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Natural Gas
EU Executive Proposes Gas Price Cap at 275 Euros/MWh
The European Union executive on Tuesday proposed a gas price cap for the bloc at 275 euros ($282) per megawatt hour for month-ahead derivatives on the Dutch exc…
Oil Refinery
BP Says Rotterdam Refinery Remains Shut In Dispute Over Pay
BP said on Tuesday the planned restart of its large refinery in Rotterdam was on hold after unions said they would not help with the return to service due to a …
Germany
German Finance Ministry Wants 33% Windfall Tax on Energy Firms - Die Welt
Germany's finance ministry aims to introduce a 33% tax on oil and gas companies that have benefited from windfall profits, Die Welt newspaper reported on Tuesda…
LNG
Sempra Strikes LNG Supply Deal With ConocoPhillips
Sempra Energy said on Tuesday that ConocoPhillips will buy five million tonnes per annum of liquefied natural gas (LNG) from Phase 1 of the Port Arthur LNG proj…
Energy Investment
Britain’s Windfall Tax Risks North Sea Cash Flight, Output Drop, Industry Warns
North Sea oil and gas producers hit back after Britain's decision to raise a windfall tax on the sector, warning the move risked jeopardizing investment in the …
United Kingdom
UK to Spend £20BN Closing off 2,000 Oil and Gas Wells in Next Decade, Report Says
Offshore Energies UK estimates 200 wells will be decommissioned every year at a cost of £7.8m each
Oil Refinery
Strike at BP’s Largest European Refinery Could Deepen Diesel Crisis
Refinery workers at BP’s biggest refinery in Europe are on a partial strike over demands for higher wages and will not cooperate in efforts to restart the Rott…
OPEC
UAE Denies It Is Engaging in Discussion With Other OPEC+ Members to Change Their Latest Agreement - Minister
United Arab Emirates' energy minister said on Monday that the Gulf state denied that it is engaging in any discussion with other OPEC+ members to change their l…
Brazil
Brazil’s Incoming Government to Revoke Bolsonaro’s Biodiesel Mandate Decision
Brazil's incoming government will look to revoke a decision to keep the mandatory blend of biodiesel in diesel at 10% until March 31, 2023, a member of the tran…
Oil Price
Oil Prices Reverse Course After Saudi Arabia Denies Output Hike Rumors
Saudi Arabian officials are denying the news that OPEC is considering a 500,000 bpd output hike.
Crude Oil
Colombia Reportedly Reconsidering Its Idea to Halt on New Oil and Gas Projects
Colombia could reconsider a campaign pledge from its newly-elected leftist President Gustavo Petro to stop new oil and gas exploration licensing in the country,…
LNG
Floating LNG Projects Boom as Europe Races to Stock up on Gas
Floating LNG projects are booming in both gas-importing countries and gas-producing countries.
Crude Oil
Europe Rushes to Fill Up on Russian Diesel Before Ban Begins
European traders are rushing to fill tanks in the region with Russian diesel before an EU ban begins in February, as alternative sources remain limited.
LNG
Germany’s LNG Terminals to Cost More Than Double Earlier Estimate
The purchase and maintenance of floating liquefied natural gas (LNG) terminals to help Germany secure energy supplies and diversify away from Russian gas, will …
Natural Gas
North America’s Natural Gas Can Help Mitigate Energy Crisis
In the effort towards decarbonisation, North America could be a key player in providing affordable natural gas, addressing energy security issues.
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