Gas

Natural Gas

How the EU Plans to Cut Dependence on Russian Gas by Two-Thirds This Year

The European Union announced Tuesday it will reduce its purchases of Russian gas by two-thirds before the end of the year, in response to the country’s invasio…

Crude Oil

U.S. Sanctions on Russian Oil to Leave More Cargoes at Sea with No Buyers

The U.S. ban on Russian oil and gas imports is likely to leave more cargoes at sea with no buyers.

Gas Turbine

GE Turbines Will Power New 2-GW Gas-Fired Plant in China

A new 2-GW natural gas-fired power plant in China, being built to support the coming retirement of a large regional coal-fired complex, will feature three GE 9H…

Natural Gas

Russian Gas Continues to Flow into Europe on Main Pipeline Routes

Russian gas delivered through the Yamal-Europe pipeline via Poland was flowing westward into Germany on Tuesday morning, and flows into Slovakia via Ukraine rem…

Hydrogen Storage

RWE to Develop Brand New German Hydrogen Storage Facility by 2027

A brand-new initiative is set to be developed in Gronau, Germany, as RWE Gas Storage West looks to develop a hydrogen storage facility by 2027.

Wind Farm

Renewable Power Capital 10-Year Wind Energy Deal with Gasum Builds Renewable Investment Momentum in Finland

Gasum has signed a ten-year power purchase agreement with Renewable Power Capital (RPC) to buy the majority of the output from the 44MW Rustari onshore wind far…

Natural Gas

Germany Says It Won't Stop Buying Russian Energy Despite Moscow’s War in Ukraine

Germany will continue to buy natural gas, oil and coal from Russia despite Vladimir Putin’s aggression against Ukraine, the government in Berlin said Monday.

Oil Price

Petrol, Diesel Price Hikes may Restart from Next Week

Petrol and diesel price hikes are likely to resume after state elections get over next week. This is to bridge the Rs 9 a litre gap created by international oil…

Oil Price

Russia Warns West of $300 per Barrel Oil, Cuts in EU Gas Supply

Western countries could face oil prices of over $300 per barrel and the possible closure of the main Russia-Germany gas pipeline if governments follow through o…

Energy Transition

Post-Merger with Aker BP, Lundin Energy Leaving Behind Oil & Gas Business to Focus on Renewables

Following the completion of the merger of Aker BP’s and Lundin Energy’s E&P businesses, the latter will remain with renewable energy assets, focusing on creat…

Oil Price

Fuel Prices on Saipan up 20 Cents

FUEL prices on Saipan went up by 20 cents on Friday and Saturday as the Russian invasion of Ukraine continues to spook global markets.

Crude Oil

Shell to Buy Russian Crude and Use Profits to Help Ukraine

Shell, Europe’s largest oil company, said Saturday that it would probably continue to buy Russian crude oil to feed into its refineries and supply customers wi…

Oil Shale

U.S. Shale Producers Oasis, Whiting to Merge in $6 Bln Deal

U.S. shale oil and gas producers Oasis Petroleum Inc OAS.O and Whiting Petroleum Corp WLL.N will merge in a $6 billion deal, the companies said on Monday.

Oil Shale

OPEC Meet with U.S. Shale Executives at U.S. Energy Conference as Oil Prices Skyrocket

Officials from the Organization of the Petroleum Exporting Countries on Monday met with executives of several top U.S. shale oil companies at a top U.S. energy …

Oil Price

Want Lower Oil Prices? First You Need Higher Ones

There is only one way oil prices are going to fall – by first rising even more. That is the growing consensus among Wall Street analysts, who say there is not …