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Oil Price
Oil Climbs on Pressure From Ukraine Conflict, Tight Market
Oil prices jumped $2 on Monday as Ukrainian forces dug in against heavy Russian attacks, while major oil producers reported they are struggling to produce their…
Oil Price
Saudi Aramco’s Full-Year Profit More than Doubles on Soaring Oil Prices
Saudi Arabian oil giant Aramco reported blowout full-year earnings on Sunday, posting a more than doubling in year-on-year net profit to $110 billion.
LNG
Germany in Talks with Qatar on Long-Term Gas Supplies to Reduce Russian Dependence
Germany and Qatar are negotiating a long-term energy partnership, government officials from both sides said Sunday, as Europe's biggest economy seeks to become …
Hydrogen Fuel Cell
Clean Energy Superstar or Smokescreen for Fossil Fuel Use? Here’s What You Need to Know About Hydrogen.
Hydrogen, the lightest and most abundant gas in the universe, is increasingly being used as a fuel.
CCS
Carbon Capture and Storage Spending to Top $50B Through 2025
CCS technology is viewed as a fundamental component of the societal decarbonization required for a successful energy transition.
Coal Mine
GRI Launches New Standard to Manage the Impacts of Coal
The Global Reporting Initiative (GRI) has launched a new standard to address sustainability challenges facing coal companies.
Coal-Fired Power Plants
Japan's Fukushima Earthquake Shuts Dozen Power Plants, Sendai, Chiba Refineries
A magnitude 7.4 earthquake occurred offshore Fukushima in northeastern Japan late March 16, shutting a dozen coal, gas and oil-fired power plants along with the…
Oil & Gas Supply
Uganda’s Oil and Gas Prospects Expected to Improve in 2025
Increased sanctioning activity in African energy has resulted in growth in cumulative expenditure of $23 billion by 2025, according to the African Energy Chambe…
Canada
Canada Seeks Views on Clean Electricity Standard to Get to Net-Zero Grid by 2035
Canada on Tuesday launched a consultation to develop a Clean Electricity Standard (CES) as it aims to achieve a net-zero electricity grid by 2035 as part of eff…
Natural Gas
Thai PTTEP to Take Over Myanmar Offshore Gas Field Ops After TotalEnergies' Exit
Thai oil and gas giant PTT Exploration and Production Pcl said on Monday it would take over operations of the Yadana gas field in Myanmar from July following th…
Crude Oil
Brazil Assures US it will Increase Oil Production
The Brazilian government on Monday (Mar 14) assured the United States it will increase its oil production, a decision that could help ease concerns over global …
Net Zero Emission
Honda to Test Fuel Cell Power Station at California Site
Honda will begin testing its zero-emissions fuel cell power station at its corporate campus in Torrance, California in early 2023, the company announced.
Oil Price
Wall Street Stocks Rally, Oil Prices Fall Ahead of Fed Meeting
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 8, 2022. REUTERS/Brendan McDermidThe three main Wall Street stock …
Crude Oil
Global Crude Oil Prices Extend Losses Ahead of Fed Meeting
Brent crude futures were last down by $3.05 or 2.7% at $109.62 a barrel at 0351 GMT on Monday.
Oil Field
Bohai Sea Oilfield Output Exceeds 500 Million Tons
The Bohai Sea oilfield, China's largest crude oil base, had produced a cumulative total of oil equivalent exceeding 500 million tons as of Monday, after it has …
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