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Gas
Natural Gas
Sinopec, SIBUR Set up Joint Venture
SIBUR and Sinopec will hold respective interest in the joint venture in the amount of 60 percent and 40 percent.
Coal Trade
German Coal Moves Ahead of Gas for February
A spike in German NCG gas prices in recent sessions has depressed clean spark spreads for February, pushing more coal ahead of gas in the merit order.
Oil Price
Hike in Petrol, Diesel Rates after Global Oil Price Jump
Accordingly, in the national capital, petrol was sold at the new record high level of Rs 84.45 from the previous days of Rs 84.20 a litre while diesel price inc…
Crude Oil
PetroChina's Overseas Oil and Gas Equity Production Exceeded 100 million tons
This is another 100 million tons after the overseas oil and gas equity production equivalent exceeded the 100 million tons mark for the first time in 2019.
Market Analysis
Coronavirus Causes Largest U.S. Greenhouse Gas Emissions Drop Since World War Two
The economic fallout from the uncontrolled spread of COVID-19 - especially in big emitting sectors like transportation, power and industry - resulted in a sharp…
Flammable Ice
China: Qingdao Made New Progress in the Field of Flammable Ice Mining
This is where Qingdao Haiti has once again made new progress in the research field of new methods of natural gas hydrate (flammable ice) mining.
Natural Gas
New Catalyst Can Make Natural Gas Burn Cleaner
Natural gas is the cleanest traditional fossil fuel source because it produces relatively low amounts of pollutants like carbon dioxide -- a potent greenhouse g…
Oil&Gas Drilling
Paradigm Drilling Services and Toolserv form Strategic Alliance
Paradigm Drilling Services, part of the Paradigm Group headquartered in Groot-Ammers, Holland, have announced their strategic alliance with Stavanger-based oil …
Crude Oil
Iran Signs 8 more Oil Projects as Part of plan to Boost Output by 355,000 b/d
The National Iranian Oil Co. on Jan. 11 signed eight more oil projects as part of a $6.2 billion national program started in January 2019 to boost oil productio…
Crude Oil
Almost Half of South Africa’s Oil Refining Seen Shut Until 2022
South African plants owned by Glencore and Petroliam Nasional that make up 43% of the nation’s oil-refining capacity are expected to stay shut until at least 2…
Oil & Gas Trade
Iran: Foreign Oil Firms Must Accept New Terms To Work In Country
Foreign energy firms and contractors have to accept Iran’s new terms and conditions if they return to work in the country, Iran’s Oil Minister Bijan Zanganeh …
United Kingdom
UK, EU Working Out Details of Energy Co-Operation
UK gas and electricity transmission system operators need to decide on new working arrangements with EU bodies following the UK's exit from the EU.
Crude Oil
OPEC Crude Output Cuts Should Help U.S. Shale Profits in 2021
U.S. crude oil production has fallen 2 million barrels per day in the last year as low prices and demand forced shale producers to cut their losses
Gas turbine engine
Ansaldo to Supply Gas Turbine for Polish Cogeneration Plant
Italian power manufacturing firm Ansaldo Energia will supply and maintain a natural gas-fired turbine for a Polish industrial power plant.
Oil & Gas Trade
China Trade War on Itself Sends LNG Prices Mad
Strong consumer demand, lower-than-expected temperatures across northeast Asia and a severe shortage of prompt LNG supplies and spot tanker availability have co…
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