Gas

Saudi Arabia

Saudi, Iraqi Energy Ministers Meet, Review Oil Markets

The energy ministers of Saudi Arabia and Iraq met on Thursday and stressed the importance of adhering to OPEC+ output cuts that last until the end of 2023.

Germany

Germany Is Not Blocking EU Energy Solution but Is 'Sceptical', Minister Says

Germany is not standing in the way of the European Union's solution to the energy crisis, Economy Minister Robert Habeck told the Handelsblatt daily on Thursday…

Natural Gas

UK to Set Out More Energy Reforms ‘Very Soon’: Hunt

Britain's government plans to announce reforms to the country's energy market "very soon", finance minister Jeremy Hunt said on Wednesday, after lawmakers blame…

LNG

QatarEnergy to Supply 4 Million Tonnes of LNG to Sinopec

The deal will be in place for 27 years.

Natural Gas

EU Executive Proposes Gas Price Cap at 275 Euros/MWh

The European Union executive on Tuesday proposed a gas price cap for the bloc at 275 euros ($282) per megawatt hour for month-ahead derivatives on the Dutch exc…

Oil Refinery

BP Says Rotterdam Refinery Remains Shut In Dispute Over Pay

BP said on Tuesday the planned restart of its large refinery in Rotterdam was on hold after unions said they would not help with the return to service due to a …

Germany

German Finance Ministry Wants 33% Windfall Tax on Energy Firms - Die Welt

Germany's finance ministry aims to introduce a 33% tax on oil and gas companies that have benefited from windfall profits, Die Welt newspaper reported on Tuesda…

LNG

Sempra Strikes LNG Supply Deal With ConocoPhillips

Sempra Energy said on Tuesday that ConocoPhillips will buy five million tonnes per annum of liquefied natural gas (LNG) from Phase 1 of the Port Arthur LNG proj…

Energy Investment

Britain’s Windfall Tax Risks North Sea Cash Flight, Output Drop, Industry Warns

North Sea oil and gas producers hit back after Britain's decision to raise a windfall tax on the sector, warning the move risked jeopardizing investment in the …

United Kingdom

UK to Spend £20BN Closing off 2,000 Oil and Gas Wells in Next Decade, Report Says

Offshore Energies UK estimates 200 wells will be decommissioned every year at a cost of £7.8m each

Oil Refinery

Strike at BP’s Largest European Refinery Could Deepen Diesel Crisis

Refinery workers at BP’s biggest refinery in Europe are on a partial strike over demands for higher wages and will not cooperate in efforts to restart the Rott…

OPEC

UAE Denies It Is Engaging in Discussion With Other OPEC+ Members to Change Their Latest Agreement - Minister

United Arab Emirates' energy minister said on Monday that the Gulf state denied that it is engaging in any discussion with other OPEC+ members to change their l…

Hydrogen Production

Linde Starts Green Hydrogen Production in Greece

Linde, the world's largest industrial gases company, said on Tuesday it has started producing green hydrogen at its facilities in Greece.

Brazil

Brazil’s Incoming Government to Revoke Bolsonaro’s Biodiesel Mandate Decision

Brazil's incoming government will look to revoke a decision to keep the mandatory blend of biodiesel in diesel at 10% until March 31, 2023, a member of the tran…

Hydrogen Project

Air Liquide and Totalenergies to Produce Low-Carbon Hydrogen in France

Industrial gases company Air Liquide and TotalEnergies plan to produce low-carbon hydrogen at the Grandpuits site in France, the pair said on Tuesday, as France…