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Shareholders of Woodside approve merger with BHP petroleum

Shareholders of Woodside approve merger with BHP petroleum

Shareholders of Woodside Petroleum approved a merger with Anglo-Australian BHP Group’s petroleum arm to create a top 10 global independent petroleum producer worth nearly $40 billion. Over 97% ... Read more

IEA to hold emergency meeting to address the soaring oil prices

IEA to hold emergency meeting to address the soaring oil prices

The International Energy Agency will hold an emergency meeting among consuming nations to discuss a new release of strategic reserves alongside a plan by the U.S. to pump massive supplies starting in ... Read more

Russia could accept bitcoin for its oil and gas transactions

Russia could accept bitcoin for its oil and gas transactions

Faced with tight sanctions from Western countries over its invasion of Ukraine, Russia is considering accepting bitcoin as payment for its gas and oil export transactions. In a videotaped news confer... Read more

American LNG exporters emerge as big winners of European natural gas crisis

American LNG exporters emerge as big winners of European natural gas crisis

The United States liquefied natural gas (LNG) exporters are emerging as big victors of Europe’s supply crisis as they export record volumes to the European Union for the third consecutive at pri... Read more

Oil prices rise to 2008 highs as U.S.A., Europe mull ban on Russian oil imports

Oil prices rise to 2008 highs as U.S.A., Europe mull ban on Russian oil imports

Brent crude oil soared to almost $139 a barrel on Monday, its highest since 2008, as the U. S. and its European allied mull a Russian oil import ban and delays in the possible return of Iranian crude ... Read more

Exxon exits Russia, leaves $4B in assets and Sakhalin LNG project in doubt

Exxon exits Russia, leaves $4B in assets and Sakhalin LNG project in doubt

Exxon Mobil said it would exit its Russian oil and gas operations valued at more than $4 billion and halt new investments due to the Russian government’s invasion of Ukraine. The decision will ... Read more

New York City votes to ban natural gas in new buildings

New York City votes to ban natural gas in new buildings

The New York City Council voted to ban the use of natural gas in new buildings, following several smaller U.S. cities seeking to shift from fossil fuels to cleaner, sustainable forms of energy. &nbsp... Read more


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