IEA urges OPEC+ to boost oil production amid market rallies February 16, 2022 The head of the IEA Fatih Birol has called on OPEC+ to boost production to meet its agreed output targets.
EU President: Europe can deal with partial disruption to Russian gas flows February 16, 2022 The EU could cope with a partial disruption to gas imports from Russia, argued commission president Ursula von der Leyen.
Shell plans $1bn sale of North Sea gas fields February 15, 2022 Shell is preparing to offload its stakes in two clusters of gas fields in the North Sea for up to $1bn as it shifts away from the basin.
Crude Awakening: The necessity of oil and gas in the green transition February 15, 2022 Oil and gas have a role to play in the energy mix of developed economies, even as the world transitions to renewable energy sources.
Gazprom to ramp up oil drilling to pre-Covid levels February 15, 2022 Gazprom Neft the oil arm of the Kremlin-backed fossil fuel giant, expects to restore oil drilling to pre-pandemic volumes this year.
Oil slumps as Russian troops return to base and investors cash-in on market rallies February 15, 2022 Profit taking from investors and reports of Russian troops pulling back from Ukraine's borders has weighed down oil prices.
Miner BHP hits near record iron ore production despite ‘Covid related labour constraints’ February 15, 2022 Mining giant BHP has achieved near record production in iron ore, despite being impacted by poor weather and labour restrictions on operations. In half-year results ended 31 December 2021, the metals and petroleum firm reported it remained “fatality free” at its operated assets for the third consecutive year. It has also reported rebounding profits from [...]
Energy round up: Prices rise amid fears Russia will invade Ukraine February 14, 2022 Petrol, oil and gas prices have risen amid rising fears Russia could invade Ukraine and disrupt supply chains.
Evraz shares sink with demerger plans and growing Ukraine tensions February 14, 2022 Evraz's shares have sunk on the London Stock Exchange, dropping 29 per cent on the FTSE 100 amid growing tensions between Russia and the West over Ukraine.
EU deepens investigation into Gazprom’s European business amid supply concerns February 14, 2022 EU antitrust regulators will intensify information gathering on Gazprom's European business, amid the continent's growing supply crisis.
