Gas

Energy Investment

Australian Resource Investment Rises in 2021

Investment in committed resource and energy projects in Australia rose in the 12 months to the end of October from a year earlier, led by increased investment i…

Natural Gas

Brazil’s Gas Production Grew in November

Available natural gas was up by 8.1pc compared to previous month's levels, according to preliminary data from Brazil's oil and gas regulator ANP.

Crude Oil

Goldman Says Oil could hit $100, Demand might Reach ‘New Record High’ in the Next Two Years

Goldman Sachs predicts a new high in oil demand in 2022, and again in 2023.

Oil Field

Malaysia’s Pegaga Field May Start Gas Output in January

Malaysia's state-owned Petronas may be targeting a 20 January start to production at its Pegaga gas field offshore Sarawak, after the detection of high mercury …

Hydrogen Project

Equinor, Engie Explore Large gigawatt Scale Hydrogen Production in Belgium

Equnior and Engie want to produce cost-competitive hydrogen at large gigawatt scale from natural gas using autothermal reforming technology combined with CCS in…

LNG

Mozambique Makes Gains Against Militants Disrupting TotalEnergies’ LNG Project

Mozambique has made gains against Islamic State-linked insurgents who disrupted the southeast African nation’s multibillion gas project, according to President…

Crude Oil

Oil Prices Rise On Record U.S. Oil Demand

The price of WTI crude rose nearly 2% on Thursday on EIA reports that U.S. implied petroleum products demand had risen to record heights.

United Kingdom

AstraZeneca to Power UK Sites with Biomethane in Decarbonisation Drive

British-Swedish multinational pharmaceutical firm AstraZeneca has partnered with Future Biogas to power its UK sites with low-carbon energy as part of the compa…

LNG

Dutch Bio-LNG Project Secures EU Funding

A liquefied biogas production project by Dutch firms Titan LNG, Attero and Nordsol has been awarded €4.3mn in funding under the EU's 'Fit for 55' package.

Oil & Gas Trade

China’s Oil Imports Are Set To Slow In Q1

Chinese imports in March 2022 are set to be around 10.7 million barrels per day (bpd).

Natural Gas

Brazil's Manati Field Gas Production Restart Awaits Pipeline Repairs

Brazilian Petrobras will take a week to make repairs to an offshore gas-export pipeline and restart production at the Manati Field, but the disruption won't aff…

Thermal Coal

HSBC Says It will Phase out Financing of Thermal Coal by 2040

HSBC Holdings is planning to phase out the financing of coal used for generating electricity by 2040, the latest bank to commit to ending support for the greenh…

Hydrogen Project

SoCalGas, Bloom Energy Ready to Kick-Start Hydrogen Blending Project in California

The California Institute of Technology will next year see hydrogen blended into its existing natural gas network as part of newly unveiled project between SoCal…

Oil Pipeline

Key Ecuador Crude Oil Pipeline Ruptures While Halted by Erosion

Erosion in the Amazon region has ruptured Ecuador's state-owned pipeline SOTE, the same problem that led to its shutdown last week, the Energy Ministry said on …

Crude Oil

Global Oil Supply Set to Outpace Demand Amid Higher Production, IEA Says

The surge in new Covid cases is expected to 'temporarily slow' but not upend the recovery in demand