Govt & Regulatory News


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Gaz System to Acquire Gas Storage Poland
Poland's natural gas transmission system operator OGP Gaz System S.A. is acquiring 100 percent of the share capital of the operator of the natural gas storage system in the country from Orlen SA.
8:00 PM EST | March 18, 2024
Oil Market Sentiment Has Improved Significantly
'Brent oil prices have risen to a four-month high'.
8:00 PM EST | March 17, 2024
EU Electricity Export to Ukraine Up 94 Percent in Two Years
The amount of electricity sent by EU countries to Ukraine rose from 415 million kWh in 2021 to 935 million kWh in 2023.
8:00 PM EST | March 17, 2024
China Coal Output Falls for First Time since Government Ordered More
The decline adds to signs that Beijing's long campaign to bolster energy security by digging more of coal may have reached its apex.
8:00 PM EST | March 17, 2024
EU, US Eye Collaboration on Nuclear Materials
The EU and US intend to forge cooperation to curb the globe's reliance on Russia in the nuclear energy supply chain.
8:00 PM EST | March 17, 2024
UK CCUS Plans Outdated: Think Tank
The UK government's CCUS strategy is based on optimistic assumptions that are 'outdated and unrealistic' and could risk locking consumers into a 'high-cost, fossil-based future'.
8:00 PM EST | March 17, 2024
Bahrain Oil Field Wins USA Financing Despite Biden Climate Vow
The U.S. Export-Import Bank voted to provide a $500 million loan guarantee for an oil and gas development in Bahrain.
8:00 PM EST | March 15, 2024
Russia Hits Odesa After Ukraine Targets Oil Plant Near Moscow
Russia hit the Black Sea port of Odesa on Friday in a deadly missile attack, hours after Ukrainian drones targeted a small petrochemical plant near the Moscow region.
8:00 PM EST | March 14, 2024
EIA Drops 2024 Henry Hub Gas Price Forecast
The U.S. Energy Information Administration cut its Henry Hub spot price forecast in its latest short term energy outlook.
8:00 PM EST | March 14, 2024
US DOE Plans $750MM in Grants to Advance Clean Hydrogen Solutions
The DOE provisionally allotted $750 million for 52 projects across 24 states to advance electrolysis technologies and grow the domestic supply chain for clean hydrogen production.
8:00 PM EST | March 14, 2024
Biden LNG Freeze Delaying Projects and Risking USA Market Share
The Biden administration's pause on new licenses for LNG exporters is already stalling progress for projects that were aiming to come online later this decade.
8:00 PM EST | March 14, 2024
Rystad Looks at the Buzz Around White Hydrogen
The buzz around natural hydrogen, dubbed white or gold hydrogen, is gaining global momentum, Rystad Energy said.
8:00 PM EST | March 14, 2024
Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
The Biden administration released a strategy for the U.S. to build charging and hydrogen fueling infrastructure for freight trucks from 2024 to 2040.
8:00 PM EST | March 14, 2024
Germany Risks EU Suit over Technical Shortcoming in Adopting RE Directive
Germany has been ordered to provide proof it has fully transposed into national law a 2018 EU directive raising the share of renewable sources in the bloc's energy consumption to 32 percent by 2030.
8:00 PM EST | March 14, 2024
European Commission Adopts New Code on Electricity Sector Cybersecurity
The European Commission adopted the first-ever EU network code on cybersecurity for the electricity sector.
8:00 PM EST | March 14, 2024
Record Influx of USA Crude Hits Day to Day Oil Markets in Europe
Physical oil markets in Europe are weakening - quashing a rally.
8:00 PM EST | March 13, 2024
USA Crude Oil Stocks Drop
Crude oil stocks in the U.S., not including the SPR, stood at 447.0 million barrels on March 8, according to the EIA.
8:00 PM EST | March 13, 2024
EIA and Standard Chartered Offer Up Latest Oil Price Predictions
The U.S. Energy Information Administration and Standard Chartered revealed their latest oil price predictions this week.
8:00 PM EST | March 13, 2024
NNPC Seeks to Boost Oil Theft Crackdown with Help from Crime Agency
'No one would produce crude oil knowing fully well that it is not going to get to the terminal'.
8:00 PM EST | March 13, 2024
Shell Sets Option to Slow Down Near-Term Emission Reduction Path
The oil and gas giant now aims to reduce its net carbon intensity by 15 percent to 20 percent by 2030, compared with a previous target of 20 percent.
8:00 PM EST | March 13, 2024
Chinese Mega Company Makes Major Oilfield Discovery
The discovery adds over a hundred million tons of oil equivalent proved in-place volume, according to the company.
8:00 PM EST | March 12, 2024
Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
Ukrainian drone attacks halted three oil refineries deep within Russian territory.
8:00 PM EST | March 12, 2024
BP and UAE's $2B Israel Gas Deal Suspended as War Rages
BP and the United Arab Emirates' state oil firm suspended a $2 billion bid to buy a major stake in Israel's NewMed Energy.
8:00 PM EST | March 12, 2024
DOE Looks to Purchase More Oil for SPR
'This is a continuation of DOE's strategy of consistent solicitations aimed at purchasing oil when it can purchase at a good deal for taxpayers'.
8:00 PM EST | March 12, 2024
Red Sea Region Sees Another Watershed Incident
Dryad Global noted that the Gulf of Aden and Red Sea 'have seen another watershed incident'.
8:00 PM EST | March 12, 2024
Romania to Offer $3.3B Aid for Solar, Wind Projects
The European Commission granted clearance for a $3.3 billion package offered by the Romanian government for onshore wind and solar photovoltaic farms.
8:00 PM EST | March 12, 2024
IEA Sees Progress but Finds Methane Emissions Near Record
While the IEA analysis highlighted progress in some places, on the whole it suggests oil, gas and coal producers and governments are falling short of promises to cut methane emissions.
8:00 PM EST | March 12, 2024
Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
The regulator warned a proposal by a government-appointed climate committee to suspend new oil and gas licenses would threaten energy security in Europe, wash out jobs in Norway and dent state revenues.
8:00 PM EST | March 12, 2024
Surging Gasoline Prices Add Inflation Risk in USA Election Year
U.S. gasoline futures have jumped sharply in recent weeks.
8:00 PM EST | March 11, 2024
SEB Commodities Chief Analyzes Oil Price Moves
'Optimism for oil was tempered on Friday,' the commodities chief said.
8:00 PM EST | March 11, 2024
EIB Funds Sunfire to Bring Its Electrolysis Tech to Serial Production
The EIB signed its first agreement with Sunfire worth up to $109.2 million To support the innovative electrolysis technologies needed for Europe`s green transition.
8:00 PM EST | March 11, 2024
US DOE Offers $425MM for Small Clean Energy Firms in Coal Communities
The DOE earmarked $425 million in funding to aid energy transition in current and former coal communities by supporting small and medium clean energy companies.
8:00 PM EST | March 11, 2024
Canada Regulator OKs 1st CNG Facility in Northwest Territories
The CER has approved the Inuvialuit Energy Security Project (IESP) Energy Centre project, which will convert natural gas into compressed natural gas, propane, and synthetic diesel.
8:00 PM EST | March 11, 2024
US DOE Opens Second Round of Funding for Building Energy Codes
The DOE offering $90 million to local governments, state agencies and relevant organizations.
8:00 PM EST | March 11, 2024
Bangladesh Offers 24 Offshore Blocks for Exploration Bidding
The auction offers 15 deepwater blocks and nine shallow-sea blocks.
8:00 PM EST | March 11, 2024
Shell Gas and LNG Veteran to Leave the Company
A Shell industry veteran has decided to step down.
8:00 PM EST | March 10, 2024
IPAA Disappointed in Biden's SOTU Address
'President Biden continues to divide us,' Independent Petroleum Association of America (IPAA) President and CEO Jeff Eshelman said.
8:00 PM EST | March 10, 2024
GlobalData Says These Themes Will Dictate Oil and Gas Outlook in 2024
'It is ... important for the oil and gas industry to assess the impact of these themes while charting out their growth plans,' GlobalData warned.
8:00 PM EST | March 10, 2024
Philippines Looks to US Help for Potential Energy Exploration in Tense Sea
Manila is counting on Washington and its allies to play a crucial role in its plans to explore energy resources in the disputed South China Sea.
8:00 PM EST | March 10, 2024
USA Crude Stocks Rise
Crude oil stocks in the U.S., not including the SPR, stood at 448.5 million barrels on March 1, the EIA revealed.
7:00 PM EST | March 07, 2024
YPF Says Fire Sale to Free Up $800MM for Shale Oil Push
State-run YPF SA said its sweeping plan to divest aging oil fields will free up hundreds of millions of dollars to invest in its shale push in the heralded Vaca Muerta formation.
7:00 PM EST | March 07, 2024
VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
'Coalition warships responded and are assessing the situation,' U.S. Central Command said.
7:00 PM EST | March 07, 2024
OEUK Says Windfall Tax Extension Is Disappointing Blow
'The industry is being taxed on windfall profits which no longer exist', OEUK said.
7:00 PM EST | March 07, 2024
Norway Offers Two Blocks in North Sea for CO2 Storage
Norway has designated two areas in the North Sea for applications for CO2 storage projects.
7:00 PM EST | March 07, 2024
Petronas, ExxonMobil Ink Deal with Suriname on Potential Gas Development
Petronas and ExxonMobil agreed to further explore a potential gas production area offshore Suriname where the leaseholders had declared a gas discovery, albeit a commercially unattractive one.
7:00 PM EST | March 07, 2024
Germany Utility Regulator Endorses Operators' Power Expansion Plan
The plan proposes 2,982.6 miles of new lines through 2045.
7:00 PM EST | March 07, 2024
China Oil Demand Has Entered Low-Growth Phase: CNPC Leader
China's oil demand has entered a low-growth phase as decarbonization starts to eat into consumption of fossil fuels.
7:00 PM EST | March 07, 2024
Saudi Arabia Moves $164B Aramco Stake to Wealth Fund
Saudi Arabia's government transferred a further $164 billion stake in Aramco to the Public Investment Fund.
7:00 PM EST | March 06, 2024
Nigeria Announces Measures to Bolster Oil and Gas Investment
Nigeria introduced new measures aimed at revamping investment in the country's oil and natural gas sector.
7:00 PM EST | March 06, 2024
Data Extracted from Flight Recorder of Crashed Helicopter
'The work of analyzing the data is ongoing', the NSIA said.
7:00 PM EST | March 06, 2024