Oil

United Kingdom

Ithaca Energy Gains Access to Two of the Largest Undeveloped Discoveries in UK North Sea

North Sea-focused Ithaca Energy has reached an agreement to acquire Siccar Point Energy for a price tag of nearly $1.5 billion. This is Ithaca’s second expansi…

Natural Gas

Price Volatility and Rising Demand Revive U.S. Natural Gas Trading

Natural gas trading is seeing a renaissance in the United States with the return of price volatility, while market turmoil in Europe could keep gas demand and e…

Hydrogen Project

Polish Oil Refiner to Invest €1.6bn in Hydrogen Projects by 2030

PKN Orlen has announced it will invest PLN 7.4bn on low and zero-carbon hydrogen development projects by 2030 to help build a hydrogen economy in Europe.

Crude Oil

IEA Moving Ahead with Collective Oil Stock Release of 120 Million Barrels

The International Energy Agency (IEA) has confirmed it will release 120 million barrels of oil.

Hydrogen Production

India Joint Venture Aims to Produce Green Hydrogen at Scale

Indian Oil Corporation has teamed up with Larsen & Toubro and ReNew Power to develop the nascent green hydrogen sector in India.

Oil Price

Shell Raises Russia Writedown to as Much as $5 Billion

Shell will write down up to $5 billion following its decision to exit Russia, more than previously disclosed, while soaring oil and gas prices boosted trading a…

Hydrogen Project

Kent and CGG Join for Carbon Capture and Hydrogen Projects

Oil and gas company Kent and technology business CGG have joined forces to develop carbon capture and hydrogen technologies.

LNG

China Signs Another Deal to Buy US LNG

US-based Next Decade will supply China’s ENN with 1.5 million tonnes per year (mtpy) of liquefied natural gas (LNG) for 20 years starting as early as 2026 from…

Crude Oil

Oil Sinks Toward $100 as EU Avoids Curbs on Crude, Dollar Gains

Oil fell as the European Union eschewed sanctions on Russian oil flows for now and a stronger dollar blunted the appeal of commodities.

Crude Oil

West Set To ‘Swap’ 650,000 Bpd Russian Oil with Developing Asia

Developed economies allies of the U.S. and the EU are expected to replace around 650,000 barrels per day (bpd) of Russian crude oil with grades from other produ…

Iran

Iraq in Need of Iranian Gas for Years: Iraqi Official

Iraqi Minister of Electricity Adel Karim has underlined that Iraq has not struck a deal with the littoral states of the Persian Gulf; thus, Baghdad requires gas…

Crude Oil

Oil Rises as Uncertainty Around Supply Persists

Oil futures rose in early trading on Tuesday as the potential for more sanctions following alleged war crimes by Russian troops in Ukraine added to concerns abo…

Natural Gas

Why Renewables Can’t Solve Europe's Energy Crisis

Europe has been aggressively pursuing a clean energy future and the end of fossil fuels, but the Russia-Ukraine conflict has highlighted the shortcomings of ren…

Oil Price

How Biden’s Huge Strategic Oil Release Could Backfire

President Biden’s huge SPR release announcement has pushed WTI prices back below $100.

Natural Gas

High Natural Gas Prices Could Lift Green Hydrogen Investment

Companies in Europe and U.S. allies such as Australia have recently announced major green hydrogen deals and projects.