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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Natural Gas
28-02-2022
Germany Plan to Construct Two Liquefied Natural Gas Terminals
Germany will construct two liquefied natural gas (LNG) terminals, German Chancellor Olaf Scholz said on Sunday, pledging to do more to protect Germany’s energy supply and as it looks to reduce its Russian gas dependence.
LNG
28-02-2022
U.S. Gas Advances as Russia Sanctions May Boost Demand for LNG
U.S. natural gas futures advanced on the prospect of higher overseas demand after Western nations imposed tighter sanctions to isolate Russia, one of the world’s top energy suppliers.
Nord Stream 2
28-02-2022
Germany's E.ON Rejects Halting Nord Stream 1 Pipeline
E.ON, Europe's largest operator of energy networks, rejected demands to shut down the Nord Stream 1 gas pipeline as part of sanctions against Russia for invading Ukraine, the company told Rheinische Post newspaper on Monday.
Oil & Gas Supply
28-02-2022
IOC to Ramp up LPG Output in NE by 53% to 8 Crore Cylinders by 2030
The oil major plans to add three new plants in the Northeast.
Natural Gas
28-02-2022
Saudi Arabia Discovers Natural Gas in Different Locations
Saudi Aramco, the world’s largest oil-exporting company, has discovered a number of new natural gas fields in different regions of the country, according to the state-run Saudi Press Agency (SPA).
Crude Oil
28-02-2022
India may Draw on Oil Reserves to Soften Prices as Ukraine's Invasion Disrupts Global Supplies
India may tap its emergency oil stockpile to cool off prices that have surged on concerns that Russia's invasion of Ukraine will disrupt global supplies.
LNG
28-02-2022
Nuclear, Coal, LNG: ‘No Taboos’ in Germany’s Energy About-Face
Germany signalled a U-turn in key energy policies on Sunday, floating the possibility of extending the life-spans of coal and even nuclear plants to cut dependency on Russian gas, part of a broad political rethink following Moscow’s invasion of Ukraine.
Oil Price
28-02-2022
Oil Surges on Russia Nuclear Alert as Sanctions Intensify
Oil prices jumped more than $7 in early trade on Monday after Russian President Vladimir Putin put the country's nuclear deterrent on high alert in the face of Western nations and Japan stepping up sanctions against Russian banks.
27-02-2022
OPEC+ Trims Forecast for 2022 Oil Market Surplus in Latest Data
OPEC+ revised down its forecast for the 2022 oil market surplus by about 200,000 barrels per day (bpd) to 1.1 million bpd, according to a base scenario in a technical committee report seen by Reuters on Sunday.
Oil Price
27-02-2022
Oil Prices to Remain Volatile as Russia-Ukraine Crisis Intensifies
Oil prices receded to below $100 a barrel at the end of trading on Friday after breaching the psychological level to reach prices not seen since 2014.
Natural Gas
26-02-2022
Germany Halts Gas Pipeline, Predicts Russia Will Lose Other Energy Customers over Ukraine
Germany’s vice chancellor said Thursday that Russia’s attack on Ukraine is “completely illogical” and will backfire, causing western nations to stop buying Russian coal, oil and gas.
United Kingdom
26-02-2022
Shell Faces U.K. Showdown Over Impact of ‘Cataclysmic’ Oil Spill
A group of Nigerians want a trial against Royal Dutch Shell Plc in the U.K. for what they allege was a “cataclysmic” oil spill that wreaked havoc on their communities years later.
Oil Exploration
25-02-2022
Namibia: TotalEnergies Makes Significant Discovery In Offshore Block 2913B
TotalEnergies said Thursday it has made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia.
Oil Exploration
25-02-2022
Second Oil Discovery “on Trend” to Pancontinental Energy’s (ASX:PCL) PEL 87 License Area
TotalEnergies makes an oil discovery “on trend” from Pancontinental Energy’s (PCL) 75 per cent owned PEL 87 area in offshore Namibia
Oil & Gas Trade
25-02-2022
Sri Lanka Needs US$1,285mn for Three Months of Oil, US$500mn from India: Minister
Sri Lanka needs 1,285 million US dollar for oil imports in the next three months, of which 500 million will come from an Indian credit line, Energy Minister Udaya Gammanpila said, as the country grappled with forex shortages and global prices went up.
Crude Oil
25-02-2022
After Shell, TotalEnergies Also Strikes Oil in Namibia Well with ‘Very Promising Results’
Following Shell’s recent oil discovery in Namibia, French oil major TotalEnergies has also made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia.
LNG
25-02-2022
Germany to Create Strategic Coal and Gas Reserves
As Russia launched its attack on Ukraine, Europeans relived scenes from another time. Germany will now enact laws to ensure strategic energy reserves to cut down on German energy dependence on Russia.
Nord Stream 2
25-02-2022
Russia-Ukraine Crisis: Germany Suspends Nord Stream 2
German Chancellor Olaf Scholz has suspended the certification of Nord Stream 2, the gas pipeline for importing gas from Russia, already built and waiting for approval for the taps to be turned on.
Nord Stream 2
25-02-2022
US Sanctions Company Behind €9.5bn Nord Stream 2 Pipeline
The sanction, which is in response to Russia’s actions in Ukraine, targets Nord Stream 2 AG and its CEO.
Crude Oil
25-02-2022
Russian Crude Trades at Record Low Versus Brent on Sanctions Fears
Russian Urals crude oil differentials in Northwest Europe have slumped to record lows this week as threats of further sanctions and potential credit issues kept buyers out of the market.
Oil & Gas Supply
25-02-2022
Japan Willing to Release Oil Reserves
Japanese government officials have indicated a willingness to join other countries in releasing oil reserves.
Natural Gas
25-02-2022
Adnoc LNG Says Natural Gas Must Remain a Key Player in Global Energy Transition
Liquefied natural gas must remain a key player in the global energy transition to ensure energy supply continues to meet demand in a secure, sustainable and reliable way, said Fatema Al Nuaimi, chief executive of Adnoc LNG.
Oil Price
25-02-2022
Oil at $103: No Fears of Supply Disruption to India, Prices a Concern
International oil prices surged to over a seven-year high of USD 103 a barrel on Thursday after Russia attacked Ukraine, but supply lines to India remain unaffected, a top government official said exuding confidence of uninterrupted fuel supplies even if
Oil Price
25-02-2022
Russia-Ukraine Crisis Highlights Need for 'Energy Independence' in PH
The conflict between Ukraine and Russia, which has a direct impact on global oil prices, highlighted the importance of developing more energy sources in the country, a stakeholder said Thursday.
Oil Price
25-02-2022
Prolonged Ukraine Crisis, High Crude Prices may Push India's Import Bill up by 15 Per Cent: Experts
The surge in Brent oil to USD 105 a barrel for the first time since 2014 driven by the escalation of the Ukraine crisis has triggered fears of a disruption to the region's critical energy exports with consequences for India.
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