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Some European Union countries are trying to weaken the bloc’s planned law to cut methane emissions in the oil and gas sector, documents show, weeks after the EU pledged at the COP27 climate conference to do more to tackle the potent greenhouse gas. Methane is the second biggest cause of …

India could attract some $10 billion in low-carbon energy investments next year, Bank of America analysts have estimated, noting the subcontinent as a bright spot in a subdued capital-raising market. “If you really have to get your ESG story right, and if you are into energy, then you can do …

Saudi Aramco is in early-stage talks with potential equity investors that would help fund a huge $110 billion unconventional gas field development in the Kingdom, sources with knowledge of the negotiations told Bloomberg on Monday. Aramco is seeking investors to back the field development of Jafurah, the largest non-associated gas …

Russia was shipping more than 3 million barrels per day (bpd) of crude oil to Asia in the week to December 9, the week in which the EU embargo on imports of Russian crude by sea came into force, vessel-tracking data monitored by Bloomberg showed on Monday. The volumes being …

The U.S. Department of Energy on Tuesday will announce that scientists at a national lab have made a breakthrough on fusion, the process that powers the sun and stars that one day could provide a cheap source of electricity, three sources with knowledge of the matter said. The scientists at …

U.S. Energy Information Administration (EIA) in a recent report has put Iran’s oil revenues earned in the first seven months of 2022 at $34 billion, only five billion less than Iran’s total oil revenue in 2021. Based on the EIA report, Iran’s average monthly income from oil sales in January-July …

Tuesday saw an increase in oil prices for a second day as a major pipeline supplying the United States, the world’s largest consumer of crude, remained closed and on hopes that demand will increase as COVID limits are eased in China, the world’s second-largest consumer of petroleum. Supply has been …

Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said the impact of European sanctions on Russian crude oil and the cap that the Group of Seven nations has imposed on the price of Russian barrels is not clear yet. “In terms of sanctions and price caps, these have not yielded …

TotalEnergies on Monday said it was working towards exploiting its new Lebanon Block 9 offshore gas project from next year, adding that it would likely select the vendor for a new drilling rig in the the first quarter of 2023. “Pre-orders have also been placed with suppliers for equipment required,” …

The Organisation of Petroleum Exporting Countries (OPEC), has said the Document of Cooperation between the cartel and non-OPEC members has stabilised the oil market. OPEC Secretary-General, Haitham Al Ghais, in a statement at the weekend to mark the sixth year of the agreement, added that it has also helped in …