Gas

Natural Gas

Proved Gas Reserves in U.S. Grow To 625.4 Tcf

Proved reserves of natural gas in the United States grew to a new record of 625.4 trillion cubic feet (Tcf) in 2021, the latest year in which full statistics ar…

Oil & Gas Trade

Petronas Divests Entire Interest in Engen

Petronas has reached an agreement to sell its entire 74 percent interest in Engen Limited to Vivo Energy, one of the largest African fuel retail operators and p…

Oil&Gas Drilling

BP Conducts New Drilling Operation in Azerbaijan for First Time

In 2022, bp spent about $470m in operating expenditure and $1.6bn in capital expenditure on ACG activities, Azernews reports, citing a bp press release.During t…

Oil Price

Producers See Oil Rebound to $100 a Barrel

A view shows the Yan Dun Jiao 1 bulk carrier in the Vostochny container port in the shore of Nakhodka Bay near the port city of Nakhodka, Russia. — ReutersLOND…

Oil Price

Russia proposes caps on oil export discounts -draft law

Image used for illustrative purpose only. A view shows a local oil refinery in Omsk, Russia June 6, 2022. Picture taken June 6, 2022. REUTERS/Alexey Malgavko Im…

Oil Exploration

Egypt Plans 3 Tenders for Oil and Gas Exploration, Production in 2023 -Minister

Flames rise from an oil refinery in Cairo, May 6, 2008. Image used for illustrative purpose.Reuters Images/Nasser NuriEgypt plans to offer three international t…

Oil Price

Oil Prices Rise Over 2% On Russian Plan to Cut Output

Doha: Oil prices rose more than 2 percent on Friday as Russia announced plans to reduce oil production next month after the West imposed price caps on the count…

LNG

Seaside LNG Becomes Largest Owner of LNG Barges in US

Seaside LNG has acquired the liquefied natural gas fueling barge Clean Jacksonville from TOTE Maritime Puerto Rico, LLC, a subsidiary of TOTE Group.Seaside now …

United States

Biogas produced with waste from apple juice production can minimize use of fossil fuels in industry

Scientists at the State University of Campinas (UNICAMP) and the Federal University of the ABC (UFABC) in São Paulo state, Brazil, have successfully prod…

Hydrogen Technology

New Injector Makes Gas Injection System for Internal Combustion Engines More Efficient

Zero-emission hydrogen engines, like all internal combustion engines, require a mixture formation system, i.e. a system for metering the fuel, in this case hydr…

Oil Pipeline

USA EIA Reveals Latest Gasoline and Diesel Price Forecasts

The U.S. Energy Information Administration (EIA) has revealed its latest gasoline and diesel price forecasts for 2023 and 2024 in its February short term energy…

Energy Saving

New Superalloy Could Cut Carbon Emissions From Power Plants

As the world looks for ways to cut greenhouse gas emissions, researchers from Sandia National Laboratories have shown that a new 3D-printed superalloy could hel…

Market Analysis

North America Dominates the Global Shale Oil Market by Producing 50% Of the Total Market for Shale Oil; Learn About Market Drivers & Restraints.

The current market is growing at a moderate pace by registering a healthy CAGR during the foreseen time. The rising consumption of shale oil and growing end-use…

Oil and Gas Equipment

Petrogas Picks Umbilicals Provider for North Sea Gas Fields

JDR, part of TFKable Group, has secured a contract from Petrogas E&P Netherlands for the supply of two umbilicals for offshore conventional gas fields in the Ne…

Oil Price

Oil Prices Steady as Build-up in Us Crude Stocks Eases Supply Fears

Workers on an oil drilling rig in Stanton, Texas. US crude stocks increased by 2.4 million barrels last week, the US Energy Information Administration said. AFP…