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Gas
Oil & Gas Supply
With Oil Market in Turmoil, Energy Execs Urge more Output, Security
Oil-and-gas leaders advocated at an industry conference on Monday for increased security of energy supply and more fossil fuel production, while the U.S. climat…
Whiting Petroleum and Oasis Petroleum Sign $6bn Merger Deal
US-based shale producer Whiting Petroleum signed a merger deal with Oasis Petroleum to create a new enterprise, valued at approximately $6bn.
Oil Price
Crude Oil Jumps as much as 7% on U.S. Ban of Russian Imports, but Trades off Session Highs
Oil prices jumped to their highs of the session Tuesday as President Joe Biden announced a ban on Russian fossil imports including oil in response to the countr…
Oil Price
Ukraine Speeds Global Rush to Self-Sufficiency
Brexit, trade wars between the United States and China, and Covid-19 have dealt successive knocks to globalisation, and the war in Ukraine is doing fresh damage…
Oil & Gas Trade
Biden Announces Ban on Russian Oil, Gas Imports to US
President Joe Biden announced Tuesday morning that the US would ban imports of #oil, natural gas and coal from #Russia. The British government also announced it…
Natural Gas
Fixing Wind, Solar Permitting in EU to Help Reduce Russian Gas Imports
Speeding up wind and solar permitting, diversifying gas supplies and making the most of existing low-carbon energy sources are important steps to reduce the EU…
Natural Gas
Chevron CEO Announces Israel Gas Pipeline Could Supply Europe
Europe’s natural gas shortage has renewed talk of the EastMed pipeline – a Mediterranean Sea pipeline that could carry gas from Israel to European customers.…
Hydrogen Transport
Centrica Partners with the UK’s National Grid to Inject Green Hydrogen into the National Transmission System
Centrica and the National Grid have partnered to explore the possibility of injecting green hydrogen into the UK’s National Transmission System (NTS) in order …
Natural Gas
Shell Sorry for Buying Russian Crude
Oil major Shell on Tuesday apologised for buying a cargo of Russian crude oil last week, a decision which was made with the security of supplies in mind and gui…
Hydrogen Production
EU Draws out Plan to Increase Hydrogen Production to Replace Russian Fossil Fuels and Gas Dependency
The European Commission has revealed on March 8 a brand-new plan in which to phase out dependency on Russian gas and fossil fuels with hydrogen a key aspect of …
Electric Car
Electric Car Prices Could Go up Even as Fuel Prices Soar
As US gas prices hit record highs in the wake of Russia’s invasion of Ukraine, it seems like electric vehicles may not be a safe haven for those looking to sav…
Oil Price
Petrol, Diesel Price Increase on Wait-and-Watch Mode; CNG Rates Hiked
CNG price in the national capital and adjoining cities on Tuesday was hiked by Rs 0.50 per kg, while an imminent increase in petrol and diesel price has been pu…
Oil Price
Goldman Sachs ups 2022 Brent Crude Oil Spot Price Forecast to $135/bbl
Goldman Sachs Research has raised its 2022 & 2023 Brent spot price forecast to $135/bbl & $115/bbl, up from $98 and $105/bbl respectively amid geopolitical tens…
Oil Price
Oil Companies to Determine Fuel Prices: Hardeep Singh Puri
Amid the Russia-Ukraine war, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday said oil companies will determine the fuel prices, even …
Carbon Emissions
Global Energy-Related Carbon Emissions Reach Highest Level Yet in 2021, IEA Says
Coal accounted for 40% of the carbon dioxide emissions last year.
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