Oil & Gas
News & Press Releases
Biden To Advise Essential Oil Sales Halt, Raise U.S. Output
According to a senior administration official, U.S. President Joe Biden will lay out a strategy to sell off the remainder of the country's emergency oil reserve by the end of the year and explain a plan to replenish the...
News & Press Releases
The United States Might Sell Oil From Its Emergency Supply
Prior to November's legislative elections, the Biden administration anticipates selling oil from the Strategic Petroleum Reserve, according to three persons familiar with the situation. Based on one of the sources, President Joe Biden's declaration is anticipated this week as part...
News & Press Releases
Paper Suggests, EU Leaders May Back New Gas Price Standard
A draught bill suggests that in an effort to lower energy prices for businesses and consumers, European Union member leaders may support proposals to introduce a new gas price baseline at a summit next week.
The European Commission aims to...
News & Press Releases
EU States Aim To Compromise On Energy-Related Steps Soon
Officials from the European Union indicated that although there is still disagreement among member states over the nature of these measures and whether gas prices should be capped, they will seek a November agreement on additional emergency measures to...
News & Press Releases
Germany Prepares For Gas Supply Crisis With €93bn Price Ease
Germany announced on October 10th that it intended to quickly put into action a 96 billion euro ($93 billion) strategy to relieve consumer pressure from skyrocketing gas prices after receiving warnings that the supply situation going into winter remained severe...
News & Press Releases
The Global Drone Market Will Be Worth US$89 Billion By 2030
According to a survey from GlobalData, the worldwide drone industry is expected to increase from US$13.7 billion in 2021 to US$89.6 billion in 2030. The widespread use of drones in the oil and gas industry, which has recently seen...
News & Press Releases
EU Authorities Use Gas Price Caps To End The Energy Crisis
The leaders of the 27-nation bloc will debate whether and how to impose a cap on gas prices in an effort to slow the rise in energy costs that is threatening to put the EU's prized single market at...
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