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Gas
Crude Oil
It’s Time for an Oil and Gas Boom in Africa
There are plenty of promising oil and gas opportunities in Africa, but the global transition away from carbon-intensive energy sources makes it a controversial …
Crude Oil
The Burgeoning Energy Partnership Between Azerbaijan and the EU
As the European Union continues to pursue new sources of energy to replace Russian oil and gas, it is expanding its energy partnership with Azerbaijan.
Natural Gas
Switzerland Could Align With EU Energy Saving Drive, Energy Minister Says
Switzerland could prevent an energy shortage by aligning with a European Union plan to cut gas use by 15% this winter, Energy Minister Simonetta Sommaruga told …
Natural Gas
German Finance Minister Writes to Brussels Over VAT Exemption for Gas Levy
German finance minister Christian Lindner has written to the European Commission seeking permission to waive value-added tax on a new gas price levy for a limit…
Natural Gas
Germany Reaches 75% Gas Stocks Target Ahead of Schedule
German gas storage facilities were slightly more than 75% full last Friday, a couple of weeks ahead of target, data from European operators group GIE showed on …
Crude Oil
Saudi Aramco Profit Soars on Higher Prices and Refining Margins
State oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by higher oil prices and refining ma…
Nuclear Power Plant
Nuclear Power in Europe – Risk Versus Reward
As Europe comes to terms with its overreliance on Russian gas and looks at ways to secure supply for the coming winter, nuclear power, once considered to do mor…
Natural Gas
Europe’s Newest Gas Pipeline Could Come Online Within 9 Months
Another natural gas pipeline could soon become operational in Europe to connect Spain and France, and the new link could start operations in around nine months,…
Natural Gas
Nord Stream Gas Flows Drop On Friday Afternoon
Physical natural gas flows on the Nord Stream pipeline from Russia to Germany dropped to 13 million kWh/h on early Friday afternoon in Europe, data from Nord St…
Crude Oil
Gulf Of Mexico Oil Outages Balloon Beyond Shell
At least two other oil majors shuttered their Gulf of Mexico platforms on Friday following a leak in the Fourchon booster station, shutting down the flow of cru…
Crude Oil
IEA Sees Higher Oil Demand This Year
IEA: global crude oil demand will rise by 2.1 million bpd.
Oil Exploration
China Heralds Another Major Oil Discovery
China’s state-run China Petrochemical Group, Sinopec, says it has discovered a massive oilfield in the Tarim Basin, containing 1.7 billion tons of oil reserves…
Natural Gas
Israeli Natural Gas Lines Signs Investment Contract With Prisma Photonics
Israeli Natural Gas Lines recently entered into a strategic investment contract with Prisma Photonics, a company developing advanced real-time critical infrastr…
Natural Gas
Germany: No Technical Reason for Cutting Nord Stream 1 Gas
Gazprom, Russia's state energy giant, has significantly reduced the flow of gas through Nord Stream 1, now at 20 percent of capacity.
Oil & Gas Supply
Switch From Gas Boosts Oil Demand, but Economic Headwinds Loom - IEA
Sweltering summer temperatures and soaring gas prices have boosted the use of oil in power generation, the International Energy Agency (IEA) said on Thursday, i…
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