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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Oil & Gas Supply
10-03-2022
European Oil and Gas Majors’ Exposure to Russia Is Limited
European oil and gas major’s planned exit from Russia or curtailed operations in the country will have a limited impact on their credit metrics, Fitch Ratings says.
Oil & Gas Supply
10-03-2022
OPEC Chief Warns of Global Oil Shortage Due to Sanctions on Russia
The head of the Organization of Petroleum Exporting Countries (OPEC) warned Tuesday that the world cannot replace Russia's share of oil exports, calling for energy depoliticization.
Crude Oil
10-03-2022
Tullow Oil Sees Ghana Offshore Fields Production at 150,000 Boe/d by 2025
West Africa-focused Tullow Oil's chief executive TLW.L said on Wednesday its Jubilee offshore oilfield in Ghana could produce 100,000 barrels of oil equivalent per day (boe/d) and the TEN field 50,000 boe/d by 2025 under current spending plans.
Oil Price
10-03-2022
UAE, Saudi Arabia Decline Talks with Biden amid Oil Price Surge
Crown Prince Mohammed bin Salman of Saudi Arabia and Sheikh Mohammed bin Zayed declined requests for direct communication with President Biden in recent weeks.
Oil Price
10-03-2022
Sinopec Keeps Refinery Operations 'Fairly High' to Ensure Fuel Supply
China's Sinopec is running its refineries at "fairly high" operational rates, the firm said, seeking to ensure steady fuel supply in the country amid tight global crude and products flows in the wake of Russia's invasion of Ukraine.
Crude Oil
10-03-2022
India's February Fuel Demand Rises 5.4% Year-on-Year
India's fuel demand rose 5.4% in February, compared with the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
Oil Price
10-03-2022
Price Hikes Won't Hit Petrol Demand
The domestic retail rates of petrol and diesel have remained unaltered since the beginning of November. Oil marketing companies are widely expected to raise prices now since the state elections, a key hurdle to price revision, have concluded.
Oil Price
10-03-2022
Asian Shares Surge as Russia-Ukraine Talks Buoy Sentiment
Asian shares surged on Thursday, tracking Wall Street's gains as planned diplomatic talks between Russia and Ukraine buoyed sentiment, although analysts warned the rally could be susceptible to a sharp reversal as risks remain.
Natural Gas
10-03-2022
Gas Prices Reach New High in N.S., Costs Skyrocket in Atlantic Canada
The price of gas has reached a new high in Nova Scotia for the third time in a week, rising another 10.9 cents overnight.
Crude Oil
10-03-2022
India's Fuel Demand Rises 5.4% in February
India's fuel demand rose 5.4% in February, compared with the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.
Natural Gas
10-03-2022
Demand for Natural Gas on Australia's East Coast Falls
The uptake in renewable energy could see gas demand from Australia’s East Coast decline by around 60% by 2050, depending on the pace of the energy transition, said advisory firm Wood Makenzie (Woodmac) this week.
Crude Oil
10-03-2022
US Shale Investors Worry over Impact of Output Jump
US shale oil investors are concerned that quickly ramping up production to capture soaring crude prices could upset confidence in the steady growth business model.
Crude Oil
10-03-2022
EU Leaders Tackle Escape Route From Russian Fossil Fuels
European Union leaders will tackle ways to wean themselves off Russian fossil fuels on Thursday and debate how quickly to ditch their key supplier.
LNG
09-03-2022
Germany to Build Its Own LNG Terminal
European Union’s sanctions may be pounding hard on the Russian economy, its energy reliance cannot be dismissed. This incidentally also explains the sanctions that exempt oil and gas. However, Germany is taking steps to change its course.
Natural Gas
09-03-2022
Russian Gas Continues to Flow into Europe on Main Pipeline Routes
Russian gas delivered through pipelines continued to flow via Poland westward into Germany while flows into Slovakia via Ukraine remained at recent high levels following Russia’s threats to cut supplies.
09-03-2022
World’s most Advanced Oil Rig Commissioned at ONGC Well in Bhimavaram
As the energy prices soar, the advanced rigs are very crucial for the Indian energy sector to drill oil and gas wells faster to increase the production for domestic use.
Crude Oil
09-03-2022
Africa: Nigeria to Maintain Top Positions As Africa's Biggest Oil Producer, Production to Peak in 2023 - Report
Nigeria will retain its number one position as Africa's biggest oil producer as well as maintain the top three gas suppliers on the continent between 2022 and 2025, the African Energy Chamber (AEC), has stated.
Oil Exploration
09-03-2022
Opportunities Still Exist in Kenya’s Oil, Gas Sector
Last week Kenya announced for sale 35 oil and gas exploration blocks mostly in the natural gas prone coastal Lamu Basin. This is an indication of revived upstream focus by Kenya after nearly seven years of exploration inactivity.
Crude Oil
09-03-2022
UK to Phase out Russian Oil Imports by End of 2022
The UK Government has announced plans to phase out oil imports from Russia by the end of 2022 in response to Vladimir Putin’s illegal invasion of Ukraine.
Oil Exploration
09-03-2022
Oil and Gas Exploration is on The Rise In Africa
Increasing exploration activities in 2022 and onwards is a top priority for African hydrocarbon producers as they seek to expand production and establish the continent as an energy hub.
Oil & Gas Supply
09-03-2022
With Oil Market in Turmoil, Energy Execs Urge more Output, Security
Oil-and-gas leaders advocated at an industry conference on Monday for increased security of energy supply and more fossil fuel production, while the U.S. climate envoy urged development of renewable energy as oil prices soared following Russia’s invasion
09-03-2022
Whiting Petroleum and Oasis Petroleum Sign $6bn Merger Deal
US-based shale producer Whiting Petroleum signed a merger deal with Oasis Petroleum to create a new enterprise, valued at approximately $6bn.
Oil Price
09-03-2022
Crude Oil Jumps as much as 7% on U.S. Ban of Russian Imports, but Trades off Session Highs
Oil prices jumped to their highs of the session Tuesday as President Joe Biden announced a ban on Russian fossil imports including oil in response to the country’s invasion of Ukraine.
Oil Price
09-03-2022
Ukraine Speeds Global Rush to Self-Sufficiency
Brexit, trade wars between the United States and China, and Covid-19 have dealt successive knocks to globalisation, and the war in Ukraine is doing fresh damage.
Natural Gas
09-03-2022
Fixing Wind, Solar Permitting in EU to Help Reduce Russian Gas Imports
Speeding up wind and solar permitting, diversifying gas supplies and making the most of existing low-carbon energy sources are important steps to reduce the EU’s imports of Russian gas by more than a third within a year.
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Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
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