Leni Loberns

Ukrainians face tough winter amid Russian attacks

Ukrainians are preparing for the toughest winter ever, following Russian missile attacks that cut their power supply in half. Residents try to save energy and stock up on clothes and blankets. They were told to expect power outages until the end of March. On Tuesday, President Volodymyr Zelensky accused Russia …

Read More »

Oil prices rise slightly as sharp drop in U.S. crude inventories outweighs Chinese demand concerns

SINGAPORE, Nov 23 (Reuters) – Oil prices edged higher on Wednesday as data showed a bigger-than-expected drop in U.S. crude last week outweighing concerns about lower fuel demand from China in a context of tightening restrictions related to COVID-19. Brent crude futures rose 27 cents, or 0.3%, to $88.63 a …

Read More »

Analysis: At the World Cup, the Saudi Crown Prince returns to the world stage

Saudi leader shielded from US lawsuits Participated in summits around the world Winning Argentina improves its image among Saudi youth DOHA, Nov 22 (Reuters) – When Saudi Crown Prince Mohammad bin Salman took a seat next to the FIFA President at the opening of the World Cup in Qatar, it …

Read More »

Polish watchdog to appeal after court overturns Gazprom fine – Reuters

Lawsuits against Gazprom and five other companies (Engie Energy, Uniper, OMV, Shell and Wintershall) were launched in May 2018. Maxim Shipenkov/PAP/EPA Poland’s Office for Competition and Consumer Protection (UOKiK) has announced it will appeal a Polish court ruling overturning fines imposed on Russian natural gas giant Gazprom and five companies …

Read More »

Powers come together to pledge urgent support to Moldova as winter approaches

PARIS, Nov 21 (Reuters) – Some 45 countries and institutions are meeting in Paris on Monday to pledge millions of euros in aid to Moldova, amid growing fears it could be further destabilized by the conflict in Ukraine. Moldova, located between Ukraine and Romania, has felt the effects of rising …

Read More »

North American natural gas can help alleviate the energy crisis

North America’s abundant natural gas resources can meet three challenges facing the global energy industry today, including tackling high prices, energy security by exporting gas to Europe , reducing reliance on Russian gas, and third, replacing high-emitting forms of energy to help drive the decarbonization effort forward. Building more pipelines …

Read More »

Gas flows to the east via the Yamal pipeline and flows via Ukraine remain stable

LONDON, Nov 18 (Reuters) – Eastward gas flows via the Yamal-Europe pipeline to Poland from Germany and gas flows from Russia to Europe via Ukraine were steady on Friday morning, according to operator data. Outflows at the Mallnow metering point on the Yamal pipeline’s German border were 6.264 million kilowatt …

Read More »

Lower fuel prices expected next week

Motorists will be greeted by lower prices at the pump over the coming week, local oil industry sources said on Friday. Citing oil trading over the past four days (Nov 14-17), an oil industry source told GMA News Online that the price per liter of diesel could be reduced from …

Read More »

There is a $15 solution to the US-Saudi oil dispute

Comment this story Comment The relationship between Washington and Riyadh has reached this stage where Saudi officials give TV interviews to talk about how good it is. The current tiff has deep roots, but the immediate problem is — what else? — oil, where the United States and Saudi Arabia …

Read More »

Nov 15 live updates: Two killed in Poland near Ukrainian border, zero-Covid curbs Chinese retail sales

Citing the FTX implosion, U.S. lawmakers on Tuesday expressed concern about the risks posed to retail investors and the wider financial system, and stepped up calls for tougher oversight of cryptocurrencies during a hearing. with the main banking regulators in the country. “This should be another call for Congress to …

Read More »

Russia lets Japan retain stake in Sakhalin-1 oil project

Russia has decided to let Japanese companies retain their stake in the Sakhalin-1 oil project in the Russian Far East as Moscow shuffles ownership of national oil and gas projects after a mass exodus of Western companies following the Russian invasion from Ukraine. “The decision is very important for the …

Read More »

Saudi Aramco and Pertamina reach hydrogen and ammonia agreements

Saudi Aramco and Indonesian state-owned Pertamina have signed an agreement to work jointly on projects involving the hydrogen and ammonia value chains. Aramco, in a statement on Monday, said the companies signed a “Memorandum of Understanding (MoU) outlining future cooperation on the key energy transition path” on the sidelines of …

Read More »

