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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Oil Price
25-02-2022
Oil Hovering Around $100 may Give a Crude Shock to Inflation, CAD, GDP
Brent crude oil crossed $100 a barrel on Thursday for the first time since 2014 prompted by the Russia-Ukraine conflict.
Natural Gas
25-02-2022
Why Europe Is So Dependent on Russia for Natural Gas
Europeans have been suffering under painfully high energy prices in the lead-up to Russia launching an attack on Ukraine on Thursday morning.
Oil Price
25-02-2022
Oil Tops $105/bbl After Russia Attacks Ukraine
Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014 before easing, after Russia's attack on Ukraine exacerbated concerns about disruptions to global energy supply.
Nord Stream 2
25-02-2022
Biden Unveils Sanctions on Russian Businesses After 'Premeditated' Ukraine Attack
President Joe Biden hit Russia with a wave of sanctions on Thursday after Moscow invaded Ukraine, measures that impede Russia's ability to do business in major currencies along with sanctions against banks and state-owned enterprises.
China
24-02-2022
China's Major Shale Gas Field Adds 19 New Wells
The Fuling shale gas field in southwest China's Chongqing Municipality has put 19 new wells into operation this year, increasing the daily gas output by 1.06 million cubic meters, said its developer Sinopec, China's largest oil refiner.
Oil Price
24-02-2022
Japan, Australia Monitoring Oil Market for Impact from Ukraine Conflict
Japan and Australia said on Thursday they were closely watching oil prices for any impact from hostilities in Ukraine, with Australia saying it was prepared to tap its oil stockpile held in the United States if global supplies are hit.
United Kingdom
24-02-2022
UK Advisers Urge Tougher Climate Tests on New Oil and Gas Projects
Ending new UK oil and gas production is credible and would send a clear signal to the world that the country is serious about meeting global temperature goals, according to the UK government’s climate advisers.
Natural Gas
24-02-2022
The US and Germany Have Now Both Targeted Nord Stream 2 to Punish Russia. Here's Why the Pipeline Is So Important
In the wake of Germany suspending the Nord Stream 2 project, the United States has now imposed sanctions on the company in charge of the natural gas pipeline.
Oil Price
24-02-2022
Stocks Dive, Oil Surges as Russia Invades Ukraine
Global stocks and U.S. bond yields dived on Thursday, while the dollar, gold and oil prices rocketed higher as Russian troops landed in Ukrainian cities on the Black Sea and Ukraine said Moscow had launched a full-scale invasion.
Oil & Gas Supply
24-02-2022
Greece Lines up Additional Gas Supplies as Ukraine Tensions Rise
Greece has lined up additional supplies of pipeline gas and liquefied natural gas (LNG) should existing plans be disrupted by the Ukraine crisis, a government spokesperson said on Wednesday.
Crude Oil
24-02-2022
Sinochem Completes China’s First Blockchain Warehouse Receipt Pledge for Crude Oil
Sinochem, China’s fourth-largest state-controlled oil company, has carried out the country’s first digital warehouse receipt pledge for crude oil, using 66 Cloud Chain.
Natural Gas
24-02-2022
Serbia to Sign Long-Term Gas Contract with Russia
Belgrade, Feb 23 (Prensa Latina) Serbiagaz CEO Dusan Bajatovic said that his country plans to start negotiations with Russia's Gazprom on a new 10-year gas contract.
Natural Gas
24-02-2022
Natural Gas Production Rises 12% In January
Natural gas production in India rose by 12.17 per cent to 2,861.09 million metric standard cubic meters in January 2022
Oil Price
24-02-2022
Natural Gas Prices Hit Record High In China
Natural gas prices in China have gained as much as 80 percent over the last month to reach a record high amid freezing weather and tight supply.
Oil Price
24-02-2022
Oil Rises as Ukraine Issues State of Emergency, Suffers Cyber Attacks
Oil prices reversed earlier losses on Wednesday, rising on reports that Ukraine’s government, foreign ministry and state security service were affected by a cyberattack.
Oil Price
24-02-2022
Oil Price Set to Test Fresh Peaks Barring Iran Breakthrough
Efforts by governments to drive an economic rebound are likely to add strain to tight oil supplies and could send prices to fresh peaks.
LNG
24-02-2022
Pakistan to Penalise Defaulting LNG Supplier
Pakistan LNG Limited (PLL) has made up its mind to impose a monetary penalty on Italy based LNG term supplier ENI, which is the 30 percent of the term cargo.
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.
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