Oil

LNG

Germany Weighs Leasing Additional Floating LNG Terminal

Germany has signed contracts to lease three floating liquefied natural (LNG) gas terminals and is considering getting a fourth to more quickly reduce dependence…

Gas and Power Prices Continue to Soar Due to Ukraine Conflict

Sky-high wholesale gas prices in Europe reached record levels in the first quarter this year as a result of the conflict between Ukraine and Russia, according t…

Natural Gas

US Natural Gas Storage Rises 15 Bcf, Lifting Stocks to 1.397 Tcf as Deficit Grows

US natural gas storage activity flipped back to net injections in the first week of April with an undersized addition to stocks widening the deficit and provoki…

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…