Why Washington needs a friendlier approach to major gas producers

In September, a bipartisan group of United States officials called on the United States Secretary of State to impose sanctions on the People’s Democratic Republic of Algeria, saying a $7 billion arms deal with the Russia was violating the Countering American Adversaries Through Sanctions Act of 2017 (CAATSA).The group’s action …

Read More »

Exxon Mobil makes first oil discovery in Angola in 20 years

Over the past five years, the largest independent oil and gas company in the United States, Exxon Mobil (NYSE: XOM), has primarily focused its exploration activities in South America. Last month, the oil major announced that it had makes two new discoveries at the Sailfin-1 and Yarrow-1 wells in the …

Read More »

The European Commission approves the nationalization of the German subsidiary of Russian Gazprom

The European Commission has approved the nationalization of Gazprom Germania, the German subsidiary of Russian Gazprom. The Brussels regulator approved a grant of 225.6 million euros on Saturday. This will allow the German government to take full control of the company, which is now called Security Energy for Europe (Sefe) …

Read More »

Biden ‘has no intention of meeting Saudi crown prince at G20’

With US-Saudi relations strained again over Riyadh’s recent support for oil production cuts, US President Joe Biden is not planning a meeting with Saudi Crown Prince Mohammed bin Salman when the Group of 20 countries industrialized countries will meet in Indonesia in the coming days. , White House national security …

Read More »

CORENERGY INFRASTRUCTURE TRUST, INC. MANAGEMENT REPORT AND ANALYSIS OF FINANCIAL POSITION AND OPERATING RESULTS (Form 10-Q)

The following discussion should be read in conjunction with the unaudited consolidated financial statements and notes thereto included in this Report on Form 10-Q ("Report") of CorEnergy Infrastructure, Inc. ("the Company," "CorEnergy," "we," "our" or "us"). The forward-looking statements included in this discussion and elsewhere in this Report involve risks …

Read More »

Engie updates its forecast for the whole of the year on the increase in high electricity prices

“Engie delivered in unprecedented market conditions,” chief executive Catherine MacGregor said in a statement. The company has benefited from soaring electricity prices as the war in Ukraine has highlighted Europe’s dependence on Russian gas, prompting the bloc to seek sources of electricity. alternative energy. Engie’s earnings before interest and tax …

Read More »

EU leaders accuse US natural gas producers of profiting

Last month, French President Emmanuel Macron accused the United States of “double standards” because of the difference between the price at which liquefied natural gas produced in the United States sells in Europe and the price at which natural gas sells. sells in the United States. “The North American economy …

Read More »

Head of public security: Sanction against motorists for not giving way to ambulances

Okaz/Saudi Official Gazette Riyadh – Lt. Gen. Muhammad Al-Bassami, director of public security, said punitive measures will be taken against motorists who do not yield to ambulances. “Failure to yield the right of way to emergency vehicles will be monitored as a violation and sanction will be taken against those …

Read More »

Gas prices set to rise in Pakistan

ISLAMABAD: Gas utilities Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC) have demanded a massive increase in gas prices, ARY News reported on Tuesday. According to the details, the gas companies have filed a petition with the Oil and Gas Regulatory Authority (OGRA), asking for a …

Read More »

Big Oil doesn’t dance to government tunes. Period.

A few days ago, President Biden caused a stir in the media when he threatened oil companies with windfall taxes and “other restrictions” if they didn’t stop returning money to shareholders and start to invest that money in more oil production. The industry, through the American Petroleum Institute, reiterated once …

Read More »

Gas pipeline works hit roadblock in Mysuru

By Prakash VL The delay in the payment of fees by a company that digs roads to lay pipes is slowing down the project The pipeline operates in Mysore sparked a political battle within the BJP. BJP MP Pratap Simha was opposed to the locals Nagendra MP and the two …

Read More »

Vitol threatens gas shutdown in billion-dollar standoff with Germany | Rigzone

Commodity giant Vitol SA is threatening to halt gas supplies to a German state-controlled energy company in a legal stalemate that could cost the German firm around 1 billion euros. SEFE Marketing & Trading Ltd., a former trading arm of Gazprom PJSC, has lost an urgent bid in a London …

Read More »

Turkmenistan becomes a regional energy powerhouse

A senior Turkmen official again this week dangled the prospect of his country exporting its gas directly to European markets via a Trans-Caspian pipeline, but with a lack of enthusiasm that should probably worry Brussels. Speaking at the Abu Dhabi International Petroleum Exhibition and Conference, or ADIPEC, Shahym Abdrahmanov, the …

Read More »

