Tag: Oil and Gas News
UK’s Closing Off 2,000 Oil Wells Will Gulp £20bn – Report
An industry report has said that the more than 2,000 oil and gas wells put out for shutting down by the UK government will...
UAE Adopts New Law To Regulate Linkage Of Renewable Energy Production...
…plans to invest $160bn in clean, renewable energy in 3 decades
The UAE plans to invest $160 billion in clean and renewable energy sources over...
Uncertainty: China Seals 27yr Deal to Receive LNG From Qatar
Uncertainty created by the invasion of Ukraine by Russia, made worse by the threat againstinst of Russia’s oil price cap by the European Union...
Shell Considers Windfall Tax, Reviews £25bn British Projects
Following the extension of a windfall tax on energy companies, Shell UK has said that it is reviewing plans to invest £25 billion in...
British Oil Company BP Is Eyeing The Green Hydrogen Market
The British oil company, BP, has signed an agreement with the Mauritanian authorities to explore the country's potential for the production of green hydrogen.
The...
UAE Denies OPEC+ Production Hike Discussions
...Says Wall Street Journal Report Was UntrueThe United Arab Emirate has denied reports that it has not been in any discussions with some...
Mozambique’s First Oil Export To Europe, An Economic Emancipation Or Oil...
Mozambique has finally launched its first export of Liquefied Natural Gas (LNG) to Europe. The export feeds oil-thirsty Europe, coming on the back of...
Sweden: Nord Stream Explosions Were Result Of “Gross Sabotage
Sweden: Nord Stream Explosions Were Result Of “Gross Sabotage”
Traces of explosives were found near the sites of the explosions at the Nord Stream 1...
Australia Hopes To Host 2026 COP Climate Change Summit
Australia hopes to host the 2026 Cop summit, Prime Minister Anthony Albanese said on Saturday, seeking to overhaul his country's reputation for foot-dragging on...
TotalEnergies Looks To Explore Oil Where Environmentalists Blocked Shell In S/Africa
Following the blockade of Shell by environmentalists in South Africa, French supermajor TotalEnergies, has signaled plans to explore for oil and gas resources in...
COP27 Reignites The Debate About Carbon Credits
COP27 is highlighting the controversial and sometimes contradictory nature of carbon credits as proposals for crediting schemes spark debate and even heckling at the...
Oil Price Crashes More Than 4% Owed To Series Of Bearish...
Oil prices dipped yesterday following series of bearish market forces, led by what is analysts regarded as thin liquidity and easing geopolitical tensions between...
The Global Energy Transition Has A $22 Trillion Problem
The global energy industry is at a turning point. Unprecedented shocks to the global economy stemming from the Covid-19 pandemic and compounded exponentially by...
OPEC Lowers 2022, 2023 Oil Demand Forecast, Citing China’s Covid New...
Citing China’s zero-Covid policy, geopolitical uncertainties and weaker economic activity, OPEC has slightly lowered its global oil demand forecast for this year and next...
Oil Prices Rise As China Relaxes Covid Restriction
Global oil prices went higher last weekend, by more than 2.5% in early trade in Europe, as China announced on Friday the easing of...
Oil Prices Shaky As U.S. Go Through Midterm Elections
Oil prices lowered yesterday in Europe as the United States counted votes in the midterm elections, which turned closely contested as expected.
Reports say the...
UK, US to Sign A Major Liquefied Natural Gas Deal
The UK government is expected, within days, to announce a major LNG supply agreement with the United States as the former aims at boosting...
Saudi Arabia Cuts Oil Prices For Asia
…December delivery now put at $0.40 lower
Saudi Arabia has reportedly lowered its official selling prices for oil for all its Asian clients, with the...
Europe Risks Natural Gas Deficit If Russia Halts Supply – IEA
The International Energy Agency published a report yesterday saying asserting that Europe could face a deficit of as much as 30 billion cubic...
Canada Orders Chinese Firms To Divest, Quit Its Critical Minerals Sector
Following a national review, the Canadian government has ordered three Chinese companies to sell their stakes in businesses involved in critical mineral production in...
