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Oil & Gas

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

LNG
26-04-2022

UK’s Gas Imports From Russia Increased by 37% in 2021
Russia was the fourth-most imported source for the UK last year, according to official data.
Oil & Gas Trade
26-04-2022

Possible to Pay for Russian Gas While Complying with Sanctions - Uniper
Uniper, Germany's main importer of Russian gas, on Monday said it would be possible to pay for future supplies without breaching European Union sanctions even though Moscow has demanded payments in roubles.
Oil&Gas Drilling
26-04-2022

Biden Reverses Trump Move to Open up More Oil Drilling in Arctic
The Biden administration on Monday reversed a Trump administration plan that would have allowed the government to lease more than two-thirds of the country’s largest swath of public land to oil and gas drilling.
Crude Oil
25-04-2022

Abu Dhabi Crude to Head to Europe, Replace Russian Oil
A shipping unit of France's TotalEnergies has provisionally chartered a tanker to load Abu Dhabi crude in early May for Europe, the first such shipment in two years, according to traders and a shipping report on Monday.
Crude Oil
25-04-2022

EU Prepares ‘Smart Sanctions’ on Russia
The European Union is preparing “smart sanctions” against Russian oil imports, The Times says, citing the European Commission’s executive vice-president, Valdis Dombrovskis.
Natural Gas
25-04-2022

Austria Is 80% Dependent on Russian Natural Gas, Minister Says
Big Oil executives are reportedly dumping tens of millions of dollars worth of company shares.
LNG
25-04-2022

High LNG Prices Are Here to Stay
The global market for LNG has turned from a buyer’s market to a seller’s market.
Oil&Gas Drilling
24-04-2022

Chevron Cleared to Start up Gorgon and Jansz Feed Gas Pipeline and Wells
Australian National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has approved Chevron’s environment plan for the commissioning, start‐up and operation of the Gorgon and Jansz feed gas pipeline and wells.
Oil Field
24-04-2022

BW Energy Secures ‘Near-Perfect Fit’ FPSO to Unlock Oil From Brazilian Field
E&P company BW Energy has decided to proceed with the Maromba development project, located offshore Brazil, and signed an agreement to buy the laid-up FPSO Polvo from BW Offshore for a price tag of $50 million.
Australia
24-04-2022

Australia ‘Has Just 68 Days of Oil Reserves’
The country is nearly 91% dependent on imported oil, a public policy think tank has warned.
LNG
24-04-2022

Europe to Emerge as Asia’s Competitor in the LNG Market: Analyst
Europe could emerge as Asia’s direct competitor in the liquefied natural gas (LNG) market as it looks to import from non-Russian LNG supply amidst the war in Ukraine.
Natural Gas
23-04-2022

Germany's New Gas Storage Law - How Will It Work?
A bill to guarantee minimum gas storage levels in Germany, whose underground facilities account for a quarter of the EU bloc's total capacity, will kick in from May 1 after parliamentary approval.
Crude Oil
23-04-2022

Petroecuador Begins Meetings to Renegotiate Contracts with PetroChina
Ecuador's state-owned oil company Petroecuador has started meetings to renegotiate long-term sales oil contracts with PetroChina, a process it hopes to conclude in June with the signing of a new deal, it said on Friday.
Oil & Gas Trade
22-04-2022

French Election Could Make or Break EU Russia Oil Ban
The outcome of this weekend's French presidential election could make or break the chances of EU unanimity for a ban on Russian energy imports, with challenger Marine le Pen stating her opposition to an oil and gas embargo.
Russian Federation
22-04-2022

Exxon Could Withdraw Completely From Russia Within Two Months
U.S. supermajor ExxonMobil plans to shut down all its businesses in Russia by June 24.
Oil & Gas Supply
22-04-2022

EU Launches Nine-Point Plan to Mitigate Global Energy Crisis
Bloc calls on individuals to turn down heating, share cars and use more public transport.
Oil Price
22-04-2022

OPEC Tells IMF that Oil Price Rally Mainly Due to Geopolitics
OPEC told IMF's steering committee on Thursday that the surge in oil prices was largely due to the Ukraine crisis, in the latest signal that the producer group would not take further action to add supply.
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.

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