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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
LNG
24-10-2022
CEZ Seeks Higher Capacity at Dutch LNG Terminal, Wants Damages From Gazprom
Czech power utility CEZ is in talks to raise the capacity it has booked at a new Dutch liquefied natural gas (LNG) terminal.
Natural Gas
24-10-2022
Uniper Shuts Down 50% Of Headquarters to Save Gas
German utility Uniper is shutting half the office space in its headquarters and lowering temperatures in areas remaining open to save gas.
LNG
24-10-2022
Philippines Sees Room for LNG Despite Renewables Push
The use of LNG imports for power generation in the Philippines next year should not be a disincentive for investors in renewables.
Oil Price
23-10-2022
Goldman: U.S. SPR Crude Releases to Have Modest Price Influence
The Biden administration's plan to continue releasing the Strategic Petroleum Reserves (SPR) "as appropriate" to bring down retail rates poses limited downside from current crude price levels.
Oil Shale
23-10-2022
Shale Firms Discount 'U.S. Put' as Inadequate to Lift Oil Output
U.S. shale oil executive Matt Gallagher this week took a poll on Twitter to gauge sentiment toward President Joe Biden's offer to stock the U.S. emergency oil reserve at prices around $72 a barrel, to give producers an incentive to drill more.
Oil Refinery
23-10-2022
Exxon Shares Surge to Record High on Strong Earnings Outlook
Exxon Mobil Corp shares passed their all-time high on Friday as oil prices resumed their climb and analysts raised their long-term views of top U.S. oil producer's cash flow and earnings outlook.
Natural Gas
21-10-2022
Hungary Will Not Agree to EU Gas Price Cap, Will Need Exemption
Hungary will not agree to an EU price cap on imported gas because it would end Russian deliveries, a senior aide to Prime Minister Viktor Orban said, adding that if the EU decides on a cap it would have to exempt Hungary, as it did for oil.
Natural Gas
21-10-2022
EU Leaders to Keep Studying Gas Price Caps
European Union leaders ended another debate on the bloc's response to the energy crunch without agreement on whether to cap gas prices, deciding in the early hours of Friday morning to keep examining options to put a ceiling on costs.
Natural Gas
21-10-2022
Energy Crisis Poses Existential Threat to Europe’s Industry
European industries are struggling to stay competitive amid soaring energy costs.
Oil Price
20-10-2022
US to Release an Extra 15M Barrels of Oil Amid Skyrocketing Prices
US officials have hinted at more releases if prices continue to surge.
Oil Refinery
20-10-2022
Workers Continue Strikes at TotalEnergies Normandy and Fezyin Refineries - Union
Workers at TotalEnergies Normandy and Feyzin refineries decided to continue a strike which has dragged on for almost four weeks on Thursday.
Oil Field
20-10-2022
Baker Hughes Sees Bright 2023 for U.S. Oil
Baker Hughes Co. reported third-quarter results and posted a loss, compared with a profit last year.
OPEC
19-10-2022
Malaysia Says OPEC+ Decision to Cut Output Made to Address Market Uncertainties
Malaysia has said a decision by OPEC+ member states to cut oil production was unanimous, and made after taking into account the need to address market uncertainties.
Natural Gas
19-10-2022
Global Natural Gas Crisis Dampens Momentum for ‘Cleaner’ LNG
Europe’s energy crisis has cooled efforts to lower the carbon intensity of liquefied natural gas (LNG) shipments, as buyers worried about a winter supply crunch prioritize securing shipments of any kind over burnishing their green credentials.
Natural Gas
19-10-2022
EU Far From Finding Solutions to Energy Crisis, Spanish Minister Says
European Union members have not yet identified common solutions to the energy crisis, Spain's Energy Minister Teresa Ribera said on Tuesday.
OPEC
19-10-2022
Iraq Reiterates Support for OPEC+, Saudi Arabia
Iraq's foreign ministry said late on Tuesday that it refuses any threatening or pressuring policy.
Oil Price
19-10-2022
Biden to Lay Out Plan to Complete Emergency Oil Sales, Support U.S. Production
U.S. President Joe Biden will announce a plan on Wednesday to sell off the last portion of his release from the nation's emergency oil reserve by year's end, and detail a strategy to refill the stockpile when prices drop.
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.
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