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Renewable Connections Solar and Battery Project Gets the Go-Ahead From North East Lincolnshire Council
Oil Price
21-04-2022
China Oil Giant CNOOC Jumps 20% in First Mainland Trading
Cnooc Ltd. jumped 20% in its first day of trading in Shanghai as mainland investors jumped at the chance for exposure to soaring oil and gas prices.
Nord Stream 2
21-04-2022
Ukraine Lobbies for Cuts in Russian Nord Stream 1 Gas Shipments
Ukraine is working behind the scenes to convince Western allies to shift Russia’s shipments of natural gas from the Nord Stream 1 pipeline to Ukraine’s pipeline, increasing Kyiv’s leverage in its conflict with Russia.
Russian Federation
20-04-2022
Shell Starts Withdrawing Staff From Russia as Part of Exit Strategy
Oil company is demobilising its seconded employees in ventures with Gazprom and Gazprom Neft in a phased process.
Oil&Gas Drilling
20-04-2022
Empyrean Ticks off ‘Major Box’ at Chinese Well
AIM-listed oil and gas exploration company Empyrean Energy has backed up its pre-drill interpretation of seismic data related to the Jade prospect well located in Block 29/11 offshore China.
Oil and Gas Equipment
20-04-2022
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 delivered to the end-user Abu Dhabi National Oil Company (ADNOC).
Natural Gas
20-04-2022
Russia Explains Gas for Rubles Switch
The new mechanism provides payment guarantees for Moscow, Foreign Minister Sergey Lavrov says.
Natural Gas
19-04-2022
Natural Gas Demand to Slip in 2022 Amidst Russia-Ukraine Conflict: IEA
The downward forecast is equivalent to 50 billion cubic meters of LNG.
Oil&Gas Drilling
19-04-2022
All Approvals Ready for Australian Well Drilling to Kick off Next Month
With all regulatory and environmental approvals in place, SapuraOMV is preparing to drill the Kanga-1 exploration well offshore Western Australia early next month.
Crude Oil
19-04-2022
North Sea Operators Renew Agreements for Exporting Oil to Flotta Terminal
Partners in several North Sea fields have reaffirmed their commitments to export the oil produced from their fields to the Repsol Sinopec Resources-operated Flotta Terminal in Scotland.
LNG
19-04-2022
U.S. Natural Gas Prices Hit Highest Level in 14 Years
The benchmark U.S. natural gas price soared by more than 7% early on Monday.
Crude Oil
19-04-2022
German Industry Fears Immediate Russian Gas Ban
As Europe continues to consider a ban on Russian energy exports, German business and unions are joining forces in opposition.
Oil&Gas Drilling
18-04-2022
US Resumes Public Land Leasing for Oil and Gas Drilling
The US Department of the Interior said around 144,000 acres of public land will be put up for sale this week, marking the end of a moratorium on new leases.
LNG
18-04-2022
Aussie LNG export revenue up 88% in Mar: EnergyQuest
Australian LNG export revenue in March was A$5.47bn ($4.03bn), up 88% year/year, energy consultant EnergyQuest said on April 18. The revenue was down 2.85% month/month, however.
Russian Federation
18-04-2022
New EU Sanctions on Russia to Target Sberbank, Commission Head Tells Paper
The European Union’s forthcoming sanctions on Russia will target banks, in particular Sberbank (SBER.MM), as well as oil, the head of the European Commission Ursula von der Leyen told a German newspaper.
LNG
18-04-2022
Japan's JERA Weighs Expanding LNG Business to China
Japanese energy group JERA, one of the world's biggest importers of liquefied natural gas, has taken a step toward a possible expansion of its LNG business to China.
Oil Price
18-04-2022
Oil Prices Rise on Supply Concerns as Ukraine Crisis Deepens
Oil prices rose on Monday as concerns grew about tighter global supply, with the deepening crisis in Ukraine raising the prospect of heavier sanctions by the West on top exporter Russia.
LNG
17-04-2022
Germany to Move away From Russian Gas
Germany has released nearly EUR3 billion to acquire floating liquefied natural gas (LNG) import terminals, the Finance Ministry said on Friday, as it seeks to move away from dependence on Russian gas.
Crude Oil
17-04-2022
Russia’s Oil Industry Is Suffering as the West Shuns Its Crude
Russia’s economically critical oil industry is getting battered as Western buyers shun the country’s crude.
Crude Oil
16-04-2022
U.S. to Resume Oil, Gas Drilling on Public Land Despite Biden Campaign Pledge
The Biden administration on Friday said it has resumed plans for oil and gas development on federal lands, a move that could break a pledge Joe Biden made while campaigning for president.
Oil Price
16-04-2022
OPEC Minimum Oil Production Increase During March
OPEC oil production increased by just 57,000 barrels per day (bpd) in March from February, as African members’ struggles to pump more crude partially offset increases at the core OPEC members of the Middle East.
Natural Gas
15-04-2022
China's Guangdong to Boost Natural Gas Consumption by 65.5% in 2021-2025
China's Guangdong province will boost gas consumption by 65.5% in the five years to 2025 on the back of industrial coal-to-gas switching and new natural gas-fired power plants.
LNG
15-04-2022
Germany Weighs Leasing Additional Floating LNG Terminal
Germany has signed contracts to lease three floating liquefied natural (LNG) gas terminals and is considering getting a fourth to more quickly reduce dependence on Russia for gas supplies, a government source said.
15-04-2022
Gas and Power Prices Continue to Soar Due to Ukraine Conflict
Sky-high wholesale gas prices in Europe reached record levels in the first quarter this year as a result of the conflict between Ukraine and Russia, according to the latest electricity market reports from EnAppSys.
Natural Gas
15-04-2022
US Natural Gas Storage Rises 15 Bcf, Lifting Stocks to 1.397 Tcf as Deficit Grows
US natural gas storage activity flipped back to net injections in the first week of April with an undersized addition to stocks widening the deficit and provoking a bullish reaction in the Henry Hub gas futures market.
Brazil
14-04-2022
Shell and TotalEnergies Win Fresh Exploration Blocks Offshore Brazil
Oil majors Shell and TotalEnergies have secured six and two offshore exploration blocks, respectively, in the Santos basin offshore Brazil as part of the country’s latest bid round.
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