Tag: Oil and Gas News
Glencore Ordered To Pay £280m Over Africa Oil Bribes
...Prosecutors Allege Glencore Flew Bribes By Aircraft to W/Africa A UK court yesterday ordered a subsidiary of Swiss miner Glencore to pay £280million ($313million)...
GLOBAL TIT-BITS
Says First Oil In April 2025, Eyes China For Pipeline Funding
'China is always ready,' Uganda's energy minister says when asked if the money would...
PetroChina Records 60% Profit Jump Despite Lower Demand
State-run PetroChina, Asia’s largest oil and gas producer and China’s second-largest refiner, is reporting $16.66 billion in profits from January to September, for a...
Republicans Investigate Biden’s “Misuse” Of SPR To Control Prices At The...
House Republicans have accused U.S. President Joe Biden of misusing the nation’s Strategic Petroleum Reserve to counter OPEC+’s move to cut its oil...
EU Finally Agrees On Ban On Gasoline And Diesel Cars
The European Union has finally agreed to phase out internal combustion engine cars by 2035, and enforced a zero-emission regulation on carmakers in the...
Boosted Europe’s Energy Crisis, TotalEnergies Posts Record Quarterly Profit
TotalEnergies has announced a record profit for the third quarter, observers believe the company is reaping hugely from high energy prices and soaring prices...
JP Morgan And Goldman Sachs Expect Recession In US And Europe
Wall Street's top banks expect a looming recession in the US and Europe as interest rates continue to rise sharply and the economic outlook...
Force Majeure: Portuguese Government Confident On Nigeria Gas Supplies
Portuguese multinational energy corporation, GALP, has admitted the cancelation of another liquefied natural gas delivery from Nigeria, originally scheduled for the end of...
Namibia May Be On The Way To Joining OPEC Membership
If recent offshore oil discoveries prove to be large enough for commercial development, Namibia may be on its way to joining the Organisation of...
Germany May Introduce Natural Gas Subsidies Earlier Than Planned
German may have settled for fast-forwarding a planned natural gas price cap for households and businesses as early as in January 2023, as against...
2mbpd Oil Cut: Saudi Believes Relations With US Will Improve
Saudi Arabia has expressed the belief that currently soured relationship it has with the United States will improve over time.
A rift appeared for the...
Germany May Launch LNG Price Cap, End Subsidies Earlier Than Planned
Germany may introduce a planned natural gas price cap for its nationals. Officials say it might come as early as January 2023, compared to...
Schlumberger Rebrands to SLB, Beats Earnings Estimates As Q2 Revenues Grow...
The world’s largest oilfield services provider Schlumberger, has rebranded and henceforth would be known by a new brand name, SLB. The rebranding comes on...
Macron Accuses U.S. Of Double Standards In Gas Exports
...Even as US Oil Exports to France Falls to Zero Amid Refinery Strikes
Crude oil exports from the United States to France have fallen to...
Again, EU Fails To Agree On Natural Gas Price Cap
European Union leaders, last week again, failed to reach consensus on a cap on gas prices, ending the latest round of discussions last...
German to Inject $39bn to Rescue Energy Giant, Uniper
The German government may be on the way to staking up to $39 billion (40 billion euros) in the attempt to save Uniper, the...
EU Saves 11bn Euros On Gas Imports Courtesy Solar and Wind
A new study by environmental think tanks, E3G and Ember has said that record power generation from solar and wind helped the European Union...
Germany Introduces New Plan To Cap Energy Bills By Taxing Electricity...
The German economy ministry has prepared a draft proposal that would cap electricity prices for individual consumers and industries to help them with surging...
Biden Presents 3-Step Plan To Reverse Rising Oil Prices
During a live address at the White House yesterday, U.S. President Joe Biden presented what he called three “critical” steps to ensure American energy...
Energy Crisis: Germany, France Shift Talks After Cracks Appeared On EU...
France and Germany have been forced to shift a joint meeting of their governments slated for next week, after it was discovered that cracks...
