Gas

Crude Oil

U.S. Weighs Chevron Request to Take Venezuela Oil for Debt Payments

The Biden administration is considering a Chevron Corp proposal to allow the U.S. oil major to accept and trade Venezuelan oil cargoes to recoup unpaid debt.

LNG

IHS Markit Report Says LNG Imports to Europe Would Be Sufficient to Overcome Shutoff of Russia Gas Flows Through Ukraine

Supplies of Russian gas to Europe via Ukraine have already fallen and been replaced by LNG imports.

Crude Oil

Oil Falls on Positive Signals from U.S.-Iran Talks

Oil prices fell on Monday as signs of a progress in the U.S.-Iran nuclear talks that could lead to removal of U.S. sanctions on Iranian oil sales offset concern…

Natural Gas

GECF and Mozambique Inch Closer on Energy Cooperation

The Gas Exporting Countries Forum (GECF), the global platform of the leading gas exporting countries, led by its Secretary General HE Eng. Mohamed Hamel held a …

Natural Gas

Potential of Gas Remains Promising Amidst Policy Changes: GECF Webinar Speakers

As the world takes decisive steps on climate change, the ensuing policy changes and their effect on the world’s fastest growing fossil fuel, natural gas, were …

Crude Oil

Shell Makes 'Encouraging' Oil Discovery Offshore Namibia

Shell and its partners have made what the oil major described as an "encouraging" discovery in a closely-watched exploration well off the coast of Namibia.

Crude Oil

Saudi Arabia’s Aramco Raises Oil Prices as Crude Surges

Saudi Arabia raised oil prices for customers in Asia, the U.S. and Europe after crude’s surge to almost $95 a barrel.

Nuclear Policy

European Commission Presents Text of Nuclear and Gas CDA

The European Commission has presented the final version of the Complementary Delegated Act of the EU Taxonomy Regulation covering certain gas and nuclear activi…

LNG

US LNG Sector to Pitch Gas Deals for Europe

A senior EU official overseeing the bloc's energy policy is set to meet next week with US LNG industry insiders, who say recent tensions with Russia add relevan…

Oil & Gas Supply

Opec+ Agrees 400,000 b/d Hike for March

Opec+ ministers have agreed to press ahead with another 400,000 b/d increase in the group's crude output quota next month.

Crude Oil

China’s November Base Oil Imports Rise

China's base oil imports rose in November, supported by increased demand for replenishment cargoes at lower prices.

Crude Oil

Venezuela Takes First Iranian Condensate of 2022

Venezuela has received this year's first cargo of the Iranian condensate that has proven critical to its crude production recovery.

Crude Oil

Ugandan Oil Export Project Gets Official Launch

Uganda's journey to become a fully fledged oil exporter has reached a key milestone with an official ceremony in Kampala to mark the final investment decision o…

Crude Oil

Novak: Russia To Resume Oil Output To 90% Of Pre-pandemic Level

Russia will be able to resume its oil production to 90% of the levels it was producing prior to the pandemic, Russian Deputy Prime Minister Alexander Novak said…

Hydrogen Project

WEC Energy Group to Pilot Hydrogen Blending in Michigan Generation Plant

WEC Energy Group plans to demonstrate up to 25% blending of hydrogen with natural gas for power generation.