Oil

Oil Price

U.S., European Thirst for Fuel Sends Physical Oil Prices Soaring

​Sky-high refining margins for diesel and gasoline in Europe and the United States, driven by a cutoff in Russian supply, has sent prices for some types of phy…

Oil&Gas Drilling

Aussie Giant Gas Probe Under Way

Australian independent Western Gas has spudded one of the nation’s most keenly anticipated offshore wildcats of 2022.

Russian Federation

Russia's Gazprom Continues Shipping Gas to Europe via Ukraine

The logo of Gazprom company is seen on the facade of a business centre in Saint Petersburg, Russia March 31, 2022. REUTERS/Reuters photographer/File PhotoRussia…

Oil&Gas Drilling

Shell, BP Strike US Gulf Deal Ahead of Planned Drilling

Shell and BP have finalized an exchange of acreage in the deepwater Gulf of Mexico ahead of planned drilling in the greater Mars Basin, one of the region’s mos…

Oil Price

UK Imposes 25% Energy Windfall Tax to Help Households as Bills Surge

Britain announced a 25% windfall tax on oil and gas producers' profits on Thursday, alongside a 15 billion pound ($18.9 billion) package of support for househol…

Coal-Fired Power Plants

“Options Open” for Keeping UK Coal Plants at Normal Capacity This Winter

Energy Minister has said his first priority in the coming winters is to “maintain levels of investment” in the North Sea oil and gas

Crude Oil

US to Sell Up to 40.1M Oil Barrels From Emergency Stockpile

The Department of Energy must receive bids for this notice of sale no later than 10.00am Central Time on 1st June 2022.

Crude Oil

Davos 2022: Crude at $110 per Barrel Is ‘Not Sustainable’, Indian Energy Minister Says

India is speeding up its plan to blend ethanol with petrol to help cut down crude imports in the long term

Russian Federation

Russia and Iran Discuss Swapping Supplies for Oil and Gas, Goods Logistics

Russia and Iran have discussed swapping supplies for oil and gas as well as setting up a logistics hub.

Natural Gas

British Regulator Poised to Approve Shell North Sea Gas Project

A British regulator is expected to approve in the coming days a revised plan by Shell to develop a North Sea gas field, which had been initially rejected on env…

Saudi Aramco Shows Interest in Buying Valvoline’s Commercial Unit

Oil giant Saudi Aramco has approached motor oil and lubricant maker Valvoline Inc to buy its segment that caters to commercial customers, sources familiar with …

Geothermal Power Plant

New Geothermal Research Alliance Established in Greece

Greece's largest research center and a Greek oil and gas services firm agree to collaborate on researching geothermal energy aspects in Greece.

United Kingdom

UK Energy Price Cap Expected to Rise by 42% In October

Billpayers in the UK have seen the energy tariffs rise faster than ever before.

Natural Gas

Burning Gas to Produce Electricity Is ‘Stupid,’ the CEO of Power Giant Enel Says

In Francesco Starace’s opinion, change is coming to Europe, where the EU has said it wants to be carbon neutral by 2050.

Gas Turbine

GE Plans Gas Turbine Upgrade at Al Taweelah Power Plant in the UAE

UAE-based aluminium producer Emirates Global Aluminium (EGA) has signed an agreement with GE Gas Power to upgrade four existing gas turbines at EGA’s Al Taweel…