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    11 August 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Travel brochures in Sheboygan, Wisconsin, tout the town’s beaches on Lake Michigan as the Malibu of the Midwest. But pages of glossy photos leave out a feature of the landscape: a coal-fired power plant on the shore that will remain open until mid 2025 instead of closing this year as planned.

    10 August 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​U.S. oil refiners and pipeline operators expect energy consumption to be strong for the second half of 2022, even though analysts and industry watchers have worried that demand could falter if the global economy enters a recession or high fuel prices deter travelers.

    09 August 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Oil prices dipped in early trade on Tuesday on the latest progress in last-ditch talks to revive the 2015 Iran nuclear accord, which would clear the way to boost its crude exports in a tight market.

    09 August 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    India's fuel demand in July rose 6.1% year-on-year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Monday.

    09 August 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Oil prices rose nearly 2% on Monday in volatile trading, bouncing off multi-month lows touched last week, as positive economic data from China and the United States fed hopes for demand despite nagging fears of a recession.

    08 August 2022 | Source: The STAR Online
    Post Type: ONLINE NEWS

    ​Macquarie Group Ltd is betting the North Sea – engine of the United Kingdom’s once-booming oil and gas industry – can be transformed into the green energy hub of Europe.

    03 August 2022 | Source: Upstream Online
    Post Type: ONLINE NEWS

    ​Norway's Aker Solutions has been awarded an engineering, procurement, construction and installation (EPCI) contract from Shell for the delivery of a not permanently attended installation for the UK supermajor's Jackdaw gas field in the central North Sea.

    02 August 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Oil prices dropped about 4% on Monday as weak manufacturing data in several countries weighed on the demand outlook while investors braced for this week's meeting of OPEC and its producer allies on supply.

    28 July 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    Oil prices edged up on Thursday, extending gains from the previous session, buoyed by lower crude inventories and higher gasoline demand in the United States. Brent crude futures for September rose 40 cents, or 0.4%, to $107.02 a barrel by 0010 GMT, after gaining $2.22 on Wednesday. 

    22 July 2022 | Source: Pressreader
    Post Type: ONLINE NEWS

    The Malaysian petrochemical industry on average will grow more than 5% to 6% yearly, and will be above Malaysia’s forecast gross domestic product (GDP) growth of 5.3% and 6.3% in 2022 said Malaysian Petrochemicals Association (MPA) president Akbar Md Thayoob yesterday.

    22 July 2022 | Source: The STAR Online
    Post Type: ONLINE NEWS

    Sustainability, growth and future aspirations of the oil and gas (O&G) industry will be the dominant themes at the largest O&G and petrochemicals conference in South-East Asia to be held in September.

    21 July 2022 | Source: RIGZONE
    Post Type: ONLINE NEWS

    Myanmar’s junta will obtain an increased stake in the country’s largest oil and gas field as TotalEnergies decided to ‘definitely’ withdraw from the country on July 20, 2022.

    21 July 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    The European Union told member states on Wednesday to cut gas usage by 15% until March as an emergency step after President Vladimir Putin warned that Russian supplies sent via the biggest pipeline to Europe could be reduced further and might even stop.

    ​Top executive at Petroleum Agency lays out the case for oil and gas exploration in country with polarised views.  A top official at South Africa’s upstream regulator has warned that if anti-fossil fuel campaign groups succeed in their aim of stopping all offshore seismic surveys, then the country “can kiss goodbye” to any of the benefits of oil and gas developments.


    15 July 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    Oil prices settled lower on Thursday, but pared nearly all losses after falling more than $4 earlier in the session as investors focused on the prospect of a large U.S. rate hike later this month that could stem inflation but at the same time hit oil demand.

    14 July 2022 | Source: The STAR Online
    Post Type: ONLINE NEWS

    U.S. crude oil imports decreased but exports increased during the week ending July 8, the U.S. Energy Information Administration (EIA) said in a report released on Wednesday.

    14 July 2022 | Source: Bloomberg
    Post Type: ONLINE NEWS

    Germany is in negotiations with some of the world’s top liquefied natural gas suppliers, including energy giant Shell Plc, to replace Russian fuel with alternative supplies. The government, which aims to begin importing LNG this winter, is currently in talks with several companies for long-term supply contracts, said people with knowledge of the matter. 

