Oil

United Kingdom

Shell Faces U.K. Showdown Over Impact of ‘Cataclysmic’ Oil Spill

A group of Nigerians want a trial against Royal Dutch Shell Plc in the U.K. for what they allege was a “cataclysmic” oil spill that wreaked havoc on their com…

Solar Developer Has Plan to Turn Oil Wells into Energy Storage

A California developer of concentrated solar power (CSP) systems has announced an innovation that it says combines the company’s technologies to turn existing …

Oil Exploration

Namibia: TotalEnergies Makes Significant Discovery In Offshore Block 2913B

TotalEnergies said Thursday it has made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Bas…

Oil Exploration

Second Oil Discovery “on Trend” to Pancontinental Energy’s (ASX:PCL) PEL 87 License Area

TotalEnergies makes an oil discovery “on trend” from Pancontinental Energy’s (PCL) 75 per cent owned PEL 87 area in offshore Namibia

Energy Transition

CCC: New Oil and Gas Is Not the Best Protection Against High Prices

The CCC advocates a “tighter limit” on oil and gas production.

Oil & Gas Trade

Sri Lanka Needs US$1,285mn for Three Months of Oil, US$500mn from India: Minister

Sri Lanka needs 1,285 million US dollar for oil imports in the next three months, of which 500 million will come from an Indian credit line, Energy Minister Uda…

Crude Oil

After Shell, TotalEnergies Also Strikes Oil in Namibia Well with ‘Very Promising Results’

Following Shell’s recent oil discovery in Namibia, French oil major TotalEnergies has also made a significant discovery of light oil with associated gas on the…

LNG

Germany to Create Strategic Coal and Gas Reserves

As Russia launched its attack on Ukraine, Europeans relived scenes from another time. Germany will now enact laws to ensure strategic energy reserves to cut dow…

Nord Stream 2

Russia-Ukraine Crisis: Germany Suspends Nord Stream 2

German Chancellor Olaf Scholz has suspended the certification of Nord Stream 2, the gas pipeline for importing gas from Russia, already built and waiting for ap…

Nord Stream 2

US Sanctions Company Behind €9.5bn Nord Stream 2 Pipeline

The sanction, which is in response to Russia’s actions in Ukraine, targets Nord Stream 2 AG and its CEO.

Crude Oil

Russian Crude Trades at Record Low Versus Brent on Sanctions Fears

Russian Urals crude oil differentials in Northwest Europe have slumped to record lows this week as threats of further sanctions and potential credit issues kept…

Oil & Gas Supply

Japan Willing to Release Oil Reserves

Japanese government officials have indicated a willingness to join other countries in releasing oil reserves.

Natural Gas

Adnoc LNG Says Natural Gas Must Remain a Key Player in Global Energy Transition

Liquefied natural gas must remain a key player in the global energy transition to ensure energy supply continues to meet demand in a secure, sustainable and rel…

Oil Price

Oil at $103: No Fears of Supply Disruption to India, Prices a Concern

International oil prices surged to over a seven-year high of USD 103 a barrel on Thursday after Russia attacked Ukraine, but supply lines to India remain unaffe…

Oil Price

Russia-Ukraine Crisis Highlights Need for 'Energy Independence' in PH

The conflict between Ukraine and Russia, which has a direct impact on global oil prices, highlighted the importance of developing more energy sources in the cou…