International

Fuel suppliers are rushing to secure alternative methods of delivery to avert fuel shortages from Atlanta to New York after a ransomware attack shut down the nation’s biggest oil-products pipeline. Traders and fuel shippers are seeking barges and ships to deliver gasoline that would have otherwise been shipped on the …

One of the nation’s largest pipelines, which carries refined gasoline and jet fuel from Texas up the East Coast to New York, was forced to shut down after being hit by ransomware in a demonstration of the vulnerability of energy infrastructure to cyberattacks. The operator of the system, Colonial Pipeline, …

Committed gas investments in the Middle East and North Africa (Mena) region for the period 2021-2025 are expected to total $75bn, Arab Petroleum Investments Corporation (Apicorp) said. Qatar, Saudi Arabia, and Iraq are the “top three Mena countries in terms of committed gas investments”, the multilateral development financial institution said …

Norway is trying to make its dirtiest industry as clean as possible. The multi-billion-dollar plan will do little to reduce the nation’s overall climate impact. The Nordic country will use land-based green hydropower to electrify dozens of offshore oil and gas platforms. That will help meet national climate targets, and …

Eleven EU countries have signed a declaration calling on the European Union to stop funding fossil fuels under its trans-European energy infrastructure regulation (TEN-E), which is currently under revision. The non-paper – EU jargon for an informal document – follows discussions in Brussels on Wednesday (5 May) about the contribution …

Russia’s Ministry of Finance said on Wednesday that the average price for domestic Urals oil benchmark stood at $62.50 per barrel in April, which is a 340% increase in annual terms. According to the ministry, in the first four months of the year the average price for the Russian export …

The Nord Stream 2 gas pipeline is among matters having no common assessment in the Trans-Atlantic aspect, German Chancellor Angela Merkel said at an online conference on Wednesday. “It is important to speak also in future about matters probably having no common assessment in the Trans-Atlantic partnership. The topic of …

Press reports quote Iraq’s oil minister as saying that Iraq could buy ExxonMobil’s 32.7-percent stake in the West Qurna 1 oil field. Ihssan Abdul-Jabbar Ismail told a news conference on Monday that the government might purchase the stake via the state-owned Basra Oil Company (BOC). BOC previously took over the …

Iraq’s Oil Minister, Ihssan Abdul-Jabbar Ismail, has said that Iraq will invest $3 billion in the Basra Gas Company (BGC) over the next five years, as it pushes ahead with plans to increase gas production. The money will fund projects intended to increase BGC’s gas production capacity from 1,000 to …

Iraq plans to invest $3 billion in the Basra Gas Company over the next five years, the Iraqi News Agency reported on Monday. “The aim is to increase gas production capacity by 40 percent as we seek to reach 1,400 million cubic meters of gas,” Oil Minister Ihsan Abdul Jabbar …