Gas

Oil Price
Global Oil Prices Retreat in Face of Supply and Demand Pressures
Brent crude was down 56 cents, or 0.7%, at $78.33 a barrel at 1157 GMT and U.S. West Texas Intermediate crude fell 54 cents, or 0.7%, to $75.40.
Hydrogen Project
INNIO and Hyosung to Deploy APACs First 100% Hydrogen Power Plant
Austrian gas engine manufacturer INNIO has been selected by South Korea’s Hyosung Heavy Industries to provide its technology for a pilot hydrogen power plant t…
Combined cycle power plant
EDF Consortium Wins Tender for Combined Cycle Plant in Uzbekistan
Uzbekistan’s Ministry of Energy has announced that a consortium of Électricité de France, Nebras Power and Sojitz Corporation has won a tender to build a com…
Oil Field
Repsol Shuts in Yme Field Only Weeks After Start-Up
Spanish oil and gas company Repsol has been forced to halt production from its Yme field off Norway, less than a month after the oil production started.
Natural Gas
BHP, Woodside Agree on $12 billion Australian Gas Project
BHP Group and Woodside Petroleum Ltd. approved investment in a $12 billion Australian gas project as the companies also confirmed details of a merger to combine…
Crude Oil
OPEC Considers Lowering Production to Account for Oil Reserve Releases
OPEC and its allies may re-evaluate plans for reviving oil supplies if the world’s four largest consuming countries go ahead with a co-ordinated release of the…
Crude Oil
Colombia Desperately Needs To Ramp Up Its Oil Production
The COVID-19 pandemic has taken a particularly harsh toll on Colombia’s economically-dependent oil and gas industry.
Oil & Gas Trade
Saudi Retains Top Spot Among China Oil Suppliers
Saudi Arabia has remained China’s number-one crude oil supplier.
Oil Field
Iran, Azerbaijan Eye Joint Development of Oil and Gas Fields in Caspian Sea
Iran and Azerbaijan, members of the OPEC+ alliance, are looking at finalizing "soon" a number of energy deals, including joint development of an oil field in th…
Oil Refinery
Refinery Closures About To Happen In Europe
Shell plans to end crude processing at the Wesseling site within the Rhineland refining complex in 2025 as the facilities are repurposed for non-fossil fuel fee…
Oil Price
Japan PM Confirms Oil Reserves May Be Released to Curb Prices
Japan is considering releasing oil from its reserves for the first time to curb surging oil prices.
Crude Oil
OPEC+ Pumped Less Oil Than Agreed In October
The OPEC+ group’s compliance rate with the oil production cuts rose to 116 percent in October from 115 percent in September,
Crude Oil
China Begins Releasing Oil from Its Strategic Reserves
China is releasing some oil from its strategic reserves days after the U.S. invited it to participate in a joint sale, suggesting the world’s two biggest oil c…
Crude Oil
EIA Sees Brent Oil Price Falling To Average $72 In 2022
EIA: Crude oil prices are set to decline next year from the current levels of around $80
Solar Power Plant
Ireland Cites Need for 1.9 GW more Solar This Decade to Stay on Track for Net Zero
Although wind power dominates the renewables scene in the Republic of Ireland and the North – and even natural gas has a bigger role to play – the grid compan…

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Gas

Global Oil Prices Retreat in Face of Supply and Demand Pressures

INNIO and Hyosung to Deploy APACs First 100% Hydrogen Power Plant

EDF Consortium Wins Tender for Combined Cycle Plant in Uzbekistan

Repsol Shuts in Yme Field Only Weeks After Start-Up

BHP, Woodside Agree on $12 billion Australian Gas Project

OPEC Considers Lowering Production to Account for Oil Reserve Releases

Colombia Desperately Needs To Ramp Up Its Oil Production

Saudi Retains Top Spot Among China Oil Suppliers

Iran, Azerbaijan Eye Joint Development of Oil and Gas Fields in Caspian Sea

Refinery Closures About To Happen In Europe

Japan PM Confirms Oil Reserves May Be Released to Curb Prices

OPEC+ Pumped Less Oil Than Agreed In October

China Begins Releasing Oil from Its Strategic Reserves

EIA Sees Brent Oil Price Falling To Average $72 In 2022

Ireland Cites Need for 1.9 GW more Solar This Decade to Stay on Track for Net Zero