Gas

Crude Oil

U.S. Strategic Oil Reserves Could Fall By 50% Over The Next Decade

The U.S. strategic petroleum reserve could drop by 304 million barrels over the next 10 years according to the EIA

Crude Oil

Iran Plans To Boost Oil Production To 5 Million Bpd

Iran is determined to return to its pre-sanction oil production level of 5 million barrels per day, regardless of how the nuclear deal develops

Nuclear Power Plant

First Hunterston B Reactor Enters Retirement

Hunterston B Reactor 3 - a 490 MWe advanced gas-cooled reactor - was taken offline for the final time at midday on 26 November, marking the end of 46 years of o…

Oil Price

Biden’s Blunder Could Send Oil Prices To $100

Oil prices may have crashed below $70 on Friday due to renewed Covid fears, but if those fears prove to be unfounded then oil prices could soar

Hydrogen Project

Australia’s NSW Passes Hydrogen, Gas Blending Law

Australia's NSW state has passed legislation that will allow blending of hydrogen and biomethane into natural gas pipelines and help achieve a target of having …

Crude Oil

Iran Seeks to Return Oil Output to Pre-Sanction Levels

Iran wants to pump more oil than it did before the Trump administration tightened sanctions, a top official said ahead of high-level nuclear talks whose outcome…

Hydrogen Production

NNL and DNV Partner to Explore Large-Scale Nuclear Production of Hydrogen for UK Gas Network

The UK’s National Nuclear Laboratory and DNV are partnering to explore the potential of nuclear-derived hydrogen to support the conversion of UK gas networks t…

Natural Gas

Largest Natural Gas Storage Begins to Supply Gas to West-East Gas Pipeline

China's largest natural gas storage facility, the Hutubi gas storage under CNPC in Northwest China's Xinjiang Uygur Autonomous Region, began to supply gas to th…

Oil Field

BP Brings Field Offshore Angola on Stream

Oil major BP has started production at the Platina field in Block 18, which is located in the Angolan offshore, approximately 140 kilometres northeast of Luanda…

Wind Turbine

Contract Signing at WindEurope Confirms Energy Industry Commitment to Wind

A confidential owner of oil and gas platforms in the North Adriatic Concession area has contracted renewable energy consultancy Megajoule to install multiple wi…

Hydrogen Production

Nuclear Derived Hydrogen being Explored for UK Gas Grids

The introduction of nuclear derived hydrogen is being explored for UK gas networks to help support key up-coming government policy decisions on the role of hydr…

Crude Oil

Brazil’s Oil Major Plans To Invest $68 Billion In Boosting Production

Brazil’s Petrobras plans to invest $68 billion in expanding its crude oil production, a figure that represents 84 percent of its total planned investments for …

Natural Gas

Equinor Shifts Oseberg Output Focus Towards Gas

Norwegian state-controlled Equinor has submitted plans to develop the Oseberg field to become a "substantial gas producer", having been primarily an oil field.

Coal Price

NE Asia Coal Prices Jump on Fiercer Competition

A cold snap across the northern hemisphere and fiercer inter-basin competition for fuel amid a decline in Russian natural gas deliveries to Europe supported coa…

Crude Oil

Brent Price Slides Amid Covid Concerns Ahead of Key Opec+ Meeting Next Week

Futures in London slid towards $80 a barrel as crude was swept up in a wave of caution across global markets