Oil

Oil & Gas Trade

Shell’s Profit Soars on Higher Oil and Gas Prices

Oil major Shell booked a huge profit in the first quarter of the year on the back of higher oil and gas prices despite taking a charge due to its phased exit fr…

Oil Price

OPEC+ Set to Stick to Modest Oil Output Rises amid Price Rally

OPEC+ will likely stick to modest oil output increases on Thursday arguing it is not responsible for geopolitics and supply disruptions.

Oil Price

Shell Posts Record Profit on High Energy Prices and Trading Boost

Shell reported on Thursday a profit of $9.13 billion in the first quarter, its highest ever, boosted by higher oil and gas prices and a strong performance of it…

Gas Turbine

Siemens Energy Sells 100th H-Class Gas Turbine—Fleet Exceeds 2.5 Million Operating Hours

In late March, Siemens Energy announced separate agreements with Guangdong Energy Group Co. Ltd. and Shenzhen Energy Group Co. Ltd., in which the gas turbine gi…

United Kingdom

UK Asks North Sea Oil and Gas Sector to Set out Plan to Reinvest Profits

Business minister Kwasi Kwarteng has written to the North Sea oil and gas industry asking it to set out a clear plan to reinvest its profits into British energy…

LNG

LNG Terminals in Europe Are Filling up Fast

Europe’s LNG terminals are maxed out as the region continues to import record amounts of gas.

Oil Field

Shell Fined £50K for Breaching Production Consents

The UK’s oil and gas regulator fined Shell UK £50,000 for breaching five field production consents.

LNG

U.S. Authorizes More LNG From Two Plants in Development

The U.S. Department of Energy said on Wednesday it authorized additional liquefied natural gas shipments from two plants in construction and development.

Carbon Emissions

Canada Oil Industry Needs $51 Billion to Decarbonize

​Canada’s oil sands producers would need investments amounting to some US$51 billion (C$65 billion) to be able to reduce its emissions footprint while increas…

Oil Refinery

American Oil Refiners Set for a Blowout Year

Soaring fuel prices have been a boon for U.S. refiners this year.

LNG

Tree Energy Solutions Fast Tracks German Green Gas Project

Tree Energy Solutions fast tracks Wilhelmshaven green gas project to bolster German and European energy security amid the Ukraine crisis.

Oil Demand Predicted to Peak by 2025

Power consumption is expected to triple by 2050, according to a new report.

Crude Oil

EU Steps Up Purchases of U.S. Oil

EU crude oil imports from the U.S. are ramping up as the EU mulls an import ban on Russian crude.

Oil Field

Chinese Giant Brings on Stream Two Projects in Bohai Sea

Chinese oil and gas player CNOOC Limited has kicked off production from two oilfield development projects located in the Bohai Sea off China.

Oil&Gas Drilling

Shell Gets Closer to Drilling North Sea Gas Target This Year

Oil major Shell and its London-based partner Deltic Energy are planning to drill an exploration well on the Pensacola gas prospect in the UK sector of the North…