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Oil Field
South Africa Discovers Large Deep-Sea Oil and Gas Field for the First Time
South Africa’s Minister of Mineral Resources and Energy Mantashe visited the Luiperd drilling well in the waters near Moso Bay in the Western Cape Province of …
Clean Energy Transition
New York to Transition Seven Peaker Gas-Fired Power Plants
The New York Power Authority is looking at renewables with battery storage and low-to-zero carbon emission technologies to meet the peak energy demands of New Y…
Oil & Gas Trade
American Energy: Issues First Extensions of Natural Gas Export Authorizations Through 2050
The Trump Administration extended the terms of seven long-term liquefied natural gas (LNG) export authorizations through 2050.
Energy Technology
IGas and BayoTech to Develop Hydrogen Generation Systems
UK oil and gas firm IGas Energy has partnered with US on-site hydrogen generation specialist BayoTech to develop modular hydrogen generation systems for the UK …
Oil & Gas Trade
Brazil Soars to China's No. 3 Crude Oil Supplier in Sept
Brazil jumped to China's third-biggest crude oil supplier in September,as China's independent refiners scooped up cheap supplies of the South American exporter'…
LNG
LNG Tanker Rates Soar Ahead of Expected Cold Asian Winter
Shipping rates for LNG tankers have soared to their highest in a year ahead as demand for cargoes rose on expectations of a colder than expected winter in North…
Oil Field
EGYPT: BP Starts Gas Production from Qattameya field
BP has announced the start of gas production from its latest development offshore Egypt – the Qattameya gas field in the North Damietta offshore concession.…
Carbon Neutral
Japan PM Suga Sets 2050 Deadline for Carbon Neutrality
Japan's Prime Minister Yoshihide Suga on Monday set a 2050 deadline for the world's third-largest economy to become carbon neutral, significantly firming up the…
Oil & Gas Trade
South Korea Increasing LNG Imports from the United States
The United States’ LNG exports hit an all-time high with a year-on-year increase of 40.1 percent. South Korea, the largest importer, increased its imports by 2…
New Deal Between Australia and Singapore on Low-Emissions Technology
Australia and Singapore have agreed to collaborate on development of new technology to reduce emissions, with a memorandum of understanding to be signed on Mond…
Crude Oil
Putin Leaves Door Open for Opec+ Cuts Extension
Russian president Vladimir Putin says that Opec+ could maintain or even deepen its existing crude production cuts next year, the first time Russia has acknowled…
Oil Price
Global Oil Prices to Recover in 2021, Reaching $44 pb: World Bank
In its semi-annual commodity markets outlook report, which focused on the impacts of the COVID-19 pandemic on such markets, the WB said that oil prices are expe…
Biobattery
Honeywell Installs 100th Biomethane Injection Station to GRDF
Honeywell on Oct. 13 announced the installation of its 100th biomethane grid injection station to GRDF, the primary gas distribution operator in France, to supp…
Oil Shale
Argentina to Subsidize Shale Gas Production With $5.1 Billion
Argentina will give subsidies of a total of US$5.1 billion to shale gas drillers in an attempt to revive production in its Vaca Muerta shale play and attract as…
Crude Oil
Biden's Warning on Oil Tests Voter Resolve on Climate Change
The plan implied that he would wean the U.S. off oil and gas, but Biden wasn't so explicit about the industry's fate - until Thursday night.
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