Gas trade

Oil & Gas Trade

Average price cap forecasts fall as Ofgem revises definition of typical energy consumption

Prior to the upcoming introduction of the July Default Tariff Cap (price cap), Cornwall Insight is unveiling its latest predictions. Starting from October 2023,…

Oil & Gas Trade

Norway Approves $18.5BN Oil and Gas Projects on Norwegian Continental Shelf

According to the Norwegian Ministry of Petroleum and Energy, the greenlighted projects in the North Sea and the Norwegian Sea include new developments, further …

Oil & Gas Trade

Altera Shuttle Tankers Fixes Suezmax to Petrobras for Five Years

Altera Shuttle Tankers has sealed a deal with Brazil’s state-owned oil company Petrobras for the charter of its 2013-built suezmax Lambada Spirit.The company d…

Oil & Gas Trade

Petrobras' Green Venture: From Oil Giant to Hydrogen Exporter?

Petrobras, Brazil’s state-controlled oil giant, is setting its sights on the burgeoning hydrogen market. Mauricio Tolmasquim, Petrobras’ Director of…

Oil & Gas Trade

Investment of $75BN Needed to Reduce Oil and Gas Methane Emissions by 2030, IEA Says

Burning methane from oil production near Watford City, North Dakota. Fossil fuels made up nearly 82 per cent of the total global energy supply in 2022. APInvest…

Oil & Gas Trade

Vertex Announces First Commercial Sales of Renewable Diesel

Vertex Energy Inc., a leading specialty refiner and marketer of high-quality refined products, on June 26 announced that the company has completed its first ser…

Oil & Gas Trade

Eni and vår Energi Paying $4.9 Billion for Neptune's Entire Oil & Gas Portfolio, Bar German Business

Italian energy giant Eni has inked a sale and purchase agreement to acquire Neptune Energy Group Limited while the oil major’s majority-owned Vår En…

Australia

OMV Petrom, Romgaz to Invest up to $4.4 Bln to Develop Romania Gas Project

OMV said Wednesday that its 51%-owned OMV Petrom and Romgaz will jointly invest up to 4 billion euros ($4.37 billion) to develop an offshore natural-gas project…

Oil & Gas Trade

Serbia Establishes Joint Gas Company With Hungary

President Aleksandar Vučić, President Katalin Novak, Prime Ministers Ana Brnabić and Viktor Orban attended the session of the Strategic Council of Serbia and…

Natural Gas

Future Developments in Midstream Natural Gas Investment: Focus on Asia Pacific

Gas Exporting Countries Forum (GECF)Galia FazeliyanovaEnergy Economics AnalystAt a Glance§ Continuing underinvestment or investment 'gap' in natural ga…

Oil & Gas Trade

Pakistan Exports Record 90,000 Tons of Fuel Oil in May

KARACHI: Pakistan shipped 90,000 tons of fuel oil in May 2023 to reduce a huge stock built up over the last several months amid low demand in the country, indus…

Oil & Gas Trade

Oil Sales Plunge by 40PC in May Amid Economic Slowdown

KARACHI: The month of May witnessed a staggering 40 percent decline in oil sales compared to the same period last year, as the country grapples with an economic…

Natural Gas

LPG Prices Slashed by RS37/KG for June

ISLAMABAD: The government on Thursday lowered the prices of liquefied petroleum gas (LPG) by 15.88 percent or Rs37/kg for domestic and commercial consumers for …

Oil & Gas Trade

Japan Gas Imports Fall to Two-Decade Low on Energy Savings Push

Source: Ship-tracking data compiled by Bloomberg; Ministry of Finance Japan(Bloomberg) -- Japan’s liquefied natural gas imports last month fell to the low…

Oil & Gas Trade

Saudi Diesel Imports From Russia, Exports to Singapore Hit Records

Leading crude exporter Saudi Arabia is maximising refining profits by importing unprecedented amounts of cheap Russian diesel and in turn shipping record volume…