Japan will release 7.5 million barrels of oil from private reserves as a part of an International Energy Agency (IEA)-led coordinated release, industry minister Koichi Hagiuda said on Friday.The volume makes up 12.5% of a planned coordinated…
Oil rose above $112 a barrel on Friday in a volatile session as fears over disruption to Russian oil exports in the face of Western sanctions offset the prospect of more Iranian supplies in the event of a nuclear deal with Tehran.Signs of an escalation in the Russia-Ukraine conflict…
Thai oil and gas giant PTT Exploration and Production Pcl said on Monday it would take over operations of the Yadana gas field in Myanmar from July following the exit of France's TotalEnergies.Oil majors Chevron and TotalEnergies in January…
Spanish authorities on Wednesday detained a mega-yacht called 'Crescent' that is believed to belong to Igor Sechin, the sanctioned chief executive of Russian oil giant Rosneft, a police source told Reuters.The 135-metre-long yacht, described…
The International Marine Contractors Association has suspended its Russian members from the association over Russia's invasion of Ukraine.IMCA CEO Allen Leatt said: 'We are all deeply saddened at IMCA by the events unfolding in Ukraine and the…
U.S. President Joe Biden announced a ban on Russian oil and other energy imports on Tuesday in retaliation for the invasion of Ukraine, underscoring strong bipartisan support for a move that he acknowledged would drive up U.S. energy prices…
Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports.Brent crude LCOc1 rose $4.82, or 4.9%, to $102…
Russian piped gas deliveries into Germany via Nord Stream 1 and Poland and into Slovakia via Ukraine remained stable, pipeline operator data showed on Thursday.Flows through the Nord Stream 1 pipeline which crosses the Baltic Sea to Germany were steady at around 73…
Germany should rethink its ban on allowing new drilling for oil and gas in the North Sea as it tries to reduce its dependence on Russian energy due to the invasion of Ukraine, Finance Minister Christian Lindner said on Sunday.Under the coalition…
The America Bureau of Shipping (ABS), one of the world's largest ship classification societies, is withdrawing all class services involving Russian vessels, assets and companies, over the Russian invasion of Ukraine.'After careful consideration…
The UK on Thursday announced sanctions, including a full asset freeze and travel ban, against seven oligarchs including Russian oil company Rosneft's CEO Igor Sechin and Gazprom's CEO Alexey Miller, over the Russian invasion of Ukraine.The…
Norwegian oil and gas company Equinor said Monday it had decided to stop new investments into Russia and to start the process of exiting Equinor's Russian Joint Ventures.'We are all deeply troubled by the invasion of Ukraine, which represents a terrible setback for the world…
Shell has made good progress with the Tanzanian government in recent months to advance a liquefied natural gas (LNG) project to tap the East African country's huge gas resources, a Shell executive said on Monday.'We have seen some real quick…
Plexus Holdings, the AIM-quoted oil and gas engineering services firm that owns the proprietary POS-GRIP method of wellhead engineering, said Monday it would suspend its activities with Russian license partner Gusar due to the war in Ukraine…
Oil prices running at their hottest level in 14 years are poised to cut post-COVID pandemic fuel demand as consumers react to surging pump and power prices by pulling back on spending and travel, top energy executives warned on Monday.Global…
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