Low price may tighten New Zealand’s carbon credit supply in 2025 due to...
New Zealand’s carbon market could face supply tightness in 2025 if the local carbon credit price continues to languish below NZ$50/mtCO2e ($30.66/mtCO2e), as lower spot price is expected to increase...
View ArticleApproval of Belinda Development
Serica Energy plc (AIM: SQZ), a British independent upstream oil and gas company, announces that it has received final approval from the NSTA to develop the 100% owned and operated Belinda field. The...
View ArticleGasum has opened the world’s northernmost gas filling station in Rovaniemi,...
The new station will enable the transport company UKK-Express operating in Northern Finland to start using biogas with two gas vehicles this year. The aim is to increase the number of gas vehicles...
View ArticleOil, gas groups take to court fight over BLM’s rule raising production costs...
A coalition of oil and gas groups representing the industry’s interests in western US states are taking the Interior Department to court over a rule that raises the costs of producing oil and natural...
View ArticleRussian refinery damage escalates after latest Ukrainian drone strike
Russian refining capacity damaged by Ukrainian drone strikes rose further over the weekend May 18-19 to almost 1 million b/d after the 70,000 b/d Slavyansk oil refinery in the southern Krasnodar region...
View ArticleIsland Oil launches Seoul office
International marine fuel trading firm Island Oil has established an office in Seoul, the company announced in a press release Monday. This is the latest expansion within the Far East and Southeast...
View ArticleGasum has opened the world’s northernmost gas filling station in Rovaniemi,...
The new station will enable the transport company UKK-Express operating in Northern Finland to start using biogas with two gas vehicles this year. The aim is to increase the number of gas vehicles...
View ArticleOil falls more than $1 as Fed rate outlook stokes demand fears
Oil prices dropped by more than $1 on Tuesday, extending losses on the potential for lingering U.S. inflation to keep interest rates higher for longer, depressing consumer and industrial demand. Brent...
View ArticleUkraine finds Russian weak spot with unrelenting refinery attacks: analysts
Russia’s oil refineries are proving highly vulnerable to Ukrainian drone attacks, and the domestic oil and gas sector faces a formidable challenge as Kyiv’s ambitions and capability increase, industry...
View ArticleUS LNG pause opens opportunities to Middle East gas producers, Woodside CEO says
A moratorium on new U.S. liquefied natural gas (LNG) export projects could open up opportunities for producers in the Middle East and Russia, but Western sanctions are curbing Moscow’s ambitions to...
View ArticleInaugural West African Energy Summit set to shape the Future of Energy in...
The first West African Energy Summit (WAES) 2024, organised by OGV Group in partnership with the Ministry of Energy for Ghana, is set to take place from September 3rd to 5th, 2024, in Accra, Ghana....
View ArticleTata Steel signs connection offer with ESO to power new 2.3 million mt EAF
Tata Steel has signed a connection offer with the Electricity System Operator that involves National Grid building new infrastructure to be able to power the largest UK steelmaker’s new 2.3 million mt...
View ArticleRussia’s Tuapse oil refinery resumes operations after attack, source says
Rosneft’s ROSN.MM Black Sea oil refinery in Tuapse resumed operations on Sunday after a drone attack on May 17, an industry source familiar with the plant’s work told Reuters. Sources have said that...
View ArticleOil falls 1% as sticky US inflation weighs on demand at the pump
Oil prices fell more than 1% on Tuesday as lingering U.S. inflation was poised to keep interest rates higher for longer, which could impact consumer demand at the pump. Brent crude futures fell by...
View ArticleDangote refinery pursues long-term US crude supply despite domestic overhang
US crude oil could remain a staple feedstock for Nigeria’s Dangote refinery in the medium term, as the plant has courted another year’s worth of WTI Midland supply despite ample availability for...
View ArticleUS oil refiners’ weekly capacity seen up 408,000 bpd, IIR says
U.S. oil refiners are expected to have about 122,000barrels per day (bpd) of capacity offline in the week ending May 24, increasingavailable refining capacity by 408,000bpd, research company IIR Energy...
View ArticleAngola: TotalEnergies launches the Kaminho deepwater project
Patrick Pouyanné, Chairman and CEO of TotalEnergies, met on May 20 in Luanda with João Lourenço, President of Angola, Diamantino Azevedo, Minister of Mineral Resources, Oil & Gas (MIREMPET),...
View ArticleCommodity Tracker: 6 charts to watch this week
Oil markets are in focus following the death of Iranian President Ebrahim Raisi. Meanwhile, Niger has recently become an oil exporter. In Turkey, the polyethylene market is feeling the impact of rising...
View ArticleOil slips for third day on likely ‘higher for longer’ US rates
Oil prices fell on Wednesday, retreating for a third straight day on expectations that the Federal Reserve might keep U.S. interest rates higher for longer due to sustained inflation, potentially...
View ArticleNoble Corporation plc announces the resolutions adopted at its 2024 annual...
Noble Corporation plc (“Noble”) (CSE: NOBLE, NYSE: NE) announces the resolutions adopted at its 2023 annual general meeting of shareholders held on May 21, 2024. The following resolutions were adopted:...
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