Gas

Denmark

Shell to Buy Danish Firm Nature Energy for Nearly $2 Billion

Shell said on Monday it would acquire Danish biogas producer Nature Energy for nearly $2 billion, as it looks to boost its low-carbon business amid growing inte…

Natural Gas

Ofgem’s Market Reform Proposals Criticised by British Gas Owner

Centrica CEO Chris O’Shea has accused Ofgem of an “abdication of responsibility”

Crude Oil

UAE's ADNOC to Cut 5% of Dec Crude Volumes to Term-Buyers in Asia - Sources

Abu Dhabi National Oil Company (ADNOC) will cut 5% of the December crude oil supply to some term-lifters in Asia but will provide full contractual volumes in Ja…

Italy

Italy Applies 50% Windfall Tax on Energy Companies' Extra Income, Draft Shows

Italy plans to apply a 50% one-off windfall tax next year on income of energy companies that have benefited from the surge in oil and gas prices, a draft of the…

Hydropower Plant

Two Major UK Renewable Energy Projects Delayed Due to Red Tape

Britain’s economy has been affected by Russia’s curtailment of gas exports

OPEC

OPEC+ Meeting to Take into Account Market Conditions – Iraqi Official

The OPEC+ meeting in December will take into account the condition and balance of the market, Iraq's state news agency quoted Saadoun Mohsen, a senior official …

Crude Oil

Nigeria’s Oil Industry Can Flourish Despite Oil Theft

A recent report from NEITI revealed that the Nigerian government had earned $741.48 billion from oil and gas between 1999 and 2020.

Oil Field

Chinese Oil Giant Spends $1.9 Billion on 5% Stake of Huge Brazilian Oilfield

China’s oil and gas giant CNOOC has paid Brazil’s Petrobras $1.9 billion to buy 5% in the production sharing contract for the huge Buzios offshore oilfield, t…

Crude Oil

BP Snags Contract to Market Guyana’s Share of Exxon’s Offshore Oil

The UK’s largest energy company BP Plc has won a contract to market Guyana's share of crude oil produced over the next year from two offshore production platfo…

LNG

Argentina Government to Send LNG Bill to Congress in Coming Months

Argentina's Economy minister Sergio Massa said on Thursday that the government was readying a liquefied natural gas (LNG) bill to send to Congress in the coming…

Saudi Arabia

Saudi, Iraqi Energy Ministers Meet, Review Oil Markets

The energy ministers of Saudi Arabia and Iraq met on Thursday and stressed the importance of adhering to OPEC+ output cuts that last until the end of 2023.

Germany

Germany Is Not Blocking EU Energy Solution but Is 'Sceptical', Minister Says

Germany is not standing in the way of the European Union's solution to the energy crisis, Economy Minister Robert Habeck told the Handelsblatt daily on Thursday…

Natural Gas

UK to Set Out More Energy Reforms ‘Very Soon’: Hunt

Britain's government plans to announce reforms to the country's energy market "very soon", finance minister Jeremy Hunt said on Wednesday, after lawmakers blame…

LNG

QatarEnergy to Supply 4 Million Tonnes of LNG to Sinopec

The deal will be in place for 27 years.

Natural Gas

EU Executive Proposes Gas Price Cap at 275 Euros/MWh

The European Union executive on Tuesday proposed a gas price cap for the bloc at 275 euros ($282) per megawatt hour for month-ahead derivatives on the Dutch exc…