Gas

Natural Gas

Gas Demand Surging Toward Record

Forecasts agree this year may see 6-8% rise to reach around 360 billion cubic meters of fuel.

Crude Oil

Sudan, South Sudan Reach Deal to Ramp up Oil Production to 300,000 BPD

South Sudan and Sudan have reached a deal to increase oil production from the current 170,000 barrels per day to 300,000 BPD within the next three years from 20…

Crude Oil

OPEC Sees Oil Demand Rise To 95.9 Million Bpd In 2021

Global oil demand is set to rise by 5.9 million barrels per day (bpd) in 2021 from an estimated average demand of 90 million bpd in 2020, OPEC said on Thursday

Net Zero Emission

PepsiCo Aims for Net-Zero Greenhouse Gas Emissions by 2040

The Doritos chips and Tropicana juice maker said it would initially cut greenhouse gas emissions from its operations by 75 per cent and by 40 per cent in areas …

Oil&Gas Drilling

ReconAfrica Commences Drilling Operations in Kavango Basin

Reconnaissance Energy Africa Ltd. has commenced drilling operations on the first well (6-2), of an initial three well program, in the deep Kavango Basin in the …

Energy Infrastructure

Neptune Energy Awards $6.5M Contracts for Cygnus Gas Facility

Neptune Energy has announced the award of integrity management and fabric maintenance contracts for its operated gas production platform, Cygnus, to Oceaneering…

Natural Gas

Sinopec, SIBUR Set up Joint Venture

SIBUR and Sinopec will hold respective interest in the joint venture in the amount of 60 percent and 40 percent.

Coal Trade

German Coal Moves Ahead of Gas for February

A spike in German NCG gas prices in recent sessions has depressed clean spark spreads for February, pushing more coal ahead of gas in the merit order.

Oil Price

Hike in Petrol, Diesel Rates after Global Oil Price Jump

Accordingly, in the national capital, petrol was sold at the new record high level of Rs 84.45 from the previous days of Rs 84.20 a litre while diesel price inc…

Crude Oil

PetroChina's Overseas Oil and Gas Equity Production Exceeded 100 million tons

This is another 100 million tons after the overseas oil and gas equity production equivalent exceeded the 100 million tons mark for the first time in 2019.

Market Analysis

Coronavirus Causes Largest U.S. Greenhouse Gas Emissions Drop Since World War Two

The economic fallout from the uncontrolled spread of COVID-19 - especially in big emitting sectors like transportation, power and industry - resulted in a sharp…

Flammable Ice

China: Qingdao Made New Progress in the Field of Flammable Ice Mining

This is where Qingdao Haiti has once again made new progress in the research field of new methods of natural gas hydrate (flammable ice) mining.

Natural Gas

New Catalyst Can Make Natural Gas Burn Cleaner

Natural gas is the cleanest traditional fossil fuel source because it produces relatively low amounts of pollutants like carbon dioxide -- a potent greenhouse g…

Oil&Gas Drilling

Paradigm Drilling Services and Toolserv form Strategic Alliance

Paradigm Drilling Services, part of the Paradigm Group headquartered in Groot-Ammers, Holland, have announced their strategic alliance with Stavanger-based oil …

Crude Oil

Iran Signs 8 more Oil Projects as Part of plan to Boost Output by 355,000 b/d

The National Iranian Oil Co. on Jan. 11 signed eight more oil projects as part of a $6.2 billion national program started in January 2019 to boost oil productio…