Tag: Oil and Gas News
Egypt’s Natural Gas Exports Value Increases 13-Fold in 8yrs
A new government report has said that the value of Egypt’s natural gas exports has increased 13-fold in the last eight years.The report published...
Global LNG Market Booms But Small Players Are Struggling To Survive
Global-effect developments in Europe since the year have triggered a surge in LNG prices. And experts say a major, yet weird, outcome is that...
Workers Evacuate Following Gas Pipeline Explosion In Mexico
Fire from a gas pipeline explosion in the Mexican state of Tabasco late on Tuesday has led to evacuation of all workers the Paredon...
Thousands of Protesters Jam The Streets of Belgium Over Soaring Energy...
Thousands of people turned into the streets in Brussels yesterday protesting against soaring electricity prices and general cost of living.The protests in the Belgian...
AfDB Approves $20m For Covid-19 Off-Grid Recovery Platform
The African Development Bank (AfDB) Group has approved a $20 million concessional fund to support the second phase of the Covid-19 Off-Grid Recovery Platform...
UN Scribe Accuses Fossil Fuels Industry of Feasting in Subsidies, Windfall...
……. Urges developed economies to tax windfall profits of fossil fuel firms
UN secretary-general, Antonio Guterres has accused the fossil fuel industry of "feasting" on...
Energy Crisis: World’s 2nd Largest Steelmaker Closes Shop in Europe
World’s second-largest steelmaker, ArcelorMittal has announced a plant closure in Europe due to soaring gas and energy prices.
The company said in a statement that...
Oil Rallies Rallies As Putin Calls Up Army Reserves
...This is not a bluff – he warnsOil prices rallied early today after Russian President Vladimir Putin said his country was calling up its...
Germany’s Natural Gas Storage Will Last For Two And A Half...
Germany has said that gas storage sites in the country, which are now nearly 90% full, will be empty after the winter.
The country’s economy...
TotalEnergies Sells 18% Stake In Iraq Oilfield For $155m
ShaMaran Petroleum has bought French energy company, TotalEnergies 18% stake in the Sarsang onshore oilfield in the Kurdistan region of Iraq for $155 million.
An...
Chinese Oil Refineries Struggle With Outages, Weak Demand
China’s National Bureau of Statistics (NBS) has reported that in August, China's refinery crude throughput was at 12.64 million barrels per day (bpd), down...
Wael Sawan: Getting To Know Shell’s New Chief Executive Officer
Last week, Energy giants, Shell announced that its chief executive officer, Ben van Beurden will step down at the end of 2022 and that...
Shell’s Renewable Director Replaces CEO
Energy giants, Shell has announced that its chief executive officer, Ben van Beurden will step down at the end of 2022 and that his...
Germany May Nationalize Its Biggest Gas Importer
Germany is on the way to nationalizing its biggest gas importer, Uniper. Reports said the German government may increase its stake in Uniper SE...
OPEC Keeps 2022 Oil Demand Forecast Unchanged
OPEC has said that world oil demand growth remained pegged at “a healthy” 3.1 million barrels per day rise in 2022, including the recent...
Dubai Based Firm to Provide District Cooling to Egypt’s New Healthcare...
Dubai based National Central Cooling Company, better known as Tabreed, has signed a Dh306.4 million ($83.43m) agreement with developer Egyptians for Healthcare Services (EHCS)...
EU President Plots To Raise $140bn To Cushion Energy Crisis in...
“Major oil, gas and coal companies are also making huge profits. So they have to pay a fair share – they have to give...
South Sudan Threatens to Quit OPEC+ if Hindered From Increasing Production
South Sudan has said that it may quit OPEC if the cartel interferes with the country’s ability to meet its ambitious oil production plans.
Speaking...
EU Gas Crisis: Azerbaijan To Ramp Up Gas Exports To Europe...
As Europe lessens its dependence on Russian oil, Azerbaijan is increasing its natural gas exports to Europe this year by 30%. This is part...
Oil Prices Under Pressure As Demand Concerns Mount
Oil prices fell early on Monday morning as bearish sentiment continued to weigh on markets amid expectations of further interest rate hikes and concerns...
