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$111 Billion Investment on Petrobras’ Five-Year Agenda
Brazil’s state-owned oil and gas giant Petrobras has unveiled its new business plan for the 2025-2029 period (BP 2025-29) and strategic plan 2050 (SP 2050…
Natural Gas
B&W to Convert Coal Plant to Gas for AES Indiana
The B&W Thermal business of Ohio-based Babcock & Wilcox (B&W) has received full notice to proceed under an agreement for a coal-to-natural gas conversion projec…
Oil & Gas Trade
OPEC+ Appears Set to Hold Its Next Key Meeting on Output Online
OPEC+ delegates said they assume next month’s meeting on plans to restore oil production will be held online, rather than at their Vienna headquarters as …
United States
Landbridge Acquires 46,000 Surface Acres In Southern Delaware Basin
LandBridge Co. LLC has agreed to acquire approximately 46,000 largely contiguous surface acres in the Southern Delaware Basin from VTX Energy Partners LLC. The …
Oil & Gas Trade
India Is Leading Source Of Oil Demand Growth In EIA Forecast
In its latest short term energy outlook (STEO), which was released recently, the U.S. Energy Information Administration (EIA) said India has emerged as the lead…
Oil & Gas Trade
Big Oil Accelerating Investment in Biofuels: Rystad
BP PLC, Chevron Corp., Eni SpA, Exxon Mobil Corp., Shell PLC and TotalEnergies SE have announced a total of 43 biofuel production projects with a combined 286,0…
Solar project
Brown University’s Solar Project, the Largest in the State, Is Complete
MN8 Energy announced it completed construction of Brown University’s unprecedented solar facility.MN8 Energy announced it has completed the Dry Bridge Sol…
Natural Gas
PAG Said to Sell AirPower’s Gas Business for $6.8 Billion
PAG, one of Asia’s biggest alternative asset managers, agreed to sell the industrial gases business of AirPower Technologies Ltd. to a Chinese consortium …
Natural Gas
Asian LNG Jumps to Highest This Year as European Benchmarks Rise
North Asia spot liquefied natural gas prices jumped to the highest level this year on increased competition from Europe for the heating and power plant fuel.The…
Natural Gas
Nigerians Are Switching Cars to Compressed Natural Gas After Petrol Prices Surge
Long queues of cars are a common sight at petrol stations across Nigeria, but for some drivers turning to compressed natural gas, pumps are becoming a thing of …
Indonesia
BP and Partners to Invest $7 Billion in Carbon Capture Project in Indonesia’s Papua
The BP logo is seen at a BP gas station in Manhattan, New York City, U.S., November 24, 2021. REUTERS/Andrew Kelly/File PhotoBP (BP.L), opens new tab and partne…
Oil Price
Occidental CEO Warns US Is at Risk of Losing Energy Independence
Occidental Petroleum Corp. warned that US energy independence is at risk of slipping away if shale output plateaus and begins to decline.It’s going to sta…
Crude Oil
Petrobras Announces $3.4 Billion in Extraordinary Dividends
Petroleo Brasileiro SA announced 20 billion reais ($3.4 billion) in extraordinary dividends in a sign that Brazil’s state-controlled oil giant will contin…
Wind Farm
Surging Wind Power Could ‘More Than Halve’ UK Electricity Prices
Continued reliance on gas-fired generation will eventually push power prices back up, finds analysis, although doing away with gas entirely would be even more e…
Decarbonization
Funding Helps School Decarbonise Heating With Air Source Heat Pumps
A secondary school in Ruthin, North Wales, has replaced its gas boilers with renewable air source heat pumps, thanks to funding from the Welsh GovernmentImage: …
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