The United States faces a costly energy crisis this winter

This opinion column was submitted by Terry Jarrett, an attorney and energy consultant who has served on both the board of the National Association of Regulatory Utility Commissioners and the Missouri Public Service Commission. Americans know that inflation has hit hard. Food prices alone have risen by 10% this year. …

Read More »

The CSSF imposes a fine on the Luxembourg financing vehicle of Gazprom

The logo of the Russian energy group Gazprom presented in Saint Petersburg Photo credit: Stringer/dpa Luxembourg’s finance authority has fined Russian energy giant Gazprom’s finance company €10,000, which has separately warned it could face bankruptcy due to Western sanctions. imposed on Russia. “The administrative fine amounts to €10,000,” the CSSF …

Read More »

Oil prices rise ahead of expected Fed rate hike as US crude inventories fall

U.S. crude inventories down 3 million barrels – EIA The market awaits the Federal Reserve Supply set to tighten in coming months due to sanctions, OPEC+ NEW YORK, Nov 2 (Reuters) – Oil prices rose on Wednesday ahead of a rate hike expected by the Federal Reserve, supported by a …

Read More »

Saudi Arabia focuses on mining as it seeks to diversify

SYDNEY, Nov 2 (Reuters) – Saudi Arabia plans to award more than a dozen mining exploration licenses to international investors as it seeks to enter the mining sector in a big way to diversify away from the hydrocarbons, Mines Minister Bandar Al-Khorayef said on Wednesday. Five new exploration sites are …

Read More »

Russia faces ‘serious consequences’ if Putin uses nukes in Ukraine, UK FM warns

British Foreign Secretary James Cleverly on Monday warned Russia of “serious consequences” if President Vladimir Putin chooses to use nuclear weapons in Ukraine. Cleverly warned that the leader of the Russian Federation was “exerting revenge” on civilians in Ukraine. He went on to say that Russia resorts to turning to …

Read More »

Gazprom Neft turbine oils will be used on project 22220 nuclear-powered icebreakers

Gazprom Neft has developed turbine oils for the most powerful atomic icebreakers in the world, those of project 220020, the Arktika series. According to Gazpromneft-Lubricants, technologically advanced lubricants have been created in view of the higher operating standards on the Northern Sea Route (NSR). The first batch of the product …

Read More »

Rampant food and fuel inflation is a disaster for emerging economies

The United States is currently struggling with high commodity prices, including high fuel and food prices. Although gasoline prices have fallen significantly from their highs of $5+, they are still 10.6% higher than a year ago; diesel is 46.5% higher while food costs have increased by 11.4% over the past …

Read More »

Going to extremes to fight oil contamination

JEDDAH — A comprehensive analysis of bacterial communities on Deception Island, an active volcano in Antarctica, highlights the potential for using thermophilic bacteria to clean up oil contamination, according to new research from researchers at KAUST. Júnia Schultz recently joined KAUST as a postdoctoral student working with Dr. Alexandre Rosado, …

Read More »

Russia says British forces blew up Nord Stream; UK denies allegation | Russo-Ukrainian War

British naval ‘specialists’ sabotaged critical gas pipelines last month, according to the Russian Defense Ministry, but the UK says Moscow is ‘making up stories’. Last month, British navy personnel planted explosives and blew up Nord Stream gas pipelines, the Russian Defense Ministry said, a claim London has dismissed as false …

Read More »

Canada raises money for Ukraine with bond sale

WINNIPEG, Oct 28 (Reuters) – Canada will sell a government-guaranteed 5-year bond to raise funds for Ukraine, the first country to do so, and impose new sanctions on 35 Russian individuals, including Gazprom (GAZP .MM) leaders, Prime Minister Justin Trudeau said Friday. “Canadians will now be able to go to …

Read More »

The global shortage of semiconductors is now becoming a glut

The global shortage of semiconductors seems to have officially “squeezed out” the other way and, as such, become a glut. Yes, you read that rightthere is now a glut of semiconductors from major manufacturers, according to a new report from Caixin. Names like Taiwan Semiconductor Manufacturing Co (TSMC), Advanced Micro …

Read More »

Saudi energy minister discusses oil market stability with EU ministers

Oct 28 (Reuters) – Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman has held talks on supporting and increasing the stability of the international oil market with European ministers, according to the news agency. Saudi SPA. In separate virtual meetings with French Energy Transition Minister Agnès Pannier-Runacher and Greek Energy …

Read More »

‘Support Green Activists’: Coalition slams Tanya Plibersek’s defense of $9.8m budget funding for climate groups

