Oil

Saudi Arabia, UAE Boosting Output, Working on Clean Hydrogen -Saudi Energy Minister

Saudi Arabia and the United Arab Emirates, two of the world's biggest oil producers, are boosting output and refining and working on clean hydrogen.

Natural Gas

Germany Set to Attach Conditions to Gas Price 'Brake', Sources Say

The German government is likely to insist companies that benefit from a planned "brake" on gas prices meet conditions.

LNG

QatarEnergy Names ConocoPhilips Partner for LNG Expansion Project

QatarEnergy's chief executive on Sunday named ConocoPhillips (COP.N) as the third and final partner on the Gulf Arab state's North Field South expansion, part o…

Oil Field

Pioneer Natural Resources to Increase Return Targets for Oil Wells

U.S. shale oil producer Pioneer Natural Resources will reshuffle its drilling portfolio next year to target wells with potentially higher returns, a move to boo…

Natural Gas

U.S. Natgas Futures Falls 3% on Mild Weather Forecasts

U.S. natural gas futures fell about 3% on Friday on record output and forecasts for mild weather and low heating demand through mid November, which should allow…

Natural Gas

European Natural Gas Prices Fall Amid High Storage Levels and Warm Weather

Concerns are growing about the continent's ability to meet 2023 demand as Russian supplies dwindle.

Oil&Gas Drilling

Indonesia’s Pertamina Starts First Underground Carbon Injection Tests

Indonesia's Pertamina launched its first underground carbon injection tests this week, as the state energy firm seeks to cut carbon emissions while increasing o…

LNG

SG, Japan Ink MOC to Boost LNG Supply Chain

It will augment energy security for the market’s decarbonisation target.

Natural Gas

Europe’s Gas Use Down in September as High Prices Hit Industry

Europe slashed its gas use in August and September as industries cut production in response to soaring prices and scarce Russian supply, although the cuts were …

LNG

LNG Ships Play Waiting Game off Spain’s Coast as Higher Prices Eyed

Several ships carrying liquefied natural gas (LNG) anchored off Spain's Bay of Cadiz are likely to stay there until late November in anticipation of a rise in E…

Oil Price

Italy’s Windfall Tax on Energy Companies Needs to Be Rewritten - PM

Italy needs to rewrite its windfall tax on energy companies that have benefited from surging oil and gas prices, Prime Minister Giorgia Meloni told parliament o…

LNG

TotalEnergies Clocks $9.9 Bln Profit in Q3, Books New Russian Impairment

TotalEnergies posted a sharp jump in its third quarter net profit compared with a year ago, as it joined other energy giants in its sector to have benefited fro…

Crude Oil

World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022

The World Bank has predicted that energy prices will decline by 11% in 2023 after having surged 60% in the current year following the war in Ukraine.

Guyana

Exxon Makes More Oil and Gas Discoveries Offshore Guyana

U.S. oil and gas major Exxon Mobil has announced on Wednesday that it has made two more discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block of…

Egypt

Egypt Oil Min Says Framework Agreement in Place on Gaza Marine Field

Egypt's petroleum minister confirmed on Tuesday a framework agreement had been reached to develop the Gaza Marine gas field offshore Gaza and talks were under w…