Gas

China

China Adviser Says Energy Crisis Won’t Stall Climate Action

Forthcoming 2025 energy blueprint seen prioritizing renewables

Hydrogen Fuel Cell

Scientists Develop New Hydrogen Fuel Engine that Can Power Industrial Drones

The Korea Institute of Machinery and Materials said Thursday that it has developed a 5-kilowatt hydrogen fuel engine that can power heavy lift industrial drones…

Oil Price

Goldman Says Oil Prices Already Account for a Joint SPR Release

The White House’s push for releases of oil from national reserves is already fully priced into the market following the drop in crude prices in recent weeks

Crude Oil

Opec's ECB Mulls 66mn bl SPR Release in Jan-Feb

An Opec advisory committee has been considering the possibility that as much as 66mn bl could be released from the strategic reserves of key oil-consuming count…

Oil Refinery

Reliance to Use Gasification Unit at World's Largest Refinery to Produce Hydrogen

The move follows the company's decision to transition away from fossil fuels and tap renewables as its primary source of energy

Oil Field

Daily Natural Gas Supply of Deep Sea No.1 Gas Field Hits 10 million Cubic Meters

China’s first self-operated deep-water gas field exploration facility, Deep Sea No.1 built by China National Offshore Oil Corp in the South China Sea, is alrea…

Crude Oil

Barclays Lifts Brent Oil Price Forecast To $80 In 2022

Brent Crude prices are set to average $80 a barrel in 2022, Barclays said on Tuesday, raising its forecast by $3 as it expects slower supply growth next year an…

Crude Oil

Russia’s Oil Reserves Are Becoming Increasingly Hard To Recover

Nearly all of Russia’s oil production will consist of the so-called hard-to-recover crude reserves unless the country speeds up and incentivizes exploration

Natural Gas

China's Sinopec Raises Daily Gas Supply by 10 million cu m to Cope with Cold Snap

Chinese state-owned oil and gas major Sinopec has increased daily natural gas supply to the north of the country by more than 10 million cubic meters in a bid t…

Energy Technology

China: New Sinopec Downstream Technology Process Developed

China's Sinopec has developed a steam-cracking technology to convert oil directly into high-demand petrochemical products such as ethylene and propylene, cuttin…

Natural Gas

Jonah, PureWest both Reach Natural-Gas Milestones

Separately, Jonah Energy and PureWest are announcing milestones in the privately held companies’ quests to market responsibly sourced natural gas.

Crude Oil

Biden Announces Global Effort to Ease Energy Costs

US president orders 50 million barrels of oil to be released from nation's strategic petroleum reserve

Oil&Gas Drilling

Lukoil Strikes Oil in Waters off Mexico

Russian oil and gas company Lukoil has made an oil discovery within the Yoti West structure at Block 12 located offshore Mexico.

Oil Price

Global Oil Prices Retreat in Face of Supply and Demand Pressures

Brent crude was down 56 cents, or 0.7%, at $78.33 a barrel at 1157 GMT and U.S. West Texas Intermediate crude fell 54 cents, or 0.7%, to $75.40.

Hydrogen Project

INNIO and Hyosung to Deploy APACs First 100% Hydrogen Power Plant

Austrian gas engine manufacturer INNIO has been selected by South Korea’s Hyosung Heavy Industries to provide its technology for a pilot hydrogen power plant t…