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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil Price
21-09-2022

U.S. To Sell Up to 10 Mln Bbls of Oil From SPR for Nov. Delivery
The U.S. Energy Department said on Monday it will sell up to 10 million barrels of oil from the Strategic Petroleum Reserve, for delivery in November.
Natural Gas
20-09-2022

France Expected to Send Gas to Germany From October 10 - Regulator
France will likely start to export natural gas to Germany around October 10.
Crude Oil
20-09-2022

Neste Launches Study to Quit Crude Oil at Finnish Refinery
Finland's Neste on Monday said it was looking into replacing crude oil with renewable feedstock at its Finnish oil refinery, the last one of its plants to use the fossil fuel.
Natural Gas
19-09-2022

TotalEnergies Launches Offshore Gas Project in Argentina
France's TotalEnergies on Monday announced it had taken the final investment decision to kick off a natural gas project off the coast of Tierra del Fuego in southern Argentina.
Net Zero Emission
19-09-2022

Fossil Fuel Registry Launched to Help Spot ‘Stranded Assets’
Carbon Tracker and Global Energy Monitor said on Monday they had launched the first global registry of oil and gas reserves, production and emissions with data for more than 50,000 fields.
Oil Shale
19-09-2022

Australia’s Origin Energy Quits Shale Gas Exploration
The logo of Australian energy company Origin is pictured in Melbourne, Australia, July 3, 2016. Picture taken July 3, 2016. REUTERS/Jason Reed/File Photo
19-09-2022

Uniper Teeters Towards Nationalisation amid Energy Market Turmoil
Following in Wien Energie’s footsteps, German gas importer Uniper is flirting with nationalisation as the company suffers the longstanding financial consequences of the war in Ukraine.
Natural Gas
18-09-2022

Italgas Launches Innovation Drive in US
Italian gas DSO Italgas has opened a new ‘Innovation Antenna’ in Silicon Valley as part of the Mind the Bridge Innovation Centre in San Francisco.
Natural Gas
15-09-2022

Germany Edges Closer to Nationalisation of Ailing Gas Importer Uniper
Uniper, government weighing bailout options
Natural Gas
15-09-2022

Why Western Canada Has Some of the Cheapest Natural Gas in the World
Despite soaring global demand for natural gas, Canadian producers are struggling with volatile prices and deep discounts at Alberta's AECO hub, one of the largest storage facilities in North America and where the benchmark price for Canadian gas is set.
Oil Price
15-09-2022

Oil Rises on Weakening Dollar, Potential Supply Disruptions
Oil prices edged upwards in early Asian trade on Thursday, as supply concerns and a looming rail stoppage in the United States, the world's biggest crude consumer, supported markets.
Oil&Gas Drilling
14-09-2022

No Luck for Equinor and ConocoPhillips With Exploration Wells Offshore Norway
Separate wells drilled near Balder and Oseberg Ost fields
OPEC
14-09-2022

OPEC Upbeat on Global Economic Growth
Global economic growth is set to remain robust at 3.1% this year and another 3.1% next year, OPEC said on Tuesday in a forecast suggesting that the cartel expects healthy oil demand growth despite market fears of recession.
14-09-2022

Cyberattacks Are a Major Risk for the World’s Largest Oil Company
Cyberattacks are among the greatest risks Saudi Aramco faces these days, Amin Nasser, president and chief executive officer at the world’s biggest oil firm, said on Tuesday.
Crude Oil
14-09-2022

South Sudan Won’t Let OPEC+ Stand in Way of Increasing Oil Output
South Sudan has threatened to quit the OPEC group if it interferes with its ability to meet its ambitious oil production plans, first vice-president Riek Machar said on Tuesday.
LNG
14-09-2022

Central African Countries Champion 6500-Km of New Pipeline Construction
Central African countries have signed an agreement to construct three multinational oil and gas pipeline systems of around 6,500 km, storage depots, LNG terminals, at least three refineries and gas-fired power plants linking 11 countries by 2030
Oil&Gas Drilling
13-09-2022

Adnoc and Eni Evaluate ‘Fast Track’ Development Options for Sizeable Offshore Discovery
Project centres around leveraging other schemes currently being developed in Abu Dhabi as well as utilising existing Adnoc facilities
Natural Gas
13-09-2022

Czech Government Approves Electricity, Gas Price Cap
The Czech government agreed on Monday to cap electricity and gas prices next year to shield households from soaring prices on markets, Prime Minister Petr Fiala said.
Crude Oil
13-09-2022

U.S. Emergency Oil Reserves Tumble to Lowest Since 1984
U.S. emergency crude oil stocks fell 8.4 million barrels last week to 434.1 million barrels, their lowest since October 1984, according to U.S. Department of Energy (DOE) data released on Monday.
Gas Turbine
10-09-2022

GE Gas Turbines Power New-Look Bangkok Plant
Two new gas-fired combined cycle blocks of around 1400MW have gone into commercial operation this week at Thailand’s Bang Pakong power plant.
LNG
09-09-2022

JERA, Uniper Partner to Procure LNG, Clean Ammonia
This is to improve stability of energy supply in Japan and Germany.
Oil Shale
09-09-2022

INEOS Renews UK Shale Gas Offer as Prime Minister Truss Lifts Fracking Ban
Energy company INEOS has renewed its offer to the UK government and new Prime Minister Liz Truss to drill a shale gas test well in the UK.
Oil Price
08-09-2022

Oil Prices Climb on Tight Supply Worries
Oil prices rose by as much as $1 per barrel on Thursday after dropping below key technical support levels in the previous session, as an energy standoff between Europe and Russia focused investor minds on how tight fuel supply may become.
Natural Gas
07-09-2022

Exxon and Shell Look To Sell $1.5 Billion Natural Gas Venture
Supermajors ExxonMobil and Shell are looking to sell their 50/50 NAM natural gas producing joint venture in the Netherlands in a potential sale worth up to $1.5 billion, Reuters reported on Tuesday, citing industry sources and a document it had seen.
Natural Gas
07-09-2022

French Urged to Cut Energy Use by 10%
Saving energy could help France avoid rolling blackouts and energy rationing this winter, the French President has said

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