Oil

Natural Gas

Italian State Bodies to Approve New LNG Terminal - Commissioner

Italian state bodies, including the influential National Health Institute, are expected to give a positive opinion, albeit conditional, on setting up a new term…

Natural Gas

Five EU Countries Propose Two Options to Cap Gas Prices

Greece and four other EU countries on Thursday made a joint request to the European Commission to explore two options to cap soaring gas prices and propose poss…

Natural Gas

France Sends Germany Natural Gas to Ease Its Energy Crisis

On Thursday, France started sending natural gas directly to Germany in an attempt to alleviate the energy crisis in Europe’s biggest economy.

Natural Gas

CEO Says Gazprom May Need to Replace Big Part of Nord Stream -TASS

Gazprom CEO Alexei Miller told Russia's State TV Channel One on Thursday that a big section of the damaged Nord Stream pipelines might need to be replaced, TASS…

Natural Gas

Germany's Natural Gas Storage Facilities Pass 95% November Target

Germany's natural gas storage facilities passed the 95% target for November three weeks ahead of schedule on Thursday.

Hydrogen Production

Scotland’s Offshore Hydrogen Production and Storage Awarded £2m

The funding will support the HOP2 project, which aims to demonstrate the feasibility of storing hydrogen in repurposed oil and gas assets.

Natural Gas

EU Leaders May Back New Gas Price Benchmark, Document Shows

European Union country leaders may support plans to launch a new gas price benchmark at a meeting next week, as they seek to curb energy prices for consumers an…

Crude Oil

Saudi Arabia, United States Clash Over Reason for OPEC+ Oil Cut

Saudi Arabia rejected as "not based on facts" criticism of an OPEC+ decision last week to cut its oil production target despite U.S. objections.

Crude Oil

Oil Slides as U.S. Crude and Gasoline Stocks Surge

Oil prices slipped in early Asian trade on Friday as U.S. crude and gasoline inventories jumped, while Saudi Arabia and Washington continued to clash over plans…

Crude Oil

ADNOC Drilling Contract as UAE Steps up Oil & Gas Production

ADNOC Offshore awards US$980m contract for the hire of two jack-up offshore rigs and associated manpower and equipment.

Oil Pipeline

Shell Investigates in Nigeria After Report of Nine-Year Oil Theft

Oil major Shell's Nigerian subsidiary is investigating reports that an illegal oil tap ran for nine years on a pipeline it operates, a spokesperson said on Wedn…

United States

U.S. Will Use SPR Barrels Responsibly Where It Makes Sense to Stabilize Markets -Official

The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020. REUTERS/Adre…

United States

U.S. Oil Patch M&A in Q3 Tops $16 Bln, the Most This Year

Mergers and acquisitions in the U.S. oil patch accelerated to $16 billion in the third quarter, the most this year, although the nine-month total trails the yea…

Natural Gas

Russia Could Deliver Gas via Nord Stream 1, but Not Nord Stream 2 - Germany

Germany will not take Russian gas via the Nord Stream 2 pipeline, a government spokesperson said on Wednesday after Russian President Vladimir Putin offered to …

LNG

Chevron Sees LNG Growth Opportunity in Europe on Strong Demand- Top Executive

U.S. oil major Chevron Corp expects high European prices for liquefied natural gas (LNG) to attract a majority of U.S. LNG exports in the short term, a top exec…