France is willing to resume talks with Spain about building a gas pipeline connecting the two countries as Europe races to reduce its dependence on Russian gas. France, which has long resisted Spanish calls to build the link, is now willing to discuss the viability of the so-called Midcat pipeline …

Three Norwegian gas fields have had their production licenses adjusted and will thus be able to maintain their high production levels in the future. “These decisions will not significantly increase the total daily export of gas from the Norwegian continental shelf, but facilitate that the current high level of delivery …

The upheaval in oil and gas markets triggered by Russia’s invasion of Ukraine could accelerate the world’s transition away from fossil fuels, said the International Energy Agency. Western nations are looking for ways to quickly wean themselves off Russian energy exports. The U.K. and the U.S already announced bans on …

The Organisation of Petroleum Exporting Countries (OPEC) has revealed that Nigeria’s crude oil production fell to 1.417 million barrels per day in the month of February compared to 1.427 for the month of January. OPEC revealed this in its Monthly Oil Market report, warning that disruption to global trade flows …

Japan asked the United Arab Emirates on Tuesday to make “proactive contributions” as a major oil producer to help stabilize surging crude oil prices triggered by Russia’s invasion of Ukraine, and the two agreed to work closely, Prime Minister Fumio Kishida has said. After a phone call with Crown Prince …

In a potential big breakthrough on shipping’s path to decarbonisation, the Japanese look like they have minimised the issue of methane slip for ships using LNG as a fuel. Hitachi Zosen, Mitsui OSK Lines (MOL) and Yanmar Power Technologies have received approval in principle from ClassNK for a methane oxidation …

India is pinning hope on the resumption of crude oil supplies from Venezuela and Iran. India, the world’s third-largest energy-consuming and importing nation, is pinning hope on resumption of crude oil supplies from Venezuela and Iran as well as higher production from OPEC+ nations to help cool international oil prices …

Oil prices tumbled more than 6 per cent, adding to Monday’s drop of more than 5 per cent, as both the New York- and London-traded benchmarks settled below the key USD 100 per barrel mark for the first time since the start of Russia’s “special military operation” in Ukraine. Crude …

Governments around the world are pushing for the rapid development of renewable energy projects in an attempt to move away from fossil fuels. But as Europe and the U.S. speed ahead with new solar and wind projects, the criticism these projects are facing is ramping up as well. Whether or …

Shunned by the West, Russia is looking to the East for partners in its oil and gas sector and for willing buyers of its crude. The closest partner east of Moscow is China, the world’s top oil importer, which is reportedly already taking advantage of the exodus of western companies …