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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Natural Gas
19-10-2022

EU Leaders Will Discuss Gas Price Cap for Power Generation, Michel Says
European Union leaders will discuss putting a cap for the price of gas used to generate electricity - over which member states are divided - when they meet for a summit at the end of this week.
Oil Refinery
19-10-2022

Exxon Mobil Says French Refineries Could Take 2-3 Weeks to Fully Restart
Exxon Mobil's 140,000 barrel per day (bpd) fos-Sur-Mer and 240,000 bpd Port Jerome-Gravenchon oil refineries in France could take 2-3 weeks to fully restart after shutdowns caused by strikes.
Natural Gas
18-10-2022

EU Publishes Emergency Gas Cap Proposal
The European Commission outlined steps on Tuesday to battle ongoing high prices for natural gas.
Nord Stream 2
18-10-2022

Gazprom Says a Big Section of the Nord Stream Pipelines Need to Be Replaced
Gazprom CEO Alexei Miller said late last week that a big section of the damaged Nord Stream 1 & 2 gas pipelines would need to be replaced.
Gas Turbine
18-10-2022

Wärtsilä’s Gas Engines Provide Grid Balancing for 100MW Power Plant in Japan
The new plant will operate with ten Wärtsilä 34SG gas engines, which will replace a 100MW combined cycle gas turbine that was formerly located on the project site.
Oil Refinery
18-10-2022

Guyana Opens Tender for Its First Oil Refinery
Guyana has called for proposals to design, finance and build a 30,000-barrel-per-day (bpd) oil refinery, the first for the South American country as it becomes a force in crude oil production.
LNG
18-10-2022

Dozens of LNG-Laden Ships Queue off Europe’s Coasts Unable to Unload
Dozens of ships carrying liquefied natural gas (LNG) circling off the coasts of Spain unable to secure slots to unload have prompted grid operators for the country to warn they may have to suspend loading to deal with this "exceptional situation".
Oil Price
18-10-2022

U.S. Could Sell Oil From Emergency Reserve This Week -Sources
The Biden administration plans to sell oil from the Strategic Petroleum Reserve in a bid to dampen fuel prices before next month's congressional elections, three sources familiar with the matter said on Monday.
United Kingdom
18-10-2022

UK Energy Price Cap ‘Could Soon Be Scrapped’
Officials are considering scrapping the price cap when the UK government’s energy bill package ends in October 2024.
LNG
17-10-2022

U.S. Approves LNG Shipping Waiver for Puerto Rico After Hurricane
The Biden administration late on Sunday approved a waiver of U.S. shipping rules to address Puerto Rico's urgent need for liquefied natural gas (LNG) after Hurricane Fiona.
Oil Refinery
17-10-2022

French Refinery Strike Further Hits Petrol Supplies, Prime Minister Says
Petrol supplies at French service stations fell further over the weekend due to a weeks-long strike at oil major TotalEnergies.
Natural Gas
17-10-2022

EU Leaders Set to Explore Gas Price Cap Options
European Union leaders meeting at the end of this week will explore a range of options for gas price caps, over which they have been divided for weeks.
Natural Gas
17-10-2022

France Sends Germany Gas for First Time Amid Energy Crisis
Germany could get up to 100GWh gas per day from France
Natural Gas
16-10-2022

South Korea’s Gas Consumption to Fall 4% in 2022: Report
It will stay the same in 2023 due to new nuclear and coal-fired plant start-ups.
Oil Refinery
15-10-2022

CGT Union Shuns TotalEnergies Talks as French Petrol Crisis Drags On
The CGT union at the core of a weeks-long strike at oil major TotalEnergies slammed the door to talks on Friday, leaving more moderate unions to reach a wage deal as industrial action continues to leave French petrol stations short of fuel.
Natural Gas
15-10-2022

GE to Install H-Class Gas Turbine in 350MW Brazilian Reserve Power Plant
GE has secured an H-Class gas turbine order from Brazilian natural gas operator Eneva for the new Azulão reserve power plant.
Natural Gas
14-10-2022

Italian State Bodies to Approve New LNG Terminal - Commissioner
Italian state bodies, including the influential National Health Institute, are expected to give a positive opinion, albeit conditional, on setting up a new terminal for liquefied natural gas (LNG).
Natural Gas
14-10-2022

Five EU Countries Propose Two Options to Cap Gas Prices
Greece and four other EU countries on Thursday made a joint request to the European Commission to explore two options to cap soaring gas prices and propose possible solutions in a bid to tame surging energy costs.
Natural Gas
14-10-2022

France Sends Germany Natural Gas to Ease Its Energy Crisis
On Thursday, France started sending natural gas directly to Germany in an attempt to alleviate the energy crisis in Europe’s biggest economy.
Natural Gas
14-10-2022

CEO Says Gazprom May Need to Replace Big Part of Nord Stream -TASS
Gazprom CEO Alexei Miller told Russia's State TV Channel One on Thursday that a big section of the damaged Nord Stream pipelines might need to be replaced, TASS news agency said.
Natural Gas
14-10-2022

Germany's Natural Gas Storage Facilities Pass 95% November Target
Germany's natural gas storage facilities passed the 95% target for November three weeks ahead of schedule on Thursday.
Natural Gas
14-10-2022

EU Leaders May Back New Gas Price Benchmark, Document Shows
European Union country leaders may support plans to launch a new gas price benchmark at a meeting next week, as they seek to curb energy prices for consumers and industries.
Crude Oil
14-10-2022

Saudi Arabia, United States Clash Over Reason for OPEC+ Oil Cut
Saudi Arabia rejected as "not based on facts" criticism of an OPEC+ decision last week to cut its oil production target despite U.S. objections.
Crude Oil
14-10-2022

Oil Slides as U.S. Crude and Gasoline Stocks Surge
Oil prices slipped in early Asian trade on Friday as U.S. crude and gasoline inventories jumped, while Saudi Arabia and Washington continued to clash over plans by OPEC+ to slash production.
Crude Oil
14-10-2022

ADNOC Drilling Contract as UAE Steps up Oil & Gas Production
ADNOC Offshore awards US$980m contract for the hire of two jack-up offshore rigs and associated manpower and equipment.

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