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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
01-04-2022

China's Guangzhou Development, Mexico Pacific Sign 2 Mil MT/Year LNG Deal
China's Guangzhou Development Group, a Guangdong provincial government-owned power and natural gas supplier, agreed March 31 to buy 2 million mt/year of LNG from Mexico Pacific LNG Markets Pte. Ltd. for a 20-year period.
Oil Price
01-04-2022

U.S. to Release 1 Million Barrels of Oil Per Day From Reserves to Help Cut Gas Prices
The Biden administration on Thursday said the U.S. will release 1 million barrels of oil per day from reserves.
Joe Biden
01-04-2022

Japan Will Act Appropriately on Oil Reserves Release
Japan will act appropriately on oil reserves release while closely watching global developments, the industry minister said on Friday, ahead of a meeting by International Energy Agency (IEA) member countries later in the day.
Natural Gas
01-04-2022

Russia Foreign Gas Buyers 'Must Pay in Roubles' Says Putin
Russian President Vladimir Putin raises the energy stakes as Germany enacts early warning level for Emergency Plan for Gas amid supply concerns.
Oil & Gas Supply
31-03-2022

Russia Appears to Be Softening Its Gas-For-Rubles Demand, Easing Supply Risks to Europe — for Now
Russia appears to have walked back demands that European companies pay for gas supplies in rubles from Thursday, temporarily alleviating the risk of supply disruptions.
Natural Gas
31-03-2022

Putin’s Isolation From Europe Could Usher in Natural Gas Opportunities for Africa
With the U.S., EU and U.K. looking to phase out Russian gas imports, Western leaders could look to liquified natural gas projects in sub-Saharan Africa to soften the landing.
Nord Stream 2
31-03-2022

Nord Stream 2 Cost $11 Billion to Build. Now, the Russia-Europe Gas Pipeline Is Unused and Abandoned
One of the early casualties of Russia’s invasion of Ukraine has been the Nord Stream 2 gas pipeline, a massive energy project that took several years to build and cost $11 billion.
OPEC
31-03-2022

Opec Mulls Removing IEA as a Secondary Source
Opec has removed Paris-based energy watchdog the IEA from the panel of "official" secondary sources that monitor the group's monthly crude production.
LNG
31-03-2022

U.S. Agrees to Ramp Up LNG Exports to Europe, Actively Reduce Natural Gas Demand
The Biden administration and the European Commission launched a multi-pronged effort that will dramatically ramp up U.S. liquefied natural gas (LNG) exports to the European Union (EU) but also reduce overall natural gas demand in the U.S. and EU.
Joe Biden
31-03-2022

Biden Will Give Remarks on Thursday on Efforts to Lower Gas Prices
President Joe Biden will give remarks on Thursday on his administration's actions to reduce gasoline prices in the United States.
South Korea
30-03-2022

South Korea to Help Stabilise Energy Market Amidst Russia-Ukraine Conflict
South Korea is committed to helping stabilise the energy market amidst the conflict between Russia and Ukraine, Trade, Industry, Energy Minister Moon Sung-wook said.
United States
30-03-2022

Shell Fires up Olympus Tie-Back in Gulf of Mexico
Oil major Shell has kicked off production from a deepwater tie-back to its Olympus production hub, unlocking further value in the U.S. Gulf of Mexico.
Oil Price
30-03-2022

Oil Rises on Supply Tightness Despite "Constructive" Ukraine-Russia Talks
Oil prices climbed on Wednesday on hopes of progress in peace talks between Russia and Ukraine and providing a fresh reminder supply remains tight as data showed U.S. crude stocks fell sharply last week.
United Kingdom
29-03-2022

Macquarie to Purchase Controlling Stake in UK Gas Grid
Australian mining company Macquarie has agreed a deal to purchase control of the UK’s gas infrastructure for £4.2bn ($5.5bn).
EU
29-03-2022

Doubling Renewables ‘Could Help Europe Halve Gas Usage by 2030’
An accelerated push for renewables could cement Europe’s efforts to halve its total gas consumption, as countries strive to enhance sustainable economic development plans amid the energy crisis.
Oil Price
29-03-2022

Bank of England: ‘Historic’ Energy Shock Bigger than Any Year in the 1970s
Bank of England Governor Andrew Bailey has warned the shock to inflated-adjusted incomes in Britain as a result of rising energy prices will be larger than any single year in the 1970s.
LNG
29-03-2022

U.S., German Officials to Meet this Week on LNG, Hydrogen Supplies
U.S. and German government officials will meet in Berlin this week with energy industry executives to discuss ways to boost Germany's energy supplies, as Russia's war in Ukraine ratchets up pressure on Europe to find alternate sources of energy.
Crude Oil
29-03-2022

Ukraine Crisis: Why India Is Buying More Russian Oil
Russia is seeking new markets for its oil exports as Western sanctions tighten - and India has been taking advantage of discounted prices to ramp up imports from the country.
OPEC
29-03-2022

Russia Will ‘Always’ Be a Part of OPEC+, UAE Energy Minister Says
The United Arab Emirates’ energy and infrastructure minister has insisted that Russia will always be a part of OPEC+ even as governments across the globe shun the oil exporter over its war in Ukraine.
28-03-2022

Will Turning down Europe’s Thermostats Ease the Gas Supply Crisis?
To counter the extremely high gas prices caused by the Russia-Ukraine crisis the IEA has proposed turning thermostats down in households to use less gas.
Crude Oil
28-03-2022

U.S. Oil Exports Surge, Drawing Crude away From Storage Hub
U.S. oil exports have climbed following Russia's invasion of Ukraine, and barrels of domestic oil that would typically go to the Cushing, Oklahoma, storage hub are instead being exported via the Gulf Coast.
LNG
28-03-2022

Latvia Mulls Options for Its Own LNG Terminal
Investors from the United States and the Middle East are among at least four groups expressing an interest in construction of a Liquefied Natural Gas (LNG) terminal in Latvia.
Crude Oil
28-03-2022

EU Steps back From Impractical Russia Oil Embargo
EU leaders have stepped back from imposing an immediate embargo on Russian crude and petroleum product imports as the impracticality of the policy has become clear.
Natural Gas
28-03-2022

Will Importers Cave into Putin’s Gas for Rubles Demand?
Russian President Vladimir Putin recently required “unfriendly” buyers of the country’s natural gas to pay in rubles, a move that could have far-reaching implications on global oil and energy supply.
United Kingdom
28-03-2022

Industry Body Says Offshore Fields Can Support 40% of UK’s Gas Consumption
The UK’s offshore fields can support around 40% of the country’s gas consumption and two-thirds of its oil consumption over the next two years.

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