Coronavirus Cases Surge Across the Globe France will force its citizens to work from home for most of next month to contain the spread of the highly transmissible omicron variant. Continue Reading
Health experts urged the Italian government on Monday to relax COVID-19 quarantine rules, saying that the country otherwise risked paralysis as the highly infectious Omicron variant spreads. Under current rules, Continue Reading
The Yamal-Europe pipeline that usually delivers Russian gas to Western Europe was sending the fuel back to Poland for an eighth straight day on Tuesday, according to data from German Continue Reading
European natural gas extended its declining streak to the longest in more than a year as shipments from the U.S. look set to ease the region’s energy crunch. Benchmark Dutch Continue Reading
Oil edged lower amid nervousness around the rapid spread of the omicron virus variant and strength in the dollar. Brent reversed earlier gains to trade 0.2% lower. West Texas Intermediate, Continue Reading
Coronavirus cases are being reported at record levels across the world — surpassing even last winter’s devastating peak in some places — as officials grapple with a surge caused by Continue Reading
Image caption, Cyclone Yaas brought devastation to India and Bangladesh in May Weather events, linked to a changing climate, brought misery to millions around the world in 2021 according to Continue Reading
Saudi Arabia’s exports soared in October as the world’s biggest oil exporter benefited from higher crude prices. The value of exports jumped to 106.2 billion riyals ($28 billion) from 55.9 Continue Reading
Emissions from oil industry set to climb for years Natural gas is dominant fuel in industry Global emissions set to grow in COVID-19 recovery The Middle East faces an uphill Continue Reading
Highlights India’s November crude imports up 7.5% on month India, China to drive growth in 2022: Platts Analytics Refiners expect crude prices to remain firm in 2022 India’s crude imports Continue Reading
Rising security risk and rural violence, which is mostly fueled by the vast profits generated by the cocaine trade, is a key deterrent to attracting onshore oil investment in Colombia. Continue Reading
The Covid-19 pandemic has marked the end of an era for Southeast Asia’s combined oil and gas production Daily average hydrocarbon production tumbled to 4.86 million boepd in 2021 Operators Continue Reading
People cross a bridge at Pudong financial district in Shanghai August 11, 2014. China’s fiscal expenditure grew 9.6 percent in July from a year earlier to 1.03 trillion yuan (99.7 Continue Reading
The city at the center of China’s worst Covid-19 outbreak in almost two years has tightened lockdown measures and launched another round of mandatory testing for its 13m residents in Continue Reading
China has set fuel oil import limit at 16.2 million mt for 2022, unchanged from 2021, according to a policy release by the Ministry of Commerce dated Dec. 23. Receive Continue Reading
President Joe Biden’s chief medical adviser warned on Sunday that the number of Americans infected with Covid-19 was likely to “go much higher” before easing off in the new year. Continue Reading
Russian gas giant Gazprom has not booked gas transit capacity for exports via the Yamal-Europe pipeline for Dec. 27, auction results showed on Monday. The pipeline that usually delivers Russian Continue Reading
bp and Maersk Tankers, with support from the Danish Maritime Authority, have successfully completed trials using biofuel-blended marine fuel in product tankers, demonstrating that sustainable biofuels can be used as Continue Reading
Brent oil fell as as trading volumes thinned moving into the holiday period, but still headed for a weekly gain on signs that the omicron variant of the virus may Continue Reading
Crude oil futures dipped in mid-morning trade in Asia Dec. 24 as investors booked profits after a three-day bull run that pushed oil prices to highs not seen since late Continue Reading
Check out some of Rigzone’s top stories this week. Here are some of Rigzone’s top stories during the last week, just in case you missed them… Oil May Hit $380 Continue Reading
Thousands of would-be travelers received last-minute cancellations of their Christmas flights on Friday and Saturday because of the recent spike of Omicron cases, including among airline workers. The number of Continue Reading
Tens of thousands of seafarers are stuck at sea working beyond their maximum 11-month contracts, as the emergence of the Omicron Covid-19 variant hinders cargo ship operators’ ability to change over crews. With the Continue Reading
Petrobras is going ahead with several projects in oil and gas while demand remains high. Brazil’s oil major could expand to offer greener diesel and biofuels, supporting the decarbonization of Continue Reading
A research team has developed a new artificial photosynthesis device component with remarkable stability and longevity as it selectively converts sunlight and carbon dioxide into two promising sources of renewable Continue Reading
