Global energy consumption rose by 5.8% in 2021, exceeding pre-pandemic levels as economies revved up activity, while strong growth in renewable energies chipped away at fossil fuel use, according to a benchmark report by BP.Oil demand last year was 3…
Igor Sechin, the head of Russian oil major Rosneft, said on Saturday that BP still remains its largest private shareholder despite having announced its departure in February after Moscow sent troops into Ukraine.Numerous Western companies, including oil majors…
Workers on Shell Plc's Prelude floating liquefied natural gas (FLNG) facility off Western Australia are set to begin 12 days of industrial action on Friday over a pay fight, a union alliance said on Thursday.Shell did not comment on what impact…
A British regulator is expected to approve in the coming days a revised plan by Shell to develop a North Sea gas field, which had been initially rejected on environmental grounds, three sources told Reuters.Shell released in March its updated…
Following Russia's invasion of Ukraine, European countries have escalated efforts to wean themselves off Russian gas. FSRUs increasingly are in demand to fill the gap.Following Russia's invasion of Ukraine, European countries have escalated efforts to wean themselves off Russian gas…
Ukrainian forces attacked drilling platforms in the Black Sea owned by a Crimean oil and gas company, the pro-Russian head of the annexed peninsula said on Monday, giving no details of what weapons were used.Three people were wounded and a search…
Shell's and TotalEnergies' Graff and Venus deepwater discoveries off Namibia have put southern Africa under the exploration spotlight. With deepwater offering high productivity reserves, it's a spotlight that's likely to linger for a few years yet…
Russia's oil production rose almost 5% in the first half of June compared with May, the Interfax news agency reported on Tuesday, citing a source familiar with the output statistics.Average daily oil production, including condensate, was 1.46 million tonnes in the first 13 days of June…
World oil demand will rise more than 2% to a record high of 101.6 million barrels per day (bpd) in 2023, the International Energy Agency said on Wednesday, although sky-high oil prices and weakening economic forecasts dimmed the future outlook…
Oil major Shell on Monday said planned maintenance at its Ursa platform in the Gulf of Mexico was completed on Sunday.Shell, the leading operator in the U.S. Gulf of Mexico, started turnarounds at its Mars and Ursa platforms at the end of April…
Japan's government plans to resume public auctions for offshore wind power projects by the end of this year, after revising rules to draw a wider range of bidders and encourage faster development of new infrastructure.The resumption follows…
Shell’s revised plan for the development of the Jackdaw offshore gas field in the UK North Sea expected to be approved soon, according to a report by The Sunday Times.The Jackdaw is an ultra-high pressure/high-temperature gas condensate field in the Central North Sea…
EU sanctions on Russia’s petroleum exports and easing lockdowns in China have encouraged portfolio investors to become more bullish on oil prices despite the steadily darkening outlook for the major economies.Hedge funds and other money managers…
Qatar has picked ExxonMobil Corp, TotalEnergies, Shell, and ConocoPhillips, as partners in the expansion of the world's largest liquefied natural gas (LNG) project, people with knowledge of the matter said on Tuesday.The North Field expansion will boost Qatar's LNG output by 64% by 2027…
Spending in the global oil exploration and production industry is 'poised to accelerate broadly' and drive an increase in production, Olivier Le Peuch, chief executive of top oilfield firm Schlumberger, said at a conference on Wednesday.'The…
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