Digest

California Governor Gavin Newsom called a widespread electricity shutdown triggered by a power company to prevent wildfires “unacceptable, ” saying on Thursday it resulted from years of mismanagement by the utility. Pacific Gas and Electric Co (PG&E) has imposed unprecedented ...

Earlier, Saudi Aramco’s CEO said that last month’s attacks on the country’s oil facilities had galvanised the company to quickly rebuild and to come out of the incident “stronger than ever. ” Saudi Aramco Chief Executive Officer Amin Nasser has announced the time ...

U. S. oil company Chevron Corp (CVX. N) is turning to joint ventures and drilling alliances in its bid to dominate the Permian Basin after abandoning a takeover that would have made it the leading producer in the world’s biggest shale field. It is now in a race with Exxon Mobil (XOM. N) ...

The Russian Arctic National Park registered a record high number of visitors over the summer season in 2019. According to the park’s Director Alexander Kirilov, the park welcomed 1, 306 visitors in 2019, against 1, 079 a year earlier. "The tourist season in 2019 is over at the ...

This year, Russia provided record supplies of gas to the European market to meet the region’s growing demand. But some nations, particularly the US, Poland and the Baltic states, still insist Europe can do without Russian energy. Here are the key Russian pipelines supplying oil and ...

Saudi Arabia’s ability to avert a global oil supply crunch will only become clear in a few weeks, because for now its crude held in storage can fill the gap and mask the scale of damage to its facilities, traders and analysts say. Riyadh says production will be back to normal levels in ...

Houthi drone attacks on two major Saudi Aramco facilities, including the largest crude stabilisation plant in the world, have sparked concerns over the attacks’ impact on global oil prices, with the oil-rich country confirming that about half of its production, accounting for about 6 ...

Deeper oil-production cuts aren’t on the agenda as OPEC+ ministers gather in Abu Dhabi, but there’s growing concern about the strength of fuel demand as the global economy slows. Crude has lurked in the low $60s for most of the summer as escalating tensions between the U. S. and ...

Melbourne. With a giant gas project expansion in the tropical highlands of remote Papua New Guinea bogged down by politics, the country’s biggest company, Oil Search (OSH. AX), is turning for growth to the other side of the world in Alaska’s frozen wilderness. Australia-listed ...

Arkhangelsk. The Arctic Floating University on board the Professor Molchanov research vessel on Friday returned to Arkhangelsk from a voyage, which finished the Trans Arctic 2019 expedition. The expedition’s leader Olga Gripas told TASS the voyage route took the explorers to the White ...

The Nord Stream 2 pipeline continues to face challenges, and after receiving permits from the Baltic States, now Denmark seems to be the last bottleneck. Large energy projects tend to be controversial due to environmental and political reasons. Nord Stream 2 (NS2) is not an exception as it ...

Moscow. Oil companies are under increasing pressure to bring fuel to market faster and cheaper, leading BP Plc to conclude some of its resources “won’t see the light of day, ” according to its head of strategy. Some of the “more complicated to extract” resources ...

Fracking has been an “unmitigated disaster” for shale companies themselves, according to a prominent former shale executive. “The shale gas revolution has frankly been an unmitigated disaster for any buy-and-hold investor in the shale gas industry with very few limited ...

After being hit by the trade war and U. S. sanctions on Iran, some Chinese buyers of liquefied petroleum gas from the Persian Gulf nation are finding it’s too tough a habit to kick. China sourced around a fifth of its LPG -- used as cooking fuel, in cigarette lighters and to make ...

Moscow. Oil tanker owners face spiraling insurance costs to load cargoes from the world’s largest crude-export region after the latest round of attacks on vessels. War risk premiums that owners pay each time they go to the Persian Gulf have now surged to at least $185, 000 for ...

Moscow. Oil bulls thought 2020 would be their year. After half a decade of lower spending on new projects, oil production growth was supposed to slow to a trickle just as demand was supercharged by a once-in-a-generation shake up in the shipping fuel market. Many market commentators predicted ...

Status of TANAP project As you may recall, we held our inauguration ceremony last year for Phase 0. We started delivering gas to Turkey commercially in June 2018. Till now, we have delivered approximately 2. 5 billion cubic meters of gas to Turkey, to Turkish customers. Phase 1, the ...

Statements on inevitable sanctions against the Nord Stream 2 pipeline may be a tactical move by the US administration, Rachel Ziemba, Adjunct Fellow at the Center for a New American Security, told TASS. She was commenting on the recent statement by US Energy Secretary Rick Perry. During ...