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Crude Oil

US Shale Investors Worry over Impact of Output Jump

US shale oil investors are concerned that quickly ramping up production to capture soaring crude prices could upset confidence in the steady growth business mod…

Crude Oil

EU Leaders Tackle Escape Route From Russian Fossil Fuels

European Union leaders will tackle ways to wean themselves off Russian fossil fuels on Thursday and debate how quickly to ditch their key supplier.

LNG

Germany to Build Its Own LNG Terminal

European Union’s sanctions may be pounding hard on the Russian economy, its energy reliance cannot be dismissed. This incidentally also explains the sanctions …

Natural Gas

Gas Price Side Effects On Southland Commuters

Across Southern California, drivers are fuming about the high cost of fuel the prices, which are pushing some people to the brink. KCAL9's Nicole Comstock spoke…

Natural Gas

Russian Gas Continues to Flow into Europe on Main Pipeline Routes

Russian gas delivered through pipelines continued to flow via Poland westward into Germany while flows into Slovakia via Ukraine remained at recent high levels …

World’s most Advanced Oil Rig Commissioned at ONGC Well in Bhimavaram

As the energy prices soar, the advanced rigs are very crucial for the Indian energy sector to drill oil and gas wells faster to increase the production for d…

Oil Exploration

Opportunities Still Exist in Kenya’s Oil, Gas Sector

Last week Kenya announced for sale 35 oil and gas exploration blocks mostly in the natural gas prone coastal Lamu Basin. This is an indication of revived upstre…

Crude Oil

UK to Phase out Russian Oil Imports by End of 2022

The UK Government has announced plans to phase out oil imports from Russia by the end of 2022 in response to Vladimir Putin’s illegal invasion of Ukraine.

Oil & Gas Supply

With Oil Market in Turmoil, Energy Execs Urge more Output, Security

Oil-and-gas leaders advocated at an industry conference on Monday for increased security of energy supply and more fossil fuel production, while the U.S. climat…

Coal Mine

Australia Pushing Higher Coal Exports to Europe

Australia's federal resources minister Keith Pitt is pressuring the premier of Queensland state Anastacia Palazczuk to expedite coal mine developments to free u…

Hydrogen Project

Asia Is Amongst ‘Most Attractive’ Region for Green Hydrogen Development

Asia, along with Europe, is amongst the most attractive region in terms of developing green hydrogen, Fitch Solutions reported.

Whiting Petroleum and Oasis Petroleum Sign $6bn Merger Deal

US-based shale producer Whiting Petroleum signed a merger deal with Oasis Petroleum to create a new enterprise, valued at approximately $6bn.

Oil Price

Crude Oil Jumps as much as 7% on U.S. Ban of Russian Imports, but Trades off Session Highs

Oil prices jumped to their highs of the session Tuesday as President Joe Biden announced a ban on Russian fossil imports including oil in response to the countr…

Oil Price

Ukraine Speeds Global Rush to Self-Sufficiency

Brexit, trade wars between the United States and China, and Covid-19 have dealt successive knocks to globalisation, and the war in Ukraine is doing fresh damage…

Coal Production

China to Keep Daily Coal Output at More than 12 mln Tonnes amid Global Price Surge

China will maintain daily coal output at more than 12 million tonnes and accelerate approvals for new coal mining projects to ensure sufficient supply.