United Arab Emirates renewable energy company Masdar, state oil firm Abu Dhabi National Oil Company (ADNOC) and oil major BP, reports Reuters. BPL agreed to conduct a joint feasibility study on exploring the production of sustainable aviation fuel (SAF) in the UAE, Masdar said in a statement on Friday. The …

Eni and Algeria’s Sonatrach have signed two deals on future projects on energy supply, energy transition and decarbonisation, the Italian energy group said on Monday. The agreements were signed in Algiers in the presence of Italy’s Prime Minister, Giorgia Meloni, and Algeria’s President, Abdelmadjid Tebboune. Under the deals, Eni and …

Uzbekistan has resumed gas imports from Turkmenistan, Trend reports via Uzbek Uztransgaz Company. According to the source, on January 21, 2023, Turkmenistan’s Türkmengaz state-owned company resumed gas supplies to Uzbekistan. Due to an accident that occurred at the Galkanish gas field of Turkmenistan since January 12, 2023 gas supply to …

Oil prices slightly dropped on Monday underpinned by tentative economic growth in China and potential recession in the US. International benchmark Brent crude traded at $87.51 per barrel at 9.54 a.m. local time (0654GMT), down 0.14% from the closing price of $87.63 a barrel in the previous trading session. The …

European natural gas fluctuated with Norwegian supplies expected to drop to the lowest in more than two months in the middle of a cold snap that’s boosting demand. Available capacity at several Norwegian facilities has been reduced by works and orders for shipments have fallen. While flows from the country …

In its latest monthly report, the agency declared that the total oil production of the Organization of the Petroleum Exporting Countries in the last month of the past year stood at 29.19 million barrels per day, and the total oil production of 13 OPEC member states decreased 40k bpd in …

The United Arab Emirates and India are discussing ways to boost non-oil commerce in rupees as the Gulf country looks to strengthen ties with its second-largest trade partner. “We are still in early-stage discussions with India on this dirham-rupee trade,” Thani al-Zeyoudi, the UAE’s Minister of State for Foreign Trade, …

Oil prices settled on Thursday at their highest level since December 1 as the market is turning bullish on China’s oil demand this year. The Chinese reopening is set to drive oil demand growth and push oil higher if most of the developed economies manage to avoid recessions, analysts say. …

Oil prices slightly rose on Friday over demand worries after a higher-than-expected increase in oil stockpiles in the US, the world’s largest oil consumer. International benchmark Brent crude traded at $82.75 per barrel at 09.22 a.m. local time (0622GMT), a 0.10% increase from the closing price of $82.67 a barrel …

Norwegian state-owned energy giant Equinor has received consent from the country’s offshore safety regulator to use one of Transocean’s semi-submersible rigs for plugging, drilling and completion activities at a field in the North Sea off Norway. The Petroleum Safety Authority Norway (PSA) revealed on Thursday that it had given Equinor …