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Oil & Gas Trade
Oil Stays Firm on China Growth Hopes
Oil prices rose in Asian trade, supported by hopes a solid economic rebound in China will drive up fuel demand, offsetting worries about further US interest rat…
Oil & Gas Trade
Benchmarking: Outlook for Demand, Global Balances Diverge
Watch The World/ShutterstockAlthough macroeconomic concerns loom large in the foreground, oil consumption will grow by an average 1.75 million b/d among major f…
Carbon capture
Carbonfree and BP Collaborate on Carbon Capture Project
The project will focus on deploying CarbonFree’s proprietary SkyCycle™ technology at hard-to-abate industrial sitesThe development agreement focused…
Oil & Gas Trade
Cornwall Insight Responds to the Announcement of the April Price Cap
Dr Craig Lowrey, Principal Consultant at Cornwall Insight said:Following the announcement by Ofgem that April’s Default Tariff Cap (price cap) will fall t…
Coal Trade
Ministry of Coal to Commence Forward Auction of Commercial Coal Mines From February 27, 2023
The Ministry of Coal will commence forward auction of commercial coal mines from February 27, 2023.The Ministry of Coal had launched the sixth round and second …
Oil & Gas Trade
Venture Global Will Supply 2 MT/Year of US Lng to China Gas Holdings
The US LNG company Venture Global has signed two 20-year LNG supply agreements with the Chinese gas distributor China Gas Holdings totalling 2 Mt/year. Under th…
Oil & Gas Trade
European Natural Gas Prices Could More Than Double in 2024, Goldman Sachs Says
The region's energy crisis will not find a 'sustainable solution' until 2025, says investment bank
Coal Trade
Coal Despatches to India’s Power Sector Likely to Climb by Year-End
This comes as demand for coal-based power remains high.Coal despatches to India’s power sector are projected to increase by year-end as the demand for coa…
Oil & Gas Trade
GLOBAL MARKET FOR OILFIELD SERVICES CONTRACTORS TO REACH $1 TRILLION IN 2025
(Source: Rystad Energy – Image: Frack operation in the Permian Basin/Lorne Matalon)Rystad Energy expects the global market for oil and gas contractors to …
Natural Gas
Naturgy’s Gas Supply Rose by 6% In 2022 to 143 TWh
The Spanish gas company Naturgy has released its 2022 results, posting a net profit of 1.6bn (+35% compared to 2021). The group’s gas supply reached 143 T…
Oil & Gas Trade
UK Energy Company Centrica Triples Profit
British Gas owner records earnings of £3.3bn for 2022 on the back of Russian invasion of Ukraine
Hydrogen Project
Exxonmobil to Install Carbon Capture Technology at Baytown Facility
ExxonMobil will utilise Topsoe’s SynCOR™ hydrogen technology to produce low carbon hydrogen at a ‘mega scale’, while capturing more than…
Oil & Gas Trade
First GECF Monthly Gas Market Report now available
Doha, QATAR – 15 February 2023: The GECF is pleased to unveil the inaugural edition of the Monthly Gas Market Report (MGMR). This new publication offers a…
Crude Oil
Biden Administration Plans to Sell 26 Million Barrels of Crude
The Biden administration plans to sell more crude oil from the Strategic Petroleum Reserve, fulfilling budget directives mandated years ago that it had sought t…
LNG
Growth in LNG Export Capacity Will Be Limited in 2023
The LNG transport ship called KARMOL LNGT Powership Africa is shown offshore Africa in May 2022. (Photo: Reuters.)After growing aggressively for a decade, the a…
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