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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Crude Oil
07-09-2022

Norwegian Energy Giant Equinor Completes Russia Exit
It has exited from four joint ventures with state-owned Rosneft as well as the Kharyaga oilfield project
LNG
07-09-2022

South Korea-Oman Energy Supply Chain Critical Amidst Rise in LNG Prices
South Korea’s Trade, Industry, and Energy Minister Lee Chang-Yang, and Oman’s Energy and Minerals Minister Salim bin Nasser Al Aufi discussed bilateral energy supply chain cooperation particularly on natural gas and renewables.
Natural Gas
06-09-2022

France Has Filled Up Its Strategic Gas Reserves Ahead of Winter - Minister
France is well prepared to get through this winter despite the energy crisis stemming from the war in Ukraine as it has now filled its strategic gas reserves at their maximum level
Natural Gas
06-09-2022

Siemens Energy: Don’t Understand Gazprom View on Nord Stream 1
Siemens Energy said on Tuesday it does not comprehend Gazprom's presentation of the situation with the Nord Stream 1 pipeline
Natural Gas
06-09-2022

Shell Greenlights Malaysian Giant Offshore Gas Project
Production start-up for Sarawak scheme is expected in 2026
Natural Gas
06-09-2022

Macron: France, Germany to Provide Each Other With Gas, Electricity, to Weather Crisis
France will send gas to Germany if needed while Germany stands ready to provide it with electricity, President Emmanuel Macron said on Monday.
Oil Price
03-09-2022

Will Germany Introduce a Windfall Tax on Energy Firms?
As rising energy prices and a new gas levy in Germany are expected to triple fuel bills for consumers from autumn, pressure is mounting on the government to introduce a windfall tax on energy firms to fund further relief measures.
Natural Gas
02-09-2022

EU Mulls Energy Price Cap for Certain Generators - Document
The European Commission’s upcoming proposals to tackle surging energy prices should include a price cap for certain power generators that do not run on gas.
Natural Gas
01-09-2022

European Intervention Sees Gas Prices Drop
The EU is looking to separate gas and electricity prices to protect consumers.
LNG
31-08-2022

LNG Investments to Reach $42B Annually in 2024: Report
This is 20 times the investments seen in 2020 which amounted to $2b.
Crude Oil
30-08-2022

Crude in U.S. Emergency Reserve Falls to Lowest Since Dec. 1984
Crude inventory in the U.S. emergency reserves fell by 3.1 million barrels in the week to Aug. 26, according to data from the Department of Energy.
LNG
29-08-2022

Canada Sees West Coast LNG Revival as World Scrambles for Gas
Canada is taking a second crack at developing a liquefied natural gas (LNG) export industry on its west coast a decade after soaring costs and indigenous opposition derailed a previous wave of proposed LNG terminals.
Crude Oil
29-08-2022

Oil Climbs on Prospect of OPEC Supply Cut, Demand Growth
UAE, Oman back Saudi view on possible output cut
Germany
28-08-2022

Germany Prepares for Possible Nationalisation of Gazprom Germania - Paper
The German government has set up a holding company to carry out a possible nationalisation of Gazprom Germania, the energy business abandoned by Russia's Gazprom in April, Welt am Sonntag reported on Sunday.
Clean Energy Transition
27-08-2022

Australian Energy Crisis Gives Rise to New Gas Supply Need
Energy prices rose 400% up to AU$40 per gigajoule.
Gas Turbine
27-08-2022

GE to Invest in US Hub to Expand Small-Turbine Manufacturing
GE will invest up to $5 million over the next two years to add a second manufacturing location for its aeroderivative units at the existing Global Technology Center in Greenville, South Carolina.
Natural Gas
25-08-2022

Italgas – Gas Network Digitalisation Well Under Way
Italian gas DSO Italgas has reported operation of the first sections of new digital gas networks in northwest Italy and works under way in central Italy.
LNG
24-08-2022

U.S. Natgas Falls 5% On Delay of Freeport LNG Plant Restart
U.S. natural gas futures fell more than 5% on news of a further delay in the resumption of initial operations at the Freeport LNG export plant in Texas.
LNG
24-08-2022

Australian LNG Cargo Lands on UK Shores as Germany Reconnects Coal-Fired Power Plant
A tanker carrying LNG from Australia has reportedly docked in Kent.
LNG
24-08-2022

Shell, Unions Reach Deal to End Strike at Prelude FLNG off Australia
Shell and unions representing workers at its Prelude floating liquefied natural gas (FLNG) facility have reached a wage deal to end a long-running strike and restart production at the site off northwest Australia, they said on Wednesday.
LNG
24-08-2022

Canada Studies Direct LNG Exports to Europe
Canada studies the feasibility of direct LNG exports to Germany.
Natural Gas
24-08-2022

Norway Eyes High Gas Output Until 2030, Says Energy Minister
Norway plans to maintain its current high gas production level until the end of the decade as Europe plans to ditch Russian imports, its energy minister said on Tuesday.
Crude Oil
24-08-2022

Oil Jumps Nearly 4% On Possible OPEC+ Supply Tightening
Oil prices surged by nearly 4% on Tuesday after Saudi Arabia floated the idea of OPEC+ output cuts to support prices in the case of returning Iranian crude and with the prospect of a drop in U.S. inventories.
LNG
24-08-2022

Germany Touts Possible ‘Major Role’ for Canadian LNG in Shift Away From Russia
Germany hopes Canadian LNG will help ease its shift away from Russian gas imports, Chancellor Olaf Scholz said on Tuesday, a day after Canada played down the economic viability and speed of setting up new export terminals.
Natural Gas
24-08-2022

Australia’s BPH Energy Explores Legal Avenues Over Project Permit
Australia's BPH Energy Ltd said on Tuesday it was conducting a review of options, including potential for legal avenues, after reports said former Prime Minister Scott Morrison used his power to block an exploration project of the company.

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