    14 July 2022 | Source: Upstream Online
    Post Type: ONLINE NEWS

    ​Majority of the workscope to be performed after final investment decision. Global engineering, procurement, construction and project management company Samsung Engineering has confirmed the award of a $680 million engineering, procurement, construction and commissioning (EPCC) contract for the onshore gas plant for Shell’s Rosmari-Marjoram project in Malaysia.

    13 July 2022 | Source: Upstream Online
    Post Type: ONLINE NEWS

    ​Brazilian state-controlled oil company Petrobras has launched a tender to contract a pioneering titanium subsea solution for a quartet of floating production, storage and offloading vessels in the giant Buzios pre-salt field.

    07 July 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    The United States on Wednesday imposed sanctions on a network of Chinese, Emirati and other companies that it accused of helping to deliver and sell Iranian petroleum and petrochemical products to East Asia, pressuring Tehran as it seeks to revive the 2015 Iran nuclear deal.

    07 July 2022 | Source: Pressreader
    Post Type: ONLINE NEWS

    Hong Leong Investment Bank (HLIB Research) believes the elevated oil price environment will persist in the second half of this year as oil demand and supply will increase over the next few months.

    06 July 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    More than 5 million barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month, according to data and sources, even as U.S. gasoline and diesel prices hit record highs.

    06 July 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    QatarEnergy on Tuesday signed a deal with Shell (SHEL.L) for the Gulf state's North Field East expansion, the first phase of the world's largest liquefied natural gas (LNG) project, following agreements with TotalEnergies , Exxon , ConocoPhillips (COP.N) and Eni (ENI.MI).

    06 July 2022 | Source: Upstream Online
    Post Type: ONLINE NEWS

    European and US crude oil futures prices fell sharply on Tuesday, which market analysts suggested was long overdue because of spreading concerns over the health of global economy.

    05 July 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    Norwegian offshore workers on Tuesday began a strike that will reduce oil and gas output, the union leading the industrial action told Reuters.The strike, in which workers are demanding wage hikes to compensate for rising inflation, comes amid high oil and gas prices, with supplies of natural gas to Europe especially tight after Russian export cutbacks.

    05 July 2022 | Source: Upstream Online
    Post Type: ONLINE NEWS

    ​New tax imposed ‘by way of special additional excise duty’ and follows sharp rise in international oil prices.India has imposed a windfall tax of 23,250 rupees ($294.3) per tonne of domestic crude production, as the government moves to curb the country’s widening deficit amid sustained high oil prices. 

    01 July 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    The Biden administration on Thursday delayed the rollout of a proposed five-year offshore oil and gas development plan that had been promised by the end of the month, according to sources. 

    30 June 2022 | Source: Upstream Online
    Post Type: ONLINE NEWS

    ​Uzbekistan is celebrating what is claimed to be country’s largest ever crude discovery after oil producer Sanoat Energetika Guruhi (SEG) reported a major new unconventional oil find in the Zarafshan depression, between the cities of Samarkand and Navoy.

    29 June 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Oil prices settled higher for a third day on Tuesday as major producers Saudi Arabia and the United Arab Emirates looked unlikely to be able to boost output significantly while Western governments agreed to explore ways to cap the price of Russian oil.

    27 June 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    Some of the leaders of the Group of Seven (G7) rich democracies are pushing for an acknowledgement of the need for new financing for fossil energies investments, two sources told Reuters on Sunday, as European states scramble to diversify supplies.

    24 June 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    Germany triggered the "alarm stage" of its emergency gas plan on Thursday in response to falling Russian supplies but stopped short of allowing utilities to pass on soaring energy costs to customers in Europe's largest economy.

    24 June 2022 | Source: The Edge Markets
    Post Type: ONLINE NEWS

    The most closely watched oil data in the world -- the US government’s Weekly Petroleum Status Report -- won’t be released as planned this week because of system issues stemming from a power problem.

    23 June 2022 | Source: The Borneo Post Online
    Post Type: ONLINE NEWS

    IN 1986, a Singapore-based company had to close its operations in Miri, Sarawak following a global oil price collapse.The company supplied marine, lifesaving, safety, and Chubb fire-fighting equipment


    23 June 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    The European Union will temporarily shift back to coal to cope with dwindling Russian gas flows without derailing longer term climate goals, an EU official said on Wednesday as a tight gas market and soaring prices set off a race for alternative fuels.

