Oil

Natural Gas

Israel Signs Deal to Export Natural Gas to EU

The MoU also require the parties to reduce emissions.

Hydrogen Project

Oil Giant BP Swoops for Largest Stake in $36BN Green Hydrogen Mega-Project in Australia

Supermajor to take 40.5% share and lead operation of 26GW Asian Renewable Energy Hub in Western Australia

LNG

Norway’s Equinor Strikes LNG Purchase Deal With Cheniere

The 15-year sales and purchase agreement will add around 1.75m tonnes of LNG per year to Equinor’s portfolio of pipeline gas and LNG.

Energy Security

Lithuania Seeks to Cut Ties With Russian Grid Earlier

Lithuania’s President said the fastest decoupling would increase the energy security of the Baltic countries.

Natural Gas

EU Sees a New Energy Future for Europe

Russian gas is increasingly being shunned and the EU has declared that it envisions a future without the Kremlin's primary bread-winner: natural gas.

LNG

LNG Outage Exacerbates Supply Woes Amid Asian Restocking, Firm European Demand

If the tightening gas supply situation in the light of the Russia-Ukraine war was not enough to roil the LNG markets globally, the shutdown of the Freeport LNG …

Oil&Gas Drilling

Biden: “Exxon Made More Money Than God This Year”

The US President has slammed the oil sector over huge profits amid the energy crisis.

LNG

Ukraine Signs Deal to Buy LNG, Green Hydrogen From Quebec

Ukrainian state oil and gas company Naftogaz has announced a deal to buy liquefied natural gas (LNG) and green hydrogen from Quebec, beginning in just five year…

Oil & Gas Supply

South Korea Asks UAE for Stable Oil, Gas Supply

They are gearing up for energy and tech cooperation.

LNG

Oman’s LNG Output Surges to a Record 10.6 Million Tonnes in 2021

State-backed company's revenue rose to $3bn amid recovery of global energy markets

LNG

France’s TotalEnergies Signs Deal to Develop Giant Gas Field in Qatar

State-owned QatarEnergy will hold 75% stake in the North Field East project

Oil Price

Boris – Fuel Prices to Remain High for a While to Come

The plan to boost offshore wind and nuclear will be “immensely beneficial” for Britons, the Prime Minister has said.

Natural Gas

Petroecuador Opens Tenders for Offshore Field, Refinery Modernization

Ecuadorean state-run oil company Petroecuador on Thursday announced two auctions, hoping to attract private company bids for a flagship offshore natural gas fie…

Oil & Gas Supply

Exxon Passes $100 Mark for First Time Since 2014

ExxonMobil stock saw a more than 2% boost in share prices on early Wednesday trading, marking a significant comeback for an oil giant that has recently fallen o…

LNG

U.S. Natural Gas Prices Drop After Explosion at Freeport LNG Terminal

An explosion at a liquefied natural gas (LNG) export terminal in Texas has sent natural gas prices downward as emergency crews respond and details continue to f…