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LNG
Hyundai Glovis Wins LNG Shipping Deal From Australia
Hyundai Glovis Co., the logistics unit of Hyundai Motor Group, said Tuesday it has signed a long-term liquefied natural gas (LNG) shipping deal with Australian …
LNG
Shell’s Prelude FLNG Resumes Operation
Shell has officially restarted LNG cargo operations at its Prelude FLNG facility offshore Western Australia after near four-month hiatus.
LNG
Energy Spending to Hit Record High of over $2t in 2022: Report
Global energy spending in 2022 is expected to reach a record high of more than $2t, driven by the surging oil, gas and power prices, Rystad Energy projected.
CCS
World’s Biggest Carbon Capture Project: Shute Creek’s “Sell or Vent” Business Model Isn’t Working
Delving into the world’s largest carbon capture project, ExxonMobil’s Shute Creek CCUS facility, reveals a highly questionable technology.
Natural Gas
EU, Egypt to Boost Cooperation on Natural Gas, Cabinet Says
Egypt and the European Union will enhance cooperation in energy, the Egyptian cabinet said after a meeting between Prime Minister Mostafa Madbouly and Frans Tim…
CNOOC
China's CNOOC to Raise up to $5.08 Billion From Share Issue
Chinese oil giant CNOOC Ltd said on Monday it will raise between 28.08 billion yuan and 32.29 billion yuan ($4.41 billion to $5.08 billion) by issuing new share…
LNG
U.S. Gas Storage Emptied by Exports to Europe and Asia
U.S. gas prices have climbed to their highest level in more than a decade as strong demand from overseas has emptied storage and left inventories well below ave…
Natural Gas
Oil and Gas to Catapult Global Energy Spending to Record Highs in 2022, Rystad Says
Surging oil, gas and power prices together with EU’s goals of becoming less dependent on Russian supplies and post-Covid-19 pandemic inflation will catapult gl…
United Kingdom
Ithaca Energy Gains Access to Two of the Largest Undeveloped Discoveries in UK North Sea
North Sea-focused Ithaca Energy has reached an agreement to acquire Siccar Point Energy for a price tag of nearly $1.5 billion. This is Ithaca’s second expansi…
Natural Gas
Price Volatility and Rising Demand Revive U.S. Natural Gas Trading
Natural gas trading is seeing a renaissance in the United States with the return of price volatility, while market turmoil in Europe could keep gas demand and e…
Hydrogen Project
Polish Oil Refiner to Invest €1.6bn in Hydrogen Projects by 2030
PKN Orlen has announced it will invest PLN 7.4bn on low and zero-carbon hydrogen development projects by 2030 to help build a hydrogen economy in Europe.
Crude Oil
IEA Moving Ahead with Collective Oil Stock Release of 120 Million Barrels
The International Energy Agency (IEA) has confirmed it will release 120 million barrels of oil.
Hydrogen Production
India Joint Venture Aims to Produce Green Hydrogen at Scale
Indian Oil Corporation has teamed up with Larsen & Toubro and ReNew Power to develop the nascent green hydrogen sector in India.
Oil Price
Shell Raises Russia Writedown to as Much as $5 Billion
Shell will write down up to $5 billion following its decision to exit Russia, more than previously disclosed, while soaring oil and gas prices boosted trading a…
Hydrogen Project
Kent and CGG Join for Carbon Capture and Hydrogen Projects
Oil and gas company Kent and technology business CGG have joined forces to develop carbon capture and hydrogen technologies.
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