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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, …

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 …

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 …

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. …

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 …

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 …

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 …

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 …

China will help run its coal-fired power plants at full capacity in a bid to ensure energy security, despite the climate goals of the world’s largest polluter. The Chinese government will support industrial sectors in “special difficulty,” state news agency Xinhua reported this week, noting that “Food and energy security …

Europe’s call for U.S. liquefied natural gas continues to run hot in February and is poised to remain the top destination for U.S. shipments for the third month in a row, according to mid-month Refinitiv vessel tracking data on Tuesday. About three quarters of U.S. LNG volumes went to Europe …