Connection

popular articles

US and G7 Leaders Consider New Sanctions Following Iran’s Attack on Israel
Italy Approves Two 162 MW Energy Storage Projects with Emeren
Reducing bitumen blend imports into China
France: Inauguration of the world’s first fuel cell plant
SSE Renewables and APG Advance on 2GW IJmuiden Ver Alpha Connection

Al Saoud expresses support for OPEC+ policy

Please share:

Saudi Arabia’s King Salmane bin Abdelaziz Al Saud declares theOPEC+ production agreement “essential” to oil market stability.

Oil market stability is essential

In his annual address to the Shura Consultative Council (Parliament), the King of Saudi Arabia reiterated the intertwined nature of the Kingdom’s political stability and that of the oil markets.
In particular, he stressed the need to respect the OPEC+ agreement in order to maintain this stability.
Al Saoud notes the efforts made by the Kingdom, the world’s leading oil exporter.
Its capacity to reserve and supply the market is essential to contain price volatility in these times of pandemic.
OPEC+ members will meet on January 4, 2022 to define the future policy of the group.
Depending on the outlook, production quotas could be maintained as they are or increased.

Register free of charge for uninterrupted access.

Publicite

Latest news

ONEOK partners with MPLX to develop an LPG export terminal on the U.S. Gulf Coast
SolarBank begins construction of its first battery energy storage project in Ontario
EDP Renewables secures a 20-year contract for an energy storage project in Ontario
CS Energy and Calibrant Energy Complete Three Battery Storage Projects in New York
Eco Wave Power partners with an Indian giant for a hydropower energy pilot project

Recently published in

OMV: Net Profit Slightly Down for 2024

OMV, the Austrian hydrocarbons group, has announced a slight decline in its net profit for the year 2024. The company's financial results reflect a decrease in its margins in an economic environment marked by energy price volatility.
OPEC+ maintains production increase despite pressure from Trump
OPEC+ continues to increase its oil production, responding to global demand while ignoring Donald Trump's calls to slow down the rise. This decision to maintain the production increase schedule has direct implications for global markets.
en_1140290943540-3
OPEC+ maintains production increase despite pressure from Trump
OPEC+ continues to increase its oil production, responding to global demand while ignoring Donald Trump's calls to slow down the rise. This decision to maintain the production increase schedule has direct implications for global markets.
en_1140290943540-3
U.S. Tariffs: Impact on the Global Energy Industry
The recent changes in U.S. tariff policies could affect the global energy industry, particularly trade in key products such as natural gas and renewable energy equipment.
en_1140290962540
U.S. Tariffs: Impact on the Global Energy Industry
The recent changes in U.S. tariff policies could affect the global energy industry, particularly trade in key products such as natural gas and renewable energy equipment.
en_1140290962540
Oil and Gas M&A: A Slowdown in 2025 Despite $150 Billion in Opportunities for Rystad
After two record years of mergers and acquisitions in the oil and gas sector, upstream M&A activity is expected to slow down in 2025. Despite a deal pipeline valued at $150 billion, geopolitical tensions and restrictive fiscal policies are limiting new opportunities.
en_1140290945540-2
Oil and Gas M&A: A Slowdown in 2025 Despite $150 Billion in Opportunities for Rystad
After two record years of mergers and acquisitions in the oil and gas sector, upstream M&A activity is expected to slow down in 2025. Despite a deal pipeline valued at $150 billion, geopolitical tensions and restrictive fiscal policies are limiting new opportunities.
en_1140290945540-2

