As many as 35 major cyberattacks on energy and oil infrastructure have taken place since 2017, making up one-third of all cyberattack incidents of the past five years, data from the S&P Global Platts Oil Security Sentinel research project showed on Friday. Since 2017, the U.S. has been the most …
Read More »OPEC+ would Seek to Woo Iran into Supply Cut Deal Post Sanctions
Sources close to the Organization of Petroleum Exporting Countries (OPEC) have told Reuters that OPEC+ is expected to persuade Iran to join the group’s cut deal if the U.S. sanctions are lifted from the country’s oil industry. A successful outcome to the Vienna nuclear talks could lift U.S. sanctions on …
Read More »USA Adds Several Rigs Week on Week
The U.S. added seven rigs week on week, according to Baker Hughes’ latest rotary rig count, which was published on December 10. The additions comprised six land rigs and one offshore rig, Baker Hughes’ count showed. They take the country’s total rig count up to 576, comprising 560 land rigs, …
Read More »The Olympics’ Climate Problem
The 2022 Winter Olympic games are coming to an end this weekend in China. The games have been surrounded by huge amounts of controversy, from diplomatic boycotts over human rights concerns to complaints over a Taiwanese athlete wearing a uniform with China written on it. One large area of controversy …
Read More »The U.S. will be a Net Oil Importer in 2022
Higher net crude oil imports are set to make the United States a net petroleum importer this year again, as in 2021, after a historic shift of being a net petroleum exporter in 2020, the U.S. Energy Information Administration (EIA) said on Friday. A net petroleum importer is a country …
Read More »India Aims to be Green Hydrogen Hub
India has unveiled the first part of a drive to attempt to turn the world’s third-largest emitter of greenhouse gases into a “hub” for green hydrogen. Green hydrogen is produced using non-fossil fuel power and is then used in carbon-heavy industrial processes like making steel and concrete, and for transportation. …
Read More »Europe Is Running out of Space for LNG
After the massive influx of US liquefied natural gas to make up for lower pipeline supplies from Russia amid high demand, Europe is running out of processing capacity for the gas, Reuters has reported. Europe turned into the biggest market for US liquefied natural gas over the past three months …
Read More »Novatek Receives Module for Arctic LNG 2
Russian LNG major Novatek said that the Arc7 ice-class module carrier Audax completed its trip along the Northern Sea Route. This is long after the traditional navigation season closure. The vessel delivered a process module weighing almost 12,000 tonnes for Arctic LNG 2 from Tianjin to Murmansk. The module will …
Read More »Iran, Qatar to Form Joint Gas Extraction Study Group
A informed source in Iran’s Oil Ministry told IRNA that the oil ministers of Iran and Qatar will discuss gas swap, common stances in global market and forming joint study group on the sidelines of the upcoming GECF in Doha. The Gas Exporting Countries Forum will be held next week …
Read More »Japan Mulls Resuming Iran Oil Imports, Pending Vienna Talks
Japan’s oil giant Eneos Holdings Inc says it will consider resuming oil imports from Iran if an agreement to revive the 2015 nuclear deal is reached. The company has yet to start necessary preparations to that end. It will take about two-to-three months to resume oil imports from Iran if …
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