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Oil & Gas Supply

US Shale Oil Production Growth Revised Downward, Natural Gas Outlook Rises: EIA

The US shale oil production forecast was revised downward in March by 116,000 b/d, although it is now expected to hit the previous March projection in April, th…

Natural Gas

Exxon, BHP to Invest $291 Million to Expand Gas Output off Australia

Exxon Mobil Corp and BHP Group said on Thursday they will go ahead with a project to boost gas output from their Gippsland Basin Kipper field off southeast Aust…

Crude Oil

Oil PSUs Readying to Buy Discounted Russian Crude

Companies would make the move in a day or two after they achieve clarity on insurance, freight and payment for the Russian oil in view of the Western sanctions …

SMR

Ukraine, Climate, SMRs: EU and IAEA Nuclear Talks

The eighth European Union-International Atomic Energy Agency (IAEA) Senior Officials Meeting discussed opportunities to deepen cooperation in a range of areas, …

Coal Mine

US Coal Exports Increase 23% Between 2020 and 2021

According to the US Energy Information Administration (EIA), in 2021, coal exports from the US increased by 23% to 85 million short t from 69 million short t in…

Natural Gas

Petrobras Nears Agreement to Sell Bolivia-Brazil Gas Pipeline to EIG

EIG could pay between $500m and $1bn for Petrobras' stake in Transportadora Brasileira Gasoduto Bolivia-Brasil.

Ireland

Summer Energy Prices in Ireland to Remain Above Seasonal Average Until 2029

Research from Cornwall Insight has shown that gas prices across both Northern Ireland and the Republic of Ireland will vary significantly between the seasons, w…

Wind Turbine

Vestas Secures EnVentus Order in Portugal

Vestas has received a 42 MW order for several wind parks in Portugal.

Oil Price

WTI Crude Dives Below $100 on China Demand Concern

WTI crude dived more than five percent Tuesday to fall back below $100 a barrel as concerns about a possible slowdown in China's economy lead investors to rethi…

Hydrogen Project

Hydrogen Should Be Included in European Gas Reserve Plans

For the first time at an industry conference, Jorgo Chatzimarkakis, CEO of Hydrogen Europe, just unveiled his proposal for the European Commission to include hy…

Wind Power Project

Vestas Secures First Estonian Wind Project

Vestas has received a 21 MW order from Enefit Green AS’s subsidiary, Enefit Wind Purtse, for the Purtse wind project in Estonia, which represents Vestas’ mark…

Crude Oil

China's Jan-Feb Daily Crude Oil Throughput Falls to Lowest Since End-2020

China's daily oil processing rate dropped 1.1% in the first two months of 2022 from a year ago, to the lowest since December 2020, as independent refiners scale…

LNG

Dutch Limit Gas Production at Groningen Despite Energy Crisis

The Dutch state announced in 2019 that Groningen output would end by October 2022 to limit seismic risks in the region, with gas only to be extracted thereafter…

Coal Production

China's Jan-Feb Coal Output Jumps 10.3% for Winter Heating

China’s coal output rose 10.3% in the first two months of 2022 from a year earlier, after Beijing encouraged miners to ramp up production for the winter heatin…

Oil & Gas Trade

Iran Says US Has Failed to Stop Oil Exports

Iran said on Last Saturday that US attempts to seize its tankers and oil cargo had failed to stop exports that are subject to sanctions imposed by its arch foe.