Software developer Victor Varlamov logs in every morning to work on a sunny Spanish island off the coast of Africa after the prospect of steep heating bills and a winter made harsher by the Ukraine war drove him to leave his adoptive home in Poland. He is not alone in pursuing a warmer, cheaper way...
https://www.hellenicshippingnews.com/europes-south-offers-a-warm-welcome-to-energy-migrants/
The board of Abu Dhabi’s ADNOC endorsed plans on Monday to bring forward the company’s five million barrel per day oil production capacity expansion to 2027 from a previous target of 2030, the state oil firm said in a statement. The new date will provide ADNOC with the flexiblity to meet rising...
https://www.hellenicshippingnews.com/uae-brings-forward-oil-production-capacity-expansion-to-2027/
The oil and gas industry leaders are steadily incorporating transition fuels as well as low-carbon and zero-carbon energy sources into their portfolios, as their contributions are pivotal for a successful energy transition and mitigation of carbon emissions, says GlobalData, a leading data and...
Oil jumped on Tuesday, buoyed by hopes that China would relax its COVID-19 controls after rare protests against the country’s zero-COVID strategy over the weekend in big Chinese cities. Brent crude futures advanced $1.4, or 1.7%, and traded at $84.57 a barrel at 0645 GMT. U.S. West Texas...
https://www.hellenicshippingnews.com/oil-jumps-on-hopes-for-easing-in-chinas-covid-controls/
Firms that turn household, industrial and farm waste into usable energy are on the radar of international investors this week following the $2 billion acquisition by oil and gas giant Shell SHEL.L of Danish biogas producer Nature Energy. Humans have a long history of turning biomass – renewable...
Oil market watchers confused over signals on OPEC+’s next policy move will find little clarity in fundamentals, with the International Energy Agency, OPEC’s analytical arm and the Energy Information Administration at odds over supply requirements for the first quarter of 2023. The oil market...
Western governments are aiming to cap the price of Russia’s oil exports in an attempt to limit the fossil fuel earnings that support Moscow’s budget, its military and the invasion of Ukraine. The cap is set to take effect on Dec. 5, the same day the European Union will impose a boycott on most...
https://www.hellenicshippingnews.com/the-effect-of-russian-oil-price-cap-ban-on-global-economy/
Chevron Corp on Saturday received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring the South American country’s crude oil to the United States. The decision grants broader rights for the last big U.S. oil company still operating in...
https://www.hellenicshippingnews.com/chevron-can-resume-key-role-in-venezuelas-oil-output-exports/
Demand for heating fuels such as gasoil and LPG has shown few signs of recovery despite cooling temperatures across Europe, sources said Nov. 24. The propane market has been trending lower as oversupply and low demand from the heating sector quash any sparks of activity. While inland sources expect...
The need for Azerbaijani gas in Europe, where there is currently an acute energy crisis, is growing rapidly, Trend reports. As President of Azerbaijan Ilham Aliyev said on November 25 at the international conference under the motto “Along the Middle Corridor: Geopolitics, Security and Economics”,...
https://www.hellenicshippingnews.com/time-comes-for-azerbaijani-gas-to-lead-european-energy-market/