News Feeds

Author | Legal Icon | Energy Expert

China Plans to Buy Stakes in Russian Energy Companies

According to Bloomberg sources, the Chinese government is in talks with four state-owned enterprises to buy shares in Russian oil and metals firms. China National Petroleum Corp (CNPC), China Petrochemical...
Read More

Shell to Halt Purchase of Russian Oil and Gas

Following criticism over its decision to acquire crude oil from Russia last week, UK energy major Shell has decided to halt all imports of Russian oil and natural gas. On...
Read More

Saudi Arabia Reiterates Commitment to the OPEC+ Agreement and Russia

Despite the conflict between Russia and Ukraine, last week, the Saudi Press Agency reported that Saudi Arabia's Crown Prince Mohammed bin Salman (MbS) reaffirmed his country's "commitment to the 'OPEC+'...
Read More

The Republic of the Congo to Upgrade Gas in Pursuit of Zero Flaring

President of the Republic of the Congo, H.E. Denis Sassou-Nguesso, has outlined government plans to upgrade gas towards the objective of zero flaring. Speaking during an address to an audience...
Read More

Iran Prepares to Return to International Oil Markets Amid Reports Sanctions Will be Lifted

According to Bloomberg, Iran is preparing to re-enter international oil markets, with representatives from the National Iranian Oil Company meeting with two South Korean refiners to negotiate supply agreements. South...
Read More

Iran Expects Higher Oil Export Revenues This Year

Based on the proposed budget for the year ending March 2023, Iran expects increased oil export profits in the coming fiscal year. The proposal includes oil export receipts that are...
Read More

CCTV News: Interview with Nigeria’s Minister of State for Petroleum Resources on oil price

From the Archives: JUNE 30, 2016 "Double the 50 billion dollar target, that's how Nigeria's fundraising roadshow is going. Nigeria's Minister of State for Petroleum Resources Emmanuel Ibe Kachikwu tells CCTVNEWS...
Read More

Europe’s Dependence on Natural Gas Imports Reaches 80%

The European Union and the United Kingdom's reliance on natural gas imports have increased from 65% in 2010 to 80% in 2020, according to the US Energy Information Administration (EIA)....
Read More

Taqa’s 2021 Profit More Than Doubles as Revenue Climbs on Higher Oil Prices

Taqa, the Abu Dhabi National Energy Company, saw its profit more than double in 2021 because of increasing oil prices. The company said in a statement to the Abu Dhabi...
Read More

Iran Oil Exports Jump Over 1 Million Bpd for the First Time in 3 Years

According to Reuters, crude oil shipments from Iran have surpassed 1 million barrels per day (bpd) for the first time since 2019. China, unsurprisingly, is the largest buyer of oil....
Read More