Trade

Oil & Gas Trade

Energy Workforce & Technology Council: Oilfield Services Employment Highest Since March 2020

(WO) — Employment in the U.S. oilfield services and equipment sector rose by an estimated 3,069 jobs to 652,090 in January, according to preliminary data from …

Oil & Gas Trade

Shell and Conocophillips More Than Doubled Their Earnings in 2022

The British oil and gas company Shell has released its 2022 results, posting a US$40bn profit for the year, a more than twofold increase compared to its 2021 ea…

Carbon capture

Compact CO2 Capture System Receives “Awards for Excellence” at the 2022 Nikkei Excellent Products and Services Awards

-- Aim for Expanded Use Globally under the Trade Name "CO2MPACT" --- Compact and highly versatile module configuration significantly shortens time required for …

LNG

Mayer Brown Advises Itochu Corporation in 15-Year LNG Sale and Purchase Agreement With Rio Grande LNG LLC

Singapore, 31 January 2023 – Mayer Brown advised Itochu Corporation in connection with a 15-year Liquified Natural Gas (LNG) sale and purchase agreement with R…

Oil & Gas Trade

EU Ramps up Non-Russian Diesel Imports Ahead of Embargo

EU imports of non-Russian gasoil and diesel rose sharply last week, helping to build up inventories ahead of the bloc's impending embargo on Russian oil pro…

Oil & Gas Trade

Libya’s Oil Ministry Rejects Key Noc-Eni Gas Deal

Libya's oil ministry has rejected the $8bn offshore gas projects deal signed between the country's state-owned NOC and Italy's Eni on 28 January, sa…

Electricity Trade

Türkiye’s Daily Power Consumption Down 5.21% On Jan. 28

Daily electricity consumption in Türkiye decreased 5.21% on Saturday compared to the previous day, totaling 871,710 megawatt-hours, according to official f…

Oil & Gas Trade

Big Oil Saw Record $199Bn Profits In 2022 But 2023 Will Be Different

ExxonMobil, Chevron, Shell, TotalEnergies, and BP reaped almost $200 billion collectively last year but the outlook for 2023 does not look so bright.ExxonMobil,…

Oil & Gas Trade

U.S. Lawmakers Ask Kerry to Urge Uae to Replace Oil Boss as COP28 President

United Arab Emirates' Industry Minister Sultan Ahmed Al Jaber speaks during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu …

Oil & Gas Trade

Italy’s Eni Signs $8 Billion Libya Gas Deal as PM Meloni Visits Tripoli

Eni Chief Executive Claudio Descalzi and National Oil Corporation (NOC) head Farhat Bengdara attend the signing of an agreement between the two companies as Ita…

Indonesia

Indonesia Will Issue Emission Quotas for 33.6 GW of Coal-Fired Plants in 2023

Indonesia will issue emission quotas for several coal-fired power plants before the end of January 2023, as a first step towards creating a mechanism for domest…

Personnel Appointment

CONSOL Energy Appoints New President

CONSOL Energy Inc. has announced the promotion of Mitesh B. Thakkar to the position of President, in addition to his current role as Chief Financial Officer (CF…

Oil & Gas Trade

Colombia Will Not Issue New Oil and Gas Exploration Contracts

The Colombian Ministry of Mines has announced that Colombia would not issue new oil and gas exploration contracts, and will now rely on tourism and green energy…

Oil Price

Oil Prices Retreat in Thin Trade, but China Outlook Offers Support

Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. Picture taken August 22, 2019. REUTERS/Stringer/File P…

Electricity Transmission

Winter 2023-24 price cap forecasts fall further below EPG, but long-term prospects remain uncertain

The latest forecasts for the Default Tariff Cap (price cap) released by Cornwall Insight, have shown energy bill predictions for a typical household1 have falle…