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Stay informed with free updatesSimply sign up to the German politics myFT Digest — delivered directly to your inbox.German chancellor Friedrich Merz is “actively” backing a proposed EU ban on the Nord Stream pipelines connecting Russia to Germany in a bid to stop any US and Russian efforts to reactivate the gas links.Merz’s government earlier this week said it endorsed the ban as part of the bloc’s upcoming round of sanctions against Russia for its war in Ukraine. According to three officials familiar with the matter, the chancellor sought to quell any domestic debates about the merits of a potential…
Stay informed with free updatesSimply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox.Reform UK is trying to woo oil and gas companies with a promise to slash taxes and regulation if Nigel Farage’s party sweeps to power — though it will demand equity stakes in North Sea drilling projects in return. Richard Tice, the deputy leader of the populist party, has approached a number of energy executives in recent weeks seeking support for Reform, promising a “day one” assault on net zero policies that includes reversing restrictions on new oil and gas…
New Delhi: India’s indigenous crude oil and condensate production declined by 3.1 per cent year-on-year to 2.3 million metric tonnes (MMT) in April 2025, data released by the Petroleum Planning and Analysis Cell (PPAC) showed.Oil and Natural Gas Corporation (ONGC) produced 1.5 MMT during the month, Oil India Ltd (OIL) produced 0.3 MMT, while production under Production Sharing Contracts/Revenue Sharing Contracts (PSC/RSC) stood at 0.5 MMT.Total crude oil processed during April 2025 was 21.5 MMT, a decline of 0.6 per cent compared to April 2024. Of this, public sector and joint venture (PSU/JV) refiners processed 15.2 MMT, while private refiners…
New Delhi: Global liquefied natural gas (LNG) trade grew by 2.4 per cent in 2024, reaching 411.24 million tonnes (MT), connecting 22 exporting markets with 48 importing markets, according to the 2025 World LNG Report released by the International Gas Union (IGU).The Asia Pacific region remained the largest LNG exporting region, with volumes rising to 138.91 MT in 2024—an increase of 4.10 MT over the previous year.The report highlighted a sharp decline in European LNG imports, which dropped by 21.22 MT to 100.07 MT in 2024. The fall was attributed to high storage levels at the start of the year,…
(Oil & Gas 360) – The energy epicentre of Europe shifted to Milan on 19-21 May as PRC Europe 2025 brought together the leaders from the downstream sector. Supported by the Host Sponsor, Eni S.p.A., and Regional Partners including Technip Energies, Sonatrach Raffineria Italiana S.r.l., Wood and Saras S.p.A., the Congress united specialists to forge partnerships and develop solutions advancing the petrochemical and refining era. “Our industry stands at the crossroads of transformation, and it is our shared commitment to innovation and sustainability that define the next chapter for downstream in Europe.” With these words, Angelina Nizamova, Project Department Director at…
WASHINGTON — U.S. Secretary of Energy Chris Wright today announced the designation of coal used in the production of steel as a critical material under the Energy Act of 2020, in accordance withPresident Trump’s Executive Order “Reinvigorating America’s Beautiful Clean Coal Industry.” This action affirms the Administration’s commitment to American energy dominance, manufacturing resurgence, and strengthening America’s energy and industrial security. A Department of Energy analysis concluded that metallurgical coal, a key input for steel production, meets the statutory definition of a critical material. A robust steel industry is fundamental to U.S. manufacturing, infrastructure development, and economic resilience. Steel is essential…
(BOE Report) – If there is a law of unintended consequences, then a good example is how commodity markets are adjusting to both the realities and the perceived threats of the tariff war launched by U.S. President Donald Trump. Trump’s trade and tariff measures have forced commodity producers, traders and buyers to re-think long-established relationships, adapt to emerging realities and try to predict what may happen. What is becoming clear is that commodity markets are adjusting not only to actual measures imposed by the Trump administration, but also to the possibility of future actions, which has created a desire to…
The American Petroleum Institute (API) this week announced the publication of an Addendum to the 11th edition of the API 5CT, Casing and Tubing. The update strengthens the requirements for the manufacture of steel casing and tubing used in oil and gas drilling and production operations, enhancing safety, environmental protection and operational integrity. Evolving with industry needs The Addendum builds on the 11th edition of API 5CT, released in December 2023, which detailed guidelines for pipe sizes, masses, wall thicknesses, material grades and end-finishes of casing and tubing. It addresses the industry’s emerging challenges and technological advancements, with key enhancements…
Garmin fitness watches stand out not only for their incredibly long battery life (meaning less time spent charging) but also for their precise GPS, reliable heart rate monitoring, and other unique health and fitness features.Another reason Garmin excels is that there’s a watch for everyone. Whether you’re a runner training for your next marathon, a hiker mapping new trails, or someone who wants a reliable smartwatch that looks good at the office, Garmin’s lineup has over a dozen series to pick from, and new models drop every year.Variety is great, but finding one that’s best for your needs can be…
(Oil Price) – Venture Global is on track to surpass Cheniere Energy to become the biggest U.S. LNG company by liquefaction capacity if regulators approve the CP2 export project, Reuters reports, citing LSEG and project data. Venture Global is urging the Federal Energy Regulatory Commission (FERC) to greenlight its third liquefaction plant, CP2 in Louisiana, by the middle of the year. The CP2 LNG facility will be located adjacent to Venture Global’s Calcasieu Pass LNG facility in Cameron Parish, Louisiana. CP2 LNG was initially proposed to be a facility with a capacity of 20 million metric tons per annum (mtpa), but Venture Global has…