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OPEC
OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period
LNG
27-10-2022
LNG Ships Play Waiting Game off Spain’s Coast as Higher Prices Eyed
Several ships carrying liquefied natural gas (LNG) anchored off Spain's Bay of Cadiz are likely to stay there until late November in anticipation of a rise in European gas prices, industry sources said.
Crude Oil
27-10-2022
World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022
The World Bank has predicted that energy prices will decline by 11% in 2023 after having surged 60% in the current year following the war in Ukraine.
Guyana
27-10-2022
Exxon Makes More Oil and Gas Discoveries Offshore Guyana
U.S. oil and gas major Exxon Mobil has announced on Wednesday that it has made two more discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, bringing discoveries on the block to more than 30 since 2015.
Egypt
26-10-2022
Egypt Oil Min Says Framework Agreement in Place on Gaza Marine Field
Egypt's petroleum minister confirmed on Tuesday a framework agreement had been reached to develop the Gaza Marine gas field offshore Gaza and talks were under way to conclude a final deal.
LNG
26-10-2022
Italy Commissioner Oks New LNG Terminal in Piombino
A state-appointed commissioner on Tuesday formally approved the set up of a new liquefied natural gas (LNG) terminal in the Italian port of Piombino, on the western coast of the country.
Natural Gas
26-10-2022
EU Edges Towards Gas Price Cap With More Emergency Talks
European Union energy ministers will hold another emergency meeting in November to try to make progress on a bloc-wide gas price cap, after talks on Tuesday left it unclear when Brussels would make a firm proposal on the measure.
Natural Gas
25-10-2022
EU Countries Look to Map Out Path to Gas Price Cap
European Union energy ministers will discuss a bloc-wide gas price cap on Tuesday, attempting to navigate their next steps although it is likely to be weeks before any final decisions.
Natural Gas
25-10-2022
Factbox: How Is Germany Replacing Russian Gas?
Germany, Europe's biggest economy and historically a major importer of Russian gas, is scrambling to secure alternative supplies following a plunge in flows from Russia.
Natural Gas
25-10-2022
Wave of LNG Tankers Is Overwhelming Europe in Energy Crisis and Hitting Natural Gas Prices
60 liquified natural gas vessels are slow sailing or anchored around Northwest Europe, the Mediterranean, and the Iberian Peninsula, according to MarineTraffic.
Oil Refinery
24-10-2022
French Government: On Right Track Over Further Easing Petrol Supply Problems
The French government said on Sunday that France was on the right track over further easing the problem of petrol service stations not having enough petrol due to strikes at oil refineries.
Oil Price
24-10-2022
Portugal’s Galp Quarterly Profit up 16% On Higher Oil Prices, Better Margins
Portuguese oil and gas company Galp Energia reported a 16% increase in adjusted third-quarter profit on Monday, thanks to soaring oil prices and a near-doubling of its refining margin.
Oil Field
24-10-2022
Oil Giant Schlumberger Rebrands Itself as SLB for Low-Carbon Future
Schlumberger, the world's largest oilfield services provider, is rebranding itself with a new name, color scheme and logo that underscores its ambitions for a lower-carbon future.
Natural Gas
24-10-2022
Floene – Largest Gas Distribution Operator in Portugal
Portugal’s largest gas distribution network Galp Gás Natural Distribuição has been renamed Floene.
LNG
24-10-2022
CEZ Seeks Higher Capacity at Dutch LNG Terminal, Wants Damages From Gazprom
Czech power utility CEZ is in talks to raise the capacity it has booked at a new Dutch liquefied natural gas (LNG) terminal.
Natural Gas
24-10-2022
Uniper Shuts Down 50% Of Headquarters to Save Gas
German utility Uniper is shutting half the office space in its headquarters and lowering temperatures in areas remaining open to save gas.
LNG
24-10-2022
Philippines Sees Room for LNG Despite Renewables Push
The use of LNG imports for power generation in the Philippines next year should not be a disincentive for investors in renewables.
Oil Price
23-10-2022
Goldman: U.S. SPR Crude Releases to Have Modest Price Influence
The Biden administration's plan to continue releasing the Strategic Petroleum Reserves (SPR) "as appropriate" to bring down retail rates poses limited downside from current crude price levels.
Oil Shale
23-10-2022
Shale Firms Discount 'U.S. Put' as Inadequate to Lift Oil Output
U.S. shale oil executive Matt Gallagher this week took a poll on Twitter to gauge sentiment toward President Joe Biden's offer to stock the U.S. emergency oil reserve at prices around $72 a barrel, to give producers an incentive to drill more.
Oil Refinery
23-10-2022
Exxon Shares Surge to Record High on Strong Earnings Outlook
Exxon Mobil Corp shares passed their all-time high on Friday as oil prices resumed their climb and analysts raised their long-term views of top U.S. oil producer's cash flow and earnings outlook.
Natural Gas
21-10-2022
Hungary Will Not Agree to EU Gas Price Cap, Will Need Exemption
Hungary will not agree to an EU price cap on imported gas because it would end Russian deliveries, a senior aide to Prime Minister Viktor Orban said, adding that if the EU decides on a cap it would have to exempt Hungary, as it did for oil.
Natural Gas
21-10-2022
EU Leaders to Keep Studying Gas Price Caps
European Union leaders ended another debate on the bloc's response to the energy crunch without agreement on whether to cap gas prices, deciding in the early hours of Friday morning to keep examining options to put a ceiling on costs.
Natural Gas
21-10-2022
Energy Crisis Poses Existential Threat to Europe’s Industry
European industries are struggling to stay competitive amid soaring energy costs.
Oil Price
20-10-2022
US to Release an Extra 15M Barrels of Oil Amid Skyrocketing Prices
US officials have hinted at more releases if prices continue to surge.
Oil Refinery
20-10-2022
Workers Continue Strikes at TotalEnergies Normandy and Fezyin Refineries - Union
Workers at TotalEnergies Normandy and Feyzin refineries decided to continue a strike which has dragged on for almost four weeks on Thursday.
Oil Field
20-10-2022
Baker Hughes Sees Bright 2023 for U.S. Oil
Baker Hughes Co. reported third-quarter results and posted a loss, compared with a profit last year.
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