Oil

Oil Price

Oil Prices Dip After Industry Data Shows U.S. Crude Stockpiles Rising

Oil prices edged lower on Wednesday, after industry data showed U.S. crude inventories unexpectedly rose last week, signaling a potential hiccup in demand.

Natural Gas

Italy Better Prepared Than Most to Face Winter With Low Russian Gas -Minister

Italy is in a better position than other countries as winter approaches, after it clinched deals with gas producer countries in Africa and ramped up the filling…

LNG

UK’s Centrica Signs $8.5B Long-Term Deal to Import U.S. LNG

Centrica, the owner of British Gas, has signed a heads of agreement with U.S. firm Delfin Midstream to import LNG starting in 2026 from a planned floating LNG e…

Crude Oil

EIA Lowers U.S. Oil Production Forecast

The Energy Information Administration has lowered its forecast for crude oil production for this year and next, according to a new report.

Oil&Gas Drilling

Shell: UK North Sea Needs Investments in New Oil and Gas Projects

The UK North Sea oil and gas sector needs more investments in new developments as Britain will need domestic fossil fuel resources, Shell’s UK head of upstream…

Natural Gas

Germany Likely to Miss Gas Storage Target Without Additional Measures

The energy crisis could be worsened, the German gas regulator has said

Oil Price

Goldman Sees Strong Case for Higher Oil Prices Despite Negative Shocks

Goldman Sachs said the case for higher oil prices was still strong with current supply shortfalls well above its expectations in recent months, despite a recent…

Natural Gas

EU Emergency Gas Plan Can Stabilise or Even Lower Prices - German Network Chief

The head of Germany's network regulator welcomed the European Union's gas emergency plan, which came into effect on Tuesday, in comments to the ZDF broadcaster.…

CCS

Oil Major BP Drilling Appraisal Well in Texas for Carbon Sequestration

Oil major BP has begun drilling an appraisal well in Texas for its U.S. carbon capture and sequestration business, an executive said on Monday.

Gas power plant

Equinor May Postpone Closure of Norwegian Gas-Fired Power Plant

Norway-based energy major Equinor could continue to operate its natural gas-fired Mongstad power plant to support the country’s electricity supply. The company…

Crude Oil

Japan Intends to Keep Stake in Sakhalin-1 Oil Project - Industry Minister

Japan intends to keep a stake in the Sakhalin-1 oil and gas project in Russia, industry minister Koichi Hagiuda said on Monday, after Russia temporarily banned …

LNG

Shell Defers Prelude LNG Turnaround Due to Industrial Action

Shell Plc said on Monday it is deferring planned maintenance work at the Prelude floating liquefied natural gas (FLNG) facility that was due to go ahead in Sept…

Singapore

Keppel Cancels Three Contracts

Singapore’s Keppel has terminated contracts with three different clients related to orders for a jack-up drilling rig, a tender-assist rig, and a liftboat.

Natural Gas

UK Investigates Sale of National Grid’s Gas Transmission Business, Report Says

Britain has launched an investigation under new national security rules into the sale of a 60% stake in National Grid's gas transmission and metering business t…

LNG

Potential Curb on Australian LNG Exports Is Another Blow to Asia-Pacific Gas Markets

Asia-Pacific has been suffering months of tight LNG supplies and soaring prices in the region due to competition from European buyers looking to replace restric…