Gas

Oil Price

Aramco Posts Nearly 300% Leap in Second-Quarter Profit as Oil Demand Recovers

Saudi state oil giant Aramco reported a stunning 288% increase in net income to $25.5 billion for the second quarter, while maintaining its dividend of $18.8 bi…

Crude Oil

Zanganeh: Iran Prepared to Return to Int’l Oil Market

Iran is ready to return to the international oil market at the highest level when a political agreement is reached between Iran and the world powers, and the un…

Hydrogen Project

Japan’s ‘Hydrogen Olympics’ the Latest Stumble for Hydrogen Energy

It took some chemical wizardry, but the Olympic cauldron in Japan leapt to life not with natural gas or some other traditional fuel.

Hydrogen Project

Enel Forges Italian Ports Green Hydrogen Pact

MoU with Fincantieri will evaluate collaborating on the supply of gas to naval, submarine and surface vessels

OPEC

Opec+ Adds Around 700,000 b/d in July

The Opec+ group added 680,000 b/d to its crude output last month, boosted by higher quotas and the end of Saudi Arabia's extra cut.

Oil & Gas Trade

US June Oil Exports Rise, Boosted by India, South Korea

US crude exports rose by about 28pc in June led by a sharp increase in shipments to India and South Korea.

Carbon Neutral

South Korea Eyes Coal, Gas cuts in 2050 net zero plans

South Korea has published three potential road maps to reach its target of achieving carbon neutrality by 2050, ahead of a final decision on its plan later this…

Oil Exploration

Enersea Inks FEED Deal with Petrogas Offshore Netherlands

Enersea has secured a front-end engineering and design contract with Petrogas E&P Netherlands for the development of the A15 and B10 gas fields.

Crude Oil

Oil falls Amid US Inventory Build-up and Mounting Concerns over Delta Variant Surge

Brent and WTI sank 2.8 per cent and 3.4 per cent, respectively, on Wednesday, marking their biggest fall in two weeks

Net Zero Emission

Exelon Utilities Announces 2050 Net-Zero Carbon Emissions Goal

The largest utility in the US by the number of gas and electric customers, Exelon Utilities, has announced its plan to achieve net-zero emissions by 2050 compar…

Oil & Gas Trade

New Zealand's Oil Refinery Set to Convert Into Import Terminal

New Zealand will stop refining crude oil from next year after shareholders in the country's sole refinery greenlighted a plan to convert it to a gasoline-import…

Oil Pipeline

Video: Russia's Former President Medvedev on Nord Stream 2

Russia's former President Dmitry Medvedev has welcomed the US-German agreement on Nord Stream 2 that would pave the way for the completion of the controversial …

Hydrogen Production

Japan's J-Power, Schlumberger Eye Hydrogen from Coal

The carbon dioxide that comes out of the process will be used for enhanced oil recovery.

Hydrogen Project

Entergy Plans 1.2-GW Gas-Hydrogen Plant In Texas

Entergy estimates that the plant will bring about a $1.8bn economic benefit for the region.

Oil Price

Saudi Aramco Hikes Oil Prices to Asia for Second Consecutive Month

The pricing of Saudi crude oil generally sets the trend for the pricing for Asia of other Gulf oil producers such as the United Arab Emirates, Kuwait, Iraq, and…