oil-and-gas
Top StoriesOil Rises on Prospect of Opec+ Supply Cut
Top StoriesOil Rises on Prospect of OPEC Supply Cut, Demand Growth
Top StoriesHeavy Norwegian Gas Maintenance Adds to Energy Price Pressure
Top StoriesMost of BP’s Whiting Refinery Units Shut Following Fire -Sources
Oil Firms Must Step up Exploration Off Norway to Unlock Potential -Npd
Date: August 25, 2022
By Nerijus Adomaitis OSLO (Reuters) – Oil companies in Norway must increase their exploration activity in remote regions like the Arctic Barents Sea to find the remaining reserves of oil and gas beneath the country’s oceans, the Norwegian Petroleum Directorate said on Thursday. Norway has pumped petroleum from its continental shelf for more than 50...
UK Gas Producers Boost Domestic Output by 26% in First Half of 2022
Date: August 24, 2022
By Sachin Ravikumar LONDON (Reuters) – Gas production in the United Kingdom rose 26% in the first half of this year compared to the same period last year, an industry body said on Wednesday, as Britain cuts Russian energy imports in response to Moscow’s invasion of Ukraine. The 3.5 billion cubic metres increase in locally-produced...
Exclusive-Norway Eyes High Gas Output Until 2030, Says Energy Minister
Date: August 23, 2022
By Nora Buli and Nerijus Adomaitis OSLO (Reuters) – Norway plans to maintain its current high gas production level until the end of the decade as Europe plans to ditch Russian imports over Moscow’s invasion of Ukraine, its energy minister said on Tuesday. “I expect that we can maintain the production levels we are at...
TotalEnergies, Eni Announce Major Cyprus Gas Find
Date: August 22, 2022
By Juliette Portala and Tassilo Hummel PARIS (Reuters) – TotalEnergies of France and Italy’s Eni on Monday announced a significant natural gas discovery at the Cronos-1 well off Cyprus. The island reported its first natural gas discovery, Aphrodite, in 2011, measuring around 4.5 trillion cubic feet (tcf) and now run by U.S. energy firm Chevron....
Oil Falls on Concerns Economic Slowdown May Dent Fuel Demand
Date: August 22, 2022
By Yuka Obayashi TOKYO (Reuters) – Oil prices fell on Monday, ending three days of gains, on fears aggressive U.S. interest rate hikes may lead to a global economic slowdown and dent fuel demand. Brent crude futures for October settlement declined $1.17, or 1.2%, to $95.55 a barrel by 0054 GMT, with concerns over slowing...
Poland’s PGNiG in Talks to Get More Gas From Norway Through New Baltic Pipe
Date: August 18, 2022
WARSAW/GDANSK (Reuters) -Poland’s PGNiG is in advanced talks to source more gas from Norway through the new Baltic Pipe linking the two countries, its chief financial officer said on Thursday, as it looks to replace Russian supplies. The Baltic Pipe, which is set to begin operating in October, is the centrepiece of a Polish strategy...