Friday, March 14, 2025
After the gas crisis, the Arctic could be Russia and Europe’s next flashpoint- oil and gas 360

After the gas crisis, the Arctic could be Russia and Europe’s next flashpoint

CNBC A new cold front could open up in the political tension between the European Union and Russia over energy. This time in the Arctic.   On Wednesday, the EU put forward proposals that could see it pushing to ban the tapping of new oil, coal and gas deposits in the Arctic in an effort, it said, to protect the

Bolsonaro wants to privatize Brazil’s state-owned Petrobras- oil and gas 360

Bolsonaro wants to privatize Brazil’s state-owned Petrobras

World Oil (Bloomberg) –Brazilian President Jair Bolsonaro said Thursday that he wants to privatize Petrobras, the state-controlled oil company that is under political pressure to lower fuel prices. Shares of Petroleo Brasileiro SA, as the Rio de Janeiro-based producer is known, extended a four-day surge in Sao Paulo following the remarks, outperforming the local equity gauge. Petrobras shares rose 1.1%

EXCLUSIVE-China looks to lock in U.S. LNG as energy crunch raises concerns -sources- oil and gas 360

EXCLUSIVE-China looks to lock in U.S. LNG as energy crunch raises concerns -sources

Nasdaq SINGAPORE/NEW YORK, Oct 15 – Major Chinese energy companies are in advanced talks with U.S. exporters to secure long-term liquefied natural gas (LNG)supplies, as soaring gas prices and domestic power shortages heighten concerns about the country’s fuel security, several sources said. At least five Chinese firms, including state major Sinopec Corp 0386.HK and China National Offshore Oil Company (CNOOC) and local

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count increased by 10 this week, at 543

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of 10 over last week, resulting in a total count of 543 rigs. Canada had an increase of 1 over last week, resulting in a total Canadian count of 168 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Cana