Tag Archives: bne IntelliNews

Saudi Aramco has reported a fall in first-quarter net income, reflecting the turbulence of global energy markets and softer oil prices. However, the state-controlled oil giant underscored its commitment to shareholder returns with an increased base dividend, even as it recalibrates its overall payout strategy for the year to align …

Brazil’s state-owned Petrobras is in the midst of discussions with US LNG suppliers on a long-term import agreement, Reuters reported on March 14. Petrobras officials did not reveal which US suppliers the company has engaged in talks with; however, the discussions are part of the South American country’s efforts to …

EU member states are considering softening the bloc’s binding gas storage targets in order to avoid sending gas prices soaring again ahead of what is anticipated to be a difficult year, Reuters reported on March 16. The EU’s storage tanks are expected to end this heating season only 35% full, …

Australia is to become the seventh country in the world to introduce nuclear-powered submarines to its naval fleet, as part of a newly brokered deal between the United States, the United Kingdom and Australia (AUKUS), reports Statista. The US has said it will sell Australia three US Virginia-class nuclear-powered submarines …

Russia’s nuclear exports were already booming well before the war in Ukraine started but now they are growing even faster. After the disaster of Chernobyl in the 80s, Russia has fully modernised its nuclear technology and switched to the VVER 1200 reactors (water-water energetic reactor) that are compliant with the …

An oil tanker traffic jam has formed in Turkey following the EU’s introduction of a price cap on global Russian crude supplies, the Financial Times reported on December 5, with Turkish authorities demanding new proof of full insurance coverage for vessels passing through the Bosphorus and Dardanelles straits. The EU, …

German Chancellor Olaf Scholz has announced that Russian President Vladimir Putin has climbed down from a demand that Europe pay its gas bills in rubles and will allow payment in euros for the meantime, Deutsche Welle (DW) reported on March 30. The Russian leader said money would be paid into …

Russian state oil major Rosneft is developing a new strategy centred on the transition to renewable energy resources. The move was announced by CEO Igor Sechin at the Eurasian Economic Forum in Verona, Vedomosti reports. “We are currently developing a new company strategy, with the central priority of adapting to …

Germany’s government has determined that the Nord Stream 2 poses no threat to European energy security, clearing a key obstacle to the pipeline’s commercial launch. Whether or not the pipeline is considered an energy security risk will be a key consideration as German energy regulator Bundesnetzagentur decides whether or not …

OPEC and its allies have finalized an historic deal to take 9.7mn barrels per day (bpd) of oil supply off the market – just under 10% of global production – to help the industry through its worst crisis in a century. Following emergency talks on April 9, the group originally …