Gas

Natural Gas

Germans Face More Power and Gas Price Hikes in January - Portal

Many German households face another 50%-plus hike in power and gas supplies in January due to the lag in suppliers passing on higher wholesale market prices and…

Crude Oil

European Refiners Oversupplied as Oil Shortage Fears Subside

European refiners have found themselves oversupplied with crude as an expected shortage owing to the looming EU ban on Russian oil has yet to materialise.

LNG

LNG Exports Drive Expansion of North American Natural Gas Market, Adding 29 Bcfd of Production by 2033

LNG exports nearly triple over next decade, Inflation Reduction Act to boost gas demand in the long term.

United States

NERC Warns of Tight Generation Resources, Fuel Supply Issues This Winter

Power shortfalls could be rife over the next three months across a large portion of the North American bulk power system (BPS), particularly during extreme and …

Crude Oil

Iraq Targets 7-Mln-Bpd Oil Output Capacity in 2027 – Somo Head

Iraq plans to increase its oil production capacity to around 7 million barrels per day in 2027, head of state-owned oil marketer SOMO Alaa Alyasri told Reuters …

Crude Oil

India Raises Windfall Tax on Crude Oil

India has raised a windfall tax on crude oil to 10,200 Indian rupees ($125.22) per tonne from 9,500 rupees per tonne, a government order said on Wednesday.

Net Zero Emission

COP27: France, Spain Latest to Pledge Halt to Gasoline-Driven Vehicle Sales

France and Spain on Thursday joined a pledge to stop sales of gasoline-driven vehicles by 2035, five years earlier than previously planned, part of efforts to a…

Gas Turbine

GE Runs Gas Turbine on Hydrogen Blend at Sharm El Sheikh Plant

Egypt’s Sharm El Sheikh power plant has successfully operated a GE LM6000 aeroderivative gas turbine on hydrogen–natural gas blended fuel.

Hydrogen Production

Inpex to Trial Blue Hydrogen and Ammonia Production in Japan

Japan's biggest oil and gas explorer, Inpex Corp, said on Tuesday it will build facilities to produce hydrogen and ammonia using its domestically produced natur…

Net Zero Emission

Turkey Raises Greenhouse Gas Emission Reduction Target for 2030

Turkey will aim to bring its greenhouse gas emissions 41% below business-as-usual levels by 2030, raising the target from 21%, Environment Minister Murat Kurum …

Crude Oil

Russian Oil Output to Fall 1.4 Mln Bpd Next Year as EU Ban Takes Effect - IEA

Russian oil output is set to fall 1.4 million barrels per day(bpd) next year after a European Union ban on seaborne exports of Russian crude comes into effect, …

Gas Turbine

Germany’s Gas Turbine Capacity Expansion Moving Too Slow

Germany is behind in its plan to expand its gas turbine capacity to 30 GW by 2030—the amount needed to stabilize its electricity distribution networks, accordi…

LNG

First Liquefied Natural Gas Exported From Mozambique

British energy giant bp is buying 100% of the output from the Coral Sul Floating LNG facility.

Natural Gas

Vietnam Leads Gas Expansion Plans in Southeast Asia: Report

A total of 56GW is either in pre-construction or construction stages.

Nord Stream 2

Potential Climatic Impact of Nord Stream Methane Leaks

Nord Stream 1 and 2 were both intentionally destroyed on September 26th, 2022. Enormous amounts of gases, mainly methane, were discharged into the ocean and eve…