Oil

Oil & Gas Supply

EU Launches Nine-Point Plan to Mitigate Global Energy Crisis

Bloc calls on individuals to turn down heating, share cars and use more public transport.

Oil Price

OPEC Tells IMF that Oil Price Rally Mainly Due to Geopolitics

OPEC told IMF's steering committee on Thursday that the surge in oil prices was largely due to the Ukraine crisis, in the latest signal that the producer group …

Oil Price

China Oil Giant CNOOC Jumps 20% in First Mainland Trading

Cnooc Ltd. jumped 20% in its first day of trading in Shanghai as mainland investors jumped at the chance for exposure to soaring oil and gas prices.

CCS

ExxonMobil Estimates $4 Trillion CCS Market by 2030

Amount is around 60% of forecast oil and gas market by that date.

Nord Stream 2

Ukraine Lobbies for Cuts in Russian Nord Stream 1 Gas Shipments

Ukraine is working behind the scenes to convince Western allies to shift Russia’s shipments of natural gas from the Nord Stream 1 pipeline to Ukraine’s pipeli…

World Needs Extra $1.3 Trillion Energy Investment by 2030

The world needs to find $1.3 trillion of incremental investment by 2030 to boost all types of energy output and infrastructure from renewables to oil and gas to…

Carbon Neutral

Shell Cuts Scope 1, 2 and Methane Emissions

Oil giant Shell's first Energy Transition Report shows progress reducing emissions though net carbon intensity falls only slightly in five years.

Russian Federation

Shell Starts Withdrawing Staff From Russia as Part of Exit Strategy

Oil company is demobilising its seconded employees in ventures with Gazprom and Gazprom Neft in a phased process.

Oil&Gas Drilling

Empyrean Ticks off ‘Major Box’ at Chinese Well

AIM-listed oil and gas exploration company Empyrean Energy has backed up its pre-drill interpretation of seismic data related to the Jade prospect well located …

Oil and Gas Equipment

Chinese Cable Supplier Hired for Major ADNOC Oil and Gas Projects

ZTT Submarine Cable & System has secured three oil and gas subsea cable supply projects with UAE’s National Petroleum Construction Company (NPCC), set to be de…

Natural Gas

Russia Explains Gas for Rubles Switch

The new mechanism provides payment guarantees for Moscow, Foreign Minister Sergey Lavrov says.

Natural Gas

Natural Gas Demand to Slip in 2022 Amidst Russia-Ukraine Conflict: IEA

The downward forecast is equivalent to 50 billion cubic meters of LNG.

Oil&Gas Drilling

All Approvals Ready for Australian Well Drilling to Kick off Next Month

With all regulatory and environmental approvals in place, SapuraOMV is preparing to drill the Kanga-1 exploration well offshore Western Australia early next mon…

Crude Oil

North Sea Operators Renew Agreements for Exporting Oil to Flotta Terminal

Partners in several North Sea fields have reaffirmed their commitments to export the oil produced from their fields to the Repsol Sinopec Resources-operated Flo…

LNG

U.S. Natural Gas Prices Hit Highest Level in 14 Years

The benchmark U.S. natural gas price soared by more than 7% early on Monday.