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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…
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…
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.
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…
Hydrogen Project
Doosan Heavy Joins Hands with POSCO to Develop Ammonia Gas Turbine Technology
Doosan Heavy Industries & Construction, a key player in South Korea's power industry, joined hands with POSCO to develop power generation technologies that brea…
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…
Gas turbine engine
GE to Supply ‘Power Plant on Wheels’ to Oman
GE Gas Power has signed an agreement to build, own and operate a power plant equipped with mobile TM2500 aeroderivative gas turbines for the Centralized Utiliti…
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…
Liquid Hydrogen
SSE, Equinor Plan to Store Hydrogen at UK Gas Storage Site
The site, called Aldbrough, consists of nine underground salt caverns which would be converted to store hydrogen
Oil&Gas Drilling
I3 Energy Finishes Drilling Second Oil Well at Canada Project
i3 Energy PLC said Thursday that drilling operations on the second well at the Marten Hills Clearwater drilling program in Canada have been completed, with prod…
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