Gas

Net Zero Emission

New Calculation Method for Emission Reduction Path Could Help Achieve the Paris Climate Target

The central aim of the Paris climate agreement is clear: Limiting man-made global warming to well below 2 °C. This limit requires a reduction in greenhouse gas…

Crude Oil

Adnoc and Malaysia's Petronas Join Forces on Abu Dhabi’s Unconventional Onshore Block 1

Award to Malaysia’s national oil and gas company launches Middle East’s first unconventional oil concession

Smart Meter

SIT and GWF Partner to Develop Residential Smart Water Meters

Italian meter developer SIT is partnering with Switzerland-based GWF on new ultrasonic water meters and is introducing other new water and gas smart meters.

Natural Gas

Netherlands Proposes EU Gas Price Cap for State-Backed Buyers - Document

The Netherlands has weighed into the European Union's debate on whether to cap gas prices with an alternative proposal that would cap gas prices but only for go…

Natural Gas

Eastward Gas Flows via Yamal-Europe Pipeline Fall to Zero

Eastbound gas flows through the Yamal-Europe pipeline to Poland from Germany fell to zero on Monday morning, while Russian supplies to Europe via Ukraine inched…

Oil Price

Saudi Arabia Cuts Oil Prices to Asia to 10-Month Low

Saudi OSPs to Asia hit 10-month low amid slowing physical demand.

Natural Gas

European Gas Consumption Is 24% Below the Five-Year Average

Europe’s natural gas demand in November fell by nearly a quarter compared to the five-year average for the month.

Oil Refinery

Lukoil Says Its Italian Refinery Will Continue Operations After EU Embargo

Lukoil said on Friday that it is ready to ensure continued operations at the site after the EU embargo on imports of Russian crude by sea takes effect on Decemb…

Crude Oil

Poland Approves $60 G7 Oil Price Cap

Poland has agreed to a $60 price cap on Russian crude oil, Poland’s Ambassador to the EU, Andrzej Sados, said on Friday.

Crude Oil

Aker BP to Invest $19 Billion in Offshore Oil Projects in Norway

Norway’s oil and gas firm Aker BP approved plans to invest $19 billion in developing new projects offshore Norway by 2028, raising its initial capital expendit…

Energy Storage Battery

Major Energy Players Seal Big Deals for Renewables

The world’s oil and gas majors, along with some of the largest utility companies, continue to invest in renewable energy as they develop diversified power gene…

Crude Oil

Nigeria to End Imports of Petroleum Products in 2023

Nigeria—a major petroleum products importer—expects to stop importing petroleum products starting in the third quarter of next year, Nigeria’s oil minister T…

Natural Gas

Germany’s Largest State Declares Emergency Amid Energy Crisis

North Rhine-Westphalia, the biggest state in Germany in terms of economy and population, has declared an emergency situation amid the energy crisis in order to …

Natural Gas

Eni Holds Preliminary Talks to Buy UK Gas Producer for up to $6 Billion

Italian energy major Eni has held preliminary talks to potentially buy UK-based gas-focused producer Neptune Energy for up to $6 billion, Reuters reported on We…

Natural Gas

Saudi Arabia Makes More Unconventional Gas Discoveries

Saudi Arabia’s oil giant Aramco has discovered two unconventional natural gas fields in the eastern part of the country.