Oil

LNG

UK’s Gas Imports From Russia Increased by 37% in 2021

Russia was the fourth-most imported source for the UK last year, according to official data.

World Needs to Spend an Additional $1.3Bn on Energy by 2030

A new report found that oil and gas need a boost in contrast to previous IEA report which urged governments to stop new fossil fuel plans.

Oil & Gas Trade

Possible to Pay for Russian Gas While Complying with Sanctions - Uniper

Uniper, Germany's main importer of Russian gas, on Monday said it would be possible to pay for future supplies without breaching European Union sanctions even t…

Oil&Gas Drilling

Biden Reverses Trump Move to Open up More Oil Drilling in Arctic

The Biden administration on Monday reversed a Trump administration plan that would have allowed the government to lease more than two-thirds of the country’s l…

Crude Oil

Abu Dhabi Crude to Head to Europe, Replace Russian Oil

A shipping unit of France's TotalEnergies has provisionally chartered a tanker to load Abu Dhabi crude in early May for Europe, the first such shipment in two y…

Crude Oil

EU Prepares ‘Smart Sanctions’ on Russia

The European Union is preparing “smart sanctions” against Russian oil imports, The Times says, citing the European Commission’s executive vice-president, Val…

Natural Gas

Austria Is 80% Dependent on Russian Natural Gas, Minister Says

Big Oil executives are reportedly dumping tens of millions of dollars worth of company shares.

LNG

High LNG Prices Are Here to Stay

The global market for LNG has turned from a buyer’s market to a seller’s market.

Crude Oil

Guyana Gets $106 Million From Exxon for Oil From Newest Offshore Platform

Guyana sold its first share of crude oil from the country's newest offshore production facility to Exxon Mobil (XOM.N) for about $106 million, the government sa…

Oil&Gas Drilling

Chevron Cleared to Start up Gorgon and Jansz Feed Gas Pipeline and Wells

Australian National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has approved Chevron’s environment plan for the commissioning, s…

Oil Field

BW Energy Secures ‘Near-Perfect Fit’ FPSO to Unlock Oil From Brazilian Field

E&P company BW Energy has decided to proceed with the Maromba development project, located offshore Brazil, and signed an agreement to buy the laid-up FPSO Polv…

Australia

Australia ‘Has Just 68 Days of Oil Reserves’

The country is nearly 91% dependent on imported oil, a public policy think tank has warned.

LNG

Europe to Emerge as Asia’s Competitor in the LNG Market: Analyst

Europe could emerge as Asia’s direct competitor in the liquefied natural gas (LNG) market as it looks to import from non-Russian LNG supply amidst the war in U…

Natural Gas

Germany's New Gas Storage Law - How Will It Work?

A bill to guarantee minimum gas storage levels in Germany, whose underground facilities account for a quarter of the EU bloc's total capacity, will kick in from…

Crude Oil

Petroecuador Begins Meetings to Renegotiate Contracts with PetroChina

Ecuador's state-owned oil company Petroecuador has started meetings to renegotiate long-term sales oil contracts with PetroChina, a process it hopes to conclude…