Gas

Crude Oil

Oil PSUs Readying to Buy Discounted Russian Crude

Companies would make the move in a day or two after they achieve clarity on insurance, freight and payment for the Russian oil in view of the Western sanctions …

Crude Oil

IEA: 3 mbpd of Russian Oil may not Reach Market from April

Rising commodity prices and sanctions on Russia "are expected to appreciably depress global economic growth" and impact inflation, said the Paris-based IEA, off…

Coal-Fired Power Plants

Japan's Fukushima Earthquake Shuts Dozen Power Plants, Sendai, Chiba Refineries

A magnitude 7.4 earthquake occurred offshore Fukushima in northeastern Japan late March 16, shutting a dozen coal, gas and oil-fired power plants along with the…

Oil Price

Crude Oil Falls to $100, Eases Inflationary Worries

Crude oil prices fell to $100 a barrel on Tuesday, from a high of $139 last week, easing worries for consumers and the economy facing inflationary headwinds.

Oil Futures Open Higher on IEA Supply Warning

Oil futures rose in early trading on Thursday, recovering some of the prior day's losses, after IEA said a decline in oil demand due to higher prices would not …

Oil & Gas Supply

Uganda’s Oil and Gas Prospects Expected to Improve in 2025

Increased sanctioning activity in African energy has resulted in growth in cumulative expenditure of $23 billion by 2025, according to the African Energy Chambe…

EU

EU Can Tap Geothermal Potential to Cut Russian Gas - EGEC

EGEC has calculated that the EU can reduce its use of Russian gas by 3 billion cubic metres (bcm) this year with the help of geothermal district heating and coo…

Natural Gas

QatarEnergy Kicks-off Operations at Key Barzan Gas Plant

QatarEnergy has kicked-off operations from its Barzan gas plant in the Ras Laffan Industrial City, to handle production from its giant North Field development.

Natural Gas

Petrobras Nears Agreement to Sell Bolivia-Brazil Gas Pipeline to EIG

EIG could pay between $500m and $1bn for Petrobras' stake in Transportadora Brasileira Gasoduto Bolivia-Brasil.

LNG

Norway’s Equinor Ramping up Gas Output to Help Meet Europe’s Demand

Norway’s state player Equinor and the country’s government have worked out a plan to maintain high gas exports to Europe and meet the demand amid supply conce…

Natural Gas

Thai PTTEP to Take Over Myanmar Offshore Gas Field Ops After TotalEnergies' Exit

Thai oil and gas giant PTT Exploration and Production Pcl said on Monday it would take over operations of the Yadana gas field in Myanmar from July following th…

Ireland

Summer Energy Prices in Ireland to Remain Above Seasonal Average Until 2029

Research from Cornwall Insight has shown that gas prices across both Northern Ireland and the Republic of Ireland will vary significantly between the seasons, w…

Oil Price

Oil Market Heads for ‘Biggest Supply Crisis in Decades’ with Russia’s Exports Set to Fall, IEA Says

Three million barrels per day of Russian oil output is at risk beginning in April as sanctions hit and buyers shun the nation’s exports, IEA said Wednesday.

LNG

Biden Administration Approves More LNG Exports to Europe

The Biden administration said on Wednesday it had authorized additional exports of liquefied natural gas from two major facilities on the U.S. Gulf Coast.

Crude Oil

Brazil Assures US it will Increase Oil Production

The Brazilian government on Monday (Mar 14) assured the United States it will increase its oil production, a decision that could help ease concerns over global …