Gas

Natural Gas

Why Overly Confident U.S. Drillers Ditched Their Hedges

Some Big Oil companies are so confident that high oil prices are here to stay that they have completely ditched their hedges.

Energy Transition

British Energy Giant Bp to Buy Biogas Producer Archaea in $4.1bn Deal

Archaea Energy operates 50 renewable natural gas and landfill gas-to-energy facilities across the US, producing around 6,000 barrels of oil equivalent a day of …

Natural Gas

Uniper’s Net Losses Reach €40.4bn as Gas Crisis Continues

German energy company Uniper has reported that net losses in the first nine months of the year had reached €40.4 billion ($39 billion), against a €4.7 billion…

Net Zero Emission

MIT Amps up Research to Reduce Methane Emissions by 2030

One of the most notable climate change provisions in the 2022 Inflation Reduction Act is the first U.S. federal tax on a greenhouse gas (GHG).

Crude Oil

North America Leads $370 Billion Global Push for Oil & Gas Pipelines

Westwood’s upcoming onshore pipeline market forecast has revealed that between 2022 and 2028, the world will spend almost $370 billion on new oil and gas pipel…

Oil Price

BP Looking at Billions in Buybacks for Q4

British oil and gas supermajor BP Plc. has announced plans to buy back $2.5 billion in shares after an impressive third quarter.

Hydrogen Project

The UK Looks to Repurpose Natural Gas Infrastructure for Hydrogen

The UK is trialing the idea of repurposing natural gas infrastructure for hydrogen.

Natural Gas

Chesapeake Points to Rising Costs in Fastest-Growing U.S. Gas Field

Chesapeake Energy on Wednesday said inflation in the fastest growing U.S. shale gas region could surpass 15% next year, a sign that soaring costs for energy pro…

Hydrogen Production

Indonesia Tests Co-Firing of Coal and Gas With Biomass and Hydrogen

Mitsubishi Heavy Industries is to explore co-firing less carbon intensive fuels at power plants owned and operated by Indonesia Power.

Oil Refinery

French Refineries Restart After Strike Action

Around 45% of France’s oil refining capacity remains offline following strike action last month, but supply is set to improve as one major refinery is back on …

Natural Gas

Nord Stream 1 Operator Says It Found Craters at Damaged Pipeline Site

The Swiss-based operator of Russia-led Nord Stream 1 gas pipeline said on Wednesday it had completed initial data gathering at location of the pipeline damage o…

OPEC

OPEC Oil Output Falls by 20,000 Bpd in October -Reuters Survey

The following table shows crude output by the Organization of the Petroleum Exporting Countries (OPEC) in millions of barrels per day (bpd) in October and Septe…

Electric Vehicle Charging

UK Councils Set to Double EV Charging Capacity – British Gas

UK councils are set to install more than 16,500 electric vehicle (EV) charging points over the next 12 months.

Oil&Gas Drilling

ADNOC Awards Record US$4bn in Framework Agreements for IDFS

In a positive move for lower energy cost & low carbon intensive production, contracts have been awarded to ADNOC Drilling, SLB and Halliburton.

LNG

Mitsubishi Power Partners With Damietta LNG to Enhance Power Supply Reliability and Availability

Mitsubishi Power has signed a long-term service agreement (LTSA) with Egyptian liquefied natural gas (LNG) producer Damietta LNG.