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FSUOGM: Lukoil, KMG target launch of Caspian oilfields in 2028
AsianOil: Canadian flip-flopping on LNG leaves Japan, Korea hanging
The EU embargo on Russia’s oil products will drive down prices – but not yet
EU sanctions on Russia’s oil products went into effect on February 5 and will take several months to make themselves felt. The products market is very different to the crude oil market.
Russia still earning half a billion dollars a day from oil exports
Despite major efforts by the US, the EU and other countries to restrict Russia's fossil fuel revenues, the country is still earning more than half a billion dollars from oil and gas sales per day.
Urals oil price is increasingly meaningless, allowing Russian-owned refineries in Europe to build up slush funds
After the twin price cap sanctions were imposed on Russian oil exports, Ukraine’s supporters cheered as the price of the key Urals blend collapsed. The trouble is, Russian refineries in Europe make the price of Urals increasingly irrelevant.
DMEA: Luberef considers 50% dividend
How big is Russia's "ghost fleet" of oil tankers?
How many ships are in Russia’s “ghost fleet” of tankers? No one has a clear idea: estimates run from 100 to 600 tankers depending on what you include in the fleet.
MEOG: ADNOC to list 4% of gas unit
LatAmOil: Guyana’s economy to grow 25% per year thanks to oil sector
AfrOil: TotalEnergies gearing up for drilling programme offshore Namibia
TotalEnergies (France) is preparing to launch a multi-well deepwater drilling programme offshore Namibia to determine the extent of its Venus discovery in the Orange basin.
Fuelling energy woes, Uzbekistan sees drop in gas output
Production is falling as demand increases, forcing country to look to Russia for energy supplies.
GLNG: US positioned to become world’s largest LNG exporter as three more projects look set to be approved
European gas prices slump to 18-month low
The front-month contract at Europe’s premier TTF gas hub dipped below €50 per MWh ($567 per 1,000 cubic metres) on February 21 for the first time this year, amid easing fears of shortages, warm weather, ample LNG and lower industrial demand.
Gas prices fall further on record 64% full European gas tanks
Gas reserves in Europe's underground storage facilities (UGS) have dropped to 69bn cubic metres and are 63.7% full as of February 22, Gas Infrastructure Europe (GIE) reports.
The lights of Lviv are dim but its spirit remains bright
In the face of energy instability and missile strikes on critical facilities, Lviv, western Ukraine's largest city, has dimmed its street lights. But cafes, bars, shops and restaurants continue to buzz as life shines through the smog of war.
Ford, Koc, LG Energy Solution sign MoU for EV battery cell production JV in Turkey
Enterprise to help deliver on commitment to produce batteries in the same region where the auto giant produces electric vehicles.
ENERGO: Joint venture to develop 1 GW of onshore wind in Poland
Renewable Power Capital (RPC) and Tundra Advisory have announced a joint venture to develop up to 1 GW of onshore wind in Poland.
One year on: Sanctions had a very limited effect on Russia's economy in 2022
RosStat reported an even milder contraction in Russia's GDP in 2022 than the most optimistic forecasts from all the economists that follow Russia on February 20. This has been the least painful of all the crises since the fall of the Soviet Union.
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