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Gas
Oil Field
L&T Secures Contract to Build Large Oil & Gas Supply Bases in Saudi Arabia
The company said that the project involves constructing industrial facilities of different sizes, an administration building, ancillary buildings, associated in…
Carbon Emissions
Biden Commits to halve US emissions by 2030
Target picks up the pace of reductions while supporting existing goal for a carbon-free power sector by 2035
Joe Biden
President Biden’s 50% Emissions Reduction Target Is Political Theater, Not Serious Policy
At the 2021 global climate summit, President Biden committed the U.S. to cut its greenhouse gas emissions in half by 2030.
Oil Refinery
PetroChina’s Jieyang Refinery Plans Start-up Next Year
Chinese state-controlled firm PetroChina's under-construction 400,000 b/d Jieyang refinery in south China's Guangdong province is targeting a start-up in the fi…
Crude Oil
Rystad Energy Sees Oil Demand Peaking In 2026
The accelerating adoption of electric vehicles and electrification in other oil-consuming sectors is set to bring peak oil demand as early as 2026 at 101.6 mill…
Crude Oil
OPEC+ Unlikely To Drastically Change Oil Pact Next Week
The OPEC+ group is unlikely to make any material changes next week to the plans to ease the production cuts over the next three months.
Oil Price
Angola May Privatize State-Owned Oil Firm To Boost Production
OPEC member Angola was Africa’s top oil producer six years ago when oil prices crashed in 2015-2016, slashing oil-producing countries’ revenues and forcing in…
Thermal Plant
Stone City Energy to Build Power Plant in Uzbekistan
Uzbekistan's Ministry of Energy has signed a $1.2bn deal with Dutch-registered company Stone City Energy for a gas turbine power plant.
LNG
Japan Backs LNG Project Financing Ahead of Biden Climate Change Summit
State-owned Japan Oil, Gas and Metals National Corporation said April 20 that it will step up financial support for LNG projects and enhance its market informat…
Oil & Gas Trade
Japan Eyes Vietnam for ASEAN Oil-Sharing Deal
Japan is targeting Vietnam for what will be its first oil-sharing deal with a Southeast Asian nation as Tokyo attempts to ensure an uninterrupted supply of petr…
Hydrogen Technology
SoCalGas and H2U Technologies Test Green Hydrogen Technology
Electrolysers use electricity to split water into its components—oxygen and hydrogen.
Oil & Gas Trade
World’s Largest Oil Trader Expects Strong Demand Rebound This Year
Global oil demand is set for a rebound between now and the end of next year, with consumption expected to rise from current levels by as much as 8 million barre…
Crude Oil
China Cuts Saudi, Russia Crude Imports in March
China imported less crude from top suppliers Saudi Arabia and Russia in March compared to a month earlier, while boosting arrivals from Brazil and the UAE, cust…
Oil Price
US Oil Surges Above $64 on Anniversary of Sub-Zero Plunge
Prices have since added more than $100 per barrel, following production cuts by Opec+ as well as resumption of mobility
Oil Field
Iraq Awards China’s Sinopec Contract to Tap Natural Gas Resources
China’s state-run Sinopec energy company won a deal to develop a major gas field in eastern Iraq.
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