Oil

Natural Gas

Azerbaijan Needs Investment in Order to Boost European Gas Flows

Azerbaijan will need investment and long-term purchase commitments if it is to double its natural gas supply to the European Union.

Natural Gas

Why Overly Confident U.S. Drillers Ditched Their Hedges

Some Big Oil companies are so confident that high oil prices are here to stay that they have completely ditched their hedges.

Energy Transition

British Energy Giant Bp to Buy Biogas Producer Archaea in $4.1bn Deal

Archaea Energy operates 50 renewable natural gas and landfill gas-to-energy facilities across the US, producing around 6,000 barrels of oil equivalent a day of …

Crude Oil

North America Leads $370 Billion Global Push for Oil & Gas Pipelines

Westwood’s upcoming onshore pipeline market forecast has revealed that between 2022 and 2028, the world will spend almost $370 billion on new oil and gas pipel…

Oil Price

BP Looking at Billions in Buybacks for Q4

British oil and gas supermajor BP Plc. has announced plans to buy back $2.5 billion in shares after an impressive third quarter.

Natural Gas

Chesapeake Points to Rising Costs in Fastest-Growing U.S. Gas Field

Chesapeake Energy on Wednesday said inflation in the fastest growing U.S. shale gas region could surpass 15% next year, a sign that soaring costs for energy pro…

Oil Refinery

French Refineries Restart After Strike Action

Around 45% of France’s oil refining capacity remains offline following strike action last month, but supply is set to improve as one major refinery is back on …

Natural Gas

Nord Stream 1 Operator Says It Found Craters at Damaged Pipeline Site

The Swiss-based operator of Russia-led Nord Stream 1 gas pipeline said on Wednesday it had completed initial data gathering at location of the pipeline damage o…

OPEC

OPEC Oil Output Falls by 20,000 Bpd in October -Reuters Survey

The following table shows crude output by the Organization of the Petroleum Exporting Countries (OPEC) in millions of barrels per day (bpd) in October and Septe…

Oil&Gas Drilling

ADNOC Awards Record US$4bn in Framework Agreements for IDFS

In a positive move for lower energy cost & low carbon intensive production, contracts have been awarded to ADNOC Drilling, SLB and Halliburton.

LNG

Mitsubishi Power Partners With Damietta LNG to Enhance Power Supply Reliability and Availability

Mitsubishi Power has signed a long-term service agreement (LTSA) with Egyptian liquefied natural gas (LNG) producer Damietta LNG.

Crude Oil

Oil Shortage Forecasts Clash With Grim Economic Projections

Oil markets can’t seem to choose which direction to head.

Natural Gas

Bp Doubles Profits From Oil and Gas Prices

From July to September the company made $8.2bn

OPEC

OPEC+ 'Only a Phone Call Away' if Markets Need Balancing - UAE Minister

The United Arab Emirates' energy minister said on Monday that OPEC+ was always willing to balance crude oil markets if needed, and that if consumers require its…

Crude Oil

World Set to Lose 5 Million Barrels of Oil per Day if Investment Stops

The world will lose 5 million barrels per day of oil each year from current supplies if spending comes to a halt, Dr Sultan Al Jaber, managing director and grou…