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Oil
Oil Price
Oil Prices Slip Ahead of OPEC+ Meeting
Oil prices dropped early on Monday as investors braced for this week's meeting of officials from OPEC and other top producers on supply adjustments.
OPEC
OPEC Secretary General Says Russia’s Membership in OPEC+ Is Vital for Success of Agreement
OPEC's new secretary general said that Russia's membership in OPEC+ is vital for the success of the agreement, Kuwait's Alrai newspaper reported on Sunday.
Paris Climate Agreement
Why Oil Investors Should Keep an Eye on ESG Scores
Legal and regulatory initiatives promulgated as a result of the 2015 Paris Climate Accords, have been the driver of these changes.
Crude Oil
More Oil Discoveries Boost Guyana’s Offshore Boom
Guyana has seen a string of oil discoveries, quickly positioning it as one of the world’s hottest offshore drilling locations.
Oil Field
Green Light From TotalEnergies for Oil Project off Angola
France-headquartered energy giant TotalEnergies has taken a final investment decision (FID) to develop an oil development project located offshore Angola.
Natural Gas
Will Centrica’s Rough Open Its Reservoir for Britain’s “Roughest” Winter?
The reopening is predicted to help the country cement its gas stocks amid fears of shortages
Natural Gas
Germany Starts Rationing Hot Showers to Save on Gas
Authorities of a German city race to save kilowatts as gas shortage scenarios are looming
Oil Field
Life Extension Granted for North Sea Field
Norway’s offshore safety regulator has granted Aker BP, a Norwegian oil and gas company, consent for a life extension for a field located in the North Sea.
Chevron, Exxon Post Record Quarterly Profits as Commodity Prices Boom
Exxon and Chevron posted record profits during the second quarter of 2022 as high commodity prices boosted operations, and as the oil giants kept spending in ch…
Natural Gas
Synthetic Methane Injection into France’s Gas Distribution Grid Demonstrated
French green gas start-up Energo has demonstrated the injection of synthetic methane into GRDF’s gas distribution network.
Gas Turbine
GE Gas Power Awarded $4.2M to Boost Gas Turbine Efficiency
GE Gas Power has secured $4.2 million in funding from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) to advance development …
Natural Gas
Japan Should Consider Alternative Power Sources to Avoid Supply Shortage: Fitch
Natural gas holds the largest share in the country’s power mix.
OPEC
OPEC+ May Keep Production Quota Unchanged at Next Week’s Meeting
The OPEC+ group will decide at the meeting next week whether they should keep production targets steady, or a small output hike, eight anonymous OPEC+ sources t…
Gas Turbine
Siemens Energy Says It Has No Damage Reports From Gazprom on Nord Stream 1 Turbines
Siemens Energy on Wednesday said it had not received any damage reports regarding the turbines of Nord Stream 1 gas pipeline from Russia's Gazprom so far.
Natural Gas
Europe Signs off Voluntary Gas Cuts to Combat Energy Crunch
Member states agreed to reduce their gas demand by 15% compared to their average consumption in the past five years
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