    23 June 2022 | Source: The Edge Markets
    Post Type: ONLINE NEWS

    China and India may be buying more Russian oil than the US previously believed, easing a supply crunch in global markets and potentially driving a recent price decline, one of President Joe Biden’s economic advisers said.

    22 June 2022 | Source: The STAR Online
    Post Type: ONLINE NEWS

    Handal Energy Bhd (Handal), a leading integrated services provider to the oil and gas (O&G) industry, has secured four new purchase orders (PO) and one contract extension via its wholly-owned subsidiary, Handal Cranes Sdn Bhd and 51 per cent-owned subsidiary, Borneo Seaoffshore Engineering Sdn Bhd (BSOE).

    22 June 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    Oil prices skidded in early trade on Wednesday amid a push by U.S. President Joe Biden to bring down soaring fuel costs, including pressure on major U.S. firms to help ease the pain for drivers during the country's peak summer demand.

    22 June 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    Capacity for U.S. oil refiners fell in 2021 for the second year in a row, the most recent government data showed on Tuesday, as plant shutdowns kept whittling away on their ability to produce gasoline and diesel.

    21 June 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Europe's biggest Russian gas buyers raced to find alternative fuel supplies on Monday and could burn more coal to cope with reduced gas flows from Russia that threaten an energy crisis in winter if stores are not refilled.

    21 June 2022 | Source: The Edge Market
    Post Type: ONLINE NEWS

    The Middle East could help ease a global diesel-supply crunch as it drives an expansion in refining capacity in the coming year.

    20 June 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​​Germany on Sunday announced its latest steps to boost gas storage levels to prepare for the next winter season, when it fears Russia, which has cut deliveries in recent days, could reduce or even completely halt supplies.

    17 June 2022 | Source: The STAR Online
    Post Type: ONLINE NEWS

    ​Sapura Energy Bhd’s drilling and engineering and construction business segments, through its wholly owned subsidiaries and joint-venture, have secured six major contracts in the Asia-Pacific and Atlantic region with a combined value of RM2.7bil.

    17 June 2022 | Source: Forbes
    Post Type: ONLINE NEWS

    ​Global gas and LNG markets have been significantly disrupted by the war in Ukraine. A glorious opportunity has been presented to suppliers with LNG available who can fill the void left by Russia’s diminishing role and capitalise on high prices.

    13 June 2022 | Source: ASTRO Awani
    Post Type: ONLINE NEWS

    ​Pemain industri minyak dan gas (O&G) domestik menjangkakan aliran kerja yang lebih tinggi pada suku akan datang susulan langkah PETRONAS meningkatkan perbelanjaan modal (capex) sebanyak RM60 bilion tahun ini, demikian menurut AmInvestment Bank Research.

    09 June 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    After more than a year of pressure from the United States and other top oil consuming countries, OPEC+ finally agreed to accelerate oil supply increases last week to tame runaway fuel prices and slow inflation.


    09 June 2022 | Source: Upstream Online
    Post Type: ONLINE NEWS

    ​Steep reduction in Russian flows across the country prompts a new call for Nord Stream sanctions. Ukraine’s state-owned Naftogaz Ukrainy is investigating ways of importing an estimated 6 billion cubic metres of gas before the end of October to boost reserves in underground storage ahead high consumption over winter.

    08 June 2022 | Source: The STAR Online
    Post Type: PRINTED NEWS

    Malaysia has begun work on replacing its blanket petrol and cooking oil subsidies with a more targeted approach, as government spending rises to blunt higher living costs.

    08 June 2022 | Source: The STAR Online
    Post Type: ONLINE NEWS

    Dayang Enterprise Holdings Bhd has bagged a contract to provide maintenance, construction and modification of PM8E Seligi oil fields located 240km offshore Peninsular Malaysia.

    08 June 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    Oil prices gained about 1% on Tuesday, with U.S. crude settling at a 13-week high on supply concerns, including no nuclear deal with Iran, and prospects for demand growth in China, which is relaxing lockdowns to control the pandemic.

    08 June 2022 | Source: Upstream Online
    Post Type: ONLINE NEWS

    Malaysia's Dialog Group has come to an agreement with a Canadian energy company for the all-cash purchase of a majority interest in a producing oil complex onshore Thailand. Canadian seller and Malaysian buyer come to agreement on L53/48 concession. 

