Shell has contained the oil leak from its oil processing units at the Shell Energy and Chemical Parks at Pulau Bukom in Singapore, following the shut down of facilities to investigate the source of the leak.Efforts by Shell to locate the source of the leak in the oil processing unit are ongoing…
Traders diverted at least six cargoes of liquefied natural gas that were on course for Asia to Europe earlier this month, drawn by higher European prices and amid weak Asian demand, according to analysts and shipping data.The diverted cargoes…
Donald Trump's pick to lead the Interior Department, Doug Burgum, said on Thursday he will vigorously pursue the president-elect's goals of maximizing energy production from U.S. public lands and waters, calling it key to national security.Burgum's…
Oil prices edged lower on Friday but remained on course for a fourth consecutive week of gains, as the latest U.S. sanctions on Russian energy trade added to worries about oil supply disruptions.Brent crude futures were down 41 cents, or 0.5%…
President Donald Trump once again withdrew the United States from the Paris climate deal on Monday, removing the world's biggest historic emitter from global efforts to fight climate change for the second time in a decade.The move places the United States alongside Iran…
A court in Kazakhstan has fined the operator of the giant Kashagan oilfield 3.5 billion tenge ($6.64 million) for environmental violations, such as excessive gas flaring, local media reported.The group, which includes Shell, Eni, TotalEnergies and Exxon Mobil…
Norway's natural gas production rose by 6.9% in 2024 to a record 124 billion cubic metres (bcm) but is expected to ease slightly this year, the Norwegian Offshore Directorate (NOD) said on Thursday.Norway became Europe's largest supplier of natural gas following Russia's invasion of Ukraine in 2022…
Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing down - and at times reversing - climate commitments in a shift that they are likely to stick with in 2025.The retrenchment by oil majors…
The British North Sea is one of the world's oldest offshore oil and gas basins where production has been in steady decline since the early 2000s. At the same time, the region has become one of the world's largest and fastest growing offshore wind basins…
BP warned on Tuesday that its fourth-quarter results will be hit by weaker oil and gas production, refining margins and trading, while also delaying a highly-anticipated investor day due to a medical procedure undergone by CEO Murray Auchincloss…
Shell has shut down one of its oil processing units at the Shell Energy and Chemical Parks at Pulau Bukom in Singapore, to facilitate investigation into a suspected leak in the system, Singapore's Maritime and Port Authority (MPA) and National Environment Agency (NEA) said…
Russian energy company Gazprom said it would pump a reduced volume of gas to Europe via Ukraine on Tuesday, the last day before the expiry of a deal that had kept the gas flowing throughout nearly three years of war.Barring a last-minute surprise deal…
The Norwegian Ministry of Energy has offered 53 new production licenses on the Norwegian continental shelf.Awards in Predefined Areas (APA) is an annual exploration round for the Norwegian continental shelf. Of the 53 production licenses offered in APA 2024…
Global energy major BP has pledged to lift oil production by 44% and gas output by 89% from India's largest field off its west coast, under a decade-long contract, according to block operator Oil and Natural Gas Corp ONGC on Thursday.ONGC named…
The first Russian-built ice-class liquefied natural gas (LNG) carrier has entered sea trials, LSEG data showed on Friday, as part of Russia's efforts to raise global LNG market share despite U.S. sanctions.The tanker, named Alexey Kosygin after a Soviet statesman…
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