Gas

EU

EU Unveils 'Fit for 55' Climate Package

The European Commission on Wednesday unveiled a comprehensive roadmap for realizing the European Union's ambitious target of reducing its net greenhouse gas emi…

Oil Refinery

Iraq Signs Al Faw Refinery Deal with China's CNCEC

Iraq has decided to award a long-awaited contract to build a new 300,000 b/d integrated refining and petrochemicals complex on the southern Al Faw peninsula to …

Oil Price

Oil Prices Drop After Saudi-UAE Reach Output Compromise

The deal between the two Gulf producers means that members of the Petroleum Exporting Countries (OPEC), Russia and other producers, a group known as OPEC+, will…

Market Analysis

Fossil Fuel Power Demand has 'Peaked Worldwide': Analysis

Renewable options such as solar and wind are already the cheapest source of new power generation in 90 percent of the world's markets, meaning developing nation…

Energy Storage Battery

Vard Electro to Deliver First Multi-mode Battery Technology Vessel for Canadian Oil and Gas

Vard Electro has been awarded a contract for an innovative hybrid battery power system with Atlantic Towing to be integrated on their vessel Atlantic Shrike.

Oil Price

Oil Falls Slightly Despite Crude Draw

The American Petroleum Institute on Tuesday reported a draw in crude oil inventories of 4.079 million barrels for the week ending July 9, bringing the total 202…

OPEC

OPEC+ Deadlock is Bad News for Oil Producers and Consumers, IEA Warns

The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and t…

LNG

Gas Import Options Expanding for China

China is poised to become the top global liquefied natural gas importer this year, bypassing current leader Japan

Oil & Gas Trade

Saudi, Oman Call for Continued Oil Cooperation Between OPEC and Allies

Saudi Arabia and Oman called on Monday for continued cooperation between OPEC and other allied producers to stabilise and balance the oil market.

Oil&Gas Drilling

U.S. Drilling Approvals Increase Despite Biden Climate Pledge

The Interior Department approved about 2,500 permits to drill on public and tribal lands in the first six months of the year

Oil Pipeline

Nord Stream 2 Targets August for Completion of Baltic Pipelay Work

Eponymous project's operator assures the pipeline will be fully certified and ready to pump Russian gas to Germany before end of year

Coal Mine

Gautam Adani Boosting Fossil Fuel Footprint Despite Pledge to Turn Carbon Neutral

The Adani Group is doubling its coal-fired power capacity to 24 gigawatts, plans to own, develop or operate coal mines with a combined capacity of 132 million t…

Japan

Japan to Remain Committed to Oil and Gas Development Projects

Japan will remain committed to upstream oil and gas developments and plans to boost its ratio of equity oil and gas as it expects the fuels to play a key role i…

Hydrogen Project

UAE’s ADNOC to Explore Hydrogen and Blue Ammonia with Japanese Groups

Abu Dhabi National Oil Company is set to explore the commercial opportunities for hydrogen and blue ammonia in collaboration with Japanese companies Inpex, Jera…

Angola

Angola Kicks Oil Privatization Into Overdrive

Angola is seeking buyers for state insurer ENSA as part of a privatization drive that also includes the partial sale of state oil major Sonangol.