    08 June 2022 | Source: The STAR Online
    Post Type: ONLINE NEWS

    Canada increased its crude oil and natural gas production in March to meet domestic and global demand amid market uncertainty caused by the conflict in Ukraine and sanctions imposed on Russia, Statistics Canada announced Tuesday.

    07 June 2022 | Source: Pressreader
    Post Type: ONLINE NEWS

    AS oil prices remain stubbornly high and the costs of the prolonged subsidies on petrol prices in Malaysia start to bite, there are many calls for universal petrol subsidies, enjoyed by rich and poor alike, to be replaced by so-called, “targeted subsidies”.

    07 June 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    Oil prices settled slightly lower after choppy trade on Monday, buoyed by Saudi Arabia raising its July crude prices but amid doubts that a higher output target for OPEC+ oil producers would ease tight supply.

    03 June 2022 | Source: Upstream Online
    Post Type: ONLINE NEWS

    ​Thailand’s national upstream company PTTEP and Algerian state-owned counterpart Sonatrach have achieved first oil at the Hassi Bir Rekaiz project onshore Algeria.

    01 June 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Some OPEC members are considering the idea of suspending Russia in an oil production deal as Western sanctions hurt the nation's ability to produce more, the Wall Street Journal reported on Tuesday, citing OPEC delegates.

    31 May 2022 | Source: Read IT Quik
    Post Type: ONLINE NEWS

    ​India has received 34 million barrels of discounted Russian oil since Moscow invaded Ukraine on Feb. 24, according to Refinitiv Eikon data, more than trebling the value of total imports from Russia, including other products, compared with the same period of 2021.

    30 May 2022 | Source: Oil Price
    Post Type: ONLINE NEWS

    These are rocky times for most investments. The S&P 500 and Nasdaq have each fallen for seven consecutive weeks while the Dow Jones Industrial Average has fared even worse, dropping for eight weeks straight, the longest losing streak for the index since the Great Depression, in 1932. 

    30 May 2022 | Source: Upstream Online
    Post Type: ONLINE NEWS

    Australian independent Western Gas has spudded one of the nation’s most keenly anticipated offshore wildcats of 2022.

    30 May 2022 | Source: The STAR Online
    Post Type: ONLINE NEWS

    KKB Engineering Bhd’s oil and gas subsidiary OceanMight Sdn Bhd has bid for fabrication jobs for offshore structures worth about RM123mil.

    27 May 2022 | Source: Pressreader
    Post Type: ONLINE NEWS

    Velesto Energy Bhd is expected to face challenges because of the poor local demand for jack-up rigs, said Kenanga Investment Bank Bhd (Kenanga Research).

    26 May 2022 | Source: Upstream Online
    Post Type: ONLINE NEWS

    Shareholders at US supermajor ExxonMobil voted 52% in favour of the board of directors seeking an audited report assessing climate scenarios that were laid out by the International Energy Agency (IEA) on the company’s business.

    25 May 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    Saudi Arabia does not expect an immediate shortage of oil and only a certain shortage of oil products, the country's foreign minister Prince Faisal bin Farhan Al Saud said on Tuesday when asked why Riyadh has rebuffed U.S. calls to raise production.

    24 May 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Indonesia has no plans to reduce the percentage of palm oil in biodiesel below its current level of 30% in order to ensure the country's energy supply, its minister for economic affairs, Airlangga Hartarto, told Reuters on Monday.

    24 May 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Oil prices were little changed on Monday, settling just slightly higher as worries over a possible recession vied with an outlook for higher fuel demand with the upcoming U.S. summer driving season and Shanghai's plans to reopen after a two-month coronavirus lockdown.

    20 May 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Oil prices rebounded from two days of losses in a volatile session on Thursday, bolstered by weakness in the dollar and expectations that China could ease some lockdown restrictions that could boost demand.

    19 May 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Oil prices fell 2.5% on Wednesday, reversing early gains as traders grew less worried about a supply crunch after government data showed U.S. refiners ramped up output, and as crude futures followed Wall Street lower.

    18 May 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Brazil state-run power company Eletrobras could be privatized as soon as June although the deadline to carry the share offering on the basis of its first-quarter financial results is in mid-August, the company's Chief Executive Rodrigo Limp said on Tuesday.

