Crude oil traders await signs on Nigeria’s Bonny light

Nigeria’s flagship bonny light lost some ground at the last trading session, as concerns about the rise in COVID-19 cases raised bearish sentiments that the world’s energy demand will falter as major oil-producing countries including Nigeria get ready to increase in output for next month. On Saturday, the world’s biggest economy’s COVID-19 related deaths exceeded…

Azerbaijan warns of risks to Caspian energy exports from conflict with Armenia

BAKU – Azerbaijan warned on Saturday about security risks to the oil and gas it supplies to European markets due to the outbreak of hostilities at its border with Armenia. Elshad Nassirov, vice president of Azeri state energy company SOCAR, said on a conference call some of the energy infrastructure involved in shipping Caspian oil…

What Role Will Hydrogen Play In The EU’s Future?

The media — at least in Europe — seems to be abuzz with talk about green hydrogen. As an energy source, backers envision hydrogen powering everything from aircraft, to steel mills, to global shipping fleets, cars, and homes. The catalyst (no pun intended) came from the E.U.’s recent greenhouse gas emission policy review. The review…

EU says deeply concerned over US growing use of sanctions

High Representative of the European Union (EU) for Foreign Affairs and Security Policy Josep Borrell has said he was deeply concerned over the growing use of sanctions, or the threat of sanctions, by the US against European companies and interests. “We have witnessed this developing trend in the cases of Iran, Cuba, the International Criminal…

Baghjan Fire Update: PM Modi took stock of the progress of the dousing effort

While massive effort is on to douse the roaring fire and cap the gas well head at Baghjan by Oil India Limited, Prime Minister Narendra Modi today took a stock of the progress in this regard and also expressed his concern towards its affected people. Prime Minister Modi had a conversation with Assam Chief Minister,…

India may remain invested in Farzad-B without development rights

India’s quest for building its energy security may see it continue to pursue investment opportunity in Farzad-B gas field in Iran even though ONGC Videsh Ltd (OVL) may not get to develop the block that it discovered over a decade ago. Highly placed sources in the oil ministry said that Indian consortium including Indian Oil,…

NGT asks CPCB to ensure states, UTs ban use of petcoke, furnace oil

NGT asks CPCB to ensure states, UTs ban use of petcoke, furnace oilNew Delhi: The National Green Tribunal (NGT) has asked the Central Pollution Control Board (CPCB) to ensure that states and Union Territories (UTs) ban the use of petcoke and furnace oil as fuel to prevent damage to the environment and public health. A…