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Oil & Gas Trade
BP to Exit its 20% Stake in Russian Oil Giant Rosneft
BP Plc will exit its shareholding in Russia’s largest oil company Rosneft PJSC, potentially taking a financial hit of as much as $25 billion.
Energy Transition
District Heating Systems Key to Green Energy Transition
Recently announced plans for large geothermal heating project, highlighting the crucial role of district heating in the energy transition.
Crude Oil
Crude Rallies, Rouble Plunges to Record Low as Ukraine Risks Rise
Crude oil jumped while the rouble plunged nearly 30% to a fresh record low on Monday after Western nations imposed new sanctions on Russia for its invasion of U…
Electricity Transmission
Xinjiang's Electricity Transmission Volume Tops 500B kWh
Xinjiang Uygur Autonomous Region in northwest China has transmitted a total of 503.7 billion kWh of locally-generated electricity to other parts of the country …
Natural Gas
Saudi Arabia Announces Discovery of Five Natural Gas Fields
Saudi Arabia’s state oil company discovered five new natural gas fields across the kingdom that can produce over 100 million cubic feet per day in total, as th…
Oil & Gas Supply
Algeria Say Ready to Supply EU with Extra Gas Amid Ukraine Crisis
Algeria’s state energy firm is ready to supply Europe with more gas in view of a possible decline due to the Russian invasion of Ukraine, its CEO said Sunday.
Natural Gas
Is Hydrogen a Better Bridge Fuel Than Natural Gas?
With the latest events unfolding in Ukraine, the topic of natural gas dependence and its implications has once again taken center stage.
Carbon Neutral
UK Pledges to ‘Build Its Greenest Road Ever Built’
National Highways said it will use the Lower Thames Crossing project as ‘carbon-neutral’ construction pathfinder.
Natural Gas
Germany Plan to Construct Two Liquefied Natural Gas Terminals
Germany will construct two liquefied natural gas (LNG) terminals, German Chancellor Olaf Scholz said on Sunday, pledging to do more to protect Germany’s energy…
LNG
U.S. Gas Advances as Russia Sanctions May Boost Demand for LNG
U.S. natural gas futures advanced on the prospect of higher overseas demand after Western nations imposed tighter sanctions to isolate Russia, one of the world…
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…
Nuclear Power Plant
IAEA Calls Extraordinary Meeting to Discuss Ukraine Nuclear Safety
The International Atomic Energy Agency on Sunday said it was calling an extraordinary meeting of its board of governors next week "to discuss the current situ…
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…
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