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Oil Price
Average Gas Prices Climb for the 8th Week in a Row
Average gas prices in the U.S. have climbed for the eighth consecutive week.
Oil Price
Oil Prices Could Jump by $20 if Ukraine Crisis Worsens, Warns BofA
Global oil benchmark Brent crude could rise by $5-$20 a barrel depending on the severity of the Russia-Ukraine crisis, Bank of America (BofA) Global Research s…
Oil & Gas Supply
The State of Play of Africa’s Deepwater Discoveries
While global demand sees an upward trend in a post-COVID-19 environment, oil and gas producing countries have been unable to maintain supply owing to a myriad o…
Natural Gas
Israel to Increase Natural Gas Export to Egypt through Jordan Pipeline
Israel will begin exporting an additional 2.5 billion cubic meters of gas to Egypt this month via the Jordan pipeline.
Carbon Emissions
Energy Sector Methane Emissions 70% Higher than Official Figures -IEA
Emissions of the potent greenhouse gas methane coming from the global energy sector are 70% higher than officially reported, the International Energy Agency (IE…
Net Zero Emission
NET Power, Baker Hughes Partner to Deploy Zero-Emission Power Plants
NET Power announced a partnership with Baker Hughes as it works toward a commercial deployment of its near zero-emission power systems.
LNG
LNG Giant Australia Sees 500% Growth Prize in Emerging Asia
Australia, one of the world’s biggest exporters of liquefied natural gas, aims to target a forecast boom in demand in India and across emerging Asia as nations…
LNG
China CNOOC to Add Giant New Tanks at LNG Terminal by End-2023
China National Offshore Oil Company, or CNOOC, aims to complete by the end of 2023 a project to install the world's largest storage tanks at a liquefied natural…
Carbon Emissions
Biden Administration Pauses Federal Oil and Gas Leases Again
Amid ongoing court battles over oil and gas leases with Republican state attorneys general, including Louisiana’s Jeff Landry, the Biden administration is once…
Offshore Wind Power
North Sea Decarbonisation at the Forefront of Scotland’s Leasing Round Connecting Offshore Oil & Gas with Wind
A new leasing opportunity has been unveiled in Scotland, connecting offshore oil and gas with offshore wind in a push to boost innovation and help decarbonise t…
Oil Price
India’s Fuel Appetite Seen at a Record even as Oil Nears $100
Local sales of gasoline, diesel and other fuels have started picking up after being whipsawed by several virus waves and tax-inflated pump prices in the past tw…
Oil & Gas Trade
Iraq Starts Talks with Halliburton on Anbar Gas Project
Iraq has begun negotiations with the US oil major Halliburton to develop a crutch gas field in Anbar governorate, looking to increase its hydrocarbons output as…
Crude Oil
Norway’s January Oil Output Sinks Below Predictions
Norway’s oil production in January 2022 fell behind the Norwegian Petroleum Directorate’s predictions by 2.3 per cent, while the gas output also experienced a…
Natural Gas
Germany Freezes Nord Stream 2 Gas Project as Ukraine Crisis Deepens
Germany on Tuesday halted the Nord Stream 2 Baltic Sea gas pipeline project, designed to double the flow of Russian gas direct to Germany, after Russia formally…
Oil Price
U.S. Sanctions on Russia not Targeting Energy Markets
Actions the Biden administration took on Tuesday to punish Russia's economy over its aggression in Ukraine are not intended to hit global energy markets.
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