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Oil & Gas

Brand New Baltic Pipeline Has Begun Processing Gas Flow

According to the Polish gas pipeline operator Gaz-System, gas began flowing to Poland through the new Baltic Pipe network from Norway on October 1st morning. The gas travelled through Denmark and the Baltic Sea before arriving in Poland. Poland's plan...

EU States Back Energy Windfall Tax, Clash On Gas Cost Cap

The member states of the European Union will get together to approve emergency taxes on energy companies' windfall profits and start talking about their next steps to solve Europe's energy crisis, which could include putting a cap on gas...

Abu Dhabi To Obtain Regions First Underwater HVDC Network

Abu Dhabi and a Japanese, French, and Korean consortium have agreed to a $3.8 billion deal to use an undersea high voltage direct current (HVDC) transmission system to power offshore oil and gas operations from land. It has been referred...

Oil Cost Rise Due to US Gulf Supply limits, Weaker Currency

On September 27th, more than 1% increase in oil prices from the previous day's nine-month low, helped by supply restraints in the US Gulf of Mexico due to Hurricane Ian and a small weakening of the US dollar. Analyst predictions...

Oil Consumption Rises As Refiners Ramp Up Output In China

In anticipation of greater demand and a potential increase in fourth-quarter gasoline exports, at least three Chinese state-run oil refineries and a privately owned mega refiner are considering raising capacity in October from September by up to 10%, according...

Is Energy Strategy In Europe On The Right Track Or Not?

Another historic week has passed for the European energy markets, with policymakers taking the lead in defending consumers and companies from skyrocketing energy costs. Although there have been murmurs in certain places that the energy transition has been managed poorly...

Iran Aims To Fill The Russian Gap In European Oil Market

If Iran is able to reach an agreement with global powers over its nuclear programme, it will attempt to fill the gap left by Russia in the European oil market. In the event that sanctions aimed at its energy sector...

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