oil Price
Sinopec's 2021 Profit More Than Doubled on Higher Oil Prices, Sales
China Petroleum & Chemical Corp.'s 2021 net profit more than doubled to its best level in nearly a decade on higher prices and demand for petroleum products.
Russian Federation
TotalEnergies to Halt Russian Oil Purchases by the End of 2022
TotalEnergies has announced it will stop purchasing oil and petroleum products from Russia as soon as possible and by the end of 2022 at the latest.
Oil Price
Diesel Price for Bulk Esers Hiked Rs 25/litre; Private Retailers Stare at Closure
Petrol pump sales have jumped by a fifth this month after bulk users like bus fleet operators and malls queued up at petrol bunks to buy fuel rather than the us…
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