(Bloomberg) --The European Court of Human Rights is asking Norway to respond to charges by activists that allowing new oil and gas drilling in the Arctic during an environmental crisis may breach fundamental freedoms. In a document seen by Bloomberg, the court will give the Norwegian government an April 13 deadline to comment, in writing, on the...
(Bloomberg) --China slashed its fuel export quota by more than half in the first batch of allocations for 2022, highlighting the nation’s strategy of progressively limiting overseas sales. A total of 13 million tons were issued, including both general trade and tolling issuances, according to refinery officials who have direct knowledge of the...
HOUSTON (Bloomberg) --NexTier Oilfield Solutions Inc. soared more than 20% after the frac provider disclosed higher-than-expected quarterly sales, signaling an acceleration in U.S. shale drilling. The Houston-based provider of pumps that blast water, sand and chemicals underground to crack open oil-soaked rocks said fourth-quarter revenue more t...
(Bloomberg) --OPEC and its allies agreed to revive more halted production as the outlook for global oil markets improved, with demand largely withstanding the new coronavirus variant. The 23-nation alliance led by Saudi Arabia and Russia approved the 400,000 barrel-a-day increase scheduled for February at a meeting on Tuesday, according to a sta...
(Bloomberg) --The U.S. became the world’s No. 1 exporter of liquefied natural gas for the first time ever last month, as deliveries surged to energy-starved Europe. Output from American facilities edged above Qatar in December after a jump in exports from the Sabine Pass and Freeport facilities, according to ship-tracking data compiled by Bloo...
(Bloomberg) --Electricity prices in New England jumped on Tuesday as a frigid start to the day spurred demand when the cost of natural gas used to fuel power plants soared. New England is frequently the most sensitive region to gas-supply constraints because it’s geographically at the end of the massive U.S. pipeline network. Attempts to build...
MOSCOW (Bloomberg) --Russian gas giant Gazprom PJSC missed its own “conservative” target for 2021 exports to Europe, and those capped flows contributed to the continent’s worst energy supply crunch in decades. Gazprom delivered 185.1 billion cubic meters to its main clients abroad, including Turkey, China and Europe, excluding the former S...
OSLO - TGS, a global provider of energy data and intelligence, in a strategic collaboration with WesternGeco, the geophysical services product line of Schlumberger, announced the continuation of their ultra-long offset ocean-bottom node (OBN) acquisition in Green Canyon, U.S. Gulf of Mexico. Data processing and imaging are by WesternGeco. The 16...
(Bloomberg) --Germany and Austria came out strongly against the European Union proposal to classify some natural-gas and nuclear projects as sustainable investments, with both countries accusing the bloc of “greenwashing.” In Berlin, the Greens -- who joined Germany’s new ruling coalition following September’s election -- criticized the...
(Bloomberg) --Oil exports from Venezuela doubled in December from a year earlier as the country raises production of revenue-generating hydrocarbons in defiance of U.S. sanctions. Shipments averaged 619,000 barrels a day in December. The OPEC-founding member increased exports for a third straight month with the support of ally Iran, which booste...