    13 May 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​The European Commission plans to unveil a 195 billion euro plan to stop importing Russian fossil fuels by 2027, combining a faster rollout of renewable energy and energy savings with a switch to alternative gas supplies, draft documents show.

    13 May 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Pressure on Europe to secure alternative gas supplies increased on Thursday as Moscow imposed sanctions on European subsidiaries of state-owned Gazprom a day after Ukraine stopped a major gas transit route.

    12 May 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Colombia will prioritize signing contracts for oil and gas blocks with companies making greater strides to cut carbon emissions, a government official said on Wednesday, adding the country needs to assign an average of 10 blocks a year to maintain fuel self-sufficiency.

    11 May 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Venture Global LNG said on Tuesday it would supply two million tonnes of liquefied natural gas (LNG) a year to Exxon Mobil Corp (XOM.N), a sign of its rapid rise in the ranks of LNG suppliers and the strong global demand for U.S. LNG.

    11 May 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Ukraine said on Tuesday it would suspend the flow of gas through a transit point which it said delivers almost a third of the fuel piped from Russia to Europe through Ukraine, blaming Moscow for the move and saying it would move the flows elsewhere.

    10 May 2022 | Source: Pressreader
    Post Type: ONLINE NEWS

    THE share prices of public-listed upstream and downstream oil and gas (O&G) companies are rallying on the back of steady global oil price, which may stay above US$100 per barrel until year end.



    10 May 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Oil prices sank about 6% on Monday alongside equities, as continued coronavirus lockdowns in China, the top oil importer, fed worries about the demand outlook.

    09 May 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Japan will ban Russian crude oil imports "in principle," as part of a Group of Seven (G7) campaign to counter Russia's invasion of Ukraine, Prime Minister Fumio Kishida said after an online meeting of G7 leaders on Sunday.

    06 May 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​U.S. forecasts anticipating oil production rising 800,000 to 1 million barrels per day this year are "too aggressive," shale giant Pioneer Natural Resources' CEO Scott Sheffield said on Thursday, suggesting oil prices could rise further.

    05 May 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    Top U.S. shale producers on Wednesday reported blockbuster first-quarter profits and most poured cash into higher dividends and share buybacks as oil prices churned along at the highest levels in years.​

    29 April 2022 | Source: Nikkei Asia
    Post Type: ONLINE NEWS

    Scholz and Kishida agree to launch intergovernmental consultations next year. From cooperating on hydrogen as an alternative power source to gas and coal, to launching intergovernmental consultations, "Germany and Japan will strengthen their partnership at every level," German Chancellor Olaf Scholz said during a visit to Tokyo.

    29 April 2022 | Source: Nikkei Asia
    Post Type: ONLINE NEWS

    ​Oil giant starts cutting production as it declares force majeure. Exxon Mobil is downsizing operational staff at Sakhalin-1, an oil production project in Russia's Far East, and is preparing to exit the business, sources from the Japanese government and Exxon told Nikkei.




    29 April 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Asian oil refiners are reaping their highest profits ever this week, spurred by higher fuel demand during peak holiday seasons as more economies recover from the COVID-19 pandemic while the region ramps up exports to Europe to replace a Russia shortfall.

    28 April 2022 | Source: Oil Price
    Post Type: ONLINE NEWS

    I​n response to Russia’s move to cut off gas to Poland and Bulgaria, the Biden administration has authorized more LNG shipments from two U.S. plants currently in the development phase

    28 April 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Malaysian state energy firm PETRONAS is seeing growing demand for gas as the world lifts COVID-19 restrictions and prioritises energy security due to Russia’s invasion of Ukraine, its chief of upstream operations told Reuters on Wednesday.

    27 April 2022 | Source: OilPrice.com
    Post Type: ONLINE NEWS

    ​Both the European Union and the United States are firmly on the path to a net-zero economy. This much has been made clear by officials from both sides of the Atlantic despite the EU’s hunt for more gas and the Biden administration’s calls for more oil production.

    26 April 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Russia said on Monday it would investigate the cause of a large fire that erupted in the early hours of the morning at an oil storage facility in the city of Bryansk 154 km (96 miles) northeast of the border with Ukraine.

    26 April 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    Oil slumped about 4% on Monday to its lowest in two weeks on growing worries about the global energy demand outlook due to prolonged COVID-19 lockdowns in Shanghai and potential increases in U.S. interest rates.

