Top energy executives this week urged a more cautious transition of energy policy away from oil and gas, but a U.S. Energy Department official said the industry has a moral obligation to address climate change and the economic opportunity it represents.
Oilfield services firm Halliburton on Monday said the world was headed for a period of oil scarcity following years of underinvestment in fossil fuel development.
Saudi Aramco has handed both Larry Fink and Mohammed bin Salman a win. The BlackRock chief executive is part of a group that on Monday announced it was paying $15.5 billion for 49% of a 20-year lease over the oil giant’s gas pipeline network, ultimately controlled by Saudi Arabia’s crown prince. Both leaders gain more than they lose.
Spain's net imports of natural gas rose 46% year-on-year to 38.26 GigaWatthours (GWh) in October, data from Cores, an independent arm of the Energy and Environment Ministry that monitors energy supplies, showed on Tuesday.
Russian President Vladimir Putin has ordered the government to work out proposals by March 1 for energy giant Rosneft to supply 10 billion cubic metres of natural gas exports to Europe, Interfax news agency reported on Tuesday.