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Oil
Crude Oil
BP Profit Triples on Soaring Energy Prices
Oil company reveals profits increased to a 14-year high.
OPEC
Saudi Arabia May Push for Higher OPEC Production
Fox News: Saudi Arabia is reportedly planning to advocate for higher production at the upcoming OPEC+ meeting.
Natural Gas
EU Gas Dependence on Russia Falls by 50%
EU countries have made headway in buying more pipeline gas from Norway, Algeria and Azerbaijan.
Oil Refinery
Global Refining Capacity to Expand With New Projects in Middle East, Asia
The world’s refining capacity is expected to increase by nearly 3 million barrels per day (bpd) by the end of next year when at least nine refinery projects ar…
Oil Field
First Oil Flows From North Sea Field
German oil and gas company Wintershall Dea has started production from its operated Nova oil field in the Norwegian sector of the North Sea.
Coal-Fired Power Plants
Holtec Unveils Green Boiler Designed to Repurpose Coal Plants
Holtec International, an equipment provider that specializes in the design and manufacture of parts for nuclear reactors, in May unveiled a “green boiler” tec…
LNG
Australia May Limit LNG Exports Amid Domestic Gas Shortage
Australia is again facing a domestic gas shortage because of excessive exports, and the Australian Competition and Consumer Commission is warning that the gover…
Oil Price
Saudi Arabia’s Economy Grows 12% In Q2 on High Oil Prices
Saudi Arabia recorded a GDP growth rate of 11.8 percent for the second quarter, driven by a 23.1-percent rise in oil income, according to preliminary data cited…
Crude Oil
As Political Deadlock Simmers, Libya Hits 1.2M Bpd Oil Production
Oil production in Libya has hit 1.2 million barrels per day, the level the country was producing prior to its declaration of force majeure in April, according t…
Natural Gas
UK Arm of Gazprom Rebrands
Gazprom Marketing & Trading, which traded as Gazprom Energy is now called SEFE Energy.
Natural Gas
Australia Considers Curbing Gas Exports to Avert Domestic Supply Crunch
Australia said on Monday it will decide whether to curb exports of liquefied natural gas (LNG) after a watchdog urged restrictions, warning one of the world's b…
Offshore Wind Power
The Potential of Offshore Wind Power in Latin America
Latin America has energetic possibilities in maritime winds. Colombia and Brazil took the first steps to develop offshore wind power. The experience of oil plat…
Natural Gas
Swiss on Track to Secure Winter Gas Reserves, SonntagsBlick Reports
Switzerland is on track to secure the natural gas reserves it is seeking for the winter heating season, the SonntagsBlick paper cited a utility sector official …
Oil Price
South Africa Authorities to Cut Fuel Pump Prices From Wednesday
South Africa will slash the pump price of fuel from the middle of next week, aiming to ease the burden on consumers of soaring energy prices since the Ukraine w…
Natural Gas
Australia’s East Coast May Face Gas Shortfall Next Year, Watchdog Warns
Australia's competition watchdog urged the federal government on Monday to consider curbing gas exports, warning its east coast could face a major shortfall nex…
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