Gas

CNOOC

China’s Largest Producer of Offshore Oil & Gas Moves to Make Full Use of Domestic and Overseas Financing Channels

Aiming to make full use of domestic and overseas financing channels, Chinese oil and gas giant CNOOC Limited has launched an initial public offering (IPO) on Sh…

Oil & Gas Trade

French Election Could Make or Break EU Russia Oil Ban

The outcome of this weekend's French presidential election could make or break the chances of EU unanimity for a ban on Russian energy imports, with challenger …

Russian Federation

Exxon Could Withdraw Completely From Russia Within Two Months

U.S. supermajor ExxonMobil plans to shut down all its businesses in Russia by June 24.

Oil & Gas Supply

EU Launches Nine-Point Plan to Mitigate Global Energy Crisis

Bloc calls on individuals to turn down heating, share cars and use more public transport.

Oil Price

OPEC Tells IMF that Oil Price Rally Mainly Due to Geopolitics

OPEC told IMF's steering committee on Thursday that the surge in oil prices was largely due to the Ukraine crisis, in the latest signal that the producer group …

Carbon Emissions

U.S. to Grant $6.4 Billion Funding for Projects to Reduce Carbon Emissions

The U.S. Transportation Department said on Thursday it would award $6.4 billion over five years to states to fund projects to reduce greenhouse gas emissions.

Energy Transition

Singapore Zooms in on Renewable Energy Amidst Energy Insecurity

Senoko said increasing prices and gas supply disruptions increased focus on the clean energy transition.

Oil Price

China Oil Giant CNOOC Jumps 20% in First Mainland Trading

Cnooc Ltd. jumped 20% in its first day of trading in Shanghai as mainland investors jumped at the chance for exposure to soaring oil and gas prices.

CCS

ExxonMobil Estimates $4 Trillion CCS Market by 2030

Amount is around 60% of forecast oil and gas market by that date.

Nord Stream 2

Ukraine Lobbies for Cuts in Russian Nord Stream 1 Gas Shipments

Ukraine is working behind the scenes to convince Western allies to shift Russia’s shipments of natural gas from the Nord Stream 1 pipeline to Ukraine’s pipeli…

World Needs Extra $1.3 Trillion Energy Investment by 2030

The world needs to find $1.3 trillion of incremental investment by 2030 to boost all types of energy output and infrastructure from renewables to oil and gas to…

Russian Federation

Shell Starts Withdrawing Staff From Russia as Part of Exit Strategy

Oil company is demobilising its seconded employees in ventures with Gazprom and Gazprom Neft in a phased process.

Carbon Emissions

Japanese Firms Team up to Produce ‘Carbon-Free’ Methane

Japan's largest gas retailer Tokyo Gas, engineering firm IHI and space agency Jaxa have secured a subsidy to further develop production of "carbon-free" synthet…

Oil&Gas Drilling

Empyrean Ticks off ‘Major Box’ at Chinese Well

AIM-listed oil and gas exploration company Empyrean Energy has backed up its pre-drill interpretation of seismic data related to the Jade prospect well located …

Hydrogen Project

Is Fossil Hydrogen on Its Death Bed?

The gas industry portrays fossil hydrogen as a climate friendly replacement for fossil fuels. But as Welsh crooner Mandy Rice-Davis might've said about gas lobb…