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Biofuel
USDA Maintains Forecast for Soybean Oil Use in Biofuel Production
The USDA maintained its forecast for 2023-’24 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, r…
Oil Price
US to Add More Than Six Million Barrels of Oil to Reserves to Address Supply Disruptions
The Bryan Mound Strategic Petroleum Reserve facility at Freeport, Texas. The US Department of Energy says the reserve system has a 'long history of protecti…
LNG Carrier
Spanish Government Greenlights El Musel Lng Terminal Start-up
El Musel LNG terminal in Gijón has received administrative authorization for its start-up from the Spanish Ministry for the Ecological Transition and the…
Oil&Gas Drilling
Oil Posts Second Weekly Decline as Demand Concerns Overshadow Saudi Cut
BENGALURU: Oil prices fell more than a dollar a barrel on Friday to record a second straight weekly decline, as disappointing Chinese data added to doubts about…
Oil Exploration
Pennsylvania Expects $400 Million in Infrastructure Funds to Begin Plugging Thousands of Abandoned Oil Wells
One scientist studying toxic emissions from the wells called the amount “woefully inadequate” in a state where officials say there are probably 250,000 such a…
LNG
LX International Enters LNG Terminal Business
South Korean commodity trading and mining company LX International has announced it will partner with POSCO International to build LNG storage tanks and facilit…
LNG Carrier
Fratelli Cosulich Forms Lng Bunkering Partnership With Titan
Italian maritime transportation group Fratelli Cosulich has started a collaboration with low and zero-emission fuels supplier Titan as it seeks to strengthen it…
Green Hydrogen
Petrobras and Unigel Forge Alliance for Green Hydrogen Ventures in Brazil
Petrobras, the Brazilian oil company, has entered into a two-year non-binding confidentiality agreement with chemical company Unigel to explore joint ventures f…
Crude Oil
Crude Oil Prices Impacted by Weak Data From China
China’s trade balance came down to $65.81 billion in May against $90.21 billion in June. May’s trade balance numbers were below the market expectati…
Oil Field
Canada’s Irving Oil Starts Strategic Review That Includes Possible Sale
Irving Oil, owner of Canada's largest refinery, is launching a strategic review that includes the option of a full or partial sale, the privately-held compa…
Natural Gas
Future Developments in Midstream Natural Gas Investment: Focus on Asia Pacific
Gas Exporting Countries Forum (GECF)Galia FazeliyanovaEnergy Economics AnalystAt a Glance§ Continuing underinvestment or investment 'gap' in natural ga…
United Kingdom
Harbour Energy’s Viking CCS Project Aims to Transform the Humber into UK’s Leading CCS Hub
Carbon Capture and Storage (CCS) can play a major role in achieving net zero across the UK and the world. CCS is necessary to capture and store the carbon dioxi…
Oil & Gas Technology
Gastech Unveils 2023 Strategic Conference Programme, High-Level Keynote Speakers
· Gastech unveils its 2023 strategic agenda and speakers, including participation from senior executives of Baker Hughes, ExxonMobil, Shell, and the Internatio…
Crude Oil
Matahio Energy completes acquisition of onshore assets in New Zealand
TARANAKI, New Zealand, June 6, 2023 - (ACN Newswire) - Matahio Energy has completed the acquisition of a portfolio of six onshore oil and gas licenses in the Ta…
Oil Price
Natural Gas Price News: XNG/USD Bulls Eye $2.30 Amid Economic Optimism, Doubts on US DOE Forecasts
Natural Gas price extends the previous day’s rebound from one-month low.Upbeat China data underpins hopes of recovery in demand from world’s biggest…
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