The Coalition stepped up its attack on Labour’s funding of environmental groups after Tanya Plibersek said the money would help “poor farmers”. The Albanian government’s first budget on Tuesday night revealed that Labor would give nearly $10 million over four years to restore funding to the Environmental Defenders Office (EDO) …

Read More »

Europe will import 35% more LNG this winter – Kpler

The additional volume of 21.9 Gm3 will bring the winter total to 83.8 Gm3. That will come from global LNG capacity additions, mostly from the United States, supported by weaker Asian demand, according to the company’s winter outlook. Global LNG supply this winter is expected to increase by 13.7 billion …

Read More »

Weaker dollar fuels oil rally

The weaker US Dollar has helped oil prices this week, keeping first-month WTI prices at $86 a barrel despite the flurry of bad macro news. As business activity contracts in the US, UK and Eurozone (in the latter, it was the worst industrial performance report in the entire post-pandemic era), …

Read More »

Saudi Arabia’s PIF and Tadawul set up regional voluntary carbon market company

Saudi Arabia Public Investment Fund (FIP) partnered with Saudi Tadawul Group, the holding company that manages the kingdom’s stock exchange, to create the Regional Voluntary Carbon Market Company. Based in Riyadh, the new company will support regional businesses in their contribution to the global transition to net zero. It aims …

Read More »

Taming oil thieves with app tracker, pipeline monitoring – The Sun Nigeria

By Adewale Sanyaolu Whether Modest progress in recent weeks against the crude-stealing monsters in the Niger Delta holds, Nigeria’s oil production figures and revenues currently below a million barrels a day could resume a rebound. Industry watchers who believe the oil thieves sabotaging the country’s economic fortunes are human, have …

Read More »

National Bank of Bahrain tops Refinitiv Arab ESG ranking

Oil Updates – Crude Rises; Moldova blames Gazprom; US drillers add oil and gas rigs RIYADH: Oil prices rose moderately on Friday as hopes of stronger Chinese demand and a weaker U.S. dollar outweighed worries about a global economic slowdown and the impact of rising interest rates. interest on fuel …

Read More »

Global oil buyers crushed by soaring dollar

Brent oil is down more than 30% from this year’s peak, but you wouldn’t know that if you live in Paris, Mumbai or Accra. The drop in the global oil benchmark of almost $128 a barrel was accompanied by a jump in the dollar of around 15% over the same …

Read More »

Critics say Biden is failing on energy policy. The facts say otherwise.

Texas Congressman and House Speaker Sam Rayburn joked, “Any moron can knock down a barn, but it takes a skilled carpenter to build one. This analogy which is particularly relevant when assessing the recent energy policies of the Biden administration, including the generally skeptical reaction of industry analysts to the …

Read More »

U.S. FERC Says Winter Natural Gas Prices Will Be Higher Than Past Years

Oct 20 (Reuters) – Natural gas prices at major U.S. commercial hubs for the coming winter are expected to remain higher than in recent years, the Federal Energy Regulatory Commission (FERC) said on Thursday. Even if domestic gas production grows faster than domestic demand, “forecasts predict that continued growth in …

Read More »

Erdogan steps up support for Russia’s Turkish gas hub project

Turkish President Recep Tayyip Erdogan has affirmed his interest in strengthening control over Russian gas transit flows to Europe and expanding his country’s regional influence. Addressing the Turkish parliament on Wednesday, Erdogan announced that he had agreed to partner with Russian President Vladimir Putin to build a natural gas hub …

Read More »

Biden runs America’s energy security in the ground

The White House disclosed on Tuesday evening his project to release 15 million barrels of crude oil from the Strategic Petroleum Reserve for delivery in December, as the final tranche of the 180 million barrel emergency release the Biden administration announced in March. Also this week, President Biden said there …

Read More »

US tells OPEC Russian oil price cap won’t target cartel: report

The United States has reassured OPEC that a cap on Russian oil prices is not also aimed at the cartel, a Treasury official told Reuters. The official also said the proposed cap for Russian oil was not the start of a buying cartel designed to counter OPEC. The assurances could …

Read More »

Russian LNG sales to EU jump 50% as Moscow cuts pipeline flows

The EU has increased its purchases of Russian LNG this year, as Moscow drastically cuts pipeline gas supplies. Russian LNG imports totaled 15 billion cubic meters through September, up 50% from last year. Europe is scrambling to replace reduced pipeline flows with LNG purchases, which has allowed Moscow to extract …

Read More »

