Norway Looks to Overturn Court Ruling Against Three Oilfield Approvals
The Norwegian government is appealing a court decision that halted the development of new oilfields due to concerns about not considering the environmental impact of burning the extracted oil.
Will OPEC+ Opt for This Risky Strategy to Spur Future Oil Demand?
The cartel and its allies led by Russia could opt to boost supply even amid slack current demand in the hope of raising demand in the medium term with lower oil prices.
Neo Energy Slows Down Major North Sea Oil Project Due to Windfall Tax
One of the North Sea’s largest oil and gas projects has been plunged into uncertainty after its operator announced it was slowing down investment in light of “fiscal and regulatory uncertainty”.
Could Libya’s Huge Oil Shutdown Last For Months?
The latest shutdown has reduced Libya’s oil output by over 60%, echoing a similar blockade in 2020, which lasted for eight months and resulted in massive revenue losses.
Cyprus and Chevron at Odds Over Natural Gas Field
Cyprus and Chevron are at odds over the development of the Aphrodite gas field, with the Cypriot government accusing Chevron of breaching its production-sharing agreement.
Nigeria, China Sign Nuclear Energy Pact
Nigeria and China will strengthen ties through a new nuclear energy partnership, a government spokesperson said on Tuesday.
North America LNG Exports to Double As Qatar Wins WIth Long-Term Contracts
The capacity for North American LNG exports is set to double within the next three years to 24.4 billion cubic feet per day according to the EIA
OPEC Production Dipped in August: Survey
A new Bloomberg survey revealed on Tuesday that OPEC’s crude oil production fell by 70,000 barrels per day in August
Top Indian Oil Firm Looks to Build $8.3-Billion Refinery as Fuel Demand Soars
State-held Oil and Natural Gas Corporation (ONGC), the biggest oil and gas explorer in India, is assessing plans for an $8.3-billion refinery plus petrochemicals project
Brent Plunges Below $75 as Bearish Sentiment Builds
Oil prices fell sharply on concerns about weak global demand, particularly from China, outweighing production disruptions in Libya.
Expanded Trans Mountain Upends North American Oil Flows and Pipeline Tolls
The completion of the Trans Mountain Expansion Project has intensified competition in transporting Canadian oil, leading to lower shipping rates and potentially higher crude prices.
Oil Production Starts at Norwegian Field Amid Court Battle Over Its Approval
Oil production has started at the Tyrving field even as the government appeals a court ruling that questioned the environmental impact assessment of the project.
The U.S. Cleantech Industry Is Struggling
The U.S. cleantech industry has been hit by a wave of bankruptcies, with SunPower being the most notable casualty, as rising costs, delays in federal incentives, and increased competition have squeezed many startups.
Russia Claims to Be Complying With Its OPEC+ Oil Production Obligations
Russia claims compliance with OPEC+ oil production cuts in August, but needs to compensate for earlier overproduction before the next OPEC+ meeting in October.
Houthis Hit Two Tankers in the Red Sea
The Houthi rebels in Yemen attacked two tankers in the Red Sea, including a Saudi-flagged vessel, raising tensions in the region and threatening global shipping.
Finland's Fortum Replaces Russian Nuclear Fuel With U.S. Fuel
Finnish power utility Fortum has announced that it has successfully started using nuclear fuel from U.S.-based Westinghouse Electric as it seeks to replace Russian supply
Libya Oil Shutdown Continues Amid Partial Resumption
Libya is yet to resume oil exports one week after the Haftar clan blocked production in a bid to gain leverage over a battle to control the Central Bank.
