Oil

Net Zero Emission

Singapore Bank DBS Sets Decarbonisation Targets for Key Sectors

Singapore's DBS Group has set decarbonisation targets for nine industry sectors, including power, oil and gas, aviation and shipping, and reinforced its commitm…

Oil&Gas Drilling

Adnoc and Eni Evaluate ‘Fast Track’ Development Options for Sizeable Offshore Discovery

Project centres around leveraging other schemes currently being developed in Abu Dhabi as well as utilising existing Adnoc facilities

Natural Gas

Czech Government Approves Electricity, Gas Price Cap

The Czech government agreed on Monday to cap electricity and gas prices next year to shield households from soaring prices on markets, Prime Minister Petr Fiala…

Crude Oil

U.S. Emergency Oil Reserves Tumble to Lowest Since 1984

U.S. emergency crude oil stocks fell 8.4 million barrels last week to 434.1 million barrels, their lowest since October 1984, according to U.S. Department of En…

Gas Turbine

GE Gas Turbines Power New-Look Bangkok Plant

Two new gas-fired combined cycle blocks of around 1400MW have gone into commercial operation this week at Thailand’s Bang Pakong power plant.

LNG

JERA, Uniper Partner to Procure LNG, Clean Ammonia

This is to improve stability of energy supply in Japan and Germany.

Oil Shale

INEOS Renews UK Shale Gas Offer as Prime Minister Truss Lifts Fracking Ban

Energy company INEOS has renewed its offer to the UK government and new Prime Minister Liz Truss to drill a shale gas test well in the UK.

Oil Price

Oil Prices Climb on Tight Supply Worries

Oil prices rose by as much as $1 per barrel on Thursday after dropping below key technical support levels in the previous session, as an energy standoff between…

Coal Mine

Can South Africa Kick Its Coal Addiction?

A South African court has ruled that Shell will not be allowed to go ahead with its offshore oil and gas exploration project off the Indian Ocean Coast.

Oil & Gas Trade

New UK Prime Minister Opposes Windfall Tax on Energy Companies

UK's new Prime Minister Liz Truss said she was against the windfall tax on oil and gas companies operating in the UK.

Oil Price

What Will Be Inside UK’s Energy Bill Package for Households and Businesses?

Britain’s new Deputy Prime Minister has confirmed that details of the government’s support will be revealed later this week

Natural Gas

Exxon and Shell Look To Sell $1.5 Billion Natural Gas Venture

Supermajors ExxonMobil and Shell are looking to sell their 50/50 NAM natural gas producing joint venture in the Netherlands in a potential sale worth up to $1.5…

Natural Gas

French Urged to Cut Energy Use by 10%

Saving energy could help France avoid rolling blackouts and energy rationing this winter, the French President has said

Crude Oil

Norwegian Energy Giant Equinor Completes Russia Exit

It has exited from four joint ventures with state-owned Rosneft as well as the Kharyaga oilfield project

LNG

South Korea-Oman Energy Supply Chain Critical Amidst Rise in LNG Prices

South Korea’s Trade, Industry, and Energy Minister Lee Chang-Yang, and Oman’s Energy and Minerals Minister Salim bin Nasser Al Aufi discussed bilateral energy…