Kremlin ‘power grab’ in full swing as controversial Wagner Group boss pushes Putin to oust Defense Minister Shoigu

Tuesday, October 18, 2022 8:54 a.m. Putin is reportedly under increasing pressure to sack his defense minister after a series of military setbacks and defeats in Ukraine An internal Kremlin coup is reportedly underway as the leader of the controversial Wagner mercenary group is increasingly putting Russian President Putin under …

Read More »

The NOPEC bill would mean the end of Aramco and OPEC as we know them

Saudi Arabia ceased to be an ally of Washington the moment it began the 2014-2016 oil price war with the specific intent of destroying the then fledgling US shale oil industry, as highlighted in my three books since 2015 on the global oil sector. Riyadh’s alignment with Russia definitely began …

Read More »

Saudi Arabia defends its oil policy against US accusations

OIL TITAN A Saudi Aramco oil facility near the al-Khurj area, just outside the Saudi capital Riyadh, on September 15, 2019. AFP FILE PHOTO Riyadh: Saudi Arabia has dismissed US accusations of siding with Russia amid the war in Ukraine by cutting oil production to drive up crude prices, insisting …

Read More »

NNPC and security agencies discover another illegal pipeline used to steal crude oil – The Whistler Newspaper

#mc_embed_signup{background:#fff; clear: left; font: 14px Helvetica, Arial, sans serif; width:90%;} /* Add your own Mailchimp form style overrides to your site’s stylesheet or this style block. We recommend that you move this block and the preceding CSS link to the HEAD of your HTML file. */ (function($) {window.fnames = new …

Read More »

Palm oil price could come under pressure from increased oilseed production

India could import more than one million tonnes (mt) of palm oil this month as the market comes under pressure due to estimates of higher oilseed production in the 2022 season- 23 from November and higher stocks in Malaysia, according to analysts and industry experts. According to the United States …

Read More »

The United States was the world’s largest oil producer in 2018, not just Texas

The claim: Texas was the world’s largest oil producer in 2018, overtaking Saudi Arabia Texas produced 1.7 billion barrels of oil in 2021by far the most of all states in the United States But a widely viewed Facebook post claims Texas was at one point the world’s biggest oil producer, …

Read More »

Why did these Russian businessmen die in unusual circumstances?

This story contains references to suicide. Several Russian businessmen have recently died in apparent suicides or in accidental and, at times, unclear circumstances, including cases since the country’s invasion of Ukraine. According to local reports, a number of those who died had links to oil and gas companies, with the …

Read More »

News from Russia: Nikolay Petrunin, Putin loyalist and former energy industry executive, dies mysteriously

A senior energy industry executive died in suspicious circumstances after Russia invaded Ukraine. Millionaire Nikolay Petrunin, 46, dubbed Russia’s ‘gas whiz’, entered politics after a career building gas pipelines in Siberia, The sun reported. A deputy of pro-Russian President Vladimir Putin was in a coma for a month and had …

Read More »

Oil prices rise on tight supply as IEA warns of global recession

LONDON, Oct 13 (Reuters) – Oil prices firmed on Thursday, benefiting from continued support from OPEC+’s decision last week to cut supplies, as the International Energy Agency warned that these cuts could plunge the global economy into recession. Brent crude futures rose 49 cents, or 0.5%, to $92.94 a barrel …

Read More »

Gazprom says shipments to Europe via Ukraine will remain stable on Thursday

Oct 13 (Reuters) – Russia’s Gazprom said on Thursday it would ship 42.4 million cubic meters (mcm) of gas to Europe via Ukraine, unchanged from Wednesday. (Reporting by Reuters; Editing by Jan Harvey) Reuters 2022 Analyst recommendations on GAZPROM Sales 2021 10,241B 162B 162B …

Read More »

Germany struggles to adapt to a new era – POLITICO

Ivo Daalder, former US ambassador to NATO, is chairman of the Chicago Council on Global Affairs and host of the weekly “World Review with Ivo Daalder” podcast. Russia’s invasion of Ukraine created a deep identity crisis in Germany. The first shots of the war effectively shattered Berlin’s longstanding security, energy …

Read More »

Oil prices edge down as dollar firms, China COVID worries about falling demand

SINGAPORE, Oct 11 (Reuters) – Oil prices fell on Tuesday, extending losses of nearly 2% in the previous session, as a stronger U.S. dollar and a surge in COVID-19 cases in China led raised fears of a slowdown in global demand. Brent crude futures fell 27 cents, or 0.3%, to …

