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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
Crude Oil
22-11-2022
Colombia Reportedly Reconsidering Its Idea to Halt on New Oil and Gas Projects
Colombia could reconsider a campaign pledge from its newly-elected leftist President Gustavo Petro to stop new oil and gas exploration licensing in the country, according to Finance Minister José Antonio Ocampo.
LNG
22-11-2022
Floating LNG Projects Boom as Europe Races to Stock up on Gas
Floating LNG projects are booming in both gas-importing countries and gas-producing countries.
Crude Oil
21-11-2022
Europe Rushes to Fill Up on Russian Diesel Before Ban Begins
European traders are rushing to fill tanks in the region with Russian diesel before an EU ban begins in February, as alternative sources remain limited.
LNG
21-11-2022
Germany’s LNG Terminals to Cost More Than Double Earlier Estimate
The purchase and maintenance of floating liquefied natural gas (LNG) terminals to help Germany secure energy supplies and diversify away from Russian gas, will cost more than 3 billion euros ($3.10 billion) more than planned.
Natural Gas
21-11-2022
North America’s Natural Gas Can Help Mitigate Energy Crisis
In the effort towards decarbonisation, North America could be a key player in providing affordable natural gas, addressing energy security issues.
LNG
20-11-2022
U.S. Gas Prices Jump as Freeport LNG Targets Full Restart in March 2023
U.S. natural gas prices surged on the news that one of the largest U.S. LNG export terminals is targeting a complete operational restart by March 2023.
Natural Gas
20-11-2022
Germans Face More Power and Gas Price Hikes in January - Portal
Many German households face another 50%-plus hike in power and gas supplies in January due to the lag in suppliers passing on higher wholesale market prices and rising grid fees, prices portal Verivox said on Friday.
Crude Oil
19-11-2022
European Refiners Oversupplied as Oil Shortage Fears Subside
European refiners have found themselves oversupplied with crude as an expected shortage owing to the looming EU ban on Russian oil has yet to materialise.
LNG
18-11-2022
LNG Exports Drive Expansion of North American Natural Gas Market, Adding 29 Bcfd of Production by 2033
LNG exports nearly triple over next decade, Inflation Reduction Act to boost gas demand in the long term.
United States
18-11-2022
NERC Warns of Tight Generation Resources, Fuel Supply Issues This Winter
Power shortfalls could be rife over the next three months across a large portion of the North American bulk power system (BPS), particularly during extreme and prolonged cold conditions, the North American Electric Reliability Corp. (NERC) has warned.
Crude Oil
17-11-2022
Iraq Targets 7-Mln-Bpd Oil Output Capacity in 2027 – Somo Head
Iraq plans to increase its oil production capacity to around 7 million barrels per day in 2027, head of state-owned oil marketer SOMO Alaa Alyasri told Reuters on Wednesday.
Crude Oil
17-11-2022
India Raises Windfall Tax on Crude Oil
India has raised a windfall tax on crude oil to 10,200 Indian rupees ($125.22) per tonne from 9,500 rupees per tonne, a government order said on Wednesday.
Crude Oil
16-11-2022
Russian Oil Output to Fall 1.4 Mln Bpd Next Year as EU Ban Takes Effect - IEA
Russian oil output is set to fall 1.4 million barrels per day(bpd) next year after a European Union ban on seaborne exports of Russian crude comes into effect, the International Energy Agency said on Tuesday.
Gas Turbine
16-11-2022
Germany’s Gas Turbine Capacity Expansion Moving Too Slow
Germany is behind in its plan to expand its gas turbine capacity to 30 GW by 2030—the amount needed to stabilize its electricity distribution networks, according to General Electric.
LNG
16-11-2022
First Liquefied Natural Gas Exported From Mozambique
British energy giant bp is buying 100% of the output from the Coral Sul Floating LNG facility.
Natural Gas
16-11-2022
Vietnam Leads Gas Expansion Plans in Southeast Asia: Report
A total of 56GW is either in pre-construction or construction stages.
Natural Gas
15-11-2022
‘Vaccination-Style’ Intervention Needed to Solve Energy Crisis, UK Energy Boss Says
The average U.K. household faces paying a £2,500 ($2,900) annual bill for the next two years, up from £1,400 in October 2021.
Natural Gas
15-11-2022
German Govt Postpones Decision on Gas Price Brake
The German government is postponing its decision on a gas and electricity price brake that had been planned for Friday, said a government spokesperson.
OPEC
15-11-2022
OPEC Cuts Oil Demand Growth Forecast Again as Economic Challenges Mount
OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further trimmed next year's figure, citing mounting economic challenges including high inflation and rising interest rates.
Oil Price
14-11-2022
Iraq Wants Stable Energy Prices, Prime Minister Says
Iraq is keen to maintain stable oil prices at not more than $100 per barrel, Prime Minister Mohammed Shia al-Sudani told reporters on Saturday.
Natural Gas
14-11-2022
COP27: Israel Says Big Boost in Gas Supply to Europe Will Take Years
Israel will require several years before it can significantly increase its natural gas supplies to Europe, the country's energy ministry said on Friday.
Oil Price
13-11-2022
High Oil Prices Ignite the Middle Eastern IPO Market
Initial public offerings in the Middle East have flourished this year thanks to higher prices that have seen increased investor interest in the region.
Oil & Gas Supply
11-11-2022
The EU's Energy Partnership With Gulf Countries Makes “More Sense Than Ever”
Cooperation between the European Union and the Gulf Cooperation Council is more important than ever, the head of EU foreign policy Josep Borrell said, as quoted by The National, during a visit to the United Arab Emirates.
Crude Oil
11-11-2022
Saudi Arabia to Deliver Full Oil Volumes to Asia Despite Production Cut
Saudi Arabia’s state oil company has assured several buyers in Asia it will deliver full contracted volumes in December despite the OPEC+ decision to cut production.
Crude Oil
11-11-2022
Saudi Energy Minister Stresses the Importance of Oil Security
The world cannot go without Saudi oil exports for more than two or three weeks, Saudi Arabia’s Energy Minister, Prince Abdulaziz Bin Salman.
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