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China
China's Major Shale Gas Field Adds 19 New Wells
The Fuling shale gas field in southwest China's Chongqing Municipality has put 19 new wells into operation this year, increasing the daily gas output by 1.06 mi…
Oil Price
Japan, Australia Monitoring Oil Market for Impact from Ukraine Conflict
Japan and Australia said on Thursday they were closely watching oil prices for any impact from hostilities in Ukraine, with Australia saying it was prepared to …
Oil Price
Stocks Dive, Oil Surges as Russia Invades Ukraine
Global stocks and U.S. bond yields dived on Thursday, while the dollar, gold and oil prices rocketed higher as Russian troops landed in Ukrainian cities on the …
Carbon Neutral
Chinese Tech Giant Tencent Pledges Carbon Neutrality by 2030
China's Tencent Holdings said on Thursday (Feb 24) it plans to have its operations and supply chain achieve carbon neutrality by the end of the decade.
Oil & Gas Supply
Greece Lines up Additional Gas Supplies as Ukraine Tensions Rise
Greece has lined up additional supplies of pipeline gas and liquefied natural gas (LNG) should existing plans be disrupted by the Ukraine crisis, a government s…
Crude Oil
Sinochem Completes China’s First Blockchain Warehouse Receipt Pledge for Crude Oil
Sinochem, China’s fourth-largest state-controlled oil company, has carried out the country’s first digital warehouse receipt pledge for crude oil, using 66 Cl…
Natural Gas
Serbia to Sign Long-Term Gas Contract with Russia
Belgrade, Feb 23 (Prensa Latina) Serbiagaz CEO Dusan Bajatovic said that his country plans to start negotiations with Russia's Gazprom on a new 10-year gas cont…
Oil Price
Natural Gas Prices Hit Record High In China
Natural gas prices in China have gained as much as 80 percent over the last month to reach a record high amid freezing weather and tight supply.
Oil Price
Oil Rises as Ukraine Issues State of Emergency, Suffers Cyber Attacks
Oil prices reversed earlier losses on Wednesday, rising on reports that Ukraine’s government, foreign ministry and state security service were affected by a cy…
Oil Price
Oil Price Set to Test Fresh Peaks Barring Iran Breakthrough
Efforts by governments to drive an economic rebound are likely to add strain to tight oil supplies and could send prices to fresh peaks.
Geothermal Power Plant
Enel Green Power Performs Upgrade on World’s Oldest Geothermal Plant
Enel Green Power has upgraded its 60MW geothermal plant in Farinello, Tuscany, said to be the oldest geothermal complex in the world.
Solar Power Panel
LG Electronics to Exit Global Solar Panel Business
The firm cited the impact of increasing material and logistics costs, as well as severe supply constraints, on the solar business as the reason behind the depar…
Nuclear Power Plant
Putin’s Ukraine Move Puts a Northern Finland Nuclear Plant Project in Jeopardy
Although construction work at the site of the proposed new nuclear power plant in Pyhäjoki in northern Finland is in full swing, developments in Ukraine could …
Energy Transition
Australia's APA Confident of Gas in Energy Transition
Australian energy infrastructure firm APA remains confident in the role gas plays in the energy transition as a number of the country's coal-fired power plants …
Wind Farm
Global Wind Service Secures French Wind Farm Installation Contract
GE Renewable Energy has contracted Global Wind Service (GWS) as a partner for the load-out and installation of the 80-turbine Saint Nazaire offshore wind farm.
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