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Oil Price
Oil Prices to Remain Volatile as Russia-Ukraine Crisis Intensifies
Oil prices receded to below $100 a barrel at the end of trading on Friday after breaching the psychological level to reach prices not seen since 2014.
United States
Progress on Iran Nuclear Deal, but Tough Issues Remain
Negotiators have made significant progress in the last week or so on reviving the 2015 Iran nuclear deal but very tough issues remain, a senior U.S. State Depar…
Oil Exploration
Namibia: TotalEnergies Makes Significant Discovery In Offshore Block 2913B
TotalEnergies said Thursday it has made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Bas…
CCS
An Overview of Europe's Carbon Capture and Storage Developments
The EU made a target to be climate-neutral by 2050, including goals to cut 2030 net greenhouse gas emissions by a minimum of 55 percent compared to 1990.
Oil & Gas Trade
Sri Lanka Needs US$1,285mn for Three Months of Oil, US$500mn from India: Minister
Sri Lanka needs 1,285 million US dollar for oil imports in the next three months, of which 500 million will come from an Indian credit line, Energy Minister Uda…
Crude Oil
After Shell, TotalEnergies Also Strikes Oil in Namibia Well with ‘Very Promising Results’
Following Shell’s recent oil discovery in Namibia, French oil major TotalEnergies has also made a significant discovery of light oil with associated gas on the…
Electric Car
127 Hydrogen Buses to Arrive in Bologna by 2026
The first 34 vehicles will arrive by December 2024 and the others by June 2026.
Energy Transition
The Energy Transition Is Just Getting Started
2021 saw continued positive momentum for the energy transition, with policy commitments and investments made to accelerate the decarbonization of the global ene…
Oil Price
Oil at $103: No Fears of Supply Disruption to India, Prices a Concern
International oil prices surged to over a seven-year high of USD 103 a barrel on Thursday after Russia attacked Ukraine, but supply lines to India remain unaffe…
Oil Price
Prolonged Ukraine Crisis, High Crude Prices may Push India's Import Bill up by 15 Per Cent: Experts
The surge in Brent oil to USD 105 a barrel for the first time since 2014 driven by the escalation of the Ukraine crisis has triggered fears of a disruption to t…
Energy Storage System
Subsea 7 and FLASC Awarded Grant for Offshore Energy Storage Project
Subsea 7 and technology partner FLASC B.V., have been awarded a grant from the UK government Department for Business, Energy and Industrial Strategy (BEIS) for …
Oil Price
Oil Hovering Around $100 may Give a Crude Shock to Inflation, CAD, GDP
Brent crude oil crossed $100 a barrel on Thursday for the first time since 2014 prompted by the Russia-Ukraine conflict.
Nuclear Power Plant
Russian Forces Just Captured Chernobyl. What Are the Radioactive Risks?
The facility suffered a catastrophic meltdown in 1986, but actual nuclear weapons represent a more concerning atomic threat.
Oil Price
Oil Tops $105/bbl After Russia Attacks Ukraine
Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014 before easing, after Russia's attack on Ukraine exacerbated c…
Hydrogen Production
What will the UK’s 1GW Hydrogen Hub Look like?
Vertex Hydrogen, a joint venture between Essar Oil UK and Progressive Energy, last month (January 2022) said it will develop what it believes to be the UK’s la…
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