EIA expects U.S. natural gas prices to stay high through the winter

In its October Short-Term Energy Outlook, the U.S. Energy Information Administration forecasts that natural gas spot prices at the U.S. benchmark Henry Hub will see the highest average winter price since 2007–2008. ...»

Russia decides not to increase natural gas shipments to Europe

Russia is keeping a tight grip on Europe’s energy market, opting against sending more natural gas to the continent even after President Vladimir Putin said he was prepared to boost supplies. ...»

Clariant boosts technology and sustainability capabilities in state-of-the-art oilfield services center in South Texas

Clariant’s Oil and Mining Services business has officially opened its new, state-of-the-art Eagle Ford Technology, Sales and Operations Center near San Antonio, TX. ...»

Asia seeks more U.S. oil exports as Brent prices climb

Asian demand for U.S. oil is rising as the energy crisis boosts prices for other crudes that are priced against the global Brent futures contract. ...»

Manchin opposes clean energy plan in Biden’s spending package

Senator Joe Manchin has told the White House and congressional leaders that he will not support including a key clean-power provision in the Democrats’ spending package, putting at risk a central element of the legislation designed to fight climate change, according to a person familiar with the matter. ...»

Venezuela secret police return six Citgo executives to prison

Venezuela intelligence police have transferred the six Citgo Petroleum Corp. executives who where under house arrest to its headquarters, lawyers for the men said. ...»

U.S. Coast Guard boards vessel suspected of damaging subsea pipeline

The U.S. Coast Guard boarded a container ship that dragged its anchor near to a Southern California subsea pipeline that was the source of an oil spill earlier this month. ...»

Oil price climb continues, logging eighth weekly gain

Oil rose higher on Monday following an eighth weekly gain, spurred on by the energy crunch as winter approaches. ...»

OPEC misses crude output targets, straining global oil supply

OPEC and its allies once again failed to pump enough oil to meet their output targets, exacerbating the supply deficit as the world recovers from the coronavirus pandemic. ...»

Occidental sells $750MM Ghana stakes as part of debt-reduction focus

Occidental Petroleum Corp. agreed to sell its stakes in two Ghanaian oil fields for $750 million, ending a two-year divestment effort aimed at cutting debt. ...»

Turkish Petroleum awards Schlumberger contract to tap its largest gas reserve

Turkish Petroleum has awarded Schlumberger a significant contract for the engineering, procurement, construction and installation (EPCI) of end-to-end production solutions for the Sakarya gas field, Turkey’s largest gas reserve. ...»

Israel says it can’t increase gas exports, prioritizing domestic demand

Israel said it’s unlikely to expand natural-gas exports even as countries across Europe clamor for more supply amid a severe energy crunch. ...»

Bolsonaro wants to privatize Brazil’s state-owned Petrobras

Brazilian President Jair Bolsonaro said Thursday that he wants to privatize Petrobras, the state-controlled oil company that is under political pressure to lower fuel prices. ...»

U.S. natural gas futures climb on winter inventory concerns

U.S. natural gas futures climbed after winter stockpiles of the furnace and power-plant fuel expanded less than expected, heightening concerns about adequate supplies going into the peak-demand season. ...»

EQT’s CEO calls for more American shale investment to end energy crisis

The largest U.S. natural gas driller is using the global energy crisis to renew his call for more investment in domestic infrastructure such as pipelines, which he says will enable increased exports and ease shortages. ...»

Oil firms are paying the price as UK electricity suppliers fail

As the number of failed British electricity suppliers continues to rise, two of the world’s largest oil and gas giants are feeling the ripple effect. ...»

South Sudan’s president fires head of state oil company

Bol Ring Mourwel, who was appointed head of Nile Petroleum Corp. in September 2020, was removed with immediate effect, according to a decree broadcast on state television on Thursday. ...»

Brent crude passes $85 as energy crisis stokes oil demand

Oil in London rose past $85 a barrel for the first time since 2018, the latest milestone in a global energy crunch that has seen prices soar. ...»

2021 World Oil Awards winners honored at live Houston gala

Honorees received awards in 18 categories, encompassing the full breadth of the upstream industry. Today’s innovations, many of which would have seemed far-fetched a generation ago, are enabling operators to find and produce hydrocarbons more safely, economically, and efficiently. ...»

2021 World Oil Awards winners honored at live gala

Honorees received awards in 18 categories, encompassing the full breadth of the upstream industry. Today’s innovations, many of which would have seemed far-fetched a generation ago, are enabling operators to find and produce hydrocarbons more safely, economically, and efficiently. ...»