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Natural Gas
ICE Warns EU Gas Price Cap Could See Prices Rise
An exchanges operator has warned the European Union that its proposal to cap gas prices would make it more likely that prices rise to hit the cap.
LNG
U.S., Britain Launch Energy Partnership to Boost Supplies
The United States and Britain announced on Wednesday an energy partnership aimed at sustaining a higher level of liquefied natural gas (LNG) exports to Britain …
CCS
Denmark Awards First CO2 Storage Permit
The Danish Energy Agency has granted the first-ever permit for a CO2 storage project in Denmark. The project includes the injection and storage of up to 15,000 …
Gas Turbine
GE Releases New Option to Cut Emissions on Its Mobile Gas Turbines
GE Gas Power announced on Dec. 6 that it has deployed an “innovative technical solution” on four TM2500 aeroderivative gas turbines at the California Departme…
Crude Oil
Adnoc and Malaysia's Petronas Join Forces on Abu Dhabi’s Unconventional Onshore Block 1
Award to Malaysia’s national oil and gas company launches Middle East’s first unconventional oil concession
ADNOC, Petronas Sign Abu Dhabi Unconventional Oil Resources Deal
Abu Dhabi National Oil Company (ADNOC) and Malaysia's Petroliam Nasional Berhad (Petronas) on Monday signed a deal awarding the first concession in the Middle E…
Natural Gas
Netherlands Proposes EU Gas Price Cap for State-Backed Buyers - Document
The Netherlands has weighed into the European Union's debate on whether to cap gas prices with an alternative proposal that would cap gas prices but only for go…
Natural Gas
Eastward Gas Flows via Yamal-Europe Pipeline Fall to Zero
Eastbound gas flows through the Yamal-Europe pipeline to Poland from Germany fell to zero on Monday morning, while Russian supplies to Europe via Ukraine inched…
Oil Price
Saudi Arabia Cuts Oil Prices to Asia to 10-Month Low
Saudi OSPs to Asia hit 10-month low amid slowing physical demand.
Natural Gas
European Gas Consumption Is 24% Below the Five-Year Average
Europe’s natural gas demand in November fell by nearly a quarter compared to the five-year average for the month.
Oil Price
Italy Expects to Raise $4.2 Billion From Windfall Tax and Power Price Cap
The Italian government expects to raise around $4.2 billion (4 billion euros) from a new windfall tax on energy companies and a price cap on the electricity pro…
Crude Oil
Price Cap on Russian Oil Comes Into Effect
The price cap of $60 per barrel for Russian oil devised by the G7 and supported by the European Union comes into effect today, aiming to curb Russia’s revenues…
Oil Refinery
Lukoil Says Its Italian Refinery Will Continue Operations After EU Embargo
Lukoil said on Friday that it is ready to ensure continued operations at the site after the EU embargo on imports of Russian crude by sea takes effect on Decemb…
Crude Oil
Poland Approves $60 G7 Oil Price Cap
Poland has agreed to a $60 price cap on Russian crude oil, Poland’s Ambassador to the EU, Andrzej Sados, said on Friday.
Crude Oil
Aker BP to Invest $19 Billion in Offshore Oil Projects in Norway
Norway’s oil and gas firm Aker BP approved plans to invest $19 billion in developing new projects offshore Norway by 2028, raising its initial capital expendit…
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