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Oil&Gas Drilling
UK Firm Chosen to Drill Well Offshore Isle of Man
Isle of Man-based Crogga Limited has awarded Aberdeen-based energy services company THREE60 Energy with a contract to drill an appraisal well this year in the C…
Oil & Gas Trade
OPEC Stands by 2023 Oil Demand Forecast Amid Improving Outlook in China
Opec says it is holding to its forecast demand for crude this year despite forces arraying against it. ReutersOpec stuck to its global oil demand forecast for t…
Gas power plant
Energy Storage Being Added to California Gas-Fired Peaker Plants
A North Carolina-based group that provides battery energy storage and software technology is set to co-locate 420 MWh of storage at four natural gas-fired facil…
Oil Exploration
Totalenergies to Invest $1 Billion in Oil Development Offshore Brazil
(WO) — TotalEnergies has approved the final investment decision of the Lapa South-West oil development in the Santos Basin, 300 km off the coast of Brazil.offs…
Natural Gas
Enagás Buys Stake in UK-Netherlands Subsea Gas Pipeline Operator
Spanish energy company Enagás has reached an agreement with Germany’s Uniper to acquire a 20% stake in the Dutch BBL Company, an owner of a 235-kilometre subs…
Electricity Trade
Drop in Power Price Predictions up to 2030 but Prices to Remain Above Pre-2021 Levels for Next Decade
New data from Cornwall Insight has shown a drop in our predictions for power prices up to 2030 as Europe secures alternative energy supplies, compensating for r…
Qatar
Russian Gas Will Eventually Return to Europe as Nations ‘Forgive and Forget,’ Qatari Energy Minister Says
On Friday, Russian energy supplier Gazprom said it would not resume its supply of natural gas to Germany through the key Nord Stream 1 pipeline, blaming a malfu…
Hydrogen Fuel Cell Vehicle
Rolls Royce Runs Gas Engine on 100% Hydrogen
Rolls-Royce Power System says it has successfully run a gas engine on 100% hydrogen fuel.The tests were carried out using a 12-cylinder gas variant of the mtu S…
Energy Security
Quick Fix Completed at Gas Pipeline Incident Site in Lithuania
Lithuania’s gas pipeline operator Amber Grid has completed remedial work on the gas trunk line that caught fire on Friday afternoon, with images of flames…
Crude Oil
Keppel Offshore & Marine Former Senior Managers Escape Prosecution for Bribery Scandal
Six former senior officials of Singapore’s Keppel Offshore & Marine have escaped prosecution on corruption charges relating to Brazil’s Operation Ca…
Oil&Gas Drilling
New Year Sees Rousing Start to Offshore Drilling Market
NEW YORK CITY – Offshore drilling contractors have had a great start to 2023, as they have kicked off the new year with 26 rig contracts (17 jackups, 9 fl…
Oil Price
Oil Prices Expected to Average Around $90 in 2023-2027
LONDON: Brent oil prices are expected to remain around $90 per barrel throughout the next five years, according to eighth annual survey of energy market profess…
Oil Refinery
Fire Breaks Out at Pdv’s Cardon Refinery
A fire broke out today in the fluid catalytic cracking unit at Venezuela's Cardon refinery, the second major blaze at the site since late December.Operator …
Electric Car
MIT Study Finds Computational Load for Widespread Autonomous Driving Could Be a Huge Driver of Global Carbon Emissions
In the future, the energy needed to run the powerful computers on board a global fleet of autonomous vehicles could generate as many greenhouse gas emissions as…
Natural Gas
Natural Gas Is Not a Transition Fuel, It Is a Destination Fuel – Qatar Energy Minister
H.E. Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President of QatarEnergy has said that natural gas is not a transition fuel a…
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