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Oil & Gas Trade
Russia Plans to Pipe 35 Bcm of Gas to China via Kazakhstan, Tass Reports
Oil Price
15-09-2022
Oil Rises on Weakening Dollar, Potential Supply Disruptions
Oil prices edged upwards in early Asian trade on Thursday, as supply concerns and a looming rail stoppage in the United States, the world's biggest crude consumer, supported markets.
Oil&Gas Drilling
14-09-2022
No Luck for Equinor and ConocoPhillips With Exploration Wells Offshore Norway
Separate wells drilled near Balder and Oseberg Ost fields
OPEC
14-09-2022
OPEC Upbeat on Global Economic Growth
Global economic growth is set to remain robust at 3.1% this year and another 3.1% next year, OPEC said on Tuesday in a forecast suggesting that the cartel expects healthy oil demand growth despite market fears of recession.
14-09-2022
Cyberattacks Are a Major Risk for the World’s Largest Oil Company
Cyberattacks are among the greatest risks Saudi Aramco faces these days, Amin Nasser, president and chief executive officer at the world’s biggest oil firm, said on Tuesday.
Crude Oil
14-09-2022
South Sudan Won’t Let OPEC+ Stand in Way of Increasing Oil Output
South Sudan has threatened to quit the OPEC group if it interferes with its ability to meet its ambitious oil production plans, first vice-president Riek Machar said on Tuesday.
LNG
14-09-2022
Central African Countries Champion 6500-Km of New Pipeline Construction
Central African countries have signed an agreement to construct three multinational oil and gas pipeline systems of around 6,500 km, storage depots, LNG terminals, at least three refineries and gas-fired power plants linking 11 countries by 2030
Oil&Gas Drilling
13-09-2022
Adnoc and Eni Evaluate ‘Fast Track’ Development Options for Sizeable Offshore Discovery
Project centres around leveraging other schemes currently being developed in Abu Dhabi as well as utilising existing Adnoc facilities
Natural Gas
13-09-2022
Czech Government Approves Electricity, Gas Price Cap
The Czech government agreed on Monday to cap electricity and gas prices next year to shield households from soaring prices on markets, Prime Minister Petr Fiala said.
Crude Oil
13-09-2022
U.S. Emergency Oil Reserves Tumble to Lowest Since 1984
U.S. emergency crude oil stocks fell 8.4 million barrels last week to 434.1 million barrels, their lowest since October 1984, according to U.S. Department of Energy (DOE) data released on Monday.
Gas Turbine
10-09-2022
GE Gas Turbines Power New-Look Bangkok Plant
Two new gas-fired combined cycle blocks of around 1400MW have gone into commercial operation this week at Thailand’s Bang Pakong power plant.
LNG
09-09-2022
JERA, Uniper Partner to Procure LNG, Clean Ammonia
This is to improve stability of energy supply in Japan and Germany.
Oil Shale
09-09-2022
INEOS Renews UK Shale Gas Offer as Prime Minister Truss Lifts Fracking Ban
Energy company INEOS has renewed its offer to the UK government and new Prime Minister Liz Truss to drill a shale gas test well in the UK.
Oil Price
08-09-2022
Oil Prices Climb on Tight Supply Worries
Oil prices rose by as much as $1 per barrel on Thursday after dropping below key technical support levels in the previous session, as an energy standoff between Europe and Russia focused investor minds on how tight fuel supply may become.
Natural Gas
07-09-2022
Exxon and Shell Look To Sell $1.5 Billion Natural Gas Venture
Supermajors ExxonMobil and Shell are looking to sell their 50/50 NAM natural gas producing joint venture in the Netherlands in a potential sale worth up to $1.5 billion, Reuters reported on Tuesday, citing industry sources and a document it had seen.
Natural Gas
07-09-2022
French Urged to Cut Energy Use by 10%
Saving energy could help France avoid rolling blackouts and energy rationing this winter, the French President has said
Crude Oil
07-09-2022
Norwegian Energy Giant Equinor Completes Russia Exit
It has exited from four joint ventures with state-owned Rosneft as well as the Kharyaga oilfield project
LNG
07-09-2022
South Korea-Oman Energy Supply Chain Critical Amidst Rise in LNG Prices
South Korea’s Trade, Industry, and Energy Minister Lee Chang-Yang, and Oman’s Energy and Minerals Minister Salim bin Nasser Al Aufi discussed bilateral energy supply chain cooperation particularly on natural gas and renewables.
Natural Gas
06-09-2022
France Has Filled Up Its Strategic Gas Reserves Ahead of Winter - Minister
France is well prepared to get through this winter despite the energy crisis stemming from the war in Ukraine as it has now filled its strategic gas reserves at their maximum level
Natural Gas
06-09-2022
Siemens Energy: Don’t Understand Gazprom View on Nord Stream 1
Siemens Energy said on Tuesday it does not comprehend Gazprom's presentation of the situation with the Nord Stream 1 pipeline
Natural Gas
06-09-2022
Shell Greenlights Malaysian Giant Offshore Gas Project
Production start-up for Sarawak scheme is expected in 2026
Natural Gas
06-09-2022
Macron: France, Germany to Provide Each Other With Gas, Electricity, to Weather Crisis
France will send gas to Germany if needed while Germany stands ready to provide it with electricity, President Emmanuel Macron said on Monday.
Oil Price
03-09-2022
Will Germany Introduce a Windfall Tax on Energy Firms?
As rising energy prices and a new gas levy in Germany are expected to triple fuel bills for consumers from autumn, pressure is mounting on the government to introduce a windfall tax on energy firms to fund further relief measures.
Natural Gas
02-09-2022
EU Mulls Energy Price Cap for Certain Generators - Document
The European Commission’s upcoming proposals to tackle surging energy prices should include a price cap for certain power generators that do not run on gas.
Natural Gas
01-09-2022
European Intervention Sees Gas Prices Drop
The EU is looking to separate gas and electricity prices to protect consumers.
LNG
31-08-2022
LNG Investments to Reach $42B Annually in 2024: Report
This is 20 times the investments seen in 2020 which amounted to $2b.
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Oil Spill Fear After Fatal Explosion on Chevron FSO Offshore Thailand
4
Ukrnafta Increases Reserves by 3 Mln Tonnes of Oil, 600 mcm of Gas
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Russia's Gazprom Shut Dozens of Gas Wells in Orenburg Region Before Floods
6
ONGC Initiates Oil Production From Its Deep-Water Asset