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Natural Gas
Venezuela Gas Pipeline Tract Explodes; Oil Minister Blames Attack
Oil Minister Tareck El Aissami in a brief statement on state television late on Saturday called the incident a "terrorist attack," without providing details abo…
LNG
Russia Says LNG Production Capacity Could Jump Threefold By 2035
Russia’s government approved on Monday the country’s long-term development program for LNG, expecting production capacity to rise threefold from current level…
Crude Oil
Aramco on Track to Raise Output Capacity to 13 million bpd, CEO Says
Amin Nasser remained optimistic about a broader recovery in the oil markets as vaccine rollout picks up pace
Thermal Plant
China: Siemens Energy to Supply Two 460MW F-Class Gas Turbine Power
Global energy technology company Siemens Energy announced that it has been selected by Shenzhen Energy Corporation in China to supply two 460MW F-class gas turb…
Natural Gas
Fair and Just Energy Transition not Likely Without Natural Gas: IGU President Kang
The role of natural gas as an enabler in the energy transition while underpinning economic activity will be an important theme in the international energy discu…
Offshore Wind Power
Jeju on Track to Commercialize Offshore Wind Power Systems
The provincial government of Jeju Island is driving forward with plans to commercialize floating-type offshore wind power systems and existing gas stations into…
Crude Oil
India’s Crude Oil Throughput Hits Four-Month Low in February
India’s crude oil processing fell to its lowest in four months in February, retreating from a near one-year high hit in the prior month hurt by higher crude pr…
Natural Gas
National Grid Buys Western Power Distribution, Sells Narragansett Electric
UK-based transmission operator National Grid has agreed to acquire Western Power Distribution’s holding company PPL WPD Investments from PPL WPD, for an equity…
Thermal Plant
Wärtsilä Converts Taiwanese Cogen Plant to Natural Gas
Taiwanese power generation company Ta-Yuan Cogen has selected technology firm Wärtsilä to reduce its reliance on heavy fuel oil for power generation.
Oil Refinery
IEA sees only one refinery operating in Australia
The International Energy Agency expects only one refinery to continue operating in Australia, implying that another refinery will close within the next five yea…
Market Analysis
EIA: Less Electricity Generated by Coal than Nuclear in US in 2020
US coal-fired electricity generated totalled 774 million MWh in 2020, which is less than both natural gas-fired and nuclear-powered generation.
Oil Pipeline
Biden Weighing New Sanctions to Block Russian Gas Pipeline
The Biden administration is weighing additional sanctions to block construction of the nearly completed Nord Stream 2 pipeline from Russia to Germany
Hydrogen Production
BP Plans to Build Britain's Largest Hydrogen Plant by 2030
The Teesside plant in northern England will have capacity of up to 1 gigawatt of so-called blue hydrogen, about a fifth of Britain's target of 5 GW of hydrogen …
Oil & Gas Trade
India to Cut Saudi Arabian Oil Imports After OPEC Ignores India Demand
Weaker demand due to increasing Covid-19 cases or regular maintenance shutdowns may also contribute to lower purchase from Saudi Arabia in May, they said.
Crude Oil
EIA: OPEC+ Cuts To Lift Oil Prices Through April
Oil prices will likely remain at the current high levels in March and April, with Brent Crude prices averaging between $65 and $70 per barrel, after the OPEC+ g…
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