Read More »

Opinion: Saudi Arabia and the United Arab Emirates are not US vassal states

Editor’s note: Jason D. Greenblatt was sent from the White House to the Middle East in the Trump administration. He is the host of “The diplomat“podcast on Newsweek and author of the new book”On the way to Abraham.” follow him @GreenblattJD. The opinions expressed in this commentary are his own. …

Read More »

Did Macron just accuse Biden of blowing up Nord Stream pipelines

Europe’s top leader, French President Emmanuel Macron, has suggested the EU begin a coordinated effort to ensure the safety of undersea gas pipelines. The proposal was made after Nord Stream pipelines experienced a fourth gas leak following severe pressure drops late last month. Macron said the European Union must come …

Read More »

Hardeep Singh Puri: India’s Oil Price Rise Far Less Than Global Price Rises, Says Hardeep Singh Puri

Union Petroleum and Natural Gas Minister Hardeep Singh Puri said that compared to fuel price hikes around the world, India only raised prices by 2%, which is well below that of other countries. “In terms of gasoline and diesel, while increases in North America are 43-46%, in India we are …

Read More »

Understanding the Ups and Downs of US-Saudi Relations: QuickTake

For more than seven decades, despite differences over human rights and the Arab-Israeli conflict, the United States and Saudi Arabia have maintained a close alliance based on an exchange of security for oil. Lately, this arrangement has shown signs of stress. US President Joe Biden initially chilled relations after the …

Read More »

India in talks with Angola and Algeria for LNG supply

India is in talks with Angola and Algeria to procure liquefied natural gas (LNG) under long-term contracts, two development-aware officials have said, amid concerns of a global shortage of gas fueled by the Ukrainian crisis. The talks come even as New Delhi considers LNG spot purchases to meet domestic demand …

Read More »

Nord Stream investigation reveals evidence of explosions, Swedish police say

Swedish security service says ‘gross sabotage’ indicated Investigation shows detonations on Nord Stream 1 and 2 pipelines Russia says it was not asked to participate in investigation HELSINKI/STOCKHOLM, Oct 6 (Reuters) – A crime scene investigation of the Nord Stream 1 and 2 gas pipelines linking Russia with Europe found …

Read More »

Is this the next major threat to oil demand?

U.S. manufacturing growth slowed in September to its lowest rate since the start of the pandemic recovery, another sign that the U.S. economy is cooling amid aggressive interest rate hikes from from the Fed. If the trend continues in the coming months, it would mean a recession is coming to …

Read More »

Hungarian central bank launches tool to drain liquidity after rate hikes end

The National Bank of Hungary (NBH), which ended its cycle of rate hikes last month by raising the base rate to 13%, said it would deploy a range of tools to tighten liquidity conditions from this month, including the new deposit instrument. “With today’s tender, the BNH begins a marked …

Read More »

Eric Paquette’s Meridian Pictures Forms Partnership With Saudi Arabia’s Hakawati Entertainment – Deadline

EXCLUSIVE: The film and television company of Eric Paquette, former director of MGM and Sony Pictures, Meridian Pictures, has entered into a partnership agreement with the Saudi production house and the literary management company Hakawati Entertainment. Under the agreement, Los Angeles Paquette will bring Hollywood talent to the Saudi entertainment …

Read More »

Russia could disrupt Nord Stream leak probe

One of the favorite plot twists in any murder mystery playbook is when the detective turns out to be the murderer. This old scenario may be playing out in the Baltic Sea right now. The explosions in the Nord Stream 1 and Nord Stream 2 pipelines last Monday were serious …

Read More »

Countries that buy cheaper oil from Russia

By Shruti MenonBBC reality check Russian oil is already significantly cheaper than oil from other sources, and Moscow has said it will stop selling to countries that try to impose price caps. Photo: AFP / Natalia Kolesnikova India and China are increasingly buying Russian oil at a discount as global …

Read More »

Income investors return to oil and gas stocks

Some investors have begun to view oil and gas stocks as income investing stocks rather than cyclical boom and bust stocks, as many others still believe. Record cash flow and earnings over the past two quarters have prompted many oil and gas companies to increase their dividends or pay out …

Read More »

Saudi Arabia’s oil production increased by 20% in 8 months

Saudi Gazette report JEDDAH — Saudi Arabia’s average oil production has increased by 20% from the start of 2022 until the end of August, according to a government document seen by Saudi Gazette. The Kingdom’s production reached around 10.5 million barrels per day, 1.8 million barrels per day higher than …

