Gas

Oil Price

Russian Domestic Oil Prices Soar to All-Time High

Traders said oil for July delivery at the regional metering points jumped to between 36,700-37,100 roubles per tonne, up from 32,900-33,600 roubles a month earl…

Natural Gas

Siemens Energy Selected for Canadian Carbon-Neutral Gas Projects

Technology company Siemens Energy has been selected to provide various services for the implementation of carbon-neutral natural and liquefied gas energy projec…

Oil&Gas Drilling

BP Starts up Manuel Project in Deepwater Gulf of Mexico; 20,100 boe/d

bp announced the safe start-up of the Manuel project in the US Gulf of Mexico, the fourth of five major projects expected to be delivered globally in 2021.

Hydrogen Project

HyNet, InterGen to Develop Zero Carbon Power Plant that Blends Hydrogen and Natural Gas

HyNet North West and InterGen, an independent power producer, have released plans to collaborate on the creation of a zero-carbon power station that blends hydr…

Net Zero Emission

Schlumberger Commits to Reaching Net-Zero by 2050

Giant oilfield services provider Schlumberger is the next company in line to commit to achieving net-zero greenhouse gas emissions by 2050.

Market Analysis

Biden's Silence on Minnesota Oil Pipeline Frustrates Advocates

Line 3, a comparable project to the canceled Keystone XL pipeline, runs counter to the president's stated climate and environmental goals.

OPEC

OPEC+ Discussing Gradual Oil Output Rise from August

The talks mean that OPEC and Russia are likely to find common ground again on oil production policy

Crude Oil

Oil Giants See Crude at $100/barrel on Supply Side Constraints

Global oil markets had one of the most turbulent years in history last year with the coronavirus pandemic sending prices crashing

Crude Oil

Brent Rallies Close to $76 as Markets Remain Tight

Oil also gained from a projected drawdown of US crude inventories

Oil & Gas Trade

Gazprom Plans to Supply 8.5 billion cubic meters of Natural Gas to China This Year

Gazprom said that it plans to supply 8.5 billion cubic meters of natural gas to China this year and double its income from natural gas exports to China.

Oil Field

Iran Kickstarts Production At Giant Offshore Oilfield

Iran has started pumping oil at a giant new reservoir at the offshore Abuzar oilfield in the Gulf.

Market Analysis

German Gas Grid Operators See Big Role for Hydrogen

TSOs’ scenario framework report for 2022-2032 includes study of 500 projects across Germany

Natural Gas

Environmental Knowledge and Solutions Initiative: GECF Explores Consensus on Methane Emissions

It exists in abundance on Earth and has even been found on other planets, including Mars, but this major force of life – methane – can also harm the environme…

Oil Field

Bitcoin Fracking Turns Waste Gas to Digital Gold in Bakken Oil Field

Natural gas produced as a byproduct in Bakken oil production is often flared as waste. Near Sidney, Montana, one company is converting it to cryptocurrency inst…

Energy Transition

Japan Pledges $10 billion Financial Support for Asia’s Energy Transition

Japan on Monday pledged to offer $10 billion financial aid for decarbonisation projects in Asia, such as renewable energy, energy-saving and conversion to gas-f…