Oil

Crude Oil

Crude in U.S. Emergency Reserve Falls to Lowest Since Dec. 1984

Crude inventory in the U.S. emergency reserves fell by 3.1 million barrels in the week to Aug. 26, according to data from the Department of Energy.

LNG

Canada Sees West Coast LNG Revival as World Scrambles for Gas

Canada is taking a second crack at developing a liquefied natural gas (LNG) export industry on its west coast a decade after soaring costs and indigenous opposi…

Crude Oil

Oil Climbs on Prospect of OPEC Supply Cut, Demand Growth

UAE, Oman back Saudi view on possible output cut

Germany

Germany Prepares for Possible Nationalisation of Gazprom Germania - Paper

The German government has set up a holding company to carry out a possible nationalisation of Gazprom Germania, the energy business abandoned by Russia's Gazpro…

Clean Energy Transition

Australian Energy Crisis Gives Rise to New Gas Supply Need

Energy prices rose 400% up to AU$40 per gigajoule.

Gas Turbine

GE to Invest in US Hub to Expand Small-Turbine Manufacturing

GE will invest up to $5 million over the next two years to add a second manufacturing location for its aeroderivative units at the existing Global Technology Ce…

Natural Gas

Italgas – Gas Network Digitalisation Well Under Way

Italian gas DSO Italgas has reported operation of the first sections of new digital gas networks in northwest Italy and works under way in central Italy.

Crude Oil

Four Global Companies Shortlisted for $2BN Petrochemicals Complex in Egypt

Anchorage Investments has selected Hyundai, Samsung, Technip Energies and Tecnicas Reunidas to compete to be the main contractor for Ain Sokhna project

LNG

U.S. Natgas Falls 5% On Delay of Freeport LNG Plant Restart

U.S. natural gas futures fell more than 5% on news of a further delay in the resumption of initial operations at the Freeport LNG export plant in Texas.

Oil Price

Energy Bonanza Drives Shareholder Payouts to New Record

Energy companies reaping record profits from soaring oil and gas prices have helped global dividend payments to shareholders soar above pre-pandemic levels and …

LNG

Australian LNG Cargo Lands on UK Shores as Germany Reconnects Coal-Fired Power Plant

A tanker carrying LNG from Australia has reportedly docked in Kent.

LNG

Shell, Unions Reach Deal to End Strike at Prelude FLNG off Australia

Shell and unions representing workers at its Prelude floating liquefied natural gas (FLNG) facility have reached a wage deal to end a long-running strike and re…

LNG

Canada Studies Direct LNG Exports to Europe

Canada studies the feasibility of direct LNG exports to Germany.

Natural Gas

Norway Eyes High Gas Output Until 2030, Says Energy Minister

Norway plans to maintain its current high gas production level until the end of the decade as Europe plans to ditch Russian imports, its energy minister said on…

Crude Oil

Oil Jumps Nearly 4% On Possible OPEC+ Supply Tightening

Oil prices surged by nearly 4% on Tuesday after Saudi Arabia floated the idea of OPEC+ output cuts to support prices in the case of returning Iranian crude and …