The United States is set to drive North America’s upcoming LNG liquefaction projects count by 2026, contributing around 68% of the total project starts during 2022 to 2026, found GlobalData. SourceContinue Reading

ExxonMobil announced three new discoveries offshore Guyana which will increase the estimate of the recoverable resource of the Stabroek Block to nearly 11 billion oil-equivalent barrels. SourceContinue Reading

European gas prices surged more than 20% as Russia’s Gazprom PJSC confirmed that it halted gas flows to Bulgaria and Poland, saying it will keep supplies turned off until the two countries agree to Moscow’s demand for rubles — a dramatic escalation with Europe as its invasion of Ukraine presses forward. SourceContinue Reading

European Commission President Ursula von der Leyen warned companies not to bend to Russia’s demands to pay for gas in rubles, as the continent scrambles to respond to Moscow’s move to start switching off supplies. SourceContinue Reading

European refiners continue to lap up North Sea crude to seek replacements for Russian oil in response to the war in Ukraine. SourceContinue Reading

Contrary to the tone of some news coverage, an analyst at Evercore ISI sees the overnight news that Senator Manchin convened a bipartisan group, together with Senator Murkowski (R-AK), to discuss a bipartisan energy bill, as bad news for the prospects of energy legislation before the midterm elections. SourceContinue Reading

The first Annual General Meeting of Energy NL occurred virtually on Tuesday and included reports from the CEO and treasurer, remarks by the incoming and outgoing chairs, and results of the board of director election process. SourceContinue Reading

Big Oil is walking away from tens of billions of dollars of Russian assets, but $100 crude is easing the sting. SourceContinue Reading

Guyana, home to the world’s largest oil discovery of the past decade, is in discussions with Abu Dhabi to build a deepwater port to serve the rapid economic development along South America’s Caribbean coast. SourceContinue Reading

Economy Minister Robert Habeck said Germany has already cut its reliance on Russian oil enough to make a full embargo “manageable,” potentially laying the groundwork for a continent-wide ban that would upend the global trade in petroleum. SourceContinue Reading