Oil & Gas

A group of European gas grid operators have declared that renewable gases should play a larger role in Europe’s decarbonisation efforts, after the findings of a recent study supported the increased use of biomethane and hydrogen across existing EU infrastructure. The Gas for Climate initiative was...

Saudi Arabia will trim its crude oil exports to below seven million barrels per day (bpd) in April, revealed a Saudi official on Monday, in a bid to drain a global supply glut and boost oil prices. Oil prices edged higher on Tuesday in response to...

Global liquified natural gas (LNG) trade will increase by 11% to 354 million tonnes (Mt) this year as new facilities come online and increase supplies to Europe and Asia. The figures were contained in an annual report published by Royal Dutch Shell – the largest buyer...

The United States has ramped up pressure on President Nicolás Maduro’s government in Venezuela by imposing sanctions on the state-owned oil company PDVSA. The US Treasury said that all of PDVSA’s assets subject to its jurisdiction were blocked, including Citgo – the company’s US refining subsidiary. While...

Chevron, Total and Indian refiner Reliance Industries are the latest major oil companies to have joined London-based blockchain trading platform Vakt. Vakt was created in 2017 by a consortium comprised of BP, Royal Dutch Shell and Norway’s Equinor to be one of the first blockchain pilot...