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Italy Eyes 19 Billion Euros in Energy Investments as It Reviews Post-covid Plan
Italy said on Thursday it planned to use EU money to fund an investment programme worth around 19 billion euros ($21 billion) to strengthen power and gas grids …
Natural Gas
TC Energy to Spin off Oil Pipeline Business, Focus on Natural Gas
TC Energy's logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/IllustrationNorth American pipeline company TC…
LNG
Samsung Heavy Industries Remains in Black With $46M Profit
Samsung Heavy Industries stayed in the black for a second consecutive quarter, reporting an operating profit of 58.9 billion won ($46.1 million) driven by its f…
Oil&Gas Drilling
Neptune Energy Starts Gas Production at Adorf Z18 Well, Germany
Neptune Energy has announced first production from its operated Adorf Z18 gas well, in the municipality of Georgsdorf, North-Western Germany.The Z18 well - in t…
Oil Price
Shell's Profits Tumble 56% To $5 Bln as Energy Prices Cool
The logo of British multinational oil and gas company Shell is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, …
Oil&Gas Drilling
Totalenergies Begins Drilling at Tilenga Oil Project in Uganda
TotalEnergies is the operator of the project. Credit: HJBC via Shutterstock.French energy major TotalEnergies has commenced commercial drilling at the Tilenga o…
Nuclear Reactor
MHI to Lead Development of Japanese HTGR
Japan's Agency for Natural Resources and Energy - part of the Ministry of Economy, Trade and Industry - has selected Mitsubishi Heavy Industries (MHI) as th…
LNG
Klaipeda Lng Terminal Assigns 6 Twh Regasification Capacity for 2024
Following the conclusion of the annual Klaipeda LNG terminal capacity allocation procedure by the Lithuanian LNG terminal operator Klaipedos Nafta (KN), the ter…
Oil & Gas Trade
With 18 Oil & Gas Projects, Worth $60.2 Billion, in the Works, Qatar Set on Upping the LNG Ante
As Qatar has 18 projects under development across the oil and gas sectors, with an estimated capital expenditure (CAPEX) of $60.2 billion, the Persian Gulf stat…
LNG
Hudong-Zhonghua Locks in New Order to Build LNG Carrier Duo for COSCO, CNPC
Chinese shipbuilder Hudong-Zhonghua Shipbuilding has signed a contract with COSCO Shipping Energy and PetroChina, part of China National Petroleum Corporation (…
LNG Carrier
Singapore Readies for Its 1st Methanol Bunkering OP
Singapore’s maritime industry is abuzz with anticipation as it prepares to carry out its first methanol bunkering operation this week.The operation will t…
LNG
LNG Canada Completes Tank Hydro Testing
Hydro testing of the tank at the site of Canada’s first LNG export facility, the Shell-led LNG Canada project in Kitimat, British Columbia, has been compl…
Egypt
Egypt to resume LNG exports in fall
Egypt is set to resume liquefied natural gas (LNG) exports in the fall, citing Petroleum and Mineral Resources Minister Tarek El Molla.Egypt is currently using …
Petronas reports 6 oil and gas discoveries off Sarawak coast
Malaysia state oil company Petroliam Nasional Berhad, or Petronas, said on Monday it has made six oil and gas discoveries in five blocks off the coast of Sarawa…
Oil Price
Oil prices rise as tight supply counters expected rate hikes
Brent crude futures rose 44 cents, or 0.6%, to $81.51 a barrel by 11 GMT. U.S. West Texas Intermediate (WTI) crude was at $77.51 a barrel, also up 44 cents, or …
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