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Oil & Gas

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level

Crude Oil
26-09-2022

Brent Crude Slides Below $85 a Barrel as Dollar Surges
Brent crude fell below $85 a barrel Monday, as recession fears weighed and the U.S. dollar surged.
Oil Price
26-09-2022

Nigeria’s Fuel Subsidies Surpassed $1 Billion in August as It Supplied More Petrol
The cost of Nigeria's fuel subsidies rose to 525.714 billion naira in August, bringing the total spent this year to 2.568 trillion naira, according to figures submitted to the government by state oil company NNPC.
LNG
26-09-2022

UAE Signs Energy Agreement With Germany’s Scholz
The president of the United Arab Emirates, Sheikh Mohammed bin Zayed al-Nahyan, has signed an agreement with German Chancellor Olaf Scholz that covers accelerating energy security and industrial growth.
Switzerland
26-09-2022

Switzerland on Course for Mild Start to Winter, Easing Energy Supply Fears
Switzerland is on track for a mild start to the winter and above average temperatures could even stretch into February.
LNG
26-09-2022

Adnoc Signs Agreements to Supply LNG and Diesel to Germany
State oil company will deliver the first LNG shipment in late 2022 to a floating import terminal near Hamburg
Natural Gas
26-09-2022

Spain-France Natural Gas Pipeline Boosts Capacity by 18%
An existing natural gas pipeline from Spain to France via the Pyrenees has boosted its capacity by 18% and could be used immediately if France requests it.
Oil Price
26-09-2022

Volkswagen Warns: High Gas Prices Could Impact Car Production
Germany's Volkswagen AG warned on Thursday that global auto production will be at risk in 2023 if Russia fails to resume deliveries of natural gas through Nord Stream 1.
Natural Gas
23-09-2022

German Jan-July Gas Import Costs Surge 164% As Imports Drop 25.5%
The July statistics from Germany's foreign trade office BAFA are the fifth to reflect the impact of the war in Ukraine, which began on Feb. 24, and Western sanctions against what the Kremlin calls a "special military operation."
Natural Gas
23-09-2022

California Relied Heavily on Natural Gas During Sept Heat Wave -EIA
During an extreme heat wave in early September, the California power grid relied on natural gas for almost half of its electricity generation to meet peak demand.
Oil Refinery
23-09-2022

Strike Action Hits Exxon Mobil’s Oil and Petrochemical Plants in France
Strike action has reduced output at Exxon Mobil's 240,000 barrel per day (bpd) Port Jerome-Gravenchon oil refinery and Notre Dame de Gravenchon (NDG) petrochemical site in France, the company said on Wednesday.
Natural Gas
22-09-2022

Australia Court Scraps Drilling Permit for Santos’ $3.6 Bln Barossa Gas Project
Australia's Federal Court on Wednesday ruled in favour of an indigenous group's challenge against a drilling permit for Santos Ltd's Barossa gas development, in what Santos called a "disappointing" setback for the $3.6 billion project.
Natural Gas
22-09-2022

Shorter Showers, Slower Driving and an Eiffel Tower Blackout: How Europe Plans to Cut Gas Usage This Winter
From cutting down on showering time to 5 minutes, fining shopkeepers for not closing their doors and driving slower, Europe is embarking on a goal to reduce gas use in time for winter.
Natural Gas
22-09-2022

Hungary Warns Against Further EU Sanctions on Russia
Hungary’s Foreign Minister Peter Szijjarto is warning that further EU sanctions on Russia would only hurt the bloc’s members.
Crude Oil
22-09-2022

U.S. Refiners May Soon Purchase More Canadian Crude
Canada’s benchmark heavy oil price could soon see a boost as U.S. refiners are expected to return to buying large volumes of Canadian crude once the massive releases from the SPR by the Biden Administration end in October.
LNG
21-09-2022

German Utilities Close to Long-Term LNG Deals With Qatar, Sources Say
German utilities RWE and Uniper are close to striking long-term deals to buy liquefied natural gas (LNG) from Qatar's North Field Expansion project to help replace Russian gas.
Natural Gas
21-09-2022

Germany’s Natural Gas Storage Will Last for Two and a Half Months
Gas storage sites in Germany, now nearly 90% full, will be empty after the winter, German Economy Minister Robert Habeck said on Monday.
Natural Gas
21-09-2022

A Natural Gas Shortage Is Looming for the U.S.
While natural gas prices in the United States fell after a railway strike was averted last week, it looks likely that prices both at home and abroad will spike this winter.
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.

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