Gas

Market Analysis
Algeria Leads the GECF Research and Development Arm
A Founding Member of the GECF, Algeria’s footprint in the 18-member association is deeply embedded in the history and current direction of the organisation.
Hydrogen Production
ITM Power to Provide a 2MW Electrolyser for Japanese Demonstration Project
ITM Power is set to provide a 2MW electrolyser to Sumitomo and Tokyo Gas for a joint hydrogen utilisation demonstration project at the Yokohama Techno Station.
Oil Field
Lukoil to Operate Offshore Area 4 Project in Gulf of Mexico
PJSC LUKOIL announced the entry into an agreement to acquire the 50% operator interest in the Area 4 project in Mexico through the acquisition of the operator’…
Crude Oil
Oil Prices Climb as U.S. Reports Rapidly Declining Crude Stockpiles
Oil rebounded after a U.S. government report showed rapidly declining inventories and record-high fuel demand in the midst of the peak summer travel season.
Oil Price
$70 Oil Isn’t Enough To Stabilize Iraq Right Now: Moody’s
Iraq’s economy will strengthen this year as a result of higher oil prices but this will not be enough to stabilize it over the long term, according to Moody’s…
Solar Power Plant
63 MW Solar Project Completed in Philippines as part of 5 GW Renewables Plan
A 63 MWp solar project has been completed in the Philippines by Modern Energy Management for AC Energy. The Gigasol project is part of the latter’s plan to rol…
Oil Refinery
First Overhaul After the Modernization of the Shymkent Refinery is Completed
Shymkent Refinery is the Pearl of China-Kazakhstan Energy Cooperation Project
LNG
CNOOC and Petronas Signed a 10-year LNG Supply Agreement
The transaction is valued at approximately US$7 billion.
LNG Carrier
The Suez Canal Blockage: Impact on the LNG Shipping Marke
The first half of 2021 witnessed an impressive volatility of the LNG shipping market.
Hydrogen Project
Shell and Uniper Join Forces to Drive Development of Hydrogen Economy in Europe
Shell Gas & Power Developments B.V. and Uniper Hydrogen GmbH have signed a memorandum of understanding to explore accelerating the development of a hydrogen eco…
OPEC
Opec+ Might not Meet Until August: Saudi Oil Minister
Saudi Arabia's oil minister Abdulaziz bin Salman has conceded the Opec+ coalition's next meeting could take place no sooner than August, as an ongoing clash wit…
Oil Field
POSCO International to Develop Gas Field in Indonesia
POSCO International will push for the development of a large-scale oil and gas field in Indonesia following Myanmar.
Oil Pipeline
Oil Pipeline Explosion Kills 3 In Iran
Iranian media report that an explosion that started at a pump house in the country’s southwest tore through oil and gas pipelines, killing three people and inj…
United States
US Oil Prices Soar To 6-Year High In OPEC Standoff
The U.S. benchmark oil price WTI Crude hit its highest level since November 2014 early on Tuesday, after OPEC+ on Monday called off its third attempt to reach a…
Crude Oil
Oil and Dollars: Why the UAE is Risking a Falling-out with OPEC+
The UAE agreed with the other 22 OPEC+ members that monthly output cuts should be eased by 400,000 barrels a day from August, but said the extension should be t…

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Gas

Algeria Leads the GECF Research and Development Arm

ITM Power to Provide a 2MW Electrolyser for Japanese Demonstration Project

Lukoil to Operate Offshore Area 4 Project in Gulf of Mexico

Oil Prices Climb as U.S. Reports Rapidly Declining Crude Stockpiles

$70 Oil Isn’t Enough To Stabilize Iraq Right Now: Moody’s

63 MW Solar Project Completed in Philippines as part of 5 GW Renewables Plan

First Overhaul After the Modernization of the Shymkent Refinery is Completed

CNOOC and Petronas Signed a 10-year LNG Supply Agreement

The Suez Canal Blockage: Impact on the LNG Shipping Marke

Shell and Uniper Join Forces to Drive Development of Hydrogen Economy in Europe

Opec+ Might not Meet Until August: Saudi Oil Minister

POSCO International to Develop Gas Field in Indonesia

Oil Pipeline Explosion Kills 3 In Iran

US Oil Prices Soar To 6-Year High In OPEC Standoff

Oil and Dollars: Why the UAE is Risking a Falling-out with OPEC+