Gas

LNG

Shell Posts $9.5 Bln Profit, Plans to Boost Dividend

Shell on Thursday posted a third-quarter profit of $9.45 billion, easing from the previous quarter's record high due to weaker refining and gas trading, as it a…

Crude Oil

World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022

The World Bank has predicted that energy prices will decline by 11% in 2023 after having surged 60% in the current year following the war in Ukraine.

Guyana

Exxon Makes More Oil and Gas Discoveries Offshore Guyana

U.S. oil and gas major Exxon Mobil has announced on Wednesday that it has made two more discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block of…

Net Zero Emission

Saudi Aramco Unveils $1.5BN Sustainability Fund

It will initially focus on sectors such as carbon capture and storage, hydrogen, greenhouse gas emissions and energy efficiency.

Hydrogen Project

UK Trial Will Inject Hydrogen Into a Gas-Fired, Grid-Connected Power Station

The hydrogen will be injected by Centrica Business Solutions into a gas-peaking plant in Lincolnshire, east England.

NASA Instrument Detects Dozens of Methane Super-Emitters From Space

An orbital NASA instrument designed mainly to advance studies of airborne dust and its effects on climate change has proven adept at another key Earth-science f…

Egypt

Egypt Oil Min Says Framework Agreement in Place on Gaza Marine Field

Egypt's petroleum minister confirmed on Tuesday a framework agreement had been reached to develop the Gaza Marine gas field offshore Gaza and talks were under w…

LNG

Italy Commissioner Oks New LNG Terminal in Piombino

A state-appointed commissioner on Tuesday formally approved the set up of a new liquefied natural gas (LNG) terminal in the Italian port of Piombino, on the wes…

Europe’s Energy Crisis Heaps Pain on Heavy Industry

Makers of metals, chemicals and gases said on Tuesday that the outlook for the final months of the year had worsened as concerns intensify that a surge in energ…

Natural Gas

EU Edges Towards Gas Price Cap With More Emergency Talks

European Union energy ministers will hold another emergency meeting in November to try to make progress on a bloc-wide gas price cap, after talks on Tuesday lef…

United Kingdom

UK Launches ‘First’ Injection of Hydrogen Into Gas-Fired Power Station

Hydrogen will be injected into Centrica’s peaking plant at Brigg, Lincolnshire.

United Kingdom

UK North Sea Firm Ithaca Energy Presses Ahead With London Listing

North Sea oil and gas producer Ithaca Energy said on Tuesday it was going ahead with its plans to list in London and was seeking admission of its ordinary to th…

Natural Gas

EU Countries Look to Map Out Path to Gas Price Cap

European Union energy ministers will discuss a bloc-wide gas price cap on Tuesday, attempting to navigate their next steps although it is likely to be weeks bef…

Net Zero Emission

EU Countries Agree to Hike Climate Change Target Next Year

European Union countries agreed on Monday to raise their target to curb greenhouse gas emissions under the Paris climate agreement next year.

Natural Gas

Factbox: How Is Germany Replacing Russian Gas?

Germany, Europe's biggest economy and historically a major importer of Russian gas, is scrambling to secure alternative supplies following a plunge in flows fro…