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Saudi Arabia’s signal from two weeks ago that OPEC+ could decide to cut production at any time, in any form, managed to lift Brent oil prices to above $100 per barrel for around a week. But this week, fresh lockdowns in China, intensified fears of recession, and guidance that the …

Namibian offshore oil and gas discoveries by TotalEnergies and Shell are of commercial quantities, likely in the billions of barrels, the southern African nation’s mines and energy minister said on Friday. Both companies announced earlier this year that they had made “significant” discoveries offshore Namibia, and are currently making assessments. …

A top Russian official has accused the United States and its allies of trying to provoke the country’s break-up and warned that such attempts could lead to doomsday. Dmitry Medvedev, the deputy secretary of Russia’s Security Council chaired by President Vladimir Putin, warned the West that any attempt to push …

Abu Dhabi National Oil Company (ADNOC) said that its first shipment of low-carbon ammonia has left the UAE bound for Hamburg, Germany, marking the first ever cargo of low-carbon ammonia to be shipped to the European country. The demonstration cargo will be delivered to Aurubis, a leading global provider of …

French Energy Minister Agnes Pannier-Runacher said Friday that French electricity giant EDF has pledged to restart all of its nuclear reactors by this winter to help the country overcome a broad energy crisis exacerbated by the situation around Ukraine, AP reported. Pannier-Runacher said the government is taking steps to avoid …

European natural gas prices could approach highs set in August after Russia said its key pipeline to Europe won’t resume flows as planned, according to Goldman Sachs Group Inc. The news will probably “reignite market uncertainty regarding the region’s ability to manage storage through winter” and is set to drive …

Russia’s Gazprom said on Saturday Siemens was ready to carry out repairs on the Nord Stream 1 pipeline but there was nowhere available to carry out the work, a suggestion Siemens denied and said it had not been asked to do the job. Gazprom’s statement came a day after it …

Europe’s looming winter fuel crisis has deepened after Russia shut down a key gas pipeline to Germany, claiming the indefinite stoppage was due to what experts say is a minor oil leak. Nord Stream 1, which runs under the Baltic Sea, had been due to resume operating on Saturday after …

As winter nears, European nations, desperate to replace the natural gas they once bought from Russia, have embraced a short-term fix: A series of roughly 20 floating terminals that would receive liquefied natural gas from other countries and convert it into heating fuel. Yet the plan, with the first floating …

Offshore oil and gas drilling and projects are set for robust growth in the coming years thanks to the world’s clear need for continued large volumes of fossil fuels as evidenced by the ongoing energy crisis in Europe and tight markets. High-impact drilling is returning after the COVID-induced slump, while …