Oil

Natural Gas

Exxon and Shell Look To Sell $1.5 Billion Natural Gas Venture

Supermajors ExxonMobil and Shell are looking to sell their 50/50 NAM natural gas producing joint venture in the Netherlands in a potential sale worth up to $1.5…

Natural Gas

French Urged to Cut Energy Use by 10%

Saving energy could help France avoid rolling blackouts and energy rationing this winter, the French President has said

Crude Oil

Norwegian Energy Giant Equinor Completes Russia Exit

It has exited from four joint ventures with state-owned Rosneft as well as the Kharyaga oilfield project

LNG

South Korea-Oman Energy Supply Chain Critical Amidst Rise in LNG Prices

South Korea’s Trade, Industry, and Energy Minister Lee Chang-Yang, and Oman’s Energy and Minerals Minister Salim bin Nasser Al Aufi discussed bilateral energy…

Natural Gas

France Has Filled Up Its Strategic Gas Reserves Ahead of Winter - Minister

France is well prepared to get through this winter despite the energy crisis stemming from the war in Ukraine as it has now filled its strategic gas reserves at…

Natural Gas

Siemens Energy: Don’t Understand Gazprom View on Nord Stream 1

Siemens Energy said on Tuesday it does not comprehend Gazprom's presentation of the situation with the Nord Stream 1 pipeline

Natural Gas

Shell Greenlights Malaysian Giant Offshore Gas Project

Production start-up for Sarawak scheme is expected in 2026

Natural Gas

Macron: France, Germany to Provide Each Other With Gas, Electricity, to Weather Crisis

France will send gas to Germany if needed while Germany stands ready to provide it with electricity, President Emmanuel Macron said on Monday.

Russian Federation

Enel CEO Awaits Word on Sale of Russian Unit to Lukoil

Italian utility Enel has no indication on when it can close the sale of its Russian unit, CEO Francesco Starace said on Saturday, adding prospective buyer Lukoi…

Oil Price

Will Germany Introduce a Windfall Tax on Energy Firms?

As rising energy prices and a new gas levy in Germany are expected to triple fuel bills for consumers from autumn, pressure is mounting on the government to int…

Natural Gas

EU Mulls Energy Price Cap for Certain Generators - Document

The European Commission’s upcoming proposals to tackle surging energy prices should include a price cap for certain power generators that do not run on gas.

Natural Gas

European Intervention Sees Gas Prices Drop

The EU is looking to separate gas and electricity prices to protect consumers.

ADIPEC 2022

As the world’s most influential gathering for energy industry professionals, ADIPEC 2022, hosted by the Abu Dhabi National Oil Company (ADNOC), will accelerate…

LNG

LNG Investments to Reach $42B Annually in 2024: Report

This is 20 times the investments seen in 2020 which amounted to $2b.

Crude Oil

Crude in U.S. Emergency Reserve Falls to Lowest Since Dec. 1984

Crude inventory in the U.S. emergency reserves fell by 3.1 million barrels in the week to Aug. 26, according to data from the Department of Energy.