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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
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.
22-02-2022
Texas Oil Refinery Workers Ratify Exxon Contract Offer, Ending Lockout
Union workers locked out of their jobs at a Texas oil refinery for nearly 10 months voted on Monday by a nearly two-thirds margin to accept an Exxon Mobil Corp (XOM.N) contract offer, a union official said.
Oil Price
21-02-2022
Oil Prices Fall on Ukraine Summit Plan, Prospect of Iran Nuclear Deal
Oil prices tumbled giving up early gains on Monday as US President Joe Biden and Russia's Vladimir Putin plan to hold a summit on the Ukraine crisis and on prospects of a nuclear deal between Iran and world powers in the next week or two.
Oil Price
21-02-2022
Gas Prices in Seoul Top 1,800 Won Per Liter
Gas prices in Seoul topped 18-hundred won per liter on Monday for the first time in 14 weeks.
Crude Oil
21-02-2022
India Move to Fill up Crude Oil Storages
Indian Strategic Petroleum Reserves Limited issues tenders to fill up the reserves at Visakhapatnam and Mangalore
Natural Gas
21-02-2022
Turkey’s Underground Gas Storage Capacity to Reach 10 Bcm in 2023
Turkey is working to increase the natural gas storage capacity at its facilities.
Oil & Gas Supply
21-02-2022
European Gas Storage Levels Survive Winter but Summer Refilling Looms
European gas storage levels have fallen less than feared after a mild winter and unprecedented deliveries of liquefied natural gas (LNG), but refilling will be a challenge this summer.
Crude Oil
21-02-2022
Global Mobility Resumes Path to Recovery After Asian COVID-19 Setbacks
Oil demand markers in most of the world’s biggest oil consuming countries recovered in the week to Feb. 14, according to mobility data, with markets emerging from the recent slowdown due to the impact of new COVID-19 related restrictions in Asia.
Natural Gas
21-02-2022
Egypt: GECF at EGYPS - Natural Gas Fuel for Sustainable Development
Natural gas will continue to play a crucial role in alleviating energy poverty, fuelling economic growth, expanding prosperity, and contributing to the protection of the environment, according to HE Eng.
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PH, China reopen oil exploration talks
