Tag: Oil and Gas News
UK’s Top Oil Producer, Harbour Energy, To Cut Jobs Over Windfall...
The largest oil and gas producer in Britain’s North Sea, Harbour Energy, will likely cut jobs as a result of the UK’s windfall tax,...
Venezuela Freezes Most Oil Exports
Venezuela’s PDVSA has announced thev suspension of most of its crude oil exports for a review of the contractual terms that will be conducted...
OPEC Sticks To Its 2023 Forecast As China Comes With Impressive...
OPEC has said that it is sticking to its global oil demand forecast for 2023, despite the improving economic outlook in top crude importer,...
Oil Prices Steady As China Releases Awaited GDP Data
Oil prices reportedly moved in different directions yesterday after the announcement of 2022 GDP data from China, eagerly awaited by the oil market.
The data...
John Kerry Says LNG Boom Must Pair With Carbon Capture
America’s special presidential envoy for climate, Mr. John Kerry has said that in an interview that gas can help reduce emissions only if it...
Why The Ukraine War Is A Watershed For The Future Of...
OPINIONEurope is unlikely to go back to relying on Russia for anything more than a 'sliver' of gas“We can survive. We will survive this...
Oil Prices Ease After Strong Weekly Rally
...Traders weigh demand against economic headwindsFollowing China’s economic reopening, against broader global economic headwinds, oil prices fell at the start of trading yesterday ...
China’s Trade With Russia Hit A Record $190bn In 2022
...As Moscow deepens partnership with Beijing and wither sanctions
Reports say China's trade balance with Russia did hit a new record in 2022, providing evidence...
2023: Exxon, TotalEnergies, Chevron To Up Investments In India.
US. oil majors Exxon Mobil Corp and Chevron Corp—along with France's TotalEnergies, are planning to increase their investments in India's oil and gas sector.
India’s...
Egypt’s Natural Gas Exports Surge With The Ambition To Dominate Gas...
Egypt is surely breathing life to its ambition of dominating the gas market development in the region. A report yesterday said the North African...
UK Has Secured Enough Energy Supply For Next Winter – Official
The United Kingdom will have enough energy to go through coming winter as has saved enough gas and electricity, and has more liquefied natural...
Court in Libya Suspends Controversial Oil Deal With Turkey
A court in Libya has suspended the deal for offshore oil and gas exploration, which Libya and Turkey made the agreement last year.
The deal,...
Iraq Set To Flag Off First New Refinery In Decades
...Refinery to hit full capacity by July
Iraqi oil minister, Hayan Abdel Ghani, has confirmed that Iraq’s new Karbala refinery, located south of Baghdad, would begin...
Petrobras Braces For Attacks On Refineries
Brazil’s state oil major Petrobras has stepped up security at its refineries in response to threats of attacks on the infrastructure, Reuters has reported,...
Global Oil Prices Rise As China Reopens Borders
Global crude oil prices started looking up with opening of the week just as China reopened its borders, spurring optimism among analysts that the...
Eni Boss Points Way To Africa For Europe’s Natural Gas Supply
Europe has been advised to look towards Africa for a “south-north” energy curve that would ensure sustainable gas delivery to Europe, as the EU...
2023: Saudi Won’t Allow Oil At $75: Pioneer Boss
The Organisation of Petroleum Exporting Countries may again cut oil production, the chief executive officer of Pioneer Natural Resources, Scott Sheffield has said.
Speaking...
Oil Prices Will Jump 28% In 2023 – Global Research Group
...Also that another energy crunch would push prices higher
The political research and consultancy firm, Eurasia Group, has forecasted that oil prices will spring back...
Chevron Boss Denies Biden’s Claims Of Oil Firms ‘Profiteering’ From Ukraine...
Chevron’s chief executive officer, Mike Wirth, has pushed back on the persistent accusations by America’s Joe Biden that oil companies are profiteering from the...
Oil Market: Prices Rebound After 2 Days Of Losses
Oil prices rebounded yesterday following two straight days of heavy losses amid rising Covid-19 cases in top crude importer China and growing concerns of...
