Gas

Oil & Gas Trade

Iran And Venezuela Strike Oil Swap Deal

Iran and Venezuela have struck a deal to swap heavy Venezuelan crude for Iranian condensate.

Gas power plant

Wärtsilä to Deliver 120MW Gas Power Plant in Gabon

Technology group Wärtsilä and Gabon Power Company have signed a Concession Agreement with the government of Gabon for a 120MW gas power plant.

Net Zero Emission

International Energy Agency Commits to Become Net Zero by 2024

Agency announces goal of bringing down greenhouse emissions from its activities rapidly in alignment with the recommendations of its landmark Roadmap to Net Zer…

Oil Pipeline

Petrobras Closes Contaminated Gasoline Pipeline

Brazil's state-controlled Petrobras temporarily closed its 266km Opasc refined products pipeline because of sulfur contamination.

Crude Oil

Eni Adds New Field to Angola's Olombendo Crude Grade

Italian integrated oil firm Eni has started crude production from the Cabaca North project in Angola's deepwater block 15/06.

China

PetroChina, Hengli Win four Cargoes in First China Oil Reserve Sale

The prices were lower than the spot market as Middle East crude benchmark Dubai was at $74.09 a barrel on Thursday.

Oil & Gas Trade

Under U.S. Sanctions, Iran and Venezuela Strike Oil Export Deal

Venezuela has agreed to a key contract to swap its heavy oil for Iranian condensate that it can use to improve the quality of its tar-like crude, with the first…

Oil Field

Bohai Bay Offshore Oil Fields Mark Power Milestone

The country's first project to power the Bohai Bay offshore oil fields from shore kicked off operation on Thursday.

Oil Price

Oil Price Hits Highest in Almost Three Years As Supply Tightens

Brent futures rose 84 cents, or 1.1%, to settle at $78.09 a barrel, while U.S. West Texas Intermediate crude rose 68 cents, or 0.9%, to settle at $73.98.

Oil & Gas Supply

Norway's August Oil Output Beats Forecast, Gas Lags

Norway's oil production beat official expectations in August, while its natural gas output lagged, preliminary data from the Norwegian Petroleum Directorate sho…

Oil Price

Demand Recovery Leaves $100/bl Oil on Track

Global commodity trading firm Trafigura is maintaining its forecast for oil prices to potentially hit $100/bl late next year, despite the risk of short-term Cov…

Hydrogen Storage

Gasunie Gas Pipeline Operator Testing Hydrogen Storage

The Dutch company has converted a section of a salt cavern storage facility for the purpose.

Crude Oil

Goldman Sachs: Here’s How Oil Prices Could Reach $90 This Winter

Brent could reach $90 per barrel if the weather in the northern hemisphere turns out to be colder than normal this winter, Goldman Sachs’ Jeff Currie said on W…

United Kingdom

UK Power Sector Could See Tidal Wave Of Bankruptcies

More UK energy suppliers are set to go bust as soaring gas prices are putting an unprecedented cost burden on smaller electricity and gas providers, the head of…

Oil & Gas Trade

India's Oil Imports Rose to 4-month High in August

Indian refiners mostly buy oil about two months ahead of processing.