Gas

Natural Gas

Canada's Ontario to Extend Gas, Fuel Tax Cut for a Year

The Ontario government said on Sunday it will extend a fuel and gas tax cut first introduced last spring by another year to help residents cope with high inflat…

Oil Price

Iraq Wants Stable Energy Prices, Prime Minister Says

Iraq is keen to maintain stable oil prices at not more than $100 per barrel, Prime Minister Mohammed Shia al-Sudani told reporters on Saturday.

Mexico

Mexico's Pemex to Work With EPA to Bring Down Methane Emissions

Mexican state oil company Pemex said Saturday that it would work with the U.S. Environmental Protection Agency (EPA) to reduce greenhouse gas emissions - especi…

Natural Gas

COP27: Israel Says Big Boost in Gas Supply to Europe Will Take Years

Israel will require several years before it can significantly increase its natural gas supplies to Europe, the country's energy ministry said on Friday.

Canada

Canada, Nigeria Target Oil and Gas Methane Emissions With New Laws

Oil and gas producers Canada and Nigeria have become the latest countries to tackle the potent greenhouse gas methane with laws to rein in emissions in the foss…

Crude Oil

UK Considering Big Increase in Energy Windfall Tax, Sources Say

British finance minister Jeremy Hunt is considering a big increase in a windfall tax on oil and gas firms and extending it to power generation firms as he tries…

Germany

German Budget Experts Push for Dividend Ban Tied to Energy Subsidies

Budget experts from Germany's ruling coalition on Friday stressed the need for a ban on dividends and bonuses being paid out at companies that benefit from gas …

Oil Price

High Oil Prices Ignite the Middle Eastern IPO Market

Initial public offerings in the Middle East have flourished this year thanks to higher prices that have seen increased investor interest in the region.

Natural Gas

Persistent EU Rifts Seen Delaying Any Approval of Gas Price Cap

Belgium, Greece, Italy and Poland on Friday threatened to block a new set of European Union steps to alleviate an acute energy crunch.

Coal-Fired Power Plants

US Coal-Fired Power Retirements to Slow From 2023 – Report

Competition from natural gas and renewable resources will likely lead to the retirement of 23% of the 200,568MW of coal-fired capacity currently operating in th…

Oil & Gas Supply

The EU's Energy Partnership With Gulf Countries Makes “More Sense Than Ever”

Cooperation between the European Union and the Gulf Cooperation Council is more important than ever, the head of EU foreign policy Josep Borrell said, as quoted…

Crude Oil

Saudi Arabia to Deliver Full Oil Volumes to Asia Despite Production Cut

Saudi Arabia’s state oil company has assured several buyers in Asia it will deliver full contracted volumes in December despite the OPEC+ decision to cut produ…

Crude Oil

Saudi Energy Minister Stresses the Importance of Oil Security

The world cannot go without Saudi oil exports for more than two or three weeks, Saudi Arabia’s Energy Minister, Prince Abdulaziz Bin Salman.

Natural Gas

Russia to Pursue Gas Deals With Turkey at G20

Russia is set to announce its plans for gas deals with Turkey at the G20 meeting in Indonesia next week, Russia’s foreign ministry said on Thursday.

Uniper Uses Hydrogen Unit to Power Gas Plant During Outage

For the first time, Uniper has used green hydrogen to power a planned outage at one of its gas-fired plants.