Tullow Petroleum seeks to reduce debt after failed merger with Kosmos

Tullow Petroleum is focusing on reducing its debt after the cancellation of its merger project with Kosmos Energy. The company is exploring options to lighten its balance sheet and concentrate on its strategic activities.
Washington seeks a new oil balance with Caracas
The visit of a U.S. envoy to Nicolás Maduro paves the way for potential discussions on the future of oil sanctions. Between geopolitical stakes and commercial interests, the United States is looking to redefine its approach toward Venezuela.
en_1140290956540-2
Washington seeks a new oil balance with Caracas
The visit of a U.S. envoy to Nicolás Maduro paves the way for potential discussions on the future of oil sanctions. Between geopolitical stakes and commercial interests, the United States is looking to redefine its approach toward Venezuela.
en_1140290956540-2
Vietnam Delays the Launch of Its Carbon Market to 2029
The Vietnamese government is adjusting its timeline for the implementation of its carbon market. Initially planned for 2028, the official launch will now take place in 2029 after a three-year pilot phase. This delay aims to strengthen the regulatory and technical framework.
en_1140290955540-2
Vietnam Delays the Launch of Its Carbon Market to 2029
The Vietnamese government is adjusting its timeline for the implementation of its carbon market. Initially planned for 2028, the official launch will now take place in 2029 after a three-year pilot phase. This delay aims to strengthen the regulatory and technical framework.
en_1140290955540-2
Saudi Arabia: Saudi Aramco Adjusts Prices in Response to Asian Demand
Saudi Aramco plans to raise its official selling prices (OSP) in March, driven by China’s economic recovery and the redirection of Russian oil flows. Asian refiners are adapting to these new dynamics, influencing premiums on Middle Eastern crude.
en_1140290954540-2
Saudi Arabia: Saudi Aramco Adjusts Prices in Response to Asian Demand
Saudi Aramco plans to raise its official selling prices (OSP) in March, driven by China’s economic recovery and the redirection of Russian oil flows. Asian refiners are adapting to these new dynamics, influencing premiums on Middle Eastern crude.
en_1140290954540-2

Strikes on Russian Energy Sites: Impact on Production and Markets

Ukraine has claimed drone strikes on Russian energy infrastructure, affecting strategic facilities of Gazprom and other players. These attacks raise questions about supply and market stability in the region.
Ecopetrol and Oxy Extend Their Development Plan in the Permian Basin
Ecopetrol Permian LLC and Occidental Petroleum Corp (Oxy) extend their agreement on the development of the Permian Basin, planning to drill 34 additional wells between April 2025 and June 2026. This extension aligns with the investment and expansion strategy of both companies.
en_1140290958540-2
Ecopetrol and Oxy Extend Their Development Plan in the Permian Basin
Ecopetrol Permian LLC and Occidental Petroleum Corp (Oxy) extend their agreement on the development of the Permian Basin, planning to drill 34 additional wells between April 2025 and June 2026. This extension aligns with the investment and expansion strategy of both companies.
en_1140290958540-2
U.S. Energy Development Corporation plans $1 billion in investments for 2025
After a record year with nearly $800 million invested in 2024, U.S. Energy Development Corporation announces an investment program of up to $1 billion in 2025, with a focus on the Permian Basin.
en_1140290959540-2
U.S. Energy Development Corporation plans $1 billion in investments for 2025
After a record year with nearly $800 million invested in 2024, U.S. Energy Development Corporation announces an investment program of up to $1 billion in 2025, with a focus on the Permian Basin.
en_1140290959540-2
The EU Strengthens its Emergency Measures for Vehicle Electrification
The European Union launches an emergency consultation with automakers to accelerate the transition to electrification in response to current competitive and regulatory challenges.
en_1140290946540
The EU Strengthens its Emergency Measures for Vehicle Electrification
The European Union launches an emergency consultation with automakers to accelerate the transition to electrification in response to current competitive and regulatory challenges.
en_1140290946540

Record Investments in the Low-Carbon Energy Transition in 2024

The BloombergNEF 2024 report reveals a historic record of global investments in the low-carbon energy transition, driven by electrified transport, renewable energy, and power grids.
United States: Senate confirms Doug Burgum to manage federal lands for hydrocarbons.
The U.S. Senate confirms Doug Burgum, governor of North Dakota, for the management of federal lands and national parks under the Trump administration, reinforcing the strategy of hydrocarbon production in the United States.
en_1140290959540
United States: Senate confirms Doug Burgum to manage federal lands for hydrocarbons.
The U.S. Senate confirms Doug Burgum, governor of North Dakota, for the management of federal lands and national parks under the Trump administration, reinforcing the strategy of hydrocarbon production in the United States.
en_1140290959540
Energy Roadmap: HCC Highlights Essential Levers
The High Council for Climate (HCC) presents six conditions for the energy transition. The opinion outlines areas to strengthen, particularly regarding budget mobilization and planning for the phase-out of fossil fuels.
en_1140290958540
Energy Roadmap: HCC Highlights Essential Levers
The High Council for Climate (HCC) presents six conditions for the energy transition. The opinion outlines areas to strengthen, particularly regarding budget mobilization and planning for the phase-out of fossil fuels.
en_1140290958540
TotalEnergies Adopts IFS Cloud to Optimize Global Asset Management
TotalEnergies implements IFS Cloud to transform its global asset management, integrating maintenance and monitoring on a single platform.
en_1140290948540
TotalEnergies Adopts IFS Cloud to Optimize Global Asset Management
TotalEnergies implements IFS Cloud to transform its global asset management, integrating maintenance and monitoring on a single platform.
en_1140290948540

