Gas

EU

Europe Plans to Say Nuclear Power and Natural Gas Are Green Investments

The draft proposal could help unleash a wave of investment, but critics say both sources of energy cause damage to the environment.

LNG

South Korea Retires Two Oldest Coal-Fired Power Plants, to Replace with LNG

South Korea has permanently shut its two oldest coal-fired power plants, which will be replaced by new LNG-based ones, in line with President Moon Jae-in's push…

Electricity Trade

Power Costs in Europe Soar to Record High in 2021

The continent's energy crunch followed shortages of natural gas just as demand rebounded following 2020’s lockdowns

Oil & Gas Supply

Russia’s Oil Output to Rise by 5% in 2022

Russia’s deputy prime minister Alexander Novak expects the oil output to rise by 5 per cent next year and reach its pre-pandemic level by May 2022.

Oil Pipeline

Putin: Nord Stream 2 Is Loaded With Gas And Ready To Deliver

Russian President Vladimir Putin has noted that the Nord Stream 2 pipeline to Germany is fully ready and prepared to start pumping gas exports.

Crude Oil

High Gas Prices Lead To Conversion Of Ammonia Plant To Green Hydrogen

Incitec Pivot is Australia’s largest supplier of fertilisers, producing around two million tonnes of ammonia each year for use in Australian agriculture.

Oil&Gas Drilling

Indian State Oil Giant To Significantly Expand Oil Exploration

Indian state firm Oil and Natural Gas Corporation plans to raise fourfold its exploration and production acreage by 2025

Hydrogen Project

Korea Gas Corp. Looking to Supply 1.03 Million Tons of Hydrogen in 2030

As a first step toward realizing the plan, it broke ground for the construction of a hydrogen production base in Gwangju on Dec. 2.

Crude Oil

Saudi Arabia may Set Deep Crude Price Cuts for Asia in February

Top oil exporter Saudi Arabia may implement deep price cuts for the crude it sells to Asia in February after Middle East benchmarks and spot prices slumped this…

Hydrogen Project

Korea Gas Corp. Looking to Supply 1.03 Million Tons of Hydrogen in 2030

The production base in Gwangju is scheduled to be completed in March 2023.

Hydrogen Fuel Cell

Snam to Build Hydrogen-Ready Fuel Cell for Italy’s Torino Airport

Gas group Snam has agreed a 14 million euro contract to build a hydrogen-ready fuel cell for Italy’s Torino Airport to help it to cut its carbon footprint, the…

Crude Oil

Mexico To End Oil Exports In 2023

Mexico will suspend crude oil exports in two years in a bid to focus on domestic self-sufficiency.

Crude Oil

Oman's Ras Markaz Crude Storage Outside Strait of Hormuz to Come Onstream Q2

Infrastructure to store crude at Ras Markaz in Duqm on the southern coast of Oman is already complete, Salim al-Hashmi

Oil & Gas Trade

Hyundai Oilbank to Export Gasoline and Diesel to Hawaii

Hyundai Oilbank announced on Dec. 28 that it has signed a long-term contract to export finished petroleum products to Hawaii.

Oil Field

PetroRio Forging Ahead with Field Development off Brazil

Brazilian oil and gas company PetroRio has undertaken the required steps to move forward with the development of the Wahoo field – located offshore Brazil.