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Oil Price
China Oil Giant CNOOC Jumps 20% in First Mainland Trading
Cnooc Ltd. jumped 20% in its first day of trading in Shanghai as mainland investors jumped at the chance for exposure to soaring oil and gas prices.
CCS
ExxonMobil Estimates $4 Trillion CCS Market by 2030
Amount is around 60% of forecast oil and gas market by that date.
Nord Stream 2
Ukraine Lobbies for Cuts in Russian Nord Stream 1 Gas Shipments
Ukraine is working behind the scenes to convince Western allies to shift Russia’s shipments of natural gas from the Nord Stream 1 pipeline to Ukraine’s pipeli…
World Needs Extra $1.3 Trillion Energy Investment by 2030
The world needs to find $1.3 trillion of incremental investment by 2030 to boost all types of energy output and infrastructure from renewables to oil and gas to…
Russian Federation
Shell Starts Withdrawing Staff From Russia as Part of Exit Strategy
Oil company is demobilising its seconded employees in ventures with Gazprom and Gazprom Neft in a phased process.
Carbon Emissions
Japanese Firms Team up to Produce ‘Carbon-Free’ Methane
Japan's largest gas retailer Tokyo Gas, engineering firm IHI and space agency Jaxa have secured a subsidy to further develop production of "carbon-free" synthet…
Oil&Gas Drilling
Empyrean Ticks off ‘Major Box’ at Chinese Well
AIM-listed oil and gas exploration company Empyrean Energy has backed up its pre-drill interpretation of seismic data related to the Jade prospect well located …
Hydrogen Project
Is Fossil Hydrogen on Its Death Bed?
The gas industry portrays fossil hydrogen as a climate friendly replacement for fossil fuels. But as Welsh crooner Mandy Rice-Davis might've said about gas lobb…
Oil and Gas Equipment
Chinese Cable Supplier Hired for Major ADNOC Oil and Gas Projects
ZTT Submarine Cable & System has secured three oil and gas subsea cable supply projects with UAE’s National Petroleum Construction Company (NPCC), set to be de…
Natural Gas
Russia Explains Gas for Rubles Switch
The new mechanism provides payment guarantees for Moscow, Foreign Minister Sergey Lavrov says.
Natural Gas
Natural Gas Demand to Slip in 2022 Amidst Russia-Ukraine Conflict: IEA
The downward forecast is equivalent to 50 billion cubic meters of LNG.
Net Zero Emission
ExxonMobil Begins Design Studies for Carbon Capture Hub
ExxonMobil Australia is undertaking early front-end engineering design studies (pre-FEED) to determine the potential for carbon capture and storage to reduce gr…
Wind Turbine
Wind-Powered Electricity Gains New Prominence but Still Long Way From Natural Gas, EIA Says
Daily wind-powered electricity eclipsed both coal-fired and nuclear electricity generation for the first time in March, though wind still pales in comparison to…
Oil&Gas Drilling
All Approvals Ready for Australian Well Drilling to Kick off Next Month
With all regulatory and environmental approvals in place, SapuraOMV is preparing to drill the Kanga-1 exploration well offshore Western Australia early next mon…
Crude Oil
North Sea Operators Renew Agreements for Exporting Oil to Flotta Terminal
Partners in several North Sea fields have reaffirmed their commitments to export the oil produced from their fields to the Repsol Sinopec Resources-operated Flo…
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