Read More »

Italy steps up surveillance of gas pipelines after Nord Stream leaks

ROME, Sept 30 (Reuters) – Outgoing Prime Minister Mario Draghi’s government has tightened naval surveillance and controls on pipelines bringing gas to Italy from the south and east, two senior officials told Reuters. The move comes after leaks were discovered on Nord Stream pipelines this week. EU states say they …

Read More »

The energy crisis creates a new European order: a strong Italy and a sick Germany

MILAN/FRANKFURT, Sept 30 (Reuters) – In the weeks since Russia invaded Ukraine on February 24, Claudio Descalzi, CEO of Italian energy giant Eni (ENI.MI), has is embarked on a whirlwind of journeys to gas suppliers in Africa. The visits included meetings with officials in Algeria in February as well as …

Read More »

Analysis: Nigeria squanders oil price windfall as petrol subsidies soar

Nigerian spending on gasoline imports soared Imports more than double Nigeria’s needs NNPC says smuggling distorted supply State oil revenue fell to zero – data LONDON, Sept 29 (Reuters) – Nigeria failed to capitalize on a spike in oil prices that helped shield other exporters from the impact of inflation, …

Read More »

Saudi Arabia outperforms Gulf peers but posts monthly loss

Sept 29 (Reuters) – The Saudi stock market outperformed its Gulf peers on Thursday, extending the rebound for a second session, but posted a monthly loss after a recent plunge. The Saudi stock market hit its lowest level in more than 9 months on Monday as fears grew that central …

Read More »

Oil rises 2% from multi-month low on U.S. Gulf production cuts, supply outlook

BP begins to redeploy workers to offshore platforms Iraq says OPEC is monitoring prices and seeking market balance Coming soon: API supply report at 4:30 p.m. EDT, 2030 GMT NEW YORK, Sept 27 (Reuters) – Oil rose around $2 a barrel on Tuesday from a nine-month low a day earlier, …

Read More »

Power cuts in Sri Lanka blamed on bad oil

COLOMBO — A senior Sri Lankan official has blamed imports of poor-quality crude oil for shutting down a power station, leading to prolonged outages. The head of the utilities regulator, Janaka Ratnayake, said the oil burned in the furnaces contained too much sulphur. But the country’s energy minister disputed the …

Read More »

Canada adds to alarming rise in global pipeline construction

While a new report is expected to reveal a massive increase in pipeline construction around the world, an analyst says Canada is running counter to public opinion and broader international trends by making the problem worse. The global construction of the pipeline, documented by Global Energy Monitor (GEM) in an …

Read More »

Some Saudis fear being left behind despite soaring oil prices

Every evening in Hail, a Saudi town at the foot of a jagged mountain range, Mona heads to her roadside tea stall, turns on the lights and waits for customers to show up. She keeps a printed resume handy, hoping one might offer her a better job. “It’s worse now,” …

Read More »

Energy issues trump human rights as Scholz visits Saudi Arabia | Business | Economic and financial news from a German perspective | DW

Saudi Crown Prince Mohammed bin Salman (MBS) has become a bit of an outcast in the West after the 2018 assassination of dissident Saudi journalist Jamal Khashoggi at the kingdom’s consulate in Istanbul. Four years later, the world has changed. US President Joe Biden and French President Emmanuel Macron met …

Read More »

Telehandler Market to Record Further Growth of $1.73 Billion – Construction Segment to Generate Maximum Revenue

NEW YORK, September 23, 2022 /PRNewswire/ — The global telehandler market is fragmentary in nature. The market is highly competitive and is dominated by vendors such as JC Bamford Excavators, Manitou and Oshkosh. Most of the major vendors in the market are headquartered in Europe. Established vendors focus on increasing …

Read More »

Poland, Ireland and the Baltics call for EU sanctions against Gazprombank and Russian-made diamonds

Gazprombank, the entity that has been instrumental in gas payments between Russia and the European Union, is set to be kicked out of the SWIFT system in the next round of EU sanctions, according to a joint Polish proposal , Ireland and the three Baltic States. In a document obtained …

Read More »

New acting head of Ukrainian gas network operator promises uninterrupted operations

Strong points The priority is to ensure “stable” operation of the gas system: Stanczak Former general manager Sergiy Makogon replaced on September 16 Stanczak takes office at ‘difficult time’ ahead of heating season The new interim head of Ukrainian public gas network operator GTSOU pledged to ensure the uninterrupted transmission …

Read More »

