Oil

Oil Price

Equinor Sells Stakes in 2 Norway Fields to Sval Energi

Norwegian oil major Equinor said on Tuesday it had agreed to sell its 7.6% stake in Norway's giant Ekofisk field as well as a 19% stake in the Martin Linge fiel…

Yemen

UN Spearheading Efforts to Raise $80 Million to Prevent Major Oil Spill off Yemen

The world’s universal global organization, the United Nations, is working on raising the funds required for the implementation of its plan to address a threat …

Oil&Gas Drilling

New Gas Discovery for Energean off Israel

Hydrocarbon exploration and production company Energean has made a commercial gas discovery in Block 12 offshore Israel, bolstering its beliefs in the potential…

Crude Oil

Biden Sidelined Global Energy Partners with Record Emergency Oil Release

The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in IEA, leaving them scrambling to match…

Crude Oil

CNOOC Adds Oilfields in Brazil

China National Offshore Oil Corp (CNOOC)'s ultra-deepwater pre-salt oilfield in Brazil was put into operation on Tuesday, the latest effort by the country's top…

Crude Oil

Oil Slips as Investors Eye EU Vote on Russian Oil Ban

Oil prices slipped in early Asian trade on Monday as investors eyed talks at the European Union on a Russian oil embargo that is expected to tighten global supp…

Oil Price

U.S. Shale Swings From Losses to Record Cash Flows

U.S. shale focuses on returning capital to shareholders in 2022.

Natural Gas

Russia's Gazprom Continues Gas Exports to Europe via Ukraine

Russian gas producer Gazprom said it was supplying natural gas to Europe via Ukraine on Sunday in line with requests from European consumers.

Offshore Wind Power

UK Oil and Gas Firms to Put £250Bn into Low Carbon Energy by 2030

New analysis has uncovered how spending may look for these companies in the next decade.

Rooftop PV System

New Water-Draining Device for Rooftop PV Systems

Portuguese startup Solarud has developed a way to eliminate soiling around the frames of PV panels with low inclination slopes. The device drains water that wou…

Oil Price

Why Shale May Not Stage a Comeback Despite Higher Oil Prices

Inflation, supply bottlenecks and a shortage of equipment and personnel have affected the exploration and production cycle.

Natural Gas

U.S. Natural Gas Prices Could Soon Hit $10

Warmer than usual spring weather and record LNG exports to help Europe reduce dependence on Russian gas could send the U.S. benchmark natural gas prices to abov…

Oil Price

Oil Rises, Defying Stock Market Falls as Supply Concerns Persist

Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned …

Natural Gas

Why are U.S. Natural Gas Prices Soaring?

U.S. natural gas prices are surging, with the benchmark futures contract rising to a 13-year high of $8.74 per million British thermal units, at a time when tha…

Oil & Gas Trade

How Much Russian Oil is Europe Importing?

Russia was the largest supplier of petroleum to Europe in 2021, according to a new report.