For several years, oil and gas companies have found themselves the target of attacks from investors, the non-governmental sector, and governments for their alleged lead role in climate change. From shareholder resolutions pushing for greater commitments to reducing greenhouse gas emissions to lawsuits to force oil and gas operators to …
Read More »IEA Welcomes Russia’s Plan to Export Gas to Afghanistan
The Islamic Emirate of Afghanistan’s (IEA) Ministry of Industry and Commerce (MoIC) has welcomed Russia’s suggestion that it will export gas to Afghanistan and Pakistan. The ministry said in a statement on Saturday that the Islamic Emirate is fully committed to positive economic relations with all countries and has already …
Read More »Egypt Alocates more Land for Renewables, Green Hydrogen
Egypt’s Cabinet on Thursday approved several proposals that support the deployment of renewable energy and green hydrogen in various regions of the country. At a meeting in the New Administrative Capital chaired by prime minister Mostafa Madbouly, the Cabinet decided to allocate 141,075 feddans (228.8 sq mi/592.5 sq km) of …
Read More »Gazprom Eyes Fast-Growing Chinese Market as its Exports Plunge by 50%
Gazprom’s natural gas exports this year have fallen by close to 50 percent to 100.9 billion cubic meters outside the former Soviet Union, Bloomberg reported this week, citing a statement by the giant’s chief executive Alexander Miller. This is the lowest since 2000, the report noted. The drop was the …
Read More »China Reveals Key Achievements, Tasks for Energy Development
China’s energy regulator presented its major achievements in energy development in 2022 and outlined its objectives for the coming year at the National Energy Work Conference on Friday. In 2022, China made significant strides in increasing oil and gas storage and production, with crude oil output reaching 200 million tonnes …
Read More »Chevron Sending Tanker to Venezuela to Load Oil
U.S. oil company Chevron has a tanker on the way to sanctioned Venezuela, where it will pick up a load of crude oil destined for the United States. The crude cargo will be the first Venezuelan crude oil shipment to arrive in the United States in almost four years, according …
Read More »Iran Rich Gas Output Hits 1.04 bcm/d
National Iranian Oil Company (NIOC) produces 1 billion and 40 million cubic meters of gas daily from 23 gas fields in the country, said a NIOC official. The director of production supervision of National Iranian Oil Company (NIOC) said that currently, NIOC produces 1 billion and 40 million cubic meters …
Read More »Russia’s Price Cap Retaliation could Boost India’s Oil Imports
The crude oil export ban for countries implementing the G7 price cap that Russia announced this week could stimulate more exports to India, the Economic Times has reported, citing Indian industry executives. Earlier this week, President Vladimir Putin said Russia will stop selling crude to any buyer that includes a …
Read More »Natural Gas Prices Set for a Sustained Rally in 2023
Despite the recent drop in natural gas prices in Europe thanks to unseasonably warm weather, the commodity is set to end 2022 with a significant overall gain. What’s more, per a Reuters report, gas investors could look forward to another strong year in 2023 as most signs point to a …
Read More »Keystone Pipeline Restarts
The Keystone pipeline that was shut down earlier this month after a spill has returned to operation TC Energy, its operator, said. TC Energy shut down the pipeline, which is a vital conduit for Canadian oil to the United States, after a leak was reported in Nebraska, into a creek. …
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