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Gas
Crude Oil
Libya's NOC Says 300,000 b/d Crude Shut in
Libya's state-owned NOC said more than 300,000 b/d of crude production is shut in at fields in the western part of the country.
Natural Gas
Petrobras Restarts Production from Brazilian Gas Field Following Pipeline Repairs
After the repairs were carried out on the export pipeline’s subsea valve, the Brazilian oil and gas giant Petrobras has resumed gas production from the Manati …
Electricity Trade
Power Prices Reach Stunning EUR 400 per MWh in Europe
Power prices reached critical levels across Europe amid a surge in costs for natural gas and an outage in France.
Crude Oil
Eni Oil Block Expected to Enter Production in Q2 2023, Ivory Coast Says
An offshore oil block in Ivory Coast controlled by Eni is expected to enter production in the second quarter of 2023 with daily output of 12,000 barrels of oil …
Crude Oil
Libya Considers Bonuses for Oil Companies to Boost Crude Output
Libya may introduce contracts with private oil companies that would give bonuses to those that meet targets and penalize those that don’t, as the OPEC member t…
Natural Gas
Washington’s Natural Gas Usage Increased in 2020
The 2020 fuel mix report was released this week, and shows that while coal-fired power decreased slightly, the use of natural gas increased.
Natural Gas
High Gas Prices Push up Electricity Cost in EU
Spot natural gas prices trading in the Netherlands soared this week near to record highs seen in October. Electricity prices have surged across Europe.
Natural Gas
New York is Banning the Use of Natural Gas in New Buildings
After several other cities in the United States, the City Council of New York passed a law banning the use of natural gas in most new buildings.
Hydrogen Project
Another EU Country Joining Low-Carbon Hydrogen Production Market
Energy companies Engie and Equinor have announced the H2BE project which aims to develop production of low-carbon hydrogen from natural gas in Belgium.
Energy Investment
Australian Resource Investment Rises in 2021
Investment in committed resource and energy projects in Australia rose in the 12 months to the end of October from a year earlier, led by increased investment i…
Natural Gas
Brazil’s Gas Production Grew in November
Available natural gas was up by 8.1pc compared to previous month's levels, according to preliminary data from Brazil's oil and gas regulator ANP.
Crude Oil
Goldman Says Oil could hit $100, Demand might Reach ‘New Record High’ in the Next Two Years
Goldman Sachs predicts a new high in oil demand in 2022, and again in 2023.
Oil Field
Malaysia’s Pegaga Field May Start Gas Output in January
Malaysia's state-owned Petronas may be targeting a 20 January start to production at its Pegaga gas field offshore Sarawak, after the detection of high mercury …
Hydrogen Project
Equinor, Engie Explore Large gigawatt Scale Hydrogen Production in Belgium
Equnior and Engie want to produce cost-competitive hydrogen at large gigawatt scale from natural gas using autothermal reforming technology combined with CCS in…
LNG
Mozambique Makes Gains Against Militants Disrupting TotalEnergies’ LNG Project
Mozambique has made gains against Islamic State-linked insurgents who disrupted the southeast African nation’s multibillion gas project, according to President…
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