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The National Oil Corporation (NOC) announced that the Russian Tatneft Company has initiated the completion of drilling for the identified Well No. B-82 in the Hamada area in the Ghadames Basin, which is progress ceased in February 2011 at a depth of 3900 feet. The NOC indicated that Tatneft will …

The European Commission published Wednesday the “EU’s Arctic Strategy” outlining the EU’s goals within the arctic. These aims include prohibiting future mining of oil, coal, and gas in Arctic regions, given the current climate crisis. The Arctic Strategy states, “The EU is committed to ensuring that oil, coal, and gas …

Russia’s gas giant Gazprom could increase production capacity if it sees higher demand for volumes under long-term supply contracts from Europe, Russian Deputy Prime Minister Alexander Novak said on Friday. Speaking about Gazprom’s production facilities and deliveries to Europe in September, Novak told Russian news outlet Business FM that production …

A global energy crunch is expected to boost oil demand by half a million barrels per day (bpd) and could stoke inflation and slow the world’s recovery from the COVID-19 pandemic, the International Energy Agency (IEA) said on Thursday. Oil and natural gas prices have soared to multiyear highs recently, …

OPEC leader Saudi Arabia dismissed calls for speedier oil output increases on Thursday, saying its efforts with allies were enough and protecting the oil market from the wild price swings seen in natural gas and coal markets. “What we see in the oil market today is an incremental (price) increase …

The Iraqi Oil Minister, Ihsan Abdul-Jabbar Ismail, stressed the need to increase investments and support projects to develop the gas sector to meet the growing need for clean fuels in global markets. This came on the sidelines of his participation in the work of the World Energy Forum week in …

China’s energy crunch pulled in more coal and gas imports in September, as buyers scrambled to ensure adequate supplies to counter a deepening power shortage ahead of peak winter demand. Coal purchases rose 17% on the month to 32.9 million tons, the highest total this year, according to the customs …

Russian President Vladimir Putin said Russia was not using gas supply as a weapon and was ready to help ease Europe’s energy crunch as the EU called an emergency summit to tackle skyrocketing prices. Energy demand has surged as economies have rebounded from the pandemic, driving up prices of oil, …

Filling of the first string of the Nord Stream 2 gas pipeline with gas will not take a lot of time and it has been almost completely filled already, Chairman of the Energy Committee of the State Duma, the lower house of the Russian parliament, Pavel Zavalny told TASS on …

Russian gas giant, Gazprom, said it signed an agreement with Russian “of intent on hydrogen energy” aimed at technologies for hydrogen production with natural gas processing. “Alexander Novak, Deputy Prime Minister of the Russian Federation, and Oleg Aksyutin, Deputy Chairman of the Management Committee – Head of Department at Gazprom, …