Gas

Nuclear Equipment

French Nuclear Fleet Failure, Drought and War to Blame for Record Power Prices in 2022

Last year Europe saw very high levels of wholesale power prices, driven by gas prices that repeatedly broke all-time high records since the start of the Ukraine…

Electrification

GE Bags Two Service Contracts for Six Power Plants in China

H-class gas turbine. Image credit: GEGE and Chinese state-owned power utility Guangdong Energy Group have signed a long-term service agreement for Dongguan Ning…

Oil & Gas Trade

Oil Giant Aramco Says Windfall Taxes ‘Not Helpful’ and Could Stifle Decarbonization

KEY POINTSPolicymakers in a number of countries are calling for windfall taxes on major oil and gas companies, many of which saw record profits in the last year…

Nuclear Technology

South Korean Investment in X-Energy

X-energy of the USA - developer of the Xe-100 high temperature gas-cooled small modular reactor (SMR) as well as TRISO advanced nuclear fuel - has announced a s…

Oil&Gas Drilling

UK Firm Chosen to Drill Well Offshore Isle of Man

Isle of Man-based Crogga Limited has awarded Aberdeen-based energy services company THREE60 Energy with a contract to drill an appraisal well this year in the C…

Oil & Gas Trade

OPEC Stands by 2023 Oil Demand Forecast Amid Improving Outlook in China

Opec says it is holding to its forecast demand for crude this year despite forces arraying against it. ReutersOpec stuck to its global oil demand forecast for t…

Gas power plant

Energy Storage Being Added to California Gas-Fired Peaker Plants

A North Carolina-based group that provides battery energy storage and software technology is set to co-locate 420 MWh of storage at four natural gas-fired facil…

Oil Exploration

Totalenergies to Invest $1 Billion in Oil Development Offshore Brazil

(WO) — TotalEnergies has approved the final investment decision of the Lapa South-West oil development in the Santos Basin, 300 km off the coast of Brazil.offs…

Natural Gas

Enagás Buys Stake in UK-Netherlands Subsea Gas Pipeline Operator

Spanish energy company Enagás has reached an agreement with Germany’s Uniper to acquire a 20% stake in the Dutch BBL Company, an owner of a 235-kilometre subs…

Electricity Trade

Drop in Power Price Predictions up to 2030 but Prices to Remain Above Pre-2021 Levels for Next Decade

New data from Cornwall Insight has shown a drop in our predictions for power prices up to 2030 as Europe secures alternative energy supplies, compensating for r…

Qatar

Russian Gas Will Eventually Return to Europe as Nations ‘Forgive and Forget,’ Qatari Energy Minister Says

On Friday, Russian energy supplier Gazprom said it would not resume its supply of natural gas to Germany through the key Nord Stream 1 pipeline, blaming a malfu…

Hydrogen Fuel Cell Vehicle

Rolls Royce Runs Gas Engine on 100% Hydrogen

Rolls-Royce Power System says it has successfully run a gas engine on 100% hydrogen fuel.The tests were carried out using a 12-cylinder gas variant of the mtu S…

Energy Security

Quick Fix Completed at Gas Pipeline Incident Site in Lithuania

Lithuania’s gas pipeline operator Amber Grid has completed remedial work on the gas trunk line that caught fire on Friday afternoon, with images of flames…

Crude Oil

Keppel Offshore & Marine Former Senior Managers Escape Prosecution for Bribery Scandal

Six former senior officials of Singapore’s Keppel Offshore & Marine have escaped prosecution on corruption charges relating to Brazil’s Operation Ca…

Oil&Gas Drilling

New Year Sees Rousing Start to Offshore Drilling Market

NEW YORK CITY – Offshore drilling contractors have had a great start to 2023, as they have kicked off the new year with 26 rig contracts (17 jackups, 9 fl…