Central now to Russia’s hydrocarbons-related power is its Arctic sector oil and gas reserves. These comprise over 35,700 billion cubic metres of natural gas and over 2,300 million metric tons Continue Reading
Norway’s oil major Equinor announced on Monday that its incoming chief executive Anders Opedal – who will replace retiring Eldar Sætre in November – has a mandate from the board Continue Reading
European weekly wind power generation averaged 29.3 GW in the seven days to Aug. 9, down 20% from the previous week due to a heatwave developing across Western Europe, data Continue Reading
Norway may not officially be part of the OPEC+ alliance to curb oil supply in the face of the coronavirus pandemic, but next month it looks like the Scandinavian country Continue Reading
Five days after the demise of Isaias, there’s a new tropical wave that bears watching swirling across the Atlantic. It’s the latest sign of activity in an ocean basin that Continue Reading
Russian vaccine has yet to complete clinical trials but works ‘effectively enough,’ President Putin said. A Russian health care regulator has become the first in the world to approve a Continue Reading
Russian President Vladimir Putin declared victory in the global vaccine race Tuesday, announcing that the country has become the first to approve a coronavirus vaccine and that his own daughter Continue Reading
Oil prices climbed on Monday, supported by Saudi optimism about Asian demand and an Iraqi pledge to deepen supply cuts, although uncertainty over a deal to shore up the U.S. Continue Reading
Oil snapped a two-day losing streak as Saudi Aramco predicted demand will continue to improve through the rest of the year, despite many regions across the world struggling to bring Continue Reading
The world’s five largest oil companies collectively cut the value of their assets by nearly $50 billion in the second quarter and slashed production rates as the coronavirus pandemic caused Continue Reading
