Severe weather striking the United Kingdom and parts of Europe means there’s a deficit of natural gas on the market, a British utility said Thursday. Utility company National Grid issued Continue Reading
Three new wells are planned as part of a multi-million-dollar drilling campaign that includes testing a new oil discovery made in British waters, Statoil said. Nearly $40 million in drilling Continue Reading
U.S. and European sanctions on Russia meant Exxon Mobil had to leave a joint venture with Russian oil company Rosneft, the U.S. supermajor said in a filing. Exxon said in Continue Reading
The extreme weather that has brought snow and bitter cold to much of Europe in recent days is part of a remarkable temperature inversion that has also enveloped the Arctic Continue Reading
Just hours after an arbitration court ruled in favor of Naftogaz in a long-running payment dispute between the Ukrainian state company and Russia’s Gazprom, a fresh gas dispute flared up Continue Reading
The freezing weather entrenched across much of Europe is stretching Britain’s supply of natural gas with fresh snowfall forecast for much of the country. The coldest spell since December 2010 Continue Reading
Exxon Mobil Corp. is ending projects with Russia’s state-controlled energy giant, PAO Rosneft, because of international sanctions on Moscow, abandoning signature achievements of its former chief executive, Secretary of State Continue Reading
Capital expenditure (CAPEX) in the UK oil and gas industry will keep falling over the next half decade, according to the latest projections from the Oil and Gas Authority (OGA). Continue Reading
Oil futures fell sharply Wednesday after data from the US Energy Information Administration showed a larger-than-expected build in crude stocks and a surprise increase in gasoline inventories. A stronger dollar Continue Reading
A day after the American Petroleum Institute gave oil bulls a cold shower by reporting a 933,000-barrel build in crude oil inventories on top of a gasoline build, the Energy Continue Reading
