European gas output to slide by 48 Bcm to just 202 Bcm by 2024: IEA
European gas production — including Norway — is set to fall to just 202 Bcm by 2024, the International Energy Agency said Friday, a drop of some 48 Bcm from Continue Reading
World Bank Reduces Russia 2019 Growth Outlook On Oil Cuts
The World Bank reduced its economic growth outlook for Russia for this year because of lower crude oil production, the institution said in a new report on the economy of Continue Reading
Russia’s Novatek inks preliminary deal to market LNG, gas in China
Russia’s Novatek has signed a preliminary deal to create a joint venture with China’s Sinopec and Gazprombank to market LNG and gas to end users in China, Novatek said Wednesday. Continue Reading
Shell plans to drill 10 UK wells a year in expansion drive
London — Shell plans to drill 10 wells a year offshore the UK as operator over the next three years, including development and exploration wells, as it builds its North Continue Reading
EU regulated CO2 emissions fall 3.9% in 2018: EC
Carbon dioxide emissions under the EU Emissions Trading System fell 3.9% in 2018, the European Commission said Wednesday, driven by clean energy displacing fossil fuel-fired electricity, confirming indications from partial Continue Reading
Russia-China to discuss growing energy ties amid global trade uncertainty
China’s President Xi Jinping is set to discuss energy cooperation with his Russian counterpart Vladimir Putin during a state visit to Russia this week, with US sanctions and trade disputes Continue Reading
BP’s West of Shetland fields propelling UK growth
BP is well on track to meet its goal of producing 200,000 b/d of oil equivalent offshore the UK by next year as its revamped Clair field performs better than Continue Reading
Russia’s oil output falls to 3-year low due to contamination crisis
Russia’s average daily oil output has dropped to a three-year-low after contaminated crude clogged its main export route. Average oil output was 10.87 million barrels per day (bpd) on June Continue Reading
How the oil industry and Russia trivialize the Druzhba pipeline disaster
The Russian government and European oil refineries have reported only sparsely and misleadingly about a big pipeline disaster that has sent customers scrambling for alternative supplies and led to refinery Continue Reading
Russia Is Silently Preparing For An OPEC+ Deal Extension
Russia’s largest oil producer Rosneft is in talks with the government for possible compensation for losses in case OPEC and its Russia-led non-OPEC partners decide to extend the production cut Continue Reading