Oil

Nord Stream 2

Germany's E.ON Rejects Halting Nord Stream 1 Pipeline

E.ON, Europe's largest operator of energy networks, rejected demands to shut down the Nord Stream 1 gas pipeline as part of sanctions against Russia for invadin…

Oil & Gas Supply

IOC to Ramp up LPG Output in NE by 53% to 8 Crore Cylinders by 2030

The oil major plans to add three new plants in the Northeast.

Natural Gas

Saudi Arabia Discovers Natural Gas in Different Locations

Saudi Aramco, the world’s largest oil-exporting company, has discovered a number of new natural gas fields in different regions of the country, according to th…

Crude Oil

India may Draw on Oil Reserves to Soften Prices as Ukraine's Invasion Disrupts Global Supplies

India may tap its emergency oil stockpile to cool off prices that have surged on concerns that Russia's invasion of Ukraine will disrupt global supplies.

LNG

Nuclear, Coal, LNG: ‘No Taboos’ in Germany’s Energy About-Face

Germany signalled a U-turn in key energy policies on Sunday, floating the possibility of extending the life-spans of coal and even nuclear plants to cut depende…

Oil Price

Oil Surges on Russia Nuclear Alert as Sanctions Intensify

Oil prices jumped more than $7 in early trade on Monday after Russian President Vladimir Putin put the country's nuclear deterrent on high alert in the face of …

OPEC+ Trims Forecast for 2022 Oil Market Surplus in Latest Data

OPEC+ revised down its forecast for the 2022 oil market surplus by about 200,000 barrels per day (bpd) to 1.1 million bpd, according to a base scenario in a tec…

Oil Price

Oil Prices to Remain Volatile as Russia-Ukraine Crisis Intensifies

Oil prices receded to below $100 a barrel at the end of trading on Friday after breaching the psychological level to reach prices not seen since 2014.

Natural Gas

Germany Halts Gas Pipeline, Predicts Russia Will Lose Other Energy Customers over Ukraine

Germany’s vice chancellor said Thursday that Russia’s attack on Ukraine is “completely illogical” and will backfire, causing western nations to stop buying …

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…