Oil

Natural Gas

Germany's Natural Gas Storage Facilities Pass 95% November Target

Germany's natural gas storage facilities passed the 95% target for November three weeks ahead of schedule on Thursday.

Hydrogen Production

Scotland’s Offshore Hydrogen Production and Storage Awarded £2m

The funding will support the HOP2 project, which aims to demonstrate the feasibility of storing hydrogen in repurposed oil and gas assets.

Natural Gas

EU Leaders May Back New Gas Price Benchmark, Document Shows

European Union country leaders may support plans to launch a new gas price benchmark at a meeting next week, as they seek to curb energy prices for consumers an…

Crude Oil

Saudi Arabia, United States Clash Over Reason for OPEC+ Oil Cut

Saudi Arabia rejected as "not based on facts" criticism of an OPEC+ decision last week to cut its oil production target despite U.S. objections.

Crude Oil

Oil Slides as U.S. Crude and Gasoline Stocks Surge

Oil prices slipped in early Asian trade on Friday as U.S. crude and gasoline inventories jumped, while Saudi Arabia and Washington continued to clash over plans…

Crude Oil

ADNOC Drilling Contract as UAE Steps up Oil & Gas Production

ADNOC Offshore awards US$980m contract for the hire of two jack-up offshore rigs and associated manpower and equipment.

Oil Pipeline

Shell Investigates in Nigeria After Report of Nine-Year Oil Theft

Oil major Shell's Nigerian subsidiary is investigating reports that an illegal oil tap ran for nine years on a pipeline it operates, a spokesperson said on Wedn…

United States

U.S. Will Use SPR Barrels Responsibly Where It Makes Sense to Stabilize Markets -Official

The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020. REUTERS/Adre…

United States

U.S. Oil Patch M&A in Q3 Tops $16 Bln, the Most This Year

Mergers and acquisitions in the U.S. oil patch accelerated to $16 billion in the third quarter, the most this year, although the nine-month total trails the yea…

Natural Gas

Russia Could Deliver Gas via Nord Stream 1, but Not Nord Stream 2 - Germany

Germany will not take Russian gas via the Nord Stream 2 pipeline, a government spokesperson said on Wednesday after Russian President Vladimir Putin offered to …

LNG

Chevron Sees LNG Growth Opportunity in Europe on Strong Demand- Top Executive

U.S. oil major Chevron Corp expects high European prices for liquefied natural gas (LNG) to attract a majority of U.S. LNG exports in the short term, a top exec…

Natural Gas

Gas Price Cap Deal Eludes EU Countries, for Now

The European Union will unveil proposals next week to launch joint gas buying within months and develop an alternative gas price benchmark.

Natural Gas

Germany Launches Investigation into Nord Stream Blasts

German federal prosecutors said they had opened an investigation against “unknown persons”.

OPEC

U.S. Officials Promised Saudis It Wouldn’t Let Oil Market Collapse

U.S. officials told Saudi Arabia prior to the OPEC+ meeting that it would help stave off a collapse in the oil market by buying oil at $75 per barrel to repleni…

Crude Oil

White House Leaves Door Open for Additional SPR Releases

The White House said on Tuesday that it has many options to counteract OPEC+’s looming production cuts, including the release of even more crude oil from the n…