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Oil & Gas
Kazakhstan
Kazakhstan's Energy Minister: Plans to increase domestic refining capacity to twice its current level
CCS
11-04-2022
World’s Biggest Carbon Capture Project: Shute Creek’s “Sell or Vent” Business Model Isn’t Working
Delving into the world’s largest carbon capture project, ExxonMobil’s Shute Creek CCUS facility, reveals a highly questionable technology.
Natural Gas
11-04-2022
EU, Egypt to Boost Cooperation on Natural Gas, Cabinet Says
Egypt and the European Union will enhance cooperation in energy, the Egyptian cabinet said after a meeting between Prime Minister Mostafa Madbouly and Frans Timmermans, the EU’s climate chief, in Cairo.
LNG
11-04-2022
U.S. Gas Storage Emptied by Exports to Europe and Asia
U.S. gas prices have climbed to their highest level in more than a decade as strong demand from overseas has emptied storage and left inventories well below average for the time of year despite a mild winter.
Natural Gas
08-04-2022
Oil and Gas to Catapult Global Energy Spending to Record Highs in 2022, Rystad Says
Surging oil, gas and power prices together with EU’s goals of becoming less dependent on Russian supplies and post-Covid-19 pandemic inflation will catapult global energy spending this year to $2.1 trillion。
United Kingdom
08-04-2022
Ithaca Energy Gains Access to Two of the Largest Undeveloped Discoveries in UK North Sea
North Sea-focused Ithaca Energy has reached an agreement to acquire Siccar Point Energy for a price tag of nearly $1.5 billion. This is Ithaca’s second expansion of the North Sea portfolio in a little over one month.
Natural Gas
08-04-2022
Price Volatility and Rising Demand Revive U.S. Natural Gas Trading
Natural gas trading is seeing a renaissance in the United States with the return of price volatility, while market turmoil in Europe could keep gas demand and exports high for years, according to trading industry executives.
Crude Oil
08-04-2022
IEA Moving Ahead with Collective Oil Stock Release of 120 Million Barrels
The International Energy Agency (IEA) has confirmed it will release 120 million barrels of oil.
Oil Price
07-04-2022
Shell Raises Russia Writedown to as Much as $5 Billion
Shell will write down up to $5 billion following its decision to exit Russia, more than previously disclosed, while soaring oil and gas prices boosted trading activities in the first quarter, the company said on Thursday.
LNG
07-04-2022
China Signs Another Deal to Buy US LNG
US-based Next Decade will supply China’s ENN with 1.5 million tonnes per year (mtpy) of liquefied natural gas (LNG) for 20 years starting as early as 2026 from the proposed Rio Grande export project in Texas.
Crude Oil
06-04-2022
Oil Sinks Toward $100 as EU Avoids Curbs on Crude, Dollar Gains
Oil fell as the European Union eschewed sanctions on Russian oil flows for now and a stronger dollar blunted the appeal of commodities.
Crude Oil
06-04-2022
West Set To ‘Swap’ 650,000 Bpd Russian Oil with Developing Asia
Developed economies allies of the U.S. and the EU are expected to replace around 650,000 barrels per day (bpd) of Russian crude oil with grades from other producers amid self-sanctioning.
Iran
05-04-2022
Iraq in Need of Iranian Gas for Years: Iraqi Official
Iraqi Minister of Electricity Adel Karim has underlined that Iraq has not struck a deal with the littoral states of the Persian Gulf; thus, Baghdad requires gas import from Iran in coming years.
Crude Oil
05-04-2022
Oil Rises as Uncertainty Around Supply Persists
Oil futures rose in early trading on Tuesday as the potential for more sanctions following alleged war crimes by Russian troops in Ukraine added to concerns about supply disruptions, while Iran nuclear talks stalled.
Natural Gas
05-04-2022
Why Renewables Can’t Solve Europe's Energy Crisis
Europe has been aggressively pursuing a clean energy future and the end of fossil fuels, but the Russia-Ukraine conflict has highlighted the shortcomings of renewables.
Oil Price
04-04-2022
How Biden’s Huge Strategic Oil Release Could Backfire
President Biden’s huge SPR release announcement has pushed WTI prices back below $100.
Natural Gas
04-04-2022
High Natural Gas Prices Could Lift Green Hydrogen Investment
Companies in Europe and U.S. allies such as Australia have recently announced major green hydrogen deals and projects.
Natural Gas
04-04-2022
In Russia-Europe Gas Standoff, Both Sides Lose
Europe and Russia will both lose heavily if President Vladimir Putin follows through on his threat to cut gas supplies to countries he judges "unfriendly" unless they pay in roubles.
Natural Gas
03-04-2022
US LNG Exports Surge 16% amid Higher Demand From Europe
US liquefied natural gas exports rose nearly 16 per cent last month to a record high, according to preliminary Refinitiv data, with shipments to Europe continuing to dominate.
Natural Gas
02-04-2022
Russia's Gazprom Says Gas Exports to Europe via Ukraine Continue
Russian state-owned energy giant Gazprom said on Saturday it was continuing to supply natural gas to Europe via Ukraine in line with requests from European consumers.
Oil Shale
02-04-2022
China's Major Shale Gas Field Records Output Growth in Q1
The Fuling shale gas field in southwest China's Chongqing Municipality produced over 1.8 billion cubic meters of natural gas in the first quarter of 2022, up 1.67 percent year on year.
Oil Price
02-04-2022
IEA to Release New Emergency Oil Stock to Curb Market Turmoil
The International Energy Agency has said its members have agreed to release more oil from emergency reserves to offset the market turmoil caused by Russia’s war in Ukraine.
Natural Gas
02-04-2022
Gas Power Outlook: Volatility and Viability
Natural gas generation’s future hinges on a precarious and exceptionally volatile set of issues that the conflict in Ukraine intensified.
Oil Price
02-04-2022
Biden’s Top Economic Advisor Says Restarting the Keystone XL Pipeline Now Won’t Lower Oil Prices
President Joe Biden’s top economic advisor suggested Friday the White House is not rethinking its decision to cancel the controversial Keystone XL oil pipeline in response to elevated crude and gasoline prices.
Crude Oil
02-04-2022
U.S. Issues Formal Notice of Record Sale of Oil From Reserve
The U.S. Energy Department formally outlined a sale of oil from emergency reserves on Friday, a day after President Joe Biden announced the largest release ever in an effort to push down fuel prices that have soared during Russia’s war with Ukraine.
Natural Gas
01-04-2022
With War in Ukraine and Threats From Putin, Europeans Anxiously Wait for Energy Rationing
European countries are facing the possibility of energy supplies being rationed, as a dispute between Moscow and the West over payments for Russian exports rages on.
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Most views from Oil & Gas
1
Exxon and QatarEnergy's joint venture Golden Pass produces first LNG at new Texas facility
2
Baker Hughes to Supply Tech for Offshore LNG Project in Texas
3
Equinor starts drilling major gas development in Brazil
4
Algeria and Spain in talks to increase gas supply
5
Petron secures 2.5M barrels of Russian crude oil
6
PH, China reopen oil exploration talks
