Oil

Oil Price

Biden’s Trip to Saudi Arabia Won’t Solve the Oil Market’s Problems

Some observers expressed hope that a trip by President Biden to Saudi Arabia could spark more production and bring prices down.

Oil & Gas Supply

Can Africa Offer an Alternative to Russian Gas?

Nigeria has an estimated 200 trillion cubic feet of gas, enough to make it a potential supplier to regions such as Europe

LNG

Qatar Picks Exxon, Total, Shell, Conoco for Mega-LNG Expansion

Qatar has picked Exxon Mobil Corp , TotalEnergies SE, Royal Dutch Shell and ConocoPhillips as partners in the expansion of the world's largest liquefied natural…

LNG

Shell to Work With Japanese Customers on Decarbonising LNG Value Chain

Shell, Tokyo Gas, and Osaka Gas sign two MOUs to explore decarbonisation opportunities

CNPC

Chinese Giant Signs Deal for Brazil Pre-salt Oil Transshipment Operations

PetroChina to use Acu port facility for logistics operations

LNG

Chesapeake Energy Aims to Expand Push Into LNG With Market Adviser

Shale gas producer Chesapeake Energy plans to hire a liquefied natural gas (LNG) adviser, according to a job listing, as it seeks to expand into the fast-growin…

OPEC

OPEC+ Output Increase Wins It Credit but a Realignment Awaits Beyond August

Modest nature of tweak indicative of mounting challenges for Saudi Arabia and Russia led group including limited ability to raise production

LNG

Shell Eastern Petroleum Signs MoUs With Japan LNG Buyers

Agreement between Shell Eastern Petroleum, Tokyo Gas and Osaka Gas aims to accelerate decarbonisation across respective production value chains.

Natural Gas

EU, Egypt Near Gas Supply Deal in Shift Away From Russia

The European Union and Egypt are set to sign a deal later this month on supplying the bloc with gas as the bloc seeks to slash its dependence on Russian supplie…

Oil & Gas Supply

Gazprom Cuts off Gas Supplies to Shell Energy

Shell has committed to working to keep gas flowing to its customers.

Crude Oil

Oil Jumps After Saudi Arabia Hikes Crude Prices

Oil prices rose more than $2 in early trade on Monday after Saudi Arabia raised prices sharply for its crude sales in July.

Crude Oil

BW Offshore Sells Producing FPSO

Indonesian consortium takes charge of floater deployed on the Terang Sirasun Batur project

Crude Oil

Oman’s New Oil Discoveries to Increase Output by up to 100,000 Barrels

Production is expected to rise over the next two to three years

Oil & Gas Supply

Germany Faces 5 Billion Euros a Year Hit From Russian Gas Sanctions, Welt Am Sonntag Reports

Russia's sanctions against Gazprom Germania and its subsidiaries could cost German taxpayers and gas users an extra 5 billion euros ($5.4 billion) a year to pay…

Crude Oil

France in Talks With UAE To Replace Russian Oil Supplies

France is in talks with the United Arab Emirates to replace Russian oil purchases.