Oil

Oil&Gas Drilling

‘New North Sea Oil and Gas Projects at Odds with UK Climate Goals’

New oil and gas fields cannot alleviate the financial pressure caused by rising energy bills, according to a report

Natural Gas

Shell Warns Weak Earnings From Gas Trading Could Impact Profits

Shell warned that third-quarter profits would be dented after it weathered a sharp rise in refining costs and weaker earnings from natural gas trading.

India

India's Fuel Demand Slips to 10-Month Low in September

India's monthly fuel demand in September was at the lowest since November 2021, government data released on Friday showed.

Crude Oil

U.S. Sells Oil from Emergency Reserve to Marathon, Equinor, Others

The United States has sold a 10.15 million barrel batch of oil from the Strategic Petroleum Reserve to eight companies, the Department of Energy said on Friday.…

Coal-Fired Power Plants

Ørsted Ordered to Restart Oil- and Coal-Fired Power Plants amid Supply Crunch

Danish authorities have ordered Ørsted to continue and resume operations of three of its oil- and coal-fired power station units in order to ensure security of…

Natural Gas

Natural Gas Markets to Remain Tight in 2023 as Russia Cuts Supply, IEA Says

Global gas consumption will decline by nearly 1% in 2022

OPEC

Opec+ to Hold In-Person Meeting Next Week in Vienna

This will be the first in-person ministerial meeting since March 2020, the group says

Natural Gas

Fourth Gas Leak at Nord Stream Found

Authority supervising the Swedish coastline has confirmed its findings while the US reaffirmed its support to its European allies

Natural Gas

OPEC+ Has Begun Talks on Output Cut at Oct. 5 Meeting

Leading OPEC+ members have begun discussions about an oil output cut at the group's next meeting on Oct. 5, three sources told Reuters.

Natural Gas

German Gas Price Brake to Cost Between 15 Bln and 24 Bln Euros

A brake on gas prices currently being discussed by the German government could cost between 15 billion and 24 billion euros, depending on market price developme…

Oil Giant Shell Snaps up African Solar Provider Daystar Power

Oil giant Royal Dutch Shell will purchase African solar provider Daystar Power as it expands its global renewables portfolio, the companies said on Wednesday.

Oil Pipeline

Canada’s Enbridge to Sell Oil Pipelines Stake to Indigenous Groups for C$1.12 Bln

Canada's Enbridge Inc will sell a C$1.12 billion minority stake in seven Alberta oil pipelines to a group of Indigenous communities, in North America's largest …

Carbon Emissions

France’s Totalenergies Plans to Spin off Canadian Oil Sands Assets

TotalEnergies said on Wednesday it is looking to spin off its Canadian oil sands operations and list the new company on the Toronto Stock Exchange, as the asset…

Natural Gas

If the World Needs Gas, We’ll Provide, UAE Says

The country is still looking to boost renewables but will supply fossil fuels when asked.

Gas Turbine

Boost for Mitsubishi Power Ammonia Gas Turbines in Singapore, Indonesia

MHI announced it is partnering with another Singapore industrial heavyweight to explore the feasibility of an ammonia-fired gas turbine in the same region.