Amid a relentless surge in natural gas output, US gas producers find themselves grappling with plummeting prices and mounting losses. Despite efforts to curtail production, including the closure of wells and project cancellations, the market continues to be flooded with supply.

US natural gas producers struggle amid record supplies and plummeting prices

Barclays, a major player in the banking industry, has announced significant changes to its funding policies concerning oil and gas projects. As per a report by BBC, the banking giant has declared its decision to cease direct funding for new ventures in the oil and gas sector and to limit lending to energy businesses seeking expansion in fossil fuel production.

Barclays announces new policies limiting funding for oil and gas projects

British energy giant, Shell, is set to conclude nearly a century of onshore oil and gas operations in Nigeria, announcing the sale of its subsidiary to a consortium of mostly local companies for up to $2.

Shell bids farewell to onshore oil in Nigeria after almost a century

Angola, Africa's second-largest oil producer, has announced its exit from OPEC following disagreements over production targets, delivering a setback to the oil cartel chaired by Saudi Arabia.

Angola quits OPEC following disputes with Saudi Arabia over production targets

The United Kingdom on Wednesday (September 27) greenlit oil and gas production in Rosebank field, the country's largest undeveloped field, in order to bolster energy security.

UK greenlights North Sea oil drilling a week after diluting net-zero targets

Oil and gas revenues for the Russian government fell in August as subsidies to the country’s refiners counterbalanced an increase in crude prices and a depreciating rouble.

Russian oil and gas revenue falls due to increased subsidies  

The United Kingdom has pledged to grant “hundreds” of licences for North Sea oil and gas extraction, on Monday (July 31), in a bid to bolster its energy security, said the government.

UK to approve ‘hundreds’ of new North Sea oil and gas licences despite net zero carbon emissions aim

Oil and natural gas are major industries in the energy market. They play an influential role in the country's economy. These oil and gas industries are, however, in a looming state in Germany. Germany plans to ban the installation of most oil and gas heating systems from next year. The proposal was approved, triggering angry divisions in the cabinet. The radical plans are designed to transform Germany’s heating systems.

Why is Germany planning to ban the installation of most oil & gas heating from 2024?

The recently departed chief executive of Shell saw his remuneration increase by more than 50 per cent to almost (almost US$12 million) in 2022, including a bonus that critics called "jaw-dropping," as reported by the Guardian.

Former Shell CEO's salary jumped by more than 50% in 2022: Report

Climate activists against the proposed Willow oil and gas drilling project in the northwest US State of Alaska have started online protests as the Biden administration mulls greenlighting it.

Protests mount against Alaska oil project as Biden administration faces dilemma

Pakistan Prime Minister Shehbaz Sharif has received a special message from Russian President Vladimir Putin after he reportedly said that Moscow sees Islamabad as a key partner in South Asia and the Islamic world.

Pakistan to buy Russian oil and gas, Putin calls the country a 'key partner'

Iraq has long drilled the desert for oil, but now climate stress, drought and reduced river flows are forcing it to dig ever deeper for a more precious resource: water.

For water-stressed Iraq, wells threaten race to the bottom

The Russia-Ukraine war has affected the entire continent of Europe. The oil and gas prices have shot up considerably, forcing countries to employ measures to cut back on their usage.

France to 'limit' soaring electricity rates next year; cap on prices to continue till the end of year

India's Oil and Natural Gas Corp (ONGC) on Wednesday signed a deal with global oil major ExxonMobil Corp for deepwater exploration in India's eastern and western coasts.

Indian oil giant ONGC partners up with ExxonMobil for deepwater exploration

According to a settlement made, the Bureau of Land Management will halt oil and gas leasing on 2.2 million acres of land in Colorado after being criticised by environmental activists and groups for not taking climate change into account.

Bureau of Land Management halts oil and gas leasing on 2.2 million acres of land over climate concerns

Russian oil giant Transneft on Tuesday made a sensational claim that Ukraine had suspended Russian oil pipeline flows to countries in central Europe citing payment issues.

Ukraine suspends oil supply to European countries, says Russian oil major Transneft

It's the day of UK gas and oil giants having enormous paydays. Reportedly, British energy giant Shell and its Q2 adjusted net income rose $2.34 billion to $11.47 billion, up from $9.

UK gas major Shell reports a bountiful Q2 as profit margins increase

Saudi Arabia, one of the largest producers of oil, has joined the growing list of countries importing Russian oil despite Western sanctions. According to data reviewed by Reuters news agency, the Gulf country imported 647,000 tonnes of Russian oil in the second quarter, i.

Saudi’s oil import from Russia doubles in second quarter: Report

The Norwegian government has decided to step into the dispute between the oil and gas workers and employers and they have referred it to an independent board. The decision was taken after they were warned that the ongoing strikes could cut down the gas exports in the country by more than half.

Norwegian government intervenes to end ongoing oil and gas strike

Norwegian offshore workers began a strike on Tuesday (July 5) that will reduce oil and gas output, Lederne, the union leading the industrial action, told Reuters.

Norwegian oil and gas workers start strike, cutting output

The Biden administration has leased millions of acres in the Gulf of Mexico for oil and gas drilling, days after President Joe Biden asserted in the climate summit in Glasgow that US would “lead by example” in tackling climate change.

Days after promising to fight climate change, US auctions off oil and gas drilling lease in Gulf of Mexico

A lack of investment in new oil and gas supplies, amid a shift in focus to cleaner fuels, is likely to drive price volatility in the next decade as demand for traditional energy sources grows, senior industry executives said.

Lack of investment, more demand to drive oil price volatility-industry execs

Lack of investment, more demand to drive oil price volatility -industry execs

Lack of investment, more demand to drive oil price volatility - industry execs

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