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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Crude Oil
03-11-2022
Oil Shortage Forecasts Clash With Grim Economic Projections
Oil markets can’t seem to choose which direction to head.
Natural Gas
02-11-2022
Bp Doubles Profits From Oil and Gas Prices
From July to September the company made $8.2bn
OPEC
02-11-2022
OPEC+ 'Only a Phone Call Away' if Markets Need Balancing - UAE Minister
The United Arab Emirates' energy minister said on Monday that OPEC+ was always willing to balance crude oil markets if needed, and that if consumers require its help, the alliance of top producers was "only a phone call away".
Crude Oil
01-11-2022
World Set to Lose 5 Million Barrels of Oil per Day if Investment Stops
The world will lose 5 million barrels per day of oil each year from current supplies if spending comes to a halt, Dr Sultan Al Jaber, managing director and group chief executive of Adnoc, has said.
Natural Gas
31-10-2022
Germany Set to Attach Conditions to Gas Price 'Brake', Sources Say
The German government is likely to insist companies that benefit from a planned "brake" on gas prices meet conditions.
LNG
30-10-2022
QatarEnergy Names ConocoPhilips Partner for LNG Expansion Project
QatarEnergy's chief executive on Sunday named ConocoPhillips (COP.N) as the third and final partner on the Gulf Arab state's North Field South expansion, part of the world's largest liquefied natural gas (LNG) project.
Oil Field
30-10-2022
Pioneer Natural Resources to Increase Return Targets for Oil Wells
U.S. shale oil producer Pioneer Natural Resources will reshuffle its drilling portfolio next year to target wells with potentially higher returns, a move to boost productivity levels.
Natural Gas
30-10-2022
U.S. Natgas Futures Falls 3% on Mild Weather Forecasts
U.S. natural gas futures fell about 3% on Friday on record output and forecasts for mild weather and low heating demand through mid November, which should allow utilities to inject more gas into storage than usual for at least a few more weeks.
Natural Gas
29-10-2022
European Natural Gas Prices Fall Amid High Storage Levels and Warm Weather
Concerns are growing about the continent's ability to meet 2023 demand as Russian supplies dwindle.
Oil&Gas Drilling
28-10-2022
Indonesia’s Pertamina Starts First Underground Carbon Injection Tests
Indonesia's Pertamina launched its first underground carbon injection tests this week, as the state energy firm seeks to cut carbon emissions while increasing oil output.
LNG
28-10-2022
SG, Japan Ink MOC to Boost LNG Supply Chain
It will augment energy security for the market’s decarbonisation target.
Natural Gas
28-10-2022
Europe’s Gas Use Down in September as High Prices Hit Industry
Europe slashed its gas use in August and September as industries cut production in response to soaring prices and scarce Russian supply, although the cuts were unevenly spread between countries.
LNG
27-10-2022
LNG Ships Play Waiting Game off Spain’s Coast as Higher Prices Eyed
Several ships carrying liquefied natural gas (LNG) anchored off Spain's Bay of Cadiz are likely to stay there until late November in anticipation of a rise in European gas prices, industry sources said.
Crude Oil
27-10-2022
World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022
The World Bank has predicted that energy prices will decline by 11% in 2023 after having surged 60% in the current year following the war in Ukraine.
Guyana
27-10-2022
Exxon Makes More Oil and Gas Discoveries Offshore Guyana
U.S. oil and gas major Exxon Mobil has announced on Wednesday that it has made two more discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, bringing discoveries on the block to more than 30 since 2015.
Egypt
26-10-2022
Egypt Oil Min Says Framework Agreement in Place on Gaza Marine Field
Egypt's petroleum minister confirmed on Tuesday a framework agreement had been reached to develop the Gaza Marine gas field offshore Gaza and talks were under way to conclude a final deal.
LNG
26-10-2022
Italy Commissioner Oks New LNG Terminal in Piombino
A state-appointed commissioner on Tuesday formally approved the set up of a new liquefied natural gas (LNG) terminal in the Italian port of Piombino, on the western coast of the country.
Natural Gas
26-10-2022
EU Edges Towards Gas Price Cap With More Emergency Talks
European Union energy ministers will hold another emergency meeting in November to try to make progress on a bloc-wide gas price cap, after talks on Tuesday left it unclear when Brussels would make a firm proposal on the measure.
Natural Gas
25-10-2022
EU Countries Look to Map Out Path to Gas Price Cap
European Union energy ministers will discuss a bloc-wide gas price cap on Tuesday, attempting to navigate their next steps although it is likely to be weeks before any final decisions.
Natural Gas
25-10-2022
Factbox: How Is Germany Replacing Russian Gas?
Germany, Europe's biggest economy and historically a major importer of Russian gas, is scrambling to secure alternative supplies following a plunge in flows from Russia.
Natural Gas
25-10-2022
Wave of LNG Tankers Is Overwhelming Europe in Energy Crisis and Hitting Natural Gas Prices
60 liquified natural gas vessels are slow sailing or anchored around Northwest Europe, the Mediterranean, and the Iberian Peninsula, according to MarineTraffic.
Oil Refinery
24-10-2022
French Government: On Right Track Over Further Easing Petrol Supply Problems
The French government said on Sunday that France was on the right track over further easing the problem of petrol service stations not having enough petrol due to strikes at oil refineries.
Oil Price
24-10-2022
Portugal’s Galp Quarterly Profit up 16% On Higher Oil Prices, Better Margins
Portuguese oil and gas company Galp Energia reported a 16% increase in adjusted third-quarter profit on Monday, thanks to soaring oil prices and a near-doubling of its refining margin.
Oil Field
24-10-2022
Oil Giant Schlumberger Rebrands Itself as SLB for Low-Carbon Future
Schlumberger, the world's largest oilfield services provider, is rebranding itself with a new name, color scheme and logo that underscores its ambitions for a lower-carbon future.
Natural Gas
24-10-2022
Floene – Largest Gas Distribution Operator in Portugal
Portugal’s largest gas distribution network Galp Gás Natural Distribuição has been renamed Floene.
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Most views from Oil & Gas
1
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2
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3
Equinor starts drilling major gas development in Brazil
4
Algeria and Spain in talks to increase gas supply
5
Petron secures 2.5M barrels of Russian crude oil
6
PH, China reopen oil exploration talks