    22 April 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​he U.S. Department of Energy said on Thursday it has awarded contracts for 30 million barrels of crude oil in the initial round of the largest sale ever from the Strategic Petroleum Reserve (SPR) in response to price hikes caused by Russia's invasion of Ukraine.

    21 April 2022 | Source: Forbes
    Post Type: ONLINE NEWS

    ​Germany will stop importing Russian oil and will gradually halt natural gas imports, German Foreign Minister Annalena Baerbock said Wednesday, the strongest promise yet from Germany to cut itself off from the Russian energy it strongly relies on and has been reluctant to ban.

    18 April 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Libya halted oil production from its El Feel oilfield on Sunday and two sources at Zueitina oil port said exports there had been suspended after protesters calling for Tripoli-based Prime Minister Abdulhamid al-Dbeibah to resign took over the sites.

    15 April 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Enel is planning to ramp up its growth in renewable power in Brazil in the coming years with new investments in onshore solar and wind generation plants, the company's Chief Executive Officer Francesco Starace said on Thursday.

    15 April 2022 | Source: Oil Price
    Post Type: ARTICLE

    ​The leaders of the European Union member states are expected to discuss at their summit at the end of May the idea of jointly buying natural gas to avoid competing with each other for non-Russian supply as the EU seeks to cut its dependence on Moscow, Bloomberg reported on Thursday, citing sources with knowledge of the plans.

    15 April 2022 | Source: Hellenic Shipping News Worldwide
    Post Type: ONLINE NEWS

    Italian energy group Eni ENI.MI announced late on Wednesday new oil and gas discoveries in Egypt’s Meleiha concessions, which would add around 8,500 daily barrels of oil equivalent to production.




    13 April 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​OPEC on Tuesday cut its forecast for growth in world oil demand in 2022 citing the impact of Russia's invasion of Ukraine, rising inflation as crude prices soar and the resurgence of the Omicron coronavirus variant in China.

    13 April 2022 | Source: The Edge Markets
    Post Type: ONLINE NEWS

    ​OPEC has cut its oil demand growth estimate for 2022 by nearly 500,000 barrels per day (bpd) due to lower global economic growth projections against the backdrop of the Russian war in Ukraine and the return of Covid lockdowns in China.

    12 April 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Oil prices fell about 4% on Monday, with Brent crude tumbling below $100 a barrel on worries that the COVID-19 pandemic will cut demand in China and as International Energy Agency (IEA) countries plan to release record volumes of oil from strategic stocks.

    11 April 2022 | Source: Oil Price
    Post Type: ARTICLE

    Europe’s planned ban on imports of Russian coal is set to further tighten an already tight global coal market and create a domino effect on the prices of coal, natural gas, and electricity not only in Europe but also in other regional markets. 

    11 April 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Oil prices slipped in early Asian trading, following the second straight weekly decline after world consumers announced plans to release crude from strategic stocks and as Chinese lockdowns continued.

    06 April 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​U.S. oil executives will tell Congress on Wednesday they are boosting energy output and no one company sets the price of gasoline, according to pre-released written testimony, as they defend charges by lawmakers of gouging with high fuel prices.

    06 April 2022 | Source: Upstream Online
    Post Type: ONLINE NEWS

    ​The Australian government has imposed a temporary levy on the oil and gas industry to recover its costs of decommissioning and remediating the Laminaria and Corallina oilfields and associated infrastructure.

    05 April 2022 | Source: Upstream Online
    Post Type: ARTICLE

    ​Malaysia’s national oil company PETRONAS has denied calling off a tender aimed at chartering a state-of-the-art deep-water drilling rig for Brazil, contradicting an Upstream report from 7 March.


    01 April 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​U.S. oil prices fell 7% to close just above $100 on Thursday as President Joe Biden announced the largest ever release from the U.S. Strategic Petroleum Reserve and called on oil companies to increase drilling to boost supply.

    01 April 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​Russian President Vladimir Putin is demanding foreign buyers pay for Russian gas in roubles from Friday or else have their supplies cut, a move European capitals rejected and which Germany said amounted to "blackmail".

    31 March 2022 | Source: Reuters
    Post Type: ONLINE NEWS

    ​U.S. commercial crude stocks and the country's strategic reserves both fell in the most recent week as refiners ramped up output amid global supply tightness, the Energy Information Administration said on Wednesday.