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Shell Earns $1 Billion a Year From US Crude Trading, Court Filing Shows
EU
13-12-2022
EU Unity At Stake As Countries Try To Break Gas Price Cap Impasse
EU Unity At Stake As Countries Try To Break Gas Price Cap Impasse
Crude Oil
13-12-2022
Explainer: What Is The Oil Storage Situation In Canada And U.S. After Keystone Spill?
Explainer: What Is The Oil Storage Situation In Canada And U.S. After Keystone Spill? By Nia Williams and Arathy Somasekhar
LNG
13-12-2022
German Energy Regulator Urges Consumers To Save More Gas
Households must reduce gas consumption by 20%, more than they’re currently doing, to avoid shortages in coming months, Bundesnetzagentur warns.
Crude Oil
09-12-2022
Exxon, Chevron to Spend Billions More on Oil Projects Next Year
The two largest U.S. oil companies - Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) - disclosed plans to increase outlays on energy projects next year amid high oil demand and prices.
Oil Price
07-12-2022
Oil Prices Drop to Below $80 for First Time Since January on Recession Fears
US Energy Information Administration expects global oil inventories to fall by 200,000 barrels per day in the first half of 2023.
Natural Gas
07-12-2022
U.S. Pledges to Ramp up Supplies of Natural Gas to Britain as Biden and Sunak Seek to Cut off Russia
U.K. government says the new partnership will “drive work to reduce global dependence on Russian energy exports.”
Natural Gas
07-12-2022
ICE Warns EU Gas Price Cap Could See Prices Rise
An exchanges operator has warned the European Union that its proposal to cap gas prices would make it more likely that prices rise to hit the cap.
LNG
07-12-2022
U.S., Britain Launch Energy Partnership to Boost Supplies
The United States and Britain announced on Wednesday an energy partnership aimed at sustaining a higher level of liquefied natural gas (LNG) exports to Britain and collaborating on ways to increase energy efficiency.
Gas Turbine
06-12-2022
GE Releases New Option to Cut Emissions on Its Mobile Gas Turbines
GE Gas Power announced on Dec. 6 that it has deployed an “innovative technical solution” on four TM2500 aeroderivative gas turbines at the California Department of Water Resources’ (DWR’s) sites in Yuba City and Roseville, California
Crude Oil
06-12-2022
Adnoc and Malaysia's Petronas Join Forces on Abu Dhabi’s Unconventional Onshore Block 1
Award to Malaysia’s national oil and gas company launches Middle East’s first unconventional oil concession
Natural Gas
05-12-2022
Netherlands Proposes EU Gas Price Cap for State-Backed Buyers - Document
The Netherlands has weighed into the European Union's debate on whether to cap gas prices with an alternative proposal that would cap gas prices but only for government-owned or state-supported buyers.
Natural Gas
05-12-2022
Eastward Gas Flows via Yamal-Europe Pipeline Fall to Zero
Eastbound gas flows through the Yamal-Europe pipeline to Poland from Germany fell to zero on Monday morning, while Russian supplies to Europe via Ukraine inched up.
Oil Price
05-12-2022
Saudi Arabia Cuts Oil Prices to Asia to 10-Month Low
Saudi OSPs to Asia hit 10-month low amid slowing physical demand.
Natural Gas
05-12-2022
European Gas Consumption Is 24% Below the Five-Year Average
Europe’s natural gas demand in November fell by nearly a quarter compared to the five-year average for the month.
Oil Refinery
05-12-2022
Lukoil Says Its Italian Refinery Will Continue Operations After EU Embargo
Lukoil said on Friday that it is ready to ensure continued operations at the site after the EU embargo on imports of Russian crude by sea takes effect on December 5, thanks to oil storage and future deliveries of non-Russian oil.
Crude Oil
04-12-2022
Poland Approves $60 G7 Oil Price Cap
Poland has agreed to a $60 price cap on Russian crude oil, Poland’s Ambassador to the EU, Andrzej Sados, said on Friday.
Crude Oil
04-12-2022
Aker BP to Invest $19 Billion in Offshore Oil Projects in Norway
Norway’s oil and gas firm Aker BP approved plans to invest $19 billion in developing new projects offshore Norway by 2028, raising its initial capital expenditure plan by 20%, mostly due to cost inflation.
Crude Oil
30-11-2022
Nigeria to End Imports of Petroleum Products in 2023
Nigeria—a major petroleum products importer—expects to stop importing petroleum products starting in the third quarter of next year, Nigeria’s oil minister Timipre Sylva said on Tuesday, cited by Reuters.
Natural Gas
30-11-2022
Germany’s Largest State Declares Emergency Amid Energy Crisis
North Rhine-Westphalia, the biggest state in Germany in terms of economy and population, has declared an emergency situation amid the energy crisis in order to be allowed to take on more debt.
Natural Gas
30-11-2022
Eni Holds Preliminary Talks to Buy UK Gas Producer for up to $6 Billion
Italian energy major Eni has held preliminary talks to potentially buy UK-based gas-focused producer Neptune Energy for up to $6 billion, Reuters reported on Wednesday, quoting a source familiar with the matter.
Natural Gas
30-11-2022
Saudi Arabia Makes More Unconventional Gas Discoveries
Saudi Arabia’s oil giant Aramco has discovered two unconventional natural gas fields in the eastern part of the country.
OPEC
30-11-2022
Reuters Survey: OPEC Cut 710,00 Bpd in November
Led by Gulf member states, OPEC oil output dropped in November in line with the OPEC+ pledge to cut output by 2 million barrels per day for the month, according to a Reuters survey released on Wednesday.
Crude Oil
30-11-2022
Chevron to Ship First Venezuelan Oil to the U.S. By Year-End
Chevron is getting ready to ship the first oil cargo from Venezuela to the United States by late December.
Nigeria
30-11-2022
Nigeria Aims to End Imports of Petroleum Products Next Year
Nigeria expects to stop importing petroleum products from before or around the third quarter of 2023, its oil minister Timipre Sylva said on Tuesday.
LNG
30-11-2022
Scholz Welcomes Qatar LNG Deal as 'Building Block' for German Energy Security
German Chancellor Olaf Scholz welcomed a new deal for liquefied natural gas (LNG) from Qatar on Tuesday as a "building block" towards his country's energy security and a sign that Berlin had many different countries to tap for supplies.
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