Gas

Carbon Neutral

Malaysia's Energy Giant Petronas Targets Net Zero Emissions by 2050

Malaysian state-owned energy giant Petroliam Nasional Berhad, or Petronas, said on Thursday it aims to become a net zero emitter of greenhouse gases by 2050 and…

Oil Price

Oil Price Headed up Towards $50 per Barrel in 2021: S&P Global Platts

Brent crude, the global benchmark for oil prices, is likely to remain around $40 per barrel in the rest of the current calendar year but could be headed towards…

Oil Pipeline

The Point: Russia Opens Huge Natural Gas Pipeline Linking China

Russian natural gas has begun to flow into China. But how will it affect Russia's relations with the West – and is it even enough to satisfy China's energy nee…

Oil Price

Oil Prices Jump On Large Crude Inventory Draw

The Energy Information Administration reported a day after the American Petroleum Institute estimated an 8-million-barrel draw that pushed oil prices higher.

LNG Carrier

PGNiG Group Contracts Ships for Transporting US LNG

Chartered gas carriers will be used for trading LNG contracted by PGNiG with American suppliers.

Oil&Gas Drilling

Shell Takes Stakes in Transkei & Algoa Blocks Offshore South Africa

Under the terms of the farm-out agreement, Shell will acquire a 50% working interest in the Transkei & Algoa blocks and operatorship.

Microgrid

SEforALL Backs Mini-Grid Deployment in Sierra Leone and Madagascar

The Universal Energy Facility, a results-based financing facility managed by Sustainable Energy for All, is now open – with its first wave devoted to supportin…

Oil & Gas Trade

Saudi Gas Production Jumps To Record

Saudi Arabia produced a record volume of natural gas earlier this year, the Kingdom’s state oil giant Aramco said in its Q3 results release on Tuesday.

Italy

Enel Announces New 2030 Gas Emissions Reduction Target

Italian multinational energy company Enel has committed to an 80% reduction in its direct greenhouse gas emissions per kWh by 2030, from a 2017 base-year.

Oil & Gas Trade

French Company Abandons Plans to Import US Gas

The company had been in talks on a nearly $7 billion contract to supply LNG from a liquefaction facility that NextDecade plans to build in Texas to use the ampl…

Oil Field

Sudan to Start Producing Oil at Al-Rawat Oilfield within Two Weeks

Sudan has been trying to lift oil production to lower costly fuel imports after losing 73% of oil output when South Sudan seceded in 2011.

Oil&Gas Drilling

Nigerian Operator Produces First Oil from Shallow-Water Project

Nigerian operator First E&P has started oil production from a shallow-water project located offshore Nigeria through the Abigail-Joseph FPSO.

Oil Price

Qatar to Base State Budget on Oil at $40 per Barrel, Emir Says

Qatar's budget will be drawn up on the assumption of an oil price of $40 a barrel to shield the gas-rich Gulf country from oil prices volatility, Qatar's Emir s…

Air Products to Showcase Advanced Technologies, Equipment and Solutions

Air Products (NYSE: APD), a world-leading industrial gases company serving the China market for 33 years, will exhibit for the first time in the 3rd China Inter…

Market Analysis

Five Key Climate Metrics for the Oil and Gas Sector's Next Five Years

It’s an unforgiving time to navigate the choppy waters of oil and gas investment. Demand destruction from the COVID-19 pandemic has eroded earnings, dented div…