Oil

Oil Field

Australia’s Karoon Takes FID on Patola Oil Field

Australian independent Karoon Energy has made a positive final investment decision on the 10,000 b/d Patola oil field in the Santos basin offshore Brazil at a d…

Video: Expect a Big Rebound in Global Energy Demand in 2021

Oil prices have broken through $50 a barrel for the first time since February, and Big Oil stocks have seen a bounce with Exxon up 44% from its year low and Che…

Natural Gas

Turkey Expected to Announce New Black Sea Natural Gas Discoveries

Turkey has discovered further deposits of natural gas in the Black Sea, according to people familiar with the matter, and is likely to make an announcement soon…

LNG

NOVATEK and Zhejiang Energy Sign LNG Supply Agreement

PAO NOVATEK announced that as part of the Saint-Petersburg International Economic Forum, its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd.

Natural Gas

TotalEnergies and Novatek Sign Russian MoU

Companies will jointly work on emissions reductions including through use of renewables

Natural Gas

South Korea to Raise Natural Gas Inventory Requirements

South Korea's state-controlled gas importer Kogas will be required to hold natural gas inventories equivalent to nine days of demand from October, up from seven…

Natural Gas

Israel Weighing Fewer Limits on Natural Gas Exports

Israel is considering rolling back export limits on natural gas, allowing energy companies to sell more abroad before demand wanes in the global market.

Oil Field

Exxon, Equinor Invest $8 Billion In Developing Oilfield Off Brazil

Norway’s Equinor and U.S. supermajor ExxonMobil have reached the final investment decision to develop the Bacalhau oilfield in Brazil’s prolific pre-salt area…

Carbon Neutral

Chinese Oil, Gas Enterprises Set up Methane Emission Control Alliance

Chinese oil and gas enterprises have set up an alliance on methane emission control amid China's efforts to meet its 2060 carbon-neutral target.

Oil Refinery

World’s Largest Oil Refinery Project to Help Meet Nigeria’s Oil Demands

XCMG Construction Machinery will be working together with Dangote Industries Limited on the world’s largest oil refinery project to be located at Lekki Free Zo…

Gas Turbine

Japan’s KHI Builds Hydrogen-Gas Power Unit

Japanese engineering firm Kawasaki Heavy Industries is building a small-scale power generation unit for domestic refiner Seibu Oil co-fired by hydrogen and rega…

Crude Oil

Oil Extends Gains, Trading Above $70 on Upbeat Outlook​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​

Prices are expected to be elevated in the coming months as economies recover from Covid-19 pandemic, analysts say

Wind Power Company

Orsted Plans $57 bln Drive to be No.1 in Green Energy

The Danish firm, which sold its oil and gas business in 2017, has benefited hugely from policies to implement the 2015 Paris Agreement, a collective shot at lim…

Oil&Gas Drilling

Biden Administration Halts Oil Drilling in Alaska Wildlife Refuge

White House climate advisor Gina McCarthy noted Biden's promise and said the move reflected his belief that "national treasures are cultural and economic corner…

Oil Refinery

China On Track To Be World’s Largest Oil Refiner in 2021

In the global refining industry, COVID-19 has exposed a seismic shift. While China’s oil refineries forge ahead with capacity expansion, many western-based ref…