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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

United States
24-02-2022

U.S. Slaps Sanctions on Company Building Russia's Nord Stream 2 Pipeline
The United States on Wednesday imposed sanctions on the company in charge of building Russia's Nord Stream 2 gas pipeline.
Energy Transition
23-02-2022

Australia's APA Confident of Gas in Energy Transition
Australian energy infrastructure firm APA remains confident in the role gas plays in the energy transition as a number of the country's coal-fired power plants retire in the coming years on the increase in electricity generated from renewable sources.
Oil Price
23-02-2022

Average Gas Prices Climb for the 8th Week in a Row
Average gas prices in the U.S. have climbed for the eighth consecutive week.
Oil Price
23-02-2022

Oil Prices Could Jump by $20 if Ukraine Crisis Worsens, Warns BofA
Global oil benchmark Brent crude could rise by $5-$20 a barrel depending on the severity of the Russia-Ukraine crisis, Bank of America (BofA) Global Research said on Tuesday, adding that prices could drop by $2-$4 if tensions de-escalate.
Oil & Gas Supply
23-02-2022

The State of Play of Africa’s Deepwater Discoveries
While global demand sees an upward trend in a post-COVID-19 environment, oil and gas producing countries have been unable to maintain supply owing to a myriad of factors, of which the most prominent include production decline in mature oilfields
Natural Gas
23-02-2022

Israel to Increase Natural Gas Export to Egypt through Jordan Pipeline
Israel will begin exporting an additional 2.5 billion cubic meters of gas to Egypt this month via the Jordan pipeline.
LNG
23-02-2022

LNG Giant Australia Sees 500% Growth Prize in Emerging Asia
Australia, one of the world’s biggest exporters of liquefied natural gas, aims to target a forecast boom in demand in India and across emerging Asia as nations shun dirtier coal.
LNG
23-02-2022

China CNOOC to Add Giant New Tanks at LNG Terminal by End-2023
China National Offshore Oil Company, or CNOOC, aims to complete by the end of 2023 a project to install the world's largest storage tanks at a liquefied natural gas (LNG) receiving terminal being built in east China, it said late on Sunday.
Carbon Emissions
23-02-2022

Biden Administration Pauses Federal Oil and Gas Leases Again
Amid ongoing court battles over oil and gas leases with Republican state attorneys general, including Louisiana’s Jeff Landry, the Biden administration is once again pausing the leases.
Offshore Wind Power
23-02-2022

North Sea Decarbonisation at the Forefront of Scotland’s Leasing Round Connecting Offshore Oil & Gas with Wind
A new leasing opportunity has been unveiled in Scotland, connecting offshore oil and gas with offshore wind in a push to boost innovation and help decarbonise the North Sea in line with the country’s net-zero targets.
Oil Price
23-02-2022

India’s Fuel Appetite Seen at a Record even as Oil Nears $100
Local sales of gasoline, diesel and other fuels have started picking up after being whipsawed by several virus waves and tax-inflated pump prices in the past two years.
Oil & Gas Trade
23-02-2022

Iraq Starts Talks with Halliburton on Anbar Gas Project
Iraq has begun negotiations with the US oil major Halliburton to develop a crutch gas field in Anbar governorate, looking to increase its hydrocarbons output as oil prices rise.
Natural Gas
23-02-2022

Germany Freezes Nord Stream 2 Gas Project as Ukraine Crisis Deepens
Germany on Tuesday halted the Nord Stream 2 Baltic Sea gas pipeline project, designed to double the flow of Russian gas direct to Germany, after Russia formally recognised two breakaway regions in eastern Ukraine.Europe's most divisive energy proj
Oil Price
23-02-2022

U.S. Sanctions on Russia not Targeting Energy Markets
Actions the Biden administration took on Tuesday to punish Russia's economy over its aggression in Ukraine are not intended to hit global energy markets.
Natural Gas
22-02-2022

GECF Recognises Leading Personalities with First-Ever Awards
The Gas Exporting Countries Forum yesterday announced the recipients of the inaugural GECF Awards.
Oil Price
22-02-2022

Diesel Nearing Highest Price in a Decade
BISMARCK, N.D. (KFYR) - Fuel prices continue to rise, and that means diesel prices are up as well. While most motorists don’t use that blend of fuel, it makes a big difference to those who need it.
Oil Price
22-02-2022

Fuel Prices up for 8th Straight Week
Fuel prices will increase for eight consecutive weeks as oil firms will impose below PHP1-per liter hike starting Tuesday morning.
Oil Price
22-02-2022

Oil Rises as Russia-West Stand-off Alarms Tight Market
LONDON/HOUSTON (Reuters) -Oil prices rose on Monday over the stand-off between Russia and the West over Ukraine, adding to supply concerns that have kept oil prices near $100 a barrel.
Oil Exploration
22-02-2022

TotalEnergies Announces Major Oil Discovery Offshore Suriname
TotalEnergies and its partner APA Corporation have made significant oil and associated gas discovery offshore one of the hottest basins for major oil finds in recent years, the Guyana-Suriname Basin offshore South America.
Net Zero Emission
22-02-2022

HSBC Targets 34% Cut to Emissions from Oil and Gas Clients by 2030
HSBC aims to cut emissions associated with loans made to its oil and gas clients by 34% this decade, the bank’s sustainability chief told Reuters, marking the first time that Britain’s biggest lender has committed to such a target.
Crude Oil
22-02-2022

India Expects Fuel Demand to Grow 5.5% in the Next Fiscal Year
India's fuel demand is likely to grow 5.5% in the next fiscal year beginning April 1, initial government estimates show, reflecting a pick-up in industrial activity and mobility in Asia's third largest economy after months of stagnation.
Natural Gas
22-02-2022

Global Crunch Likely to Double Local Gas Prices
An accelerated recovery in energy demand from the covid-lows coupled with inadequate supply expansion in 2021 vaulted prices to record highs, sending shockwaves through the global economy. Domestic industries are already paying higher prices for LNG impor
Crude Oil
22-02-2022

Factbox: Asian buyers of Russian oil, gas and coal
As the Ukraine-Russia crisis intensifies, Brent crude futures have hit fresh seven-year highs as analysts warn trade sanctions may have implications for Asian countries dependent on Russia for oil, gas and coal.
LNG
22-02-2022

Shell Sees LNG Demand Climbing by 90% over Next 20 Years
Global liquefied natural gas demand is set to surge by 90 percent by 2040 compared to 2021 to exceed 700 million tons annually in two decades, as LNG and gas will continue to play an important role in energy supply, Shell said.
Crude Oil
22-02-2022

Oil Rises and Natural Gas Surges 8% as Russia Orders Troops to Ukraine
Energy prices, notably natural gas and crude, climbed sharply, amid the threat of a full-scale invasion of Ukraine by Russia.

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