Gas

Crude

Australia Inks Deal With U.S. for Access to Strategic Petroleum Reserve

Australia said it will sign a deal with the U.S. this week giving it access to crude oil from to America’s Strategic Petroleum Reserve during an emergency.

Oil & Gas Trade

Aramco Shares Fall 9%; Below IPO Price for First Time as OPEC Pact Unravels

Shares of Saudi state oil company Aramco (2222.SE) slumped below their initial public offering (IPO) price on Sunday for the first time since they began trading…

Oil Price

Oil Prices Dive as Saudi Arabia Takes Aim at Russian Production

Russia on Friday rejected an agreement with OPEC on cuts in oil supplies to bolster prices.

Oil Price

Wall Street Oil Outlook Crumbles as Goldman Sees Contraction

Goldman Sachs Group Inc. became the first major Wall Street bank to anticipate that global oil demand will contract in 2020 for only the fourth time in nearly 4…

Oil & Gas Trade

Saudi Arabia to up Oil Production after Opec Deal Falls Through

World’s largest oil exporter Saudi Arabia is planning to ramp up production to nearly 11m barrels a day in April after the three year alliance between oil cart…

GE Achieves Battery-Enabled Blackstart of Heavy Duty Gas Turbine

General Electric (GE) has for the first time achieved blackstart of a GE heavy-duty gas turbine using battery energy storage.

Oil & Gas Trade

Kazakhstan in Talks with PetroChina after Force Majeure on Gas Supplies

Kazakh natural gas exporter Kaztransgas is discussing further gas supplies with PetroChina after it issued a force majeure notice citing the coronavirus outbrea…

Crude

OPEC’s Pact with Russia Falls Apart, Sending Oil Into Tailspin

A three-year honeymoon between OPEC and Russia ended in acrimony on Friday after Moscow refused to support deeper oil cuts to cope with the outbreak of coronavi…

Oil & Gas Trade

CNOOC Has Fully Resumed, Recovering From the Effect of Coronavirus

On March 6, the reporter learned from China National Offshore Oil Corporation that, with full coordination efforts, up to now, CNOOC's projects under constructi…

Australian Green Hydrogen Strategy will Include “Gigawatt” Plans for Gladstone

The state of Queensland has unveiled its new plan where coal and gas were traditionally sourced.

Wärtsilä to operate 378MW gas power plant in El Salvador

Finnish technology group Wärtsilä has agreed to operate and maintain Energía del Pacífico’s 378MW power plant in El Salvador.

Oil & Gas Trade

OPEC+ Stuck Yet Again as Saudi Arabia and Russia Disagree on Output Cuts

The OPEC+ found itself stuck yet again, after a day of talks that ended with its two most important members split over whether they should deepen production cut…

Oil & Gas Trade

Saudis Lobby for Million-Plus-Barrel OPEC Cuts, Extending Oil’s Gains

Oil rose for a third day after Saudi Arabia pushed for a deeper output cut than OPEC’s technical committee recommended a day earlier.

Market Analysis

GE Power: Gas Turbine Market Stabilizing

GE Power sees the gas turbine market stabilizing, in part because of the growing accessibility to natural gas around the globe.

Gas power plant

Uzbekistan Seeks Investors for 1,500 MW Gas Power Plant

Uzbekistan on Wednesday invited foreign companies to take part in a project to build a 1,500 megawatt (MW) gas power plant in what it wants to become the bigges…