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Aramco has served notices of temporary suspension to two oilfield service contractors, Zawya has reported, citing the companies. According to one of them, Borr Drilling Limited, the suspension will begin this month and last for a year, the report said. Borr Drilling operates the Arabia I rig in Saudi Arabia …

The Kazakh delegation visited Japan in order to expand cooperation between the countries in the field of peaceful uses of nuclear energy from April 1 to April 5, 2024, Trend reports, citing the Energy Ministry of Kazakhstan. The Kazakh delegation included representatives of the Ministry of Energy, the Ministry of …

Gazprom Neft will meet the April quota of the OPEC+ on oil production cuts by the end of the month, CEO Alexander Dyukov told reporters, Azernews reports, citing TASS. “The Ministry of Energy traditionally communicates the quota to us; we perform it. We plan to achieve required volumes of production …

All major North Sea oil countries are expected to continue drilling for oil and gas as they fail to agree on climate measures. The major oil-producing countries operating in the North Sea have all announced ambitious production goals for the coming years, despite pressure from European governments and environmentalists to …

Saudi oil giant Aramco, the world’s top crude oil exporter, hiked on Friday the prices of most of its crude grades for May, as Middle Eastern benchmarks are strengthening in a market that looks increasingly tight. For a second consecutive month, Saudi Arabia raised the price of Arab Light, its …

The OPEC+ alliance may be risking a repeat of last year’s oil market boom and bust. Brent crude prices shot above $90 a barrel on Thursday and analysts warned of a further increase to $100. The rally came after Saudi Arabia and its partners signaled they’ll continue to squeeze supplies …

Qatar is backing up its massive LNG expansion plans with new orders to charter dozens of new ships as the tiny Gulf gas producer aims to solidify its dominance in the global LNG export market. Last year, the United States overtook Qatar as the world’s largest LNG exporter, but Qatar …

The competition in China’s EV world continues to heat up, as the market becomes more and more saturated. The country’s automakers are aggressively trying to take advantage of Tesla’s recent price hikes by offering incentives, while at the same time gearing up to compete with the “disruptive” entry of Xiaomi …

The air quality in Central Asian states is among the worst in the world, according to corporate study that measured pollution in over 130 countries around the world. The 2023 World Air Quality Report, compiled by Swiss-based IQAir, measured air-borne harmful particles, known as PM2.5, in over 7,800 locations. The …

Europe has managed to make it through this winter season with record levels of natural gas in storage, setting it up to head into next winter on solid ground. With the end of March essentially wrapping up the typical winter season, natural gas stores in Europe remain 58.7% full, Gas …