Gas

Combined cycle power plant

EDF Consortium Wins Tender for Combined Cycle Plant in Uzbekistan

Uzbekistan’s Ministry of Energy has announced that a consortium of Électricité de France, Nebras Power and Sojitz Corporation has won a tender to build a com…

Oil Field

Repsol Shuts in Yme Field Only Weeks After Start-Up

Spanish oil and gas company Repsol has been forced to halt production from its Yme field off Norway, less than a month after the oil production started.

Natural Gas

BHP, Woodside Agree on $12 billion Australian Gas Project

BHP Group and Woodside Petroleum Ltd. approved investment in a $12 billion Australian gas project as the companies also confirmed details of a merger to combine…

Crude Oil

OPEC Considers Lowering Production to Account for Oil Reserve Releases

OPEC and its allies may re-evaluate plans for reviving oil supplies if the world’s four largest consuming countries go ahead with a co-ordinated release of the…

Crude Oil

Colombia Desperately Needs To Ramp Up Its Oil Production

The COVID-19 pandemic has taken a particularly harsh toll on Colombia’s economically-dependent oil and gas industry.

Oil & Gas Trade

Saudi Retains Top Spot Among China Oil Suppliers

Saudi Arabia has remained China’s number-one crude oil supplier.

Oil Field

Iran, Azerbaijan Eye Joint Development of Oil and Gas Fields in Caspian Sea

Iran and Azerbaijan, members of the OPEC+ alliance, are looking at finalizing "soon" a number of energy deals, including joint development of an oil field in th…

Oil Refinery

Refinery Closures About To Happen In Europe

Shell plans to end crude processing at the Wesseling site within the Rhineland refining complex in 2025 as the facilities are repurposed for non-fossil fuel fee…

Oil Price

Japan PM Confirms Oil Reserves May Be Released to Curb Prices

Japan is considering releasing oil from its reserves for the first time to curb surging oil prices.

Crude Oil

OPEC+ Pumped Less Oil Than Agreed In October

The OPEC+ group’s compliance rate with the oil production cuts rose to 116 percent in October from 115 percent in September,

Crude Oil

China Begins Releasing Oil from Its Strategic Reserves

China is releasing some oil from its strategic reserves days after the U.S. invited it to participate in a joint sale, suggesting the world’s two biggest oil c…

Crude Oil

EIA Sees Brent Oil Price Falling To Average $72 In 2022

EIA: Crude oil prices are set to decline next year from the current levels of around $80

Solar Power Plant

Ireland Cites Need for 1.9 GW more Solar This Decade to Stay on Track for Net Zero

Although wind power dominates the renewables scene in the Republic of Ireland and the North – and even natural gas has a bigger role to play – the grid compan…

Natural Gas

Lukashenko would not Dare Cut Gas Supplies to EU without Kremlin’s Permission

Belarus’ authoritarian President Alexander Lukashenko threatened to cut gas supplies to Europe transiting his country if the European Union imposed further san…

LNG

South Korea Dominating Global Floating Liquefied Natural Gas Facility Market

South Korea is dominating the global floating liquefied natural gas facility market.