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Renewable Connections Solar and Battery Project Gets the Go-Ahead From North East Lincolnshire Council
Crude Oil
18-03-2022
National Daily Oil Output Totals 684,100 Barrels
Azerbaijan's daily oil production, including condensate, amounted to 684,100 barrels in February 2022, the Energy Ministry has reported.
Crude Oil
18-03-2022
Japan and Saudi Arabia to Work Toward Stabilizing Crude Oil Markets
Prime Minister Fumio Kishida and Saudi Arabia’s Crown Prince Mohammed bin Salman agreed Thursday to bolster cooperation on stabilizing global crude oil markets after Russia’s invasion of Ukraine sent prices surging.
Crude Oil
18-03-2022
Indian Purchase of Russian Oil not Violation of Sanctions: US
The White House has said that India would not be violating sanctions if it purchased discounted oil from Russia but doing so would put New Delhi on the wrong side of history.
LNG
18-03-2022
Bangladesh to Get more LNG Supply in Summer
The world's leading LNG (liquefied natural gas) producer Qatargas has agreed to re-schedule its LNG cargo-delivery plan for Bangladesh to boost the fuel supplies during summer by slashing winter deliveries.
Crude Oil
18-03-2022
India Buys Russian Oil Despite Pressure for Sanctions
The state-run Indian Oil Corp. bought 3 million barrels of crude oil from Russia earlier this week to secure its energy needs, resisting Western pressure to avoid such purchases, an Indian government official said Friday.
Oil Price
18-03-2022
Oil Jumps as Russia-Ukraine Talks Stall
Oil prices extended their rally on Friday at the end of a third volatile week of trade after slim progress in peace talks between Russia and Ukraine raised the spectre of tighter sanctions and a prolonged disruption to oil supply.
Crude Oil
18-03-2022
Oil Futures: Price Rebound Continues on Prolonged War Fears, Brent up 2%
Crude oil futures in Asian trading hours Friday continued the upwards trend amid growing concerns over a prolonged war in Ukraine and renewed fears over the threat to Russia's oil supplies.
Crude Oil
18-03-2022
PSU Refiners Stock up on Cheap Russian Crude
India's state-run refiners are buying several million barrels of the Russian crude that's selling at a deep discount due to Western sanctions.
LNG
18-03-2022
Soaring LNG Demand Creates Traffic Jam at Gulf of Mexico Ports
Gulf Coast liquefaction facilities are operating near capacity thanks to strong demand.
Crude Oil
18-03-2022
The World Could See a Record-Breaking Oil Supply Shock
IEA: market could lose around 3 million bpd of supply from Russia starting in April.
Natural Gas
17-03-2022
Average San Diego County Gas Price Rises for 22nd Consecutive Day
The average price of a gallon of self-serve regular gasoline in San Diego County rose Wednesday for the 22nd consecutive day, increasing 3.3 cents to a record $5.805.
Crude Oil
17-03-2022
Russia Could Lose 30% of its Oil Output Within Weeks, IEA Warns
Russia could soon be forced to curtail crude oil production by 30%, subjecting the global economy to the biggest supply crisis in decades — that is, unless Saudi Arabia and other major energy exporters start pumping more.
Oil & Gas Supply
17-03-2022
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, the US Energy Information Administration said.
Natural Gas
17-03-2022
Exxon, BHP to Invest $291 Million to Expand Gas Output off Australia
Exxon Mobil Corp and BHP Group said on Thursday they will go ahead with a project to boost gas output from their Gippsland Basin Kipper field off southeast Australia, which would help fill a looming gas shortage in the local market.
Natural Gas
17-03-2022
IOG Starts Gas Production from Another Saturn Banks Field
UK-North Sea-focused oil and gas firm IOG on Wednesday confirmed first gas production from the Elgood field, part of Phase 1 of its Saturn Banks Project.
Oil&Gas Drilling
17-03-2022
Nigeria’s Rig Count up as OPEC Warns of Uncertainty from Impact of Ukraine Conflict
The Organisation of Petroleum Exporting Countries (OPEC) has kept its key oil market projections for 2022 unchanged, but it expects to adjust the forecasts in the coming weeks when there is more clarity on the impact of the conflict in Ukraine.
Crude Oil
17-03-2022
Oil PSUs Readying to Buy Discounted Russian Crude
Companies would make the move in a day or two after they achieve clarity on insurance, freight and payment for the Russian oil in view of the Western sanctions on Russia for its invasion of Ukraine
Crude Oil
17-03-2022
IEA: 3 mbpd of Russian Oil may not Reach Market from April
Rising commodity prices and sanctions on Russia "are expected to appreciably depress global economic growth" and impact inflation, said the Paris-based IEA, offering a bleak picture of undersupply and uncertainty for the oil market.
Oil Price
17-03-2022
Crude Oil Falls to $100, Eases Inflationary Worries
Crude oil prices fell to $100 a barrel on Tuesday, from a high of $139 last week, easing worries for consumers and the economy facing inflationary headwinds.
17-03-2022
Oil Futures Open Higher on IEA Supply Warning
Oil futures rose in early trading on Thursday, recovering some of the prior day's losses, after IEA said a decline in oil demand due to higher prices would not offset a shut-in of Russian oil supplies.
Oil & Gas Supply
17-03-2022
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 Chamber’s (AEC) 2022 first quarter outlook.
Natural Gas
17-03-2022
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
17-03-2022
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
17-03-2022
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 concerns exacerbated by the Ukrainian crisis.
Natural Gas
17-03-2022
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 the exit of France's TotalEnergies.
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