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Natural Gas
Adnoc Signs 10-Year Gas Supply Agreements with Emirates Steel and Arkan
Adnoc has the potential to produce 11 billion cubic feet of natural gas and over 1 billion cf of sour gas per day
Oil Shale
High Profile Merger Creates A New $17 Billion Shale Giant
Cabot Oil & Gas Corporation and Cimarex Energy announced on Monday another merger in the U.S. shale patch in an all-stock merger of equals that would result in …
Oil Pipeline
Tanzania, Uganda Finalize Oil Pipeline Deal
Tanzania and Uganda have signed a fifth and final government agreement that will greenlight the construction of a $3.5-billion pipeline that will carry crude pu…
Energy Investment
RWE and BASF Plan $4.9 billion Wind Power Project
Chemicals giant BASF and German utility RWE on Friday announced a potential 4 billion euro offshore wind power project to cut emissions at Germany’s most energ…
Oil Refinery
Australia To Keep Viva & Ampol Refineries Operating
Australia has agreed to pay its last two oil refineries up to A$2.3 billion through 2030 to keep the struggling plants open and protect the country's fuel secur…
Oil Field
Iran to Award $1.8 Billion Gas Field Contract to Local Company
Iran’s Petropars Ltd. will be awarded a $1.78 billion contract by the National Iranian Oil Co. to develop the giant Farzad-B gas field that was previously inte…
Market Analysis
Geothermal Energy Market to Hit $50 billion by 2027
The geothermal energy market value is set to cross $50 Billion by 2027.
Market Analysis
Potential and Benefits of Blue Ammonia As a Clean Fuel of the Future
According to the latest edition of the GECF Global Gas Outlook 2050, the demand for natural gas is expected to increase by 50% from 3,950 billion cubic metres i…
Oil Field
Keppel Snatches Contract to Build FPSO for World’s Largest Deepwater Oil Field
Brazilian oil and gas giant Petrobras has signed a $2.3 billion worth contract with Keppel Shipyard to build the P-78 FPSO, the seventh unit to be installed in …
Energy Subsidies
Dutch Govt Grants $2.4 billion in Subsidies to Huge Carbon Storage Project
Shell and Exxon requested the subsidies in January together with industrial gas suppliers Air Liquide and Air Products
Hydropower Plant
Hydropower Can Help States Afford to Meet Net-Zero Emissions Targets by 2050
The Commonwealth of Massachusetts recently passed a climate bill that sets a target of net-zero emissions for the state by the year 2050.
Oil Refinery
Sinopec Q1 Net Profit $2.9 bln, Refinery Output Surges 16 per cent
Asia's top oil refiner, also known as Sinopec, posted a 19.15 billion yuan loss during the same period last year under international accounting standards, as th…
Russian Federation
Gazprom Says Net Profits Slumped in 2020 Amid Pandemic
The state-controlled group scored net profits of 135 billion rubles in 2020 compared with 1.203 trillion rubles in 2019.
Natural Gas
PetroChina Posts Best Quarterly Profit in Seven Years
PetroChina's first-quarter revenue was up 8.4 per cent at 551.9 billon yuan, it said in a filing to the Hong Kong Stock Exchange
Gas power plant
Millennium Proposes $15 B LNG-to-Power Project in Vietnam
Millennium Energy Vietnam, a member of the U.S.-based Millennium Petroleum Group, has proposed to develop a $15 billion LNG project in Soc Trang province.
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