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Carbon-Eating Bacteria May Hold The Key To Decarbonization

Carbon-Eating Bacteria May Hold The Key To Decarbonization

A U.S.-based biotechnology firm is…

The Making of a Russo-African Iron Curtain

The Making of a Russo-African Iron Curtain

As Western nations are withdrawing…

News

ExxonMobil Hikes Resource Estimate After 3 New Guyana Discoveries

ExxonMobil Hikes Resource Estimate After 3 New Guyana Discoveries

Apr 26, 2022 at 18:50 | Gandahari Cooray

ExxonMobil has increased its estimate of the gross discovered recoverable resource estimate for its Stabroek Block in offshore Guyana to 11 billion oil-equivalent barrels

Trafigura To Sever All Ties With Russia’s Rosneft By May 15th

Trafigura To Sever All Ties With Russia’s Rosneft By May 15th

Apr 26, 2022 at 18:37 | Gandahari Cooray

Global commodities giant Trafigura confirmed today that it will stop all crude oil purchases from Russian state-backed Rosneft by May 15th. It is the latest commodities trader to cut ties…

Oil Prices Fall On Larger Than Expected Crude Inventory Build

Oil Prices Fall On Larger Than Expected Crude Inventory Build

Apr 26, 2022 at 16:11 | Julianne Geiger

The American Petroleum Institute (API) reported a surprise build this week for crude oil of 4.784 million barrels, compared to analyst predictions of a much smaller 600.000 barrel build. U.S.…

Germany Could Ban Russian Oil In ‘Days’

Germany Could Ban Russian Oil In ‘Days’

Apr 26, 2022 at 14:47 | Charles Kennedy

Germany has already cut Russian oil imports by over 20%, with officials now spreading optimism that it could be only a matter of days before the country is…

Polish Media: Russia Has Halted Gas Supplies To The Country

Polish Media: Russia Has Halted Gas Supplies To The Country

Apr 26, 2022 at 12:01 | Charles Kennedy

Poland announced on Tuesday that it was preparing to impose sanctions on 50 Russian oligarchs and companies, as Polish media report that Russia has stopped gas deliveries to…

Kazakhstan's Crucial CPC Pipeline Is Back Online

Kazakhstan's Crucial CPC Pipeline Is Back Online

Apr 26, 2022 at 11:03 | Eurasianet

A pipeline that Kazakhstan uses to export most of its oil began operating at full capacity over the weekend, one month after key offloading infrastructure was allegedly damaged…

Russian Energy Tycoons & Families Found Dead In Suspicious Circumstances

Russian Energy Tycoons & Families Found Dead In Suspicious Circumstances

Apr 26, 2022 at 11:02 | Tsvetana Paraskova

Several Russian oligarchs, who have either worked at energy firms or amassed their fortune from oil and gas, have been found dead in suspicious circumstances, not only in Russia but…

Steel Demand Is Dwindling As China Grapples With New Lockdowns

Steel Demand Is Dwindling As China Grapples With New Lockdowns

Apr 26, 2022 at 10:49 | Metal Miner

Steel prices for hot-rolled coil in Europe have started to decline as end-users push back from earlier offers. Meanwhile, benchmark iron ore prices in China dropped, due to…

Big Oil’s Huge Profits Offset by Russian Asset Write-Offs

Big Oil’s Huge Profits Offset by Russian Asset Write-Offs

Apr 26, 2022 at 10:22 | Tsvetana Paraskova

The world’s largest international oil firms are expected to book a combined $34 billion in net profits for the first quarter—the largest in more than a decade—but Big Oil will…

White House Blocks Oil Drilling Expansion In Alaska

White House Blocks Oil Drilling Expansion In Alaska

Apr 26, 2022 at 09:13 | Charles Kennedy

The Biden administration has blocked the expansion of oil and gas drilling in the National Petroleum Reserve in Alaska, effectively limiting land available for drilling to half of the reserve’s…

Manchin Seeks Cooperation With Republicans For Energy Bill

Manchin Seeks Cooperation With Republicans For Energy Bill

Apr 26, 2022 at 08:12 | Charles Kennedy

Democratic Senator Joe Manchin is exploring a new energy and climate legislative package that would win the support of Republican senators as a way of releasing massive funds earmarked for…

Rosneft Sale Tender Fails After Demand For Rubles For Oil

Rosneft Sale Tender Fails After Demand For Rubles For Oil

Apr 26, 2022 at 07:50 | Tsvetana Paraskova

Russia’s state-controlled oil giant Rosneft has failed to place 6.5 million barrels of various Russian crude blends loading in May and June after demanding rubles and 100-percent pre-payment from buyers,…

Moody’s Forecasts Record Oil And Gas Profits, Free Cash Flow

Moody’s Forecasts Record Oil And Gas Profits, Free Cash Flow

Apr 25, 2022 at 16:26 | Charles Kennedy

Moody’s Investor Service has upgraded its outlook for the global energy industry from “neutral” to “positive”, forecasting “record profit and free cash flow”…

Prices At The Pump Continue To Rise As Crude Remains Volatile

Prices At The Pump Continue To Rise As Crude Remains Volatile

Apr 25, 2022 at 16:14 | Charles Kennedy

Gasoline prices in the United States climbed higher Monday, despite crude oil’s brief retreat under $100 per barrel as bearish sentiments emerged over China’s intensifying COVID lockdown.

Europe Buys Abu Dhabi Crude To Replace Russian Barrels

Europe Buys Abu Dhabi Crude To Replace Russian Barrels

Apr 25, 2022 at 11:52 | Charles Kennedy

Abu Dhabi crude is preparing to make its way to Europe for the first time in two years as the European Union seeks replacements for Russian oil, Reuters…

Norway Arrests Activists Chained To Russian Oil Tanker

Norway Arrests Activists Chained To Russian Oil Tanker

Apr 25, 2022 at 10:56 | Julianne Geiger

The authorities in Norway have arrested 20 activists who used small boats to keep a Russian oil tanker from unloading off Copenhagen on Monday.  The activists,…

Guyana Sells First Oil From New Platform To Exxon At $106 Per Barrel

Guyana Sells First Oil From New Platform To Exxon At $106 Per Barrel

Apr 25, 2022 at 10:50 | Tsvetana Paraskova

Guyana has sold a cargo of 1 million barrels of its newest crude to ExxonMobil for $106 per barrel, which was the first share for the government from the newly…

The Huge Environmental Impact Of Kyrgyzstan’s New “Eco-City”

The Huge Environmental Impact Of Kyrgyzstan’s New “Eco-City”

Apr 25, 2022 at 10:09 | RFE/RL staff

Kyrgyz officials say they have signed a contract with foreign investors to start building an "eco-city" near the picturesque shores of Lake Issyk-Kul in the country's north, despite…

Fire Breaks Out At Russian Oil Depot Close To Ukrainian Border

Fire Breaks Out At Russian Oil Depot Close To Ukrainian Border

Apr 25, 2022 at 09:16 | Charles Kennedy

An oil depot in Russia near the border with Ukraine caught fire early on Monday, and another site, a military one, was also on fire, Russian authorities and media

India’s Crude Oil Import Bill Doubles

India’s Crude Oil Import Bill Doubles

Apr 25, 2022 at 08:17 | Irina Slav

India’s crude oil import bill doubled in the financial year that ended on March 31, totaling $119 billion, The Hindu reported, citing data from the Petroleum Planning and Analysis…

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