Gas

Oil Price

Higher Oil & Gas Prices Lift TotalEnergies Profit

French energy major TotalEnergies saw its quarterly profit soar at the end of last year while returning to the black on a year-over-year basis driven by higher …

Pumped Storage

Here's an Overlooked Option for Long-term Energy Storage for Renewables

To cut U.S. greenhouse gas emissions in half within a decade, the Biden administration’s goal, the U.S. will need a lot more solar and wind power generation, a…

Siemens Reports “Solid Performance” for Gas and Power

Siemens announced its results for the first quarter of fiscal year 2022 that ended Dec. 31, 2021.

Carbon Emissions

How the Utilities Industry is Building a Sustainable Future

The energy and utilities industries play a significant role in carbon emissions. In the US, 25% of greenhouse gas (GHG) emissions come from electricity generati…

Oil Price

White House: No Oil Producer Should Hold Back Supply As Oil Hits $90

The White House says as oil hit $90, noting that the U.S. Administration has left “all options on the table” to address high oil and gasoline prices and could…

Oil Price

JPMorgan: Oil Could Easily Hit $120 If Russia-Ukraine Tensions Escalate

JPMorgan is warning that Brent crude could “easily” reach $120 per barrel—if the geopolitical conditions between Russia and Ukraine deteriorate.

Oil Price

TotalEnergies: High Oil Prices Are Here To Stay

TotalEnergies CEO Pouyanné: I've no good news to deliver, oil prices will remain high.

LNG

MOL Signs Charter for New Arctic LNG 2 Ice-Breaking Carrier

Japanese shipping major Mitsui O.S.K. Lines (MOL) has signed a charter contract for a newbuilding ice-breaking carrier to serve Russia’s Arctic LNG 2 project.

Oil Field

Will the UK Greenlight Six New Oil and Gas Fields in North Sea?

The government is allegedly planning to give the go-ahead to six new oil fields in the North Sea.

LNG

SSY: LNG Supply and Demand Maintain Volatile Market

Shipbroker Simpson Spence Young (SSY) looks at what’s behind the rise of LNG prices and the impact this has on the LNG shipping market.

Crude Oil

Iraq Ready To Execute Four Game-Changing Energy Projects

According to Iraq’s Oil Ministry, the country is ready to move into the ‘execution phase’ of its four-project deal with French energy supermajor TotalEnergie…

Crude Oil

U.S. Weighs Chevron Request to Take Venezuela Oil for Debt Payments

The Biden administration is considering a Chevron Corp proposal to allow the U.S. oil major to accept and trade Venezuelan oil cargoes to recoup unpaid debt.

LNG

IHS Markit Report Says LNG Imports to Europe Would Be Sufficient to Overcome Shutoff of Russia Gas Flows Through Ukraine

Supplies of Russian gas to Europe via Ukraine have already fallen and been replaced by LNG imports.

Crude Oil

Oil Falls on Positive Signals from U.S.-Iran Talks

Oil prices fell on Monday as signs of a progress in the U.S.-Iran nuclear talks that could lead to removal of U.S. sanctions on Iranian oil sales offset concern…

Natural Gas

GECF and Mozambique Inch Closer on Energy Cooperation

The Gas Exporting Countries Forum (GECF), the global platform of the leading gas exporting countries, led by its Secretary General HE Eng. Mohamed Hamel held a …