Sami’s Rights and Renewable Energies: Legal Disputes Shake Northern Europe.

At the heart of the vast northern expanses, Sami communities see their ancestral ways of life challenged by the rise of renewable projects. A factual narrative revealing the tensions between economic modernization and the preservation of millennia-old traditions.
Chevron: Production Up Despite Declining Refining Margins
Chevron reports mixed Q4 2024 results: increased production and rising revenue partially offset declining refining margins.
en_1140290950540
Chevron: Production Up Despite Declining Refining Margins
Chevron reports mixed Q4 2024 results: increased production and rising revenue partially offset declining refining margins.
en_1140290950540
ExxonMobil Exceeds 4Q Expectations, Chevron Falls Short on Margins
ExxonMobil records a net profit of $7.61 billion in 4Q, surpassing consensus estimates, while Chevron reports results affected by declining refining margins.
en_1140290949540
ExxonMobil Exceeds 4Q Expectations, Chevron Falls Short on Margins
ExxonMobil records a net profit of $7.61 billion in 4Q, surpassing consensus estimates, while Chevron reports results affected by declining refining margins.
en_1140290949540
Trafigura Convicted in Switzerland for Foreign Public Official Corruption
Trafigura, the major commodities trading giant, has been convicted by the Swiss Federal Criminal Court for corrupting a foreign public official in Angola, marking a precedent in the commodities sector.
en_1140290957540
Trafigura Convicted in Switzerland for Foreign Public Official Corruption
Trafigura, the major commodities trading giant, has been convicted by the Swiss Federal Criminal Court for corrupting a foreign public official in Angola, marking a precedent in the commodities sector.
en_1140290957540

Myanmar: Government Declares State of Emergency Amid the Energy Crisis.

Myanmar faces recurrent power outages linked to civil conflict and outdated infrastructure, affecting daily life and economic activities.
The Greenfin label revised to better align with the European Green Taxonomy
The Greenfin label, launched in 2013, is being updated to better match European requirements, particularly in sustainable finance and climate objectives. The revisions published on January 29, 2025, strengthen its alignment with the green taxonomy and European standards.
en_1140290962540-2
The Greenfin label revised to better align with the European Green Taxonomy
The Greenfin label, launched in 2013, is being updated to better match European requirements, particularly in sustainable finance and climate objectives. The revisions published on January 29, 2025, strengthen its alignment with the green taxonomy and European standards.
en_1140290962540-2
Shell Increases Interest in Quest CCS Facility and Fully Exits Oil Sands
Shell Canada exchanges its remaining 10% stake in the Albian mines for an additional 10% interest in the Scotford upgrader and Quest carbon capture and storage (CCS) facility, focusing on refining and carbon capture projects while exiting oil sands operations.
en_1140290957540-4
Shell Increases Interest in Quest CCS Facility and Fully Exits Oil Sands
Shell Canada exchanges its remaining 10% stake in the Albian mines for an additional 10% interest in the Scotford upgrader and Quest carbon capture and storage (CCS) facility, focusing on refining and carbon capture projects while exiting oil sands operations.
en_1140290957540-4
Lee Zeldin’s Appointment to the EPA: A Decision Approved by the US Senate
The US Senate has approved the nomination of Lee Zeldin to lead the EPA. The choice made by Donald Trump has been praised by fossil fuel industry players but criticized by environmental NGOs.
en_1140290956540-4
Lee Zeldin’s Appointment to the EPA: A Decision Approved by the US Senate
The US Senate has approved the nomination of Lee Zeldin to lead the EPA. The choice made by Donald Trump has been praised by fossil fuel industry players but criticized by environmental NGOs.
en_1140290956540-4

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS