Celebrating its 40th anniversary, the CERAWeek by S&P Global conference returns to Houston yet again for another full week, with sessions beginning this morning (Monday). The annual event, held downtown at the Hilton Americas Hotel, draws hundreds of energy industry executives and governmental officials, not only from the U.S., but from a numbe...

(Bloomberg) — Western European nations are scrambling for ways to live without Russian natural gas, bracing for the possibility that either the Kremlin switches off the taps or political pressure for tighter sanctions erupts into a full energy embargo. With Russian troops advancing into Ukraine, European Union governments are concerned that th...

Neptune Energy announced its aim to go beyond net zero and store more carbon than is emitted from its operations and the use of its sold products by 2030. The company is currently progressing two carbon capture and storage (CCS) developments in the Dutch and UK sectors of the North Sea that could see it store more than 9 million tons of carbon d...

(Bloomberg) — Oil soared as the Russian invasion of Ukraine continued to raise the specter of major global supply disruption. Brent sat at $104.54 a barrel and WTI at $102.32 at 10:11 a.m. EST, both an increase of more than $6. Futures in New York climbed as much as 6.1% to, the highest since 2014. Brent futures jumped by more than $6 to ab...

(Bloomberg) — Norway’s biggest energy company Equinor ASA joined U.K. energy giant BP Plc in starting to withdraw from Russia in response to the invasion of Ukraine. Both companies told investors to brace for a financial impact. Equinor, which is 67% state owned, said the decision to pull out from joint ventures in Russia will affect the boo...

(Bloomberg) — Energy prices surged after Russian President Vladimir Putin signed an order to send what he called “peacekeeping forces” to the two breakaway areas of Ukraine that he officially recognized on Monday. European natural gas led the gains with as much as 13% rise, helped higher by Germany  the approval process of the co...

(Bloomberg) — Iraq’s Federal Supreme Court ruled that Kurdistan shouldn’t produce and export oil and gas independent of the central government in Baghdad. The court on Tuesday said contracts between the Kurdistan Regional Government’s Ministry of Natural Resources and international companies should be voided. Iraq’s federal government...

Neptune Energy and RWE announced the signing of a Joint Development Agreement to develop the offshore green hydrogen project "H2opZee" ahead of 2030. H2opZee is a demonstration project which aims to build 300-500 megawatts (MW) electrolyzer capacity in the North Sea to produce green hydrogen using offshore wind. Th...

(Bloomberg) ­— Continental Resources Inc., the shale exploration giant majority-owned by billionaire Harold Hamm, sees oil production swelling as much as 28% this year as its new Permian assets add to output. The company that Hamm founded more than 50 years ago expects to pump between 195,000 and 205,000 barrels a day of crude in 2022, well a...

Feb. 15 marks a difficult anniversary in the history of Newfoundland and Labrador, Canada, as 40 years ago, the Ocean Ranger sank during a winter storm offshore. It was in the early morning hours of Feb. 15, 1982, that the Ocean Ranger semi-submersible drill rig sank on the Grand Banks of Newfoundland and Labrador, claiming the lives of all 84 c...