Royal Dutch Shell is considering a return to Libya with a plan to develop new oil and gas fields and infrastructure, as well as a solar project, two sources said, a decade after exiting the North African country because of unrest. The plan, details of which were seen by Reuters, …

The U.S. is trying to re-focus its energy relationship with top Middle East OPEC countries, notably Saudi Arabia, after a period of tension between Washington and Riyadh over high oil prices. Amos Hochstein, the top American energy diplomat, held meetings this week with officials in the Middle East, including Saudi …

Saudi Aramco has awarded subsurface and engineering, procurement and construction (EPC) contracts worth $10bn for the development of the Jafurah gas field. The contracts have been awarded to 16 undisclosed domestic and international service companies for the Jafurah Gas Plant and gas compression facilities, as well as infrastructure and related …

Just a few days after the go-ahead of a giant commercial-scale offshore wind project off the coast of Martha’s Vineyard in the US state of Massachusetts, the US Interior Department approved the second major offshore wind farm. The approximately 130MW South Fork Wind project will be located 19 miles southeast …

The reserves in European underground gas storage facilities currently equal 75.5 bln cubic meters, which is 15 bln cubic meters below the average level, department head of Gazprom Export, the export arm of the Russian gas holding Gazprom, Andrei Zotov told a telephone conference on Monday. “As for today’s total …

The head of Atomic Energy Organization of Iran (AEOI) has said that the Vienna talks are on return of the US to the July 2015 nuclear deal and that the United States has to lift all sanctions. Removal of the sanctions has to be practical and have the possibility to …

OPEC+ oil producers meet Thursday under pressure from US President Joe Biden, who has opened up his country’s taps hoping to bring down crude prices, and a new Covid-19 variant that has complicated the equation. The meeting “is shaping up to be one of the most significant since the pandemic …

After news emerged that an Omicron variant of the coronavirus existed, the World Health Organization speculated that the strain could be more infectious and resistant to existing vaccines than other high-profile strains. Following this assessment, oil prices slumped more than 10 percent amid fears that new lockdowns could lead to …

OPEC+ has postponed its Joint Ministerial Monitoring Committee (JMMC) meeting in order to assess the new Omicron strain of COVID-19, Russia’s Deputy Prime Minister Alexander Novak said on Monday. Originally scheduled for Nov. 30, the JMMC online meeting will now be held on Dec. 2, the same day as the …

Saudi Arabia’s Energy Minister Abdulaziz bin Salman played down the likely fallout from the new coronavirus variant that pummeled oil markets last week. “I’m a very relaxed person. I’m not concerned,” the minister said when asked how the new strain may affect demand. Abdulaziz, who was speaking to reporters in …