Canada to boost oil and gas exports amid Russia-Ukraine conflict
The move is in response to requests made by European countries that are looking to reduce dependence on Russian energy.
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BP considers sale of closed UK North Sea oil field
The Foinaven field still holds an estimated 200 million barrels of oil reserves that could be tapped with minimal investment.
Shell signs offshore production sharing contracts with Malaysia’s Petronas
The contracts cover exploration blocks SK439/SK440, off the coast of Sarawak, and blocks SB-2W and SB-X, off the coast of…
Brazil anticipates 10% oil production rise
The news comes as the International Energy Agency meets to discuss where nations are in their climate commitments since COP26.
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Japanese refiners to stop Russian crude purchases over Ukraine invasion
Japanese refiners Eneos Holdings and Idemitsu Kosan will not sign new contracts to import Russian crude oil.
Shell re-examining decision to exit from UK North Sea oil field
Shell owns a 30% stake in the Cambo field, which is situated more than 1,000 metres underwater.
Dutch bank ING to phase out oil and gas backing
The move makes ING one of the first major financial institutions to turn away from oil and gas, though funding…
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Italy considers two floating LNG plants to reduce reliance on Russian gas
The two floating storage and regasification units are expected to have a combined capacity of more than ten billion cubic…