Oil

Energy Transition

Circular Economies: A Pathway to the Green New World

Amidst a global energy transition, the financial and social outlook of oil and gas companies is undergoing an extraordinary transformation. One of the key metho…

Crude Oil

China's Shenghong Resumes Crude Buying Ahead of Refinery Commissioning

China's private refining complex Shenghong Petrochemical has resumed crude oil purchases ahead of the commissioning of its new refinery, sources with knowledge …

Natural Gas

Mozambique’s First Offshore Natural Gas Extraction Project is Underway

Sarens has announced its involvement in a natural gas extraction project in Mozambique which, once inaugurated in mid-2022, will be one of the largest in the wo…

Energy Transition

Insurance Giant Allianz Sets Oil and Gas Exit Strategy

The world’s fifth-largest insurance company, Allianz, is withdrawing coverage and investment dollars from a wide swath of fossil fuel projects as of next year.…

Oil Field

Norway’s Equinor Sells Shares in Two North Sea Fields for over $1 Billion

Norwegian state-owned giant Equinor and its compatriot Sval Energi have entered into an agreement for the sale of Equinor’s non-operated share in two North Sea…

Crude Oil

Opec to Attend Iraq Energy Forum in June

Opec said it will participate in the sixth Iraq Energy Forum in Baghdad from June 18-20.

Hydrogen Production

The Hydrogen Stream: Oil Producers Showing Rising Interest in Hydrogen

CoorsTek Membrane Sciences has led a team to demonstrate a 36-cell reactor stack enabled by a new interconnect. The team claims it achieves “complete conversio…

Oil Price

Equinor Sells Stakes in 2 Norway Fields to Sval Energi

Norwegian oil major Equinor said on Tuesday it had agreed to sell its 7.6% stake in Norway's giant Ekofisk field as well as a 19% stake in the Martin Linge fiel…

Yemen

UN Spearheading Efforts to Raise $80 Million to Prevent Major Oil Spill off Yemen

The world’s universal global organization, the United Nations, is working on raising the funds required for the implementation of its plan to address a threat …

Oil&Gas Drilling

New Gas Discovery for Energean off Israel

Hydrocarbon exploration and production company Energean has made a commercial gas discovery in Block 12 offshore Israel, bolstering its beliefs in the potential…

Crude Oil

Biden Sidelined Global Energy Partners with Record Emergency Oil Release

The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in IEA, leaving them scrambling to match…

Crude Oil

CNOOC Adds Oilfields in Brazil

China National Offshore Oil Corp (CNOOC)'s ultra-deepwater pre-salt oilfield in Brazil was put into operation on Tuesday, the latest effort by the country's top…

Crude Oil

Oil Slips as Investors Eye EU Vote on Russian Oil Ban

Oil prices slipped in early Asian trade on Monday as investors eyed talks at the European Union on a Russian oil embargo that is expected to tighten global supp…

Oil Price

U.S. Shale Swings From Losses to Record Cash Flows

U.S. shale focuses on returning capital to shareholders in 2022.

Natural Gas

Russia's Gazprom Continues Gas Exports to Europe via Ukraine

Russian gas producer Gazprom said it was supplying natural gas to Europe via Ukraine on Sunday in line with requests from European consumers.