Azerbaijan is trying to take back control of Nagorno-Karabakh, a breakaway territory controlled by ethnic Armenians, in the latest escalation of a decades-old conflict. Developments over Karabakh could alter the geopolitical balance in the South Caucasus…
Shell and Trinidad and Tobago's National Gas Company (NGC) are close to agreeing to credit Venezuela's state-run oil firm for its $1 billion investment in a gas field the three want to jointly develop, four people close to the discussions said…
Malaysia's Petroliam Nasional Berhad (Petronas) will focus on bolstering its capital position to deal with increasing volatility in the energy market and 'restrictive' access to financing, the state oil firm's chief executive said on Wednesday…
Uruguay state-run energy firm Ancap is set to agree to final terms for a record number of seven offshore exploration licenses next month, a senior executive told Reuters, as the frontier market lures bets from global players like Shell.To date no oil or gas has been found in Uruguayan waters…
Britain, which was quick to set ambitious climate goals, is now stumbling on the path to reach net zero emissions by 2050 and facing hurdles that could resonate with nations trying to balance their targets with politics and the cost of action…
A new floating reception terminal for liquefied natural gas (LNG) off the German Baltic Coast should be operational from the first quarter of 2024, gas pipeline operator Gascade, which is building its onshore connection, said on Wednesday.Located off Mukran on the Baltic Sea island of Ruegen…
The Swedish investigation into the sabotage last year of the Nord Stream pipelines is at a sensitive stage and the prosecutor hopes to decide whether to bring any charges before the end of this year, he told Reuters on Wednesday.In September 2022…
Oil prices spiked more than 1% on Tuesday after Saudi Arabia and Russia announced a fresh extension to their voluntary supply cuts, stretching a combined 1.3 million barrel per day (bpd) reduction for another three months through December.Brent crude futures for November were up $1…
Shell's Cullinan-1X exploration well offshore Namibia did not make a commercial oil and gas discovery, the company said on Thursday.Namibia, which has yet to produce any oil and gas, has attracted strong interest from international companies…
Chevron has asked Australia's Fair Work Commission (FWC) to intervene in its dispute with workers on strike at two major liquefied natural gas facilities, banking on new laws that came into effect in June and which empower the industrial arbitrator…
BP CEO Bernard Looney resigned on Tuesday with immediate effect after less than four years in the oil major's top job for failing to fully disclose details of past personal relationships with colleagues, the company said.Chief Financial Officer Murray Auchincloss will act as CEO on an interim basis…
Ronan Cassidy, Shell plc’s Chief Human Resources and Corporate Officer, will step down with effect from December 31, 2023, and leave group service thereafter.Rachel Solway, currently Executive Vice President, Human Resources Organisation Development & Learning…
Bibby Marine and its consortium partners are moving forward with plans to build the world’s first zero-emission electric service operation vessel (eSOV) after securing funding for the project from the Zero Emission Vessel Infrastructure (ZEVI) competition…
German oil and gas producer Wintershall Dea on Wednesday tried to assuage fears that the hit from its planned Russian exit could be too painful, saying its remaining operations were strong and stable. Chief Executive Mario Mehren told Reuters that the company considered its Germany…
Algeria, Egypt, and Libya will be Italy's main gas suppliers for the next few years, Eni's head of natural resources told Reuters, adding that the energy group would invest heavily in Africa both in exploration and in new low-carbon projects…
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