New satellite images captured by a private U.S. company show that Russia has continued to build up its forces in annexed Crimea and near Ukraine in recent weeks while pressing Continue Reading
Trade Association Energy UK has criticized chancellor Rishi Sunak for the lack of a clear plan to protect the industry. Market regulator Ofgem announced it will provide £1.83bn to suppliers Continue Reading
Europe’s energy crisis worsened this week when Kosovo introduced rolling blackouts to most of its two million citizens, according to Bloomberg . On Thursday, the Kosovo Energy Distribution Services (KEDS) Continue Reading
Highlights Oil forecast at about $75/b in 2022 Gas output to rise 10% in 2021 Country pushes for Nord Stream 2 certification by mid-2022 Russia’s production of crude and condensate Continue Reading
European natural gas prices headed for a third day of sharp declines as more tankers are crossing the Atlantic with U.S. fuel to the energy-starved region. At least 15 vessels Continue Reading
More than 10,000 Russian troops have been returning to their permanent bases after month-long drills near Ukraine, Interfax news agency reported on Saturday, citing the Russian military. Interfax said the Continue Reading
The Yamal-Europe pipeline that usually sends Russian gas to Western Europe was operating in a reverse mode for a fifth day on Saturday, shipping fuel from Germany to Poland, data Continue Reading
The Russian Defense Ministry said more than 10,000 troops would return to their permanent bases in the Southern Military District after over a month of training in the region, including Continue Reading
Watching Vladimir Putin Thursday at his year-end press conference , one is tempted to ask whether the Russian president has gone mad. Here is a man leading a country that Continue Reading
For a glimpse of how much longer this year’s energy crunch is going to last, look no further than the European natural gas market. Forward prices have more than doubled Continue Reading
Crude oil futures dipped in mid-morning trade in Asia Dec. 24 as investors booked profits after a three-day bull run that pushed oil prices to highs not seen since late Continue Reading
Brent oil fell as as trading volumes thinned moving into the holiday period, but still headed for a weekly gain on signs that the omicron variant of the virus may Continue Reading
Oil held near the highest settlement in four weeks as traders weighed falling U.S. crude stockpiles against the threat to demand from the omicron virus variant. Futures in New York Continue Reading
Signs are mounting that the U.S. economy is losing some steam as the Omicron variant of the Covid-19 virus spreads rapidly through parts of the country. The number of diners seated at Continue Reading
The rapid spread of the omicron variant could be a major setback for efforts to reverse sharp inequality in the accessibility of effective coronavirus vaccines around the world, public health experts Continue Reading
Highlights 55 Bcf drawn from US storage fields in week ended Dec. 17 Triple-digit drawdown likely for week in progress US natural gas inventories fell about one-third of the five-year Continue Reading
Highlights EU envoy urges sides to ‘pick up the pace’ in eighth round Platts Analytics predicts interim deal, partial sanctions relief No-deal scenario will test global spare capacity in mid-2022 Continue Reading
Highlights Omicron variant, geopolitics cloud the outlook for oil Shrinking spare capacity to impact alliance’s dynamics Prince Abdulaziz warns traders not to bet against OPEC+ After 11 meetings in 2021 Continue Reading
The number of active drilling rigs in the United States last week rose by 7, bringing the total to 586 as oil prices remain relatively strong despite the fresh wave Continue Reading
At least 30 tankers with liquefied natural gas from the United States are headed to Europe Ten LNG tankers from the U.S. have already declared Europe as their destination while Continue Reading
Researchers at the Department of Energy’s SLAC National Accelerator Laboratory and Stanford University may have found a way to revitalize rechargeable lithium batteries, potentially boosting the range of electric vehicles Continue Reading
The UK plans to invest $26 million per year into funding for tidal power. Canada is also betting big on tidal power, hoping to harness some of the world’s highest Continue Reading
Highlights Waha Hub cash falls below $3 for first time since June EPNG westbound flows constrained Mild West Texas weather forecasts The cash price at the Permian spot gas benchmark Continue Reading
Highlights 55 Bcf drawn from US storage fields in week ended Dec. 17 Triple-digit drawdown likely for week in progress US natural gas inventories fell about one-third of the five-year Continue Reading
The City of New York will invest $420 million in electric vehicles, charging infrastructure, and alternative fuels to accelerate the transition to an all-electric municipal vehicle fleet. The new investments, Continue Reading