Energy earnings set to decline, but oil services remain strong

The energy sector has made bumper profits in the current year, with major oil companies setting records right, left and center. ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX) and Shell (NYSE:SHEL) together generated $46 billion in second-quarter earnings, with all three setting new quarterly earnings records. Overall, high commodity prices are …

Read More »

Saudi lobbyist, Republican fundraiser

Last year, the former Minnesota Senator Norm Coleman, one of the Republican Party’s greatest fundraisers, had a request for 30 Republican congressional staffers. Coleman had helped many of their bosses’ campaigns in his role at the top of an organization that has raised and spent over $165 million in the …

Read More »

La Plata County to Host Oil and Gas Land Use Code Workshops – The Durango Herald

Presentations will educate residents on state rules while soliciting feedback for local revisions La Plata County will host two workshops next week detailing the process of rewriting Chapter 90 of the land use code while receiving feedback from community members. (Durango Herald file) La Plata County will host two topic-based …

Read More »

Russian ruble, stocks at their lowest after the fall in the mobilization

Putin said he had signed a decree on partial mobilization, dramatically stepping up what Russia calls its “special military operation” in Ukraine, and warned that Moscow would respond with the might of all its vast arsenal if the West continued. what he called his “nuclear blackmail”. “. At 0859 GMT, …

Read More »

Are energy stocks always cheap?

Energy stocks are outperforming the stock market — by a mile — this year. Record profits for oil and gas companies amid soaring commodity prices have made the energy sector attractive to investors. Yet record earnings for energy and materials stocks mask a weaker S&P 500 market, where earnings growth …

Read More »

Vallourec has signed a 10-year agreement with Saudi Aramco to

Vallourec has signed a 10-year agreement with Saudi Arabia for the supply of Premium Housings and Services Meudon (France), 20 September 2022 – Vallourec, world leader in premium tubular solutions, signed a 10-year agreement with Saudi Aramco for the supply of Premium Casing and Services. The associated controls will be …

Read More »

Fund targets transition for large industrial polluters

Hundreds of billions of dollars will be needed for heavy industries – such as steel, cement and chemicals – if they are to swap fossil fuels for clean energy and help the world avoid catastrophic climate change. And providing that funding is the goal of a one-of-a-kind fund from Canadian …

Read More »

Does China need more Russian gas via the Power-of-Siberia 2 pipeline?

Russian President Vladimir Putin held a meeting with his Chinese and Mongolian counterparts on Thursday, during which they discussed a major new infrastructure project, Power-of-Siberia 2, to deliver gas to China via the Mongolia. Russia proposed the route years ago, but the plan has gained momentum as Moscow looks to …

Read More »

Gasoline prices in Georgia fall another 7 cents, despite rising crude oil prices

Gasoline prices in Georgia continue to decline, consistent with the national trend, dropping seven cents per gallon on average for regular unleaded over the past week. But the recent rise in crude oil prices could initiate a reversal of this trend. According to the weekly press release from Montrae Waiters, …

Read More »

Business meeting between Qatar and Saudi Arabia aims to expand investment ties

Officials from the Qatar Chamber and Saudi Arabia’s Asharqia Chamber participated in the Qatari-Saudi business meeting held in Doha on Sunday in the presence of key dignitaries from both sides.The meeting, hosted by the Qatar Chamber, was co-chaired by First Vice President Mohamed bin Towar al-Kuwari and Asharqia Chamber Speaker …

Read More »

Dear John Kerry, African oil belongs to Africa. So shut the F**K UP

Africa has started to understand the importance of self-sufficiency following the global protectionism caused by the COVID-19 pandemic. Moreover, the crisis caused by Europe’s overwhelming dependence on Russian energy has only served to motivate African nations to begin shifting their allegiances away from the West. The conditions are in place …

Read More »

India should not support G-7 Russian oil price cap

A country that imports more than 85% of its fuel needs must ensure that there is no disruption in the supply of this strategic product. It is therefore good news that India is trying to diversify its sources of crude oil supply. This will help insulate the country from the …

Read More »

Italian media: Orbán’s veto shields Russia’s wealthiest Gazprom CEO from EU sanctions

Italy’s largest daily, Corriere della Sera, writes that the European Union cannot sanction several influential Russian oligarchs because of the Hungarian Prime Minister’s veto. According g7.huthe daily mentions three names in their article: Alexei Miller: the CEO of Gazprom, who blackmails Europe with gas, Corriere della Sera characterizes him; Vladimir …

Read More »