Gas

Crude Oil

U.S. May Delay Oil Reserve Release

The United States might adjust the timing of the release of some 50 million barrels of crude oil from the strategic petroleum reserve depending on the direction…

Crude Oil

Opec+ Agrees to Continue January Oil Output Increase Amid Omicron Uncertainties

The producers' group, led by Saudi Arabia and Russia, will bring 400,000 barrels per day to the market next month as planned

Crude Oil

Acelen to Boost Runs at Newly Acquired Brazil Refinery

Abu Dhabi state-owned Acelen plans to step up crude throughput at its newly acquired 333,000 b/d Mataripe refinery in Brazil to meet growing demand in the count…

Crude Oil

Production Starts at Angola’s Clov 2 Oil Project

Crude production has started at the Clov 2 project in block 17 offshore Angola, the second new deepwater development to come on stream in the west African count…

Natural Gas

Australian LNG Exports Hit Record High in October

The record volumes and higher prices also accounted for record LNG export receipts for the month, according to the latest official data.

Oil&Gas Drilling

TotalEnergies Spuds Namibian Ultra-Deepwater Well

French energy major TotalEnergies has started drilling the ultra-deepwater Venus-1X exploration well located offshore Namibia, using a Maersk Drilling-owned dri…

Natural Gas

Samsung Engineering Secures US$1.23bn Gas Development Project in Saudi Arabia

Samsung Engineering announced on Dec. 1 that it has signed a US$1.23 billion contract with Saudi Aramco for the Jafurah Gas Process Package #1 Project.

Iberdrola to Increase Energy Prices from January 1

Iberdrola Ireland said it will increase its gas and electriciy prices from January 1, becoming the latest energy supplier to announce price hikes.

Hydrogen Fuel Stations

Australia to Gain its ‘First’ Commercial Hydrogen Refuelling Station for Heavy Vehicle

Australia is set to gain its ‘first’ commercial hydrogen-powered heavy vehicle refuelling station through a new agreement between Coregas and Haskel Hydrogen …

Natural Gas

Hyundai Engineering Consortium Wins KRW2tr Gas Plant Project in Saudi Arabia

Hyundai Engineering announced on Nov. 30 that it has won a super-large gas plant construction project worth about 2 trillion won from Saudi Arabia’s state-run …

Hydrogen Project

EU to Promote Global Hydrogen Markets

Ahead of a major reform of natural gas market rules, the European Commission today committed to promoting competitive markets to enable non-EU hydrogen to be tr…

Hydrogen Technology

Centrica Acquires a Stake in Green Hydrogen Technology Company

UK utility Centrica has acquired a minority stake in HiiROC, a company that has developed a technology to convert biomethane and flare gas, or natural gas into …

Crude Oil

Saudi Arabia May Raise January Oil Prices to Asia

Top oil exporter Saudi Arabia may raise crude prices for Asia in January following large gains in the Middle East spot market last month

Natural Gas

Natural Gas Plunges 11% as U.S. Weather Forecast Stifles Demand

Natural gas futures plummeted 11% in the U.S. as forecasts shifted warmer through the middle of next month, allaying concern about tight domestic supplies amid …

Crude Oil

Guyana To Become The 11th Country To Produce Over 1 Million Bpd

The tiny South American nation of Guyana has emerged as the hottest offshore drilling location on the continent over the last six years.