Gas

Natural Gas

Russia Explains Gas for Rubles Switch

The new mechanism provides payment guarantees for Moscow, Foreign Minister Sergey Lavrov says.

Natural Gas

Natural Gas Demand to Slip in 2022 Amidst Russia-Ukraine Conflict: IEA

The downward forecast is equivalent to 50 billion cubic meters of LNG.

Net Zero Emission

ExxonMobil Begins Design Studies for Carbon Capture Hub

ExxonMobil Australia is undertaking early front-end engineering design studies (pre-FEED) to determine the potential for carbon capture and storage to reduce gr…

Wind Turbine

Wind-Powered Electricity Gains New Prominence but Still Long Way From Natural Gas, EIA Says

Daily wind-powered electricity eclipsed both coal-fired and nuclear electricity generation for the first time in March, though wind still pales in comparison to…

Oil&Gas Drilling

All Approvals Ready for Australian Well Drilling to Kick off Next Month

With all regulatory and environmental approvals in place, SapuraOMV is preparing to drill the Kanga-1 exploration well offshore Western Australia early next mon…

Crude Oil

North Sea Operators Renew Agreements for Exporting Oil to Flotta Terminal

Partners in several North Sea fields have reaffirmed their commitments to export the oil produced from their fields to the Repsol Sinopec Resources-operated Flo…

LNG

U.S. Natural Gas Prices Hit Highest Level in 14 Years

The benchmark U.S. natural gas price soared by more than 7% early on Monday.

Crude Oil

German Industry Fears Immediate Russian Gas Ban

As Europe continues to consider a ban on Russian energy exports, German business and unions are joining forces in opposition.

Oil&Gas Drilling

US Resumes Public Land Leasing for Oil and Gas Drilling

The US Department of the Interior said around 144,000 acres of public land will be put up for sale this week, marking the end of a moratorium on new leases.

Hydrogen Production

Researchers Develop Non-Metallic Photocatalyst Capable of Producing Green Hydrogen

South Korean researchers have developed a non-metallic photocatalyst that can use sunlight to produce green hydrogen which does not emit any kind of greenhouse …

LNG

Aussie LNG export revenue up 88% in Mar: EnergyQuest

Australian LNG export revenue in March was A$5.47bn ($4.03bn), up 88% year/year, energy consultant EnergyQuest said on April 18. The revenue was down 2.85% mont…

Russian Federation

New EU Sanctions on Russia to Target Sberbank, Commission Head Tells Paper

The European Union’s forthcoming sanctions on Russia will target banks, in particular Sberbank (SBER.MM), as well as oil, the head of the European Commission U…

LNG

Japan's JERA Weighs Expanding LNG Business to China

Japanese energy group JERA, one of the world's biggest importers of liquefied natural gas, has taken a step toward a possible expansion of its LNG business to C…

Oil Price

Oil Prices Rise on Supply Concerns as Ukraine Crisis Deepens

Oil prices rose on Monday as concerns grew about tighter global supply, with the deepening crisis in Ukraine raising the prospect of heavier sanctions by the We…

LNG

Germany to Move away From Russian Gas

Germany has released nearly EUR3 billion to acquire floating liquefied natural gas (LNG) import terminals, the Finance Ministry said on Friday, as it seeks to m…