Forecasts of tighter LNG supplies along with volatile prices for the next few years are keeping buyers on edge and are impeding the push towards alternative energy sources. As a result of these factors, energy security has become a top… Read More ›
gas
Germany wants to pursue energy projects with Senegal
In a significant development German Chancellor Olaf Scholz said, Berlin wants to pursue gas and renewable energy projects with Senegal. The development comes in the backdrop of the war in Ukraine which is having a major impact on energy and… Read More ›
Unfriendly countries will pay for LNG supplies in Rubles: Putin
In a statement Russian President Vladimir Putin said, unfriendly countries will have to pay for gas in rubles. Following the announcement European gas prices soared since the move will exacerbate the region’s energy crunch. Western nations led by the United… Read More ›
Biden Administration orders immediate stop in financing new carbon intensive fossil fuel projects overseas
According to US diplomatic cables, the Biden Administration has ordered U.S. government agencies to immediately stop financing new carbon-intensive fossil fuel projects abroad and prioritize global collaborations towards clean energy technology. The move is aimed at ending US financial support… Read More ›
Shortage of truck drivers ripple through British economy
On Wednesday, in a statement British Prime Minister Boris Johnson said, the government was preparing to ensure fuel supply chains were running smoothly for the run-up to Christmas as he tried to quell public fears of panic buying of fuel… Read More ›
Chevron’s Middleastern pivot central to its energy strategy
In a significant development, U.S. oil giant Chevron Corp is staking its natural gas future on the Middle East, a typically volatile region where energy majors have long tread warily. Chevron’s CEO Michael Wirth’s Middle Eastern pivot underpins a bet that… Read More ›
U.S. blacklists 24 Chinese companies and individuals linked to Chinese adventurism in South China Sea
In a significant development, Washington has blacklisted 24 Chinese companies and targeted individuals which helped China’s ruling Communist Party militarize the disputed regions in the South China Sea, in what is the first such step over the strategic waterway. In… Read More ›
BHP Group reshuffles petroleum portfolio, puts up stake in Australian Bass Strait assets for sale
On Tuesday, in a statement the BHP Group said, it plans on selling its stake in the Australian Bass Strait’s oil and gas assets, as it attempts to increase its focus on higher value petroleum assets. The Bass Strait joint… Read More ›
Occidental Petroleum Corp to name Stephen Chazen as chairman: WSJ
A report from the Wall Street Journal citing sources familiar with the matter at hand states, Occidental Petroleum Corp plans on naming former Chief Executive Officer Stephen Chazen as its new chairman. Provided discussions don’t fall apart, Chazen’s appointment is… Read More ›
PetroChina declares force majeure on imports
According to four industry sources, PetroChina has declared force majeure on natural gas imports, including on liquefied natural gas (LNG) shipments and on gas imported via pipelines, following the coronavirus outbreak. PetroChina issued the force majeure notice to suppliers of… Read More ›
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