Oil

Gas Turbine

Siemens Energy Says It Has No Damage Reports From Gazprom on Nord Stream 1 Turbines

Siemens Energy on Wednesday said it had not received any damage reports regarding the turbines of Nord Stream 1 gas pipeline from Russia's Gazprom so far.

Natural Gas

Europe Signs off Voluntary Gas Cuts to Combat Energy Crunch

Member states agreed to reduce their gas demand by 15% compared to their average consumption in the past five years

LNG

US Takes Over as World’s Largest LNG Exporter

LNG exports increased by 12% in the first half of 2022, averaging 11.2 billion cubic feet per day, compared with the second half of 2021

Australia

Australia’s Westpac to Slash Lending to Coal, Oil Companies by 2030

Australia's Westpac Banking Corp unveiled its plans on Wednesday to reduce lending to coal, oil and gas companies by nearly a quarter by 2030, joining its peers…

United Kingdom

Shell Greenlights Investment in Major Gas Field in the UK North Sea

Located nearly 250 kilometres east of Aberdeen, Scotland, the Jackdaw field is expected to come online by 2025

Natural Gas

EU Backs €406.4M Dutch Scheme to Support Filling of Gas Storage Facility

The scheme will enable the Netherlands to ensure existing gas storage facilities are filled up to at least 80% of their capacity by 1st November 2022 and comply…

Oil Price

Guyana Looks to Attract New Players in Upcoming Oil Tender

Guyana's President Ali hopes that new players in Guyana will add diversification.

Oil Price

Oil Prices Slide as IMF Sees Global Economy Teetering on the Brink

IMF slashes global GDP growth forecasts for this year, to 3.2%.

Natural Gas

US Natural Gas Hits Highest Level Since 2008, on Pace for Best Month Ever as Russia Cuts Supply

Natural gas prices are surging around the world as scorching temperatures stoke demand for the fuel, and as Europe’s push to move away from Russian fuel roils …

Natural Gas

Russia to Cut Nord Stream 1 Gas Supplies to 20% Of Capacity From July 27

Move comes after Russia's Gazprom says another key turbine has to be closed due to repairs

Oil Refinery

NTPC, IndianOil Partner to Form JV for Renewable Energy

IndianOil plans to supply the additional power requirements of its refineries with RE by December 2024.

Record Profits Could Convince Oil Majors to Hike Dividends

Strong up-and-downstream performance make for strong big oil earnings expectations.

Crude Oil

Guyana Poised to Break $1 Billion in Oil and Gas Revenue This Year

Guyana’s government oil and gas revenue is set to surpass $1 billion in 2022.

Brillouin Energy Demonstrates High-Tech Boiler That Can Pave the Way to a Clean Energy Future

Brillouin Energy Corp will demonstrate publicly at ICCF24 a revolutionary new high-tech boiler system that can help the world transition from fossil fuel energy…

Germany

German Government ‘Likely to Face Legal Challenges to Gas Rationing’

Law experts suggest some German businesses see gas rationing as a “nightmare scenario”