The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many E&P boardrooms in 2019, but the impact on exploration drilling is not yet apparent.
As we enter a new decade, I’m sure I’m not alone in reflecting on matters that are personally important, together with major issues that impact on society, the environment and the economy.
Russia and Turkey have called for a ceasefire in Libya, to come into force as of midnight January 12.
Russia officially opened its TurkStream natural gas pipeline on Wednesday, further diversifying export routes to Europe amid a backlash from the U.S.
Russia has halted oil supplies to Belarus as talks on strengthening economic ties remained stalled over concerns that Moscow could effectively swallow up its neighbour.
European gas and power prices extended declines after a last-gasp accord between Russia and Ukraine on natural gas flows averted a winter supply crisis.
OPEC output cuts have stabilized the global oil market but can’t last forever, Russia said as uncertainty persists over the future of the agreement beyond March.
Equinor and Rosneft have sanctioned a full development of the North Komosomolskoye field in Russia.
Russia and Ukraine have agreed to continue sending gas through Ukraine to Europe for five years.
Oil traded near the highest level in almost 12 weeks after Saudi Arabia surprised the market Friday with a significant supply cut beyond what was agreed to with fellow OPEC+ members.
The countries of the Opec oil-producing cartel and ally Russia have agreed to cut crude production by an extra 500,000 barrels a day.
The world’s biggest natural gas exporter and one of the globe’s top consumers of the fuel cement their energy co-operation on Monday with the launch of Russia’s giant Power of Siberia pipeline to northern China.
OPEC and its allies sent more signals that they’ll stick with existing output cuts at their meeting next week.
Libya expects to raise more than $20 billion in revenue in 2019, with production running at around 1.25 million barrels per day, the company’s chairman Mustafa Sanalla said at a conference in Tunis.
Russia offered yet another explanation for why its oil production may exceed its OPEC+ target for November, months after promising to improve the country’s lax implementation of output cuts.
Uniper is confident that LNG supply will continue to be bountiful in the years to come, providing a secure source of supply for demand around the world, company board member Keith Martin told Energy Voice at ADIPEC.
Energy is particularly important to Ukraine. It is not simply a matter of ensuring consumers and businesses have the energy they need, at the right price. Or that the country is fulfilling its international obligations in transitioning towards a more sustainable, renewables based, energy system. Energy is also absolutely fundamental to our national security and the nature of our relationships with our neighbours.
Russia's defence ministry has harshly criticised the US decision to send armoured vehicles and combat troops into eastern Syria to protect oil fields.
A number of African states are in the process of visiting Sochi, largely in the hope of signing deals for new investment.
Energy services firm Petrofac has hailed the start of gas injection for a giant project to deliver energy from Russia to Turkey.
Total has closed its purchase of Anadarko Petroleum’s 26.5% stake in the Mozambique LNG project.
An Aberdeen-based energy services firm has won a contract worth more than £1million for work in Far East Russia.
South Korea has struck a 15-year deal with BP for LNG supplies, covering 1.58 million tonnes per year.
Engineering services firm McDermott International has won a contract to help deliver a major liquefied natural gas (LNG) project in Russia.
The oil price spike caused by a drone attack on a major Saudi processing facility will provide a welcome − but short-lived − boost to North Sea revenues, a prominent petroleum economist has said.