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Gas
LNG
Russia’s Novatek and Siemens Energy ink Deal to Decarbonise LNG Production
As part of the Agreement signed on December 10, Novatek and Siemens Energy will commence implementing a project to replace fuel natural gas used in the producti…
Biomass Power Plant
Punjab Cabinet Approves IOCL's Proposal to Set up Compressed Biogas Plant
The Punjab cabinet on Thursday gave in-principle approval to Indian Oil Corporation Ltd for setting up a compressed biogas plant at the site of closed cooperati…
Oil Price
Oil Prices Rise, hit 9-Month High on U.S. Stimulus Progress
Oil climbed on Thursday and touched a nine-month high, with traders optimistic about progress toward a U.S. fiscal stimulus deal and record-breaking refining de…
Oil & Gas Trade
Putin: Russia Reduces Its Dependence On Oil
Russia is successfully weaning itself off oil revenues, President Vladimir Putin said today during an annual end-of-the-year news conference, as quoted by RT.
Energy Security
Alaska Environmental Regulator Reports 190-Barrel Oil Spill at Hilcorp site on Cook Inlet
An oil spill at a Hilcorp Alaska facility on the west side of Cook Inlet was discovered Tuesday afternoon, a state environmental regulator said Wednesday.
Crude Oil
Oil Jumps On Crude Inventory Draw
Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 3.1 million barrels for the week to December 1…
Oil & Gas Trade
Egypt And Iraq Sign Landmark Oil Deal
Egypt and Iraq have signed an oil-for-reconstruction plan this December, expected to come into effect once constitutional procedures have been completed.
Oil Shale
U.S. Shale Oil Output to Drop 136,000 bpd to 7.44 million bpd in Jan – EIA
U.S. oil output from shale formations is expected to decline by about 136,000 barrels per day in January to 7.44 million bpd, the lowest since June, the U.S. En…
Oil & Gas Trade
China's LNG Imports Could Hit Record High in Dec as Demand Bounces Back
The world's second largest LNG importer after Japan is on track to import its highest monthly volumes since December 2019, Refinitiv shiptracking data showed.
LNG
Video: Germany Begins Constructing Its First Liquified Natural Gas Terminal
Liquified Natural Gas or LNG is not very popular in Germany yet, but the US is against completing the Nord Stream 2 pipeline from Russia, so Germany may have to…
Crude Oil
OPEC President: OPEC+ Shouldn’t Hurry To Ease Oil Output Cuts
The OPEC+ group of producers must continue to calibrate the easing of its collective oil production cuts to the still fragile global oil demand in the pandemic.
Oil&Gas Drilling
Cyprus Natgas Search Rescheduled for late 2021
Natural gas explorations south of Cyprus and near Egypt’s giant offshore gas fields will resume in the latter part of next year with the energy companies invol…
Natural Gas
MODEC Awarded Operations and Maintenance Contract for Sangomar FPSO
Following the FPSO purchase contract which was signed between Woodside and MODEC on 10 January 2020, with respect to the supply of the FPSO, MOSEN will be respo…
LNG
First-Ever LNG Bunkering at Port of Hamilton
A new partnership between the Hamilton-Oshawa Port Authority and REV LNG has enabled marine vessels to refuel with LNG during any stopover at Hamilton Port.
Market Analysis
EU Leaders Stress Green Hydrogen Priority in Race to Net-Zero
'Other technologies' acknowledged but neither gas- nor nuclear-based H2 are mentioned explicitly
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