Gas

Natural Gas

Germany Reaches 75% Gas Stocks Target Ahead of Schedule

German gas storage facilities were slightly more than 75% full last Friday, a couple of weeks ahead of target, data from European operators group GIE showed on …

Crude Oil

Saudi Aramco Profit Soars on Higher Prices and Refining Margins

State oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by higher oil prices and refining ma…

Nuclear Power Plant

Nuclear Power in Europe – Risk Versus Reward

As Europe comes to terms with its overreliance on Russian gas and looks at ways to secure supply for the coming winter, nuclear power, once considered to do mor…

Natural Gas

Europe’s Newest Gas Pipeline Could Come Online Within 9 Months

Another natural gas pipeline could soon become operational in Europe to connect Spain and France, and the new link could start operations in around nine months,…

Natural Gas

Nord Stream Gas Flows Drop On Friday Afternoon

Physical natural gas flows on the Nord Stream pipeline from Russia to Germany dropped to 13 million kWh/h on early Friday afternoon in Europe, data from Nord St…

Crude Oil

Gulf Of Mexico Oil Outages Balloon Beyond Shell

At least two other oil majors shuttered their Gulf of Mexico platforms on Friday following a leak in the Fourchon booster station, shutting down the flow of cru…

Crude Oil

IEA Sees Higher Oil Demand This Year

IEA: global crude oil demand will rise by 2.1 million bpd.

Oil Exploration

China Heralds Another Major Oil Discovery

China’s state-run China Petrochemical Group, Sinopec, says it has discovered a massive oilfield in the Tarim Basin, containing 1.7 billion tons of oil reserves…

Natural Gas

Israeli Natural Gas Lines Signs Investment Contract With Prisma Photonics

Israeli Natural Gas Lines recently entered into a strategic investment contract with Prisma Photonics, a company developing advanced real-time critical infrastr…

Natural Gas

Germany: No Technical Reason for Cutting Nord Stream 1 Gas

Gazprom, Russia's state energy giant, has significantly reduced the flow of gas through Nord Stream 1, now at 20 percent of capacity.

Oil & Gas Supply

Switch From Gas Boosts Oil Demand, but Economic Headwinds Loom - IEA

Sweltering summer temperatures and soaring gas prices have boosted the use of oil in power generation, the International Energy Agency (IEA) said on Thursday, i…

Natural Gas

Australia’s Santos Buys Pipeline Route for Undeveloped Gas Project

Australia's Santos Ltd said on Thursday it had bought a company that owns an approved underground pipeline route that could transport natural gas from its plann…

Natural Gas

New Partnership Inked to Develop Decentralised Power Plants in Thailand

INNIO and B.Grimm Power seek to develop decentralised and highly efficient liquefied natural gas and natural gas plants

Oil Price

Oil Edges Lower as Supply Disruption Concerns Ease

Oil prices slipped in Asia on Thursday after gaining more than $1 in the previous session, as concerns over supply disruptions eased and markets looked for evid…

OPEC

Iraq’s July Oil Output Rises by Around 70,000 Bpd, Somo Data Show

Iraq pumped 4.584 million barrels per day (bpd) of oil in July, up by 69,000 bpd from June, data from state-owned marketer SOMO seen by Reuters showed on Wednes…