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Gas
Crude Oil
Oil Rallies Amid Worsening Unrest In Crude Producer Kazakhstan
Oil markets shrug off dip in U.S. gasoline demand
Oil Field
ExxonMobil Announces Two New Oil Discoveries In Guyana
ExxonMobil has made two more discoveries in the Stabroek block offshore Guyana, which add to the previously announced 10 billion oil-equivalent barrels recovera…
EU
Europe Plans to Say Nuclear Power and Natural Gas Are Green Investments
The draft proposal could help unleash a wave of investment, but critics say both sources of energy cause damage to the environment.
LNG
South Korea Retires Two Oldest Coal-Fired Power Plants, to Replace with LNG
South Korea has permanently shut its two oldest coal-fired power plants, which will be replaced by new LNG-based ones, in line with President Moon Jae-in's push…
Electricity Trade
Power Costs in Europe Soar to Record High in 2021
The continent's energy crunch followed shortages of natural gas just as demand rebounded following 2020’s lockdowns
Oil & Gas Supply
Russia’s Oil Output to Rise by 5% in 2022
Russia’s deputy prime minister Alexander Novak expects the oil output to rise by 5 per cent next year and reach its pre-pandemic level by May 2022.
Oil Pipeline
Putin: Nord Stream 2 Is Loaded With Gas And Ready To Deliver
Russian President Vladimir Putin has noted that the Nord Stream 2 pipeline to Germany is fully ready and prepared to start pumping gas exports.
Crude Oil
High Gas Prices Lead To Conversion Of Ammonia Plant To Green Hydrogen
Incitec Pivot is Australia’s largest supplier of fertilisers, producing around two million tonnes of ammonia each year for use in Australian agriculture.
Oil&Gas Drilling
Indian State Oil Giant To Significantly Expand Oil Exploration
Indian state firm Oil and Natural Gas Corporation plans to raise fourfold its exploration and production acreage by 2025
Hydrogen Project
Korea Gas Corp. Looking to Supply 1.03 Million Tons of Hydrogen in 2030
As a first step toward realizing the plan, it broke ground for the construction of a hydrogen production base in Gwangju on Dec. 2.
Crude Oil
Saudi Arabia may Set Deep Crude Price Cuts for Asia in February
Top oil exporter Saudi Arabia may implement deep price cuts for the crude it sells to Asia in February after Middle East benchmarks and spot prices slumped this…
Hydrogen Project
Korea Gas Corp. Looking to Supply 1.03 Million Tons of Hydrogen in 2030
The production base in Gwangju is scheduled to be completed in March 2023.
Hydrogen Fuel Cell
Snam to Build Hydrogen-Ready Fuel Cell for Italy’s Torino Airport
Gas group Snam has agreed a 14 million euro contract to build a hydrogen-ready fuel cell for Italy’s Torino Airport to help it to cut its carbon footprint, the…
Crude Oil
Mexico To End Oil Exports In 2023
Mexico will suspend crude oil exports in two years in a bid to focus on domestic self-sufficiency.
Crude Oil
Oman's Ras Markaz Crude Storage Outside Strait of Hormuz to Come Onstream Q2
Infrastructure to store crude at Ras Markaz in Duqm on the southern coast of Oman is already complete, Salim al-Hashmi
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