Gas

Market Analysis

China's Coal Consumption Share Falls to 56.8% at End-2020

The rapid rollout of renewable-energy capacity and the growing use of natural gas has helped reduce the share of coal consumption from around 68% over the last …

Oil Price

Oil Prices Fall on Strong US Dollar and Supply Concerns

Brent and WTI are on track for gains of about 20% this month

Oil Field

Energean Proposes $500MM Carbon Storage Facility in Northern Greece

Energean Plc submitted a proposal to the Greek government to build a carbon dioxide storage facility and a hydrogen plant in northern Greece close to its old Pr…

Biobattery

BIOGEST to Build Biogas Plant in South Korea

BIOGEST received an order to build an agricultural and food waste biogas plant in the southern region of South Korea.

Oil Exploration

Seven Oil Players Apply for Production Licences off Norway

Seven oil and gas companies have applied for production licences in the 25th licensing round on the Norwegian shelf, Norway’s Ministry of Petroleum and Energy …

LNG

Global LNG Demand Expected to Almost Double by 2040

Global liquefied natural gas demand is expected to almost double to 700 million tonnes by 2040, Royal Dutch Shell said in its annual LNG market outlook.

Thermal Plant

Southern Power Generation’s Track 4A Plant Begins Operations in Malaysia

Southern Power Generation’s Track 4A Power Plant in Pasir Gudang, Johor, Malaysia has started commercial operations.

Crude Oil

Oil Prices Reach One-Year High As Global Crude Supplies Shrink

Oil surged to the highest in more than a year as the market looks ahead toward an accelerating decline in global inventories and a comeback in demand.

Crude Oil

OPEC+ Considers Production Increase At March Meeting

OPEC+ will discuss the possibility of increasing its oil production levels at the next meeting, OPEC+ sources said on Wednesday.

LNG

Thailand’s January LNG Imports Fall to Three-Year Low

Thailand's LNG imports hit a three-year low in January, with no receipts from its usual suppliers Australia and Malaysia, even as one of its biggest importers Q…

Oil Field

Equinor to Shut Down Veslefrikk Field after 30 Years

After more than 30 years on stream and over 400 million barrels of oil equivalent, Equinor and its partners in the Veslefrikk field, located in the North Sea, a…

Oil&Gas Drilling

Petronas Hits Oil Offshore Indonesia

Malaysian energy giant Petronas has made an oil discovery at the Hidayah-1 exploration well, located within the North Madura II Production Sharing Contract, off…

Hydrogen Project

Gigascale Green Hydrogen Plant Planned for Northern Sweden

A gigascale green hydrogen plant will be built in northern Sweden as part of €2.5bn plans unveiled today to produce fossil-free steel at a leading cost positio…

Gas turbine engine

Siemens Energy to Supply F-Class Gas Turbines to Chinese CHP Project

Siemens Energy has reached an agreement with Guangdong Energy Group to provide F-class gas turbine island equipment for the Zhaoqing Dinghu Combined Heat and Po…

Natural Gas

Turboden and Siemens Energy Upgrade Gas Compressor Station in Egypt

Turboden, a Mitsubishi Heavy Industries Group company, has been selected to supply a high-temperature Organic Rankine Cycle system to GASCO’s Dahshour gas comp…