Gas

Oil Price

Biden to Lay Out Plan to Complete Emergency Oil Sales, Support U.S. Production

U.S. President Joe Biden will announce a plan on Wednesday to sell off the last portion of his release from the nation's emergency oil reserve by year's end, an…

Natural Gas

EU Leaders Will Discuss Gas Price Cap for Power Generation, Michel Says

European Union leaders will discuss putting a cap for the price of gas used to generate electricity - over which member states are divided - when they meet for …

Oil Refinery

Exxon Mobil Says French Refineries Could Take 2-3 Weeks to Fully Restart

Exxon Mobil's 140,000 barrel per day (bpd) fos-Sur-Mer and 240,000 bpd Port Jerome-Gravenchon oil refineries in France could take 2-3 weeks to fully restart aft…

Energy Transition

BlackRock Tells UK ‘No’ to Halting Investment in Coal, Oil and Gas

BlackRock, the world's biggest asset manager, told a British parliamentary committee that it will not stop investing in coal, oil and gas, and that its role was…

Natural Gas

EU Publishes Emergency Gas Cap Proposal

The European Commission outlined steps on Tuesday to battle ongoing high prices for natural gas.

Nord Stream 2

Gazprom Says a Big Section of the Nord Stream Pipelines Need to Be Replaced

Gazprom CEO Alexei Miller said late last week that a big section of the damaged Nord Stream 1 & 2 gas pipelines would need to be replaced.

Gas Turbine

Wärtsilä’s Gas Engines Provide Grid Balancing for 100MW Power Plant in Japan

The new plant will operate with ten Wärtsilä 34SG gas engines, which will replace a 100MW combined cycle gas turbine that was formerly located on the project …

Oil Refinery

Guyana Opens Tender for Its First Oil Refinery

Guyana has called for proposals to design, finance and build a 30,000-barrel-per-day (bpd) oil refinery, the first for the South American country as it becomes …

20th CPC National Congress

20th CPC National Congress | China’s Stronger Ability to Ensure Energy, Food Security Injects Confidence to World

Nation won’t scale back opening-up efforts or even turn to a ‘self-sufficient economy’: official

Solar Power Panel

Renewables Investment Outstrips Oil and Gas for First Time

Rystad Energy report finds that capital investments in renewables reached $494bn in 2022, compared to $446bn into oil and gas for the same period.

LNG

Dozens of LNG-Laden Ships Queue off Europe’s Coasts Unable to Unload

Dozens of ships carrying liquefied natural gas (LNG) circling off the coasts of Spain unable to secure slots to unload have prompted grid operators for the coun…

Oil Price

U.S. Could Sell Oil From Emergency Reserve This Week -Sources

The Biden administration plans to sell oil from the Strategic Petroleum Reserve in a bid to dampen fuel prices before next month's congressional elections, thre…

United Kingdom

UK Energy Price Cap ‘Could Soon Be Scrapped’

Officials are considering scrapping the price cap when the UK government’s energy bill package ends in October 2024.

Natural Gas

BP Buying Leading RNG Production Group in $4.1 Billion Deal

British oil major BP is continuing to diversify its energy portfolio, announcing a deal to acquire a company considered an industry leader in production of rene…

LNG

U.S. Approves LNG Shipping Waiver for Puerto Rico After Hurricane

The Biden administration late on Sunday approved a waiver of U.S. shipping rules to address Puerto Rico's urgent need for liquefied natural gas (LNG) after Hurr…