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Crude Oil
Oil Prices Inch Even Lower Following Devastating 7% Single-Day Loss
After plunging nearly 7% on Monday, oil prices saw a leveling off and even a smidgeon of a rebound on Tuesday in what many hope will be a new state of calm in t…
CCS
Chevron’s Carbon Capture Project Falls Short Of Requirements
The world’s largest oil firms may need to be careful relying on carbon capture and storage to reduce emissions from operations as much as they would like.
Crude Oil
U.S. Crude Oil Exports Reached Record Levels in 2020, Remain High in 2021
Despite volatility in global oil markets, U.S. crude oil exports reached a record high in 2020.
LNG
Japan’s Toho Gas Starts Carbon-Neutral City Gas Supply
Japanese gas distributor Toho Gas plans to start carbon-neutral city gas supplies as a part of its effort to achieve decarbonisation by 2050.
Crude Oil
Sapref to Restart Durban Refinery
BP and Shell's South African joint venture Sapref will restart its 180,000 b/d Durban refinery tomorrow after a temporary shutdown last week in response to civi…
Net Zero Emission
Britain Eyes New Body to Run Its Energy Systems and Meet climate targets
Britain’s government plans to create a new energy system operator to help the country meet its net zero emissions target, which could replace the role of Natio…
Energy Transition
BHP Considering Exiting Oil and Gas Business
Global miner BHP Group is considering getting out of oil and gas in a multibillion-dollar exit as it looks to speed up its retreat from fossil fuels.
Oil Price
Video: OPEC Deadlock That Drove Oil Prices Up Finally Resolved, Will Petrol And Diesel Prices Fall?
Standoff due to economic rivalry among oil-rich countries in the Middle East has ended.
Hydrogen Project
Saipem Launches Offshore Energy Green Hydrogen Plan
Suiso will combine floating wind and solar and marine power systems to convert oil and gas facilities
Natural Gas
Pakistan, Russia Sign Gas Pipeline Agreement
The governments of Pakistan and Russia have signed a preliminary agreement for the construction of the 16.5bn m³/yr Pakistan Stream Gas pipeline, which could a…
Oil & Gas Supply
Brazilian Gas Availability up by 4.5pc in June
The amount of Brazilian natural gas output offered to the market after flaring, loss and reinjection rose by 4.5pc in June from a year earlier and by 1.7pc from…
Oil Field
B.C. Fracking Fields Emit 1.6 to 2.2 Times More Methane than Federal Estimates
Methane emissions from British Columbia oil and gas fields are 1.6 to 2.2 times higher than the federal government is estimating, according to yet another study…
OPEC
OPEC+ is Boosting Oil Production, Ending Dispute that Shook Energy Markets
OPEC+ agreed to increase oil production Sunday, as demand roars back and prices surge, ending a dispute between the United Arab Emirates and Saudi Arabia.
Floating Offshore Wind
Plan to Power Oil & Gas Ops with Floating Wind Unveiled in Azerbaijan
SOCAR and Technip Energies have signed a cooperation agreement which, among other things, will see the two companies working on a joint pilot project for poweri…
United States
Texas Oil Cos in $370MM Merger Deal
Penn Virginia Corporation has revealed that it has entered into a definitive merger agreement with Lonestar Resources US Inc. to acquire the company in an all-s…
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