Oil

Brazil

Shell and TotalEnergies Win Fresh Exploration Blocks Offshore Brazil

Oil majors Shell and TotalEnergies have secured six and two offshore exploration blocks, respectively, in the Santos basin offshore Brazil as part of the countr…

LNG

Egypt to Maximise Gas Production and LNG Exports to Europe Following Deal with Eni

Italian oil and gas company Eni and Egypt’s EGAS have agreed for the latter to increase the production and supply of gas to Europe.

Oil&Gas Drilling

Australian Offshore Oil Exploration Well Imminent for SapuraOMV

The Malaysian-Austrian joint venture company SapuraOMV Upstream will spud early next month the Kanga-1 oil exploration well offshore Western Australia.

Crude Oil

Major Oil Traders Cut Russian Crude Purchases Starting Next Month

Major crude trading houses are set to slash their purchases of Russian crude oil and crude products starting mid-May, anonymous Reuters sources said on Thursday…

CCS

Indonesia Advances Carbon Capture, Storage and Utilisation Ambitions

Pertamina and Mitsui in joint feasibility study to commercialise CCUS in the Southeast Asian nation.

Crude Oil

Equinor Announces New Oil and Gas Discovery in the North Sea

Preliminary estimates suggest between 25m to 50m barrels of recoverable oil equivalent.

Natural Gas

Energy Cooperation with Israel and Cyprus

Greek Environment and Energy Minister Kostas Skrekas held talks with his Israeli and Cypriot counterparts, Karine Elharrar and Natasa Pilides.

LNG

Hyundai Glovis Wins LNG Shipping Deal From Australia

Hyundai Glovis Co., the logistics unit of Hyundai Motor Group, said Tuesday it has signed a long-term liquefied natural gas (LNG) shipping deal with Australian …

LNG

Shell’s Prelude FLNG Resumes Operation

Shell has officially restarted LNG cargo operations at its Prelude FLNG facility offshore Western Australia after near four-month hiatus.

LNG

Energy Spending to Hit Record High of over $2t in 2022: Report

​Global energy spending in 2022 is expected to reach a record high of more than $2t, driven by the surging oil, gas and power prices, Rystad Energy projected.

CCS

World’s Biggest Carbon Capture Project: Shute Creek’s “Sell or Vent” Business Model Isn’t Working

Delving into the world’s largest carbon capture project, ExxonMobil’s Shute Creek CCUS facility, reveals a highly questionable technology.

Natural Gas

EU, Egypt to Boost Cooperation on Natural Gas, Cabinet Says

Egypt and the European Union will enhance cooperation in energy, the Egyptian cabinet said after a meeting between Prime Minister Mostafa Madbouly and Frans Tim…

CNOOC

China's CNOOC to Raise up to $5.08 Billion From Share Issue

Chinese oil giant CNOOC Ltd said on Monday it will raise between 28.08 billion yuan and 32.29 billion yuan ($4.41 billion to $5.08 billion) by issuing new share…

LNG

U.S. Gas Storage Emptied by Exports to Europe and Asia

U.S. gas prices have climbed to their highest level in more than a decade as strong demand from overseas has emptied storage and left inventories well below ave…

Natural Gas

Oil and Gas to Catapult Global Energy Spending to Record Highs in 2022, Rystad Says

Surging oil, gas and power prices together with EU’s goals of becoming less dependent on Russian supplies and post-Covid-19 pandemic inflation will catapult gl…