Gas

Crude

Rosneft Inks Deal with India’s Top Refiner on up to 2 MILLION Tons of Crude Supplies

The signing took place during Rosneft CEO Igor Sechin’s visit to New Delhi.

Oil & Gas Trade

US says Cyprus has Key Role in East Med Energy

Washington believes Cyprus has a key role to play in East Med energy supply but warned all sides not to create further instability in the region as tensions run…

Solar Power Plant

150MW Hungarian Solar Power Plant Project Obtains $125M Investment Proposal from Capital Corp Merchant Banking

With the EU raising the price of lignite in an effort to reduce greenhouse gases and fight against climate change, the Hungarian government has decided to turn …

Germany Floats Draft Hydrogen Strategy Ahead of EU Presidency

Germany’s draft hydrogen strategy envisages the use of CO2-free gas for the industry and transport sector, as well as millions for research. Under the draft pl…

Oil & Gas Trade

Petrobras Selling Offshore Field and Blocks in Brazil

Petrobras said on Monday that these transaction were in line with the portfolio optimization and the improvement of the company’s capital allocation, aiming at…

Oil&Gas Drilling

Virginia Lawmakers Vote to Block Offshore Drilling in Rebuke to Trump Plan

Virginia lawmakers on Tuesday passed a bill to block future oil and gas development off the state's coastline, reflecting opposition to the Trump administration…

Market Analysis

UK Regulator Ofgem Launches Decarbonisation Plan

The UK Government’s Office of Gas and Electricity Markets (Ofgem) has set out its plan to bring the country’s emissions to net zero.

Oil&Gas Drilling

BP Produces First Oil from Alligin Field Off UK

Oil major BP has announced early production from the Alligin field located in the west of Shetland region, offshore the UK.

Oil & Gas Trade

Coronavirus could Push Global Oil Market into Surplus

Almaty. February 4. KazTAG - The coronavirus outbreak could curb oil demand growth if it continues to spread, leading to an extended production surplus as produ…

Oil & Gas Trade

Oil Bankruptcies Are Reaching Worrying Levels

Law firm Haynes and Boone recently released its updated Energy Bankruptcy Reports. These reports cover North American oil and gas producers, oilfield services a…

Oil & Gas Trade

OPEC+ Considers 500,000 Bpd Cut In Emergency Meeting

The OPEC+ group of producers are said to be considering deepening the cuts by another 500,000 bpd, due to depressed oil demand amid the virus outbreak, OPEC and…

LNG

Papua LNG to Advance Despite PNG Halting Talks

Papua LNG project is expected to advance with certain modifications following the halt in negotiations between the JV partners and the PNG government over P’ny…

Oil & Gas Trade

PNG Government Walks Away from Gas Talks with Exxon

According to Reuters, the government of Papua New Guinea (PNG) has ended talks with Exxon Mobil Corp. regarding a key gas project, putting plans to double gas e…

U.S. Agriculture Dept. Creating Incentive Program to Boost Ethanol & Biodiesel Sales

The U.S. Department of Agriculture (USDA) is seeking input from biofuel stakeholders as it works to create the Higher Blends Infrastructure Incentive Program (H…

Oil & Gas Trade

OPEC and Ally Russia to Discuss Oil Price Fall After Coronavirus Epidemic

OPEC members and their ally Russia will convene a technical meeting this week to analyze oil price falls since the outbreak of a coronavirus epidemic, a source …