Gas

Oil Price

LNG Prices Soar To New Record In China

There is one recurring problem with central planning: the greater the level of intervention, the worse and more widespread the unexpected adverse consequences.

Net Zero Emission

Nigeria Vows to Reach Net-Zero by 2060, Highlights Key Role of Gas in Energy Transition

During the COP26 summit in Glasgow, Nigerian President Muhammadu Buhari has pledged Nigeria will cut its carbon emissions and reach net-zero by 2060

Oil Exploration

Empyrean Gearing up to Drill ‘First Exciting Exploration Well in China’

Oil and gas company Empyrean Energy has made significant operational progress towards spudding the LH 17-2-1 exploration well at the Jade prospect on Block 29/1…

Oil Price

Opec+ Set to Meet Amid Calls for Lower Prices as Oil Hits Multi-Year Highs

Crude prices have surged in recent months as economies reopen after months of lockdowns

Uganda

Uganda Counts on TotalEnergies, CNOOC to Create New African Oil Hub

Ugandan President Yoweri Museveni is counting on TotalEnergies SE and CNOOC Ltd. to produce oil from its fields in four years, laying the foundation for a new r…

Crude Oil

OPEC+ Lgnores Calls For More Crude, Adds Meagre 140,000 Bpd In October

OPEC+ added just 140,000 barrels daily of crude oil last month

Natural Gas

POSCO International to Explore Gas Field in Malaysia

POSCO International will explore natural gas mines in Malaysia.

Hydrogen Project

Australia, South Korea Partner on Hydrogen Technology

The Australian and South Korean governments have agreed to work together on technology to increase the use of hydrogen produced from renewable sources, as part …

Natural Gas

Gazprom's Gas Production Rises in October

Russia's state-controlled Gazprom boosted gas production in October, despite exports slowing.

Energy Investment

More Investment in Supply Side of Gas Need of the Hour: GECF

As the climate crisis threatens to provoke an energy crisis, the world should approach decarbonisation carefully to prevent artificial acceleration of ‘greenin…

Hydrogen Project

Green Hydrogen and Ammonia Project Planned for Kazakhstan

Kazakhstan’s hydrogen and ammonia markets are set to be boosted by a new partnership between KazMunayGas and Linde.

Oil Exploration

Equinor Makes Iits 6th Norwegian Oil Discovery of 2021

Equinor EQNR.OL has made an oil discovery estimated to hold up to 62 million barrels of crude off the coast of Norway.

Crude Oil

OPEC Rejects Biden’s Call for More Oil

OPEC+ headed for a clash with the U.S. as more members rejected President Joe Biden’s call for the group to raise oil production faster and help reduce gasolin…

Oil Price

Bank of America Expects $120 Oil by June 2022

Bank of America expects Brent crude to hit $120 a barrel by the end of June 2022.

Oil Price

Aramco Books 158% Surge In Q3 Net Profit On Higher Oil Prices

Saudi state energy giant Aramco booked a net profit of $30.4 billion for the third quarter of the year, up by 158 percent from the third quarter of 2020 on subs…