oil-and-gas
Top StoriesExplainer-The G7’s Price Cap on Russian Oil Begins to Take Shape
Top StoriesOil Settles Below $90 as Recession Fears Mount
Top StoriesChevron Considering Rail Transport for Kazakhstan Oil, CEO Says
Top StoriesExclusive-Repsol Agrees to Sell Alberta Oil Assets to Cppib backed-Teine Energy -Sources
Norway on Track for Record Gas Export, Will Be Ready for Winter -Gassco CEO
Date: September 5, 2022
By Nora Buli STAVANGER, Norway (Reuters) – Norway’s gas export system is set to deliver record volumes of energy to Europe and is committed to sending large amounts in the coming years, the head of pipeline system operator Gassco told Reuters. The Nordic country has become Europe’s biggest supplier of gas this year, according to...
G7 Finance Chiefs Agree on Russian Oil Price Cap but Level Not yet Set
Date: September 2, 2022
By David Lawder and Christian Kraemer (Reuters) -Group of Seven finance ministers agreed on Friday to impose a price cap on Russian oil aimed at slashing revenues for Moscow’s war in Ukraine while avoiding price spikes, but Russia said it would halt oil sales to countries imposing it. The ministers from the G7 wealthy democracies...
Hackers Hit Italian Oil Company Eni’s Computer Networks
Date: September 1, 2022
(Reuters) -Italian oil company Eni’s computer networks were hacked in recent days but the consequences appear to be minor so far, the company said on Wednesday. “The internal protection systems have detected unauthorized access to the corporate network in recent days,” a spokesperson for the company told Reuters in response to a query. The state-controlled...
Russia’s Gazprom Expects Increase in 2022 Revenue
Date: August 31, 2022
MOSCOW (Reuters) -Russian gas giant Gazprom showed very good results in the first half and its 2022 revenue will exceed last year’s, CEO Alexey Miller said on Wednesday, as soaring prices more than offset a steep decline in gas production and exports. Gazprom has stopped formally reporting financial results since Moscow sent its troops into...
Iran Deal a Wild Card for Oil Market Strained by Supply Risks – Reuters Poll
Date: August 31, 2022
By Swati Verma (Reuters) – A looming EU embargo on Russian oil is expected to exacerbate supply tightness and keep prices in triple digits this year unless there is a return of Iranian barrels, a Reuters poll showed on Wednesday. A survey of 41 economists and analysts forecast benchmark Brent crude would average $103.93 a...
Schlumberger, Subsea 7 and Aker Solutions to Form Subsea Engineering Firm
Date: August 30, 2022
OSLO (Reuters) – U.S. engineering firm Schlumberger and Norway’s Aker Solutions plan to merge their subsea oil and gas construction business and to bring in a third rival, Oslo-listed Subsea 7, as a partner, the firms said on Tuesday. Aker Solutions will receive $700 million in cash and Schlumberger stock as part of the deal,...