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USA Buying 6MM Barrels to Refill SPR
Monday, June 12, 2023The USA wants to get the SPR to its would-be level had it not been for releases induced by the Ukraine war.
Aker BP Completes Record-Breaking Drill for North Sea Discovery
Monday, June 12, 2023Aker BP has raised expected reserves from the discovery to 53-90 MMboe after a record drilling.
EU Posts 2.8 Percent Lower Fossil Fuel CO2 Emissions for 2022
Monday, June 12, 2023The EU emitted an estimated 2.4 gigatons of CO2 from energy production using fossil fuels in 2022.
ADNOC Acquires Two New Rigs
Saturday, June 10, 2023The two new rigs will be deployed into operation by the fourth quarter.
Chevron Starts Up Gorgon Extension Project
Friday, June 09, 2023The second stage of the Gorgon field project offshore Western Australia has begun producing gas.
Enagas Opens Logistics Bidding for Mothballed Asturias Terminal
Friday, June 09, 2023Enagas is offering logistics rights to an LNG terminal in northern Spain that has been idle for a decade.
Aker BP's 1.07 Bboe North Sea Projects Get Parliament Nod
Thursday, June 08, 2023The green light paves the way for final approval by the Petroleum and Energy Ministry of the development plans for the Yggdrasil area and the Valhall field extension project.
Mitsubishi Shipbuilding Eyes to Fuel Sea Transport with Ammonia
Thursday, June 08, 2023Mitsubishi Shipbuilding has entered a deal for technical studies on technologies that would enable ammonia to be used to power vessels.
Gas South Inks Plumbing Deal for Its Consumers
Thursday, June 08, 2023The deal offers households in Georgia state lower costs for pipe repairs and other home energy needs.
Rerouted Oil to Soften Russian Economy Contraction: World Bank
Wednesday, June 07, 2023Oil shipment volumes from Russia “have not changed materially” despite war sanctions.
USA Aims to Raise Clean Hydrogen Output to 10 MMT Yearly
Wednesday, June 07, 2023The DOE released the USA roadmap for expanding the clean hydrogen industry, targeting to increase production to 10 MMT annually by 2030.
Masdar Secures Land to Advance with 10 GW Egypt Wind Project
Wednesday, June 07, 2023Masdar signed a deal securing land in Egypt for the construction of what it said is Africa's biggest wind farm.
Par Pacific Completes Buy of ExxonMobil Refinery
Tuesday, June 06, 2023The divestment includes the Silvertip pipeline and ExxonMobil's 40 percent stake in the Yellowstone pipeline and Yellowstone Energy LP.
Zenith Inks Deal Launching Its USA Expansion
Tuesday, June 06, 2023Zenith is acquiring oil wells in Oklahoma state from Stateside.
Philippines Receives Nearly 400 Bids for Renewables Development
Tuesday, June 06, 2023The Philippines is holding its second renewables auction with 11,600 MW in offer.
UAE to Have Own Electrolyzer Production for Green Hydrogen
Monday, June 05, 2023ADNOC has entered a deal for the establishment of domestic electrolyzer manufacturing to produce green hydrogen.
Two LNG Terminals Completed in Philippines
Monday, June 05, 2023The LNG terminals open up importation to meet the Philippines' growing energy demand.
Major Yacht Maker Subscribes to Eni's Biofuel
Monday, June 05, 2023Azimut-Benetti will use Eni's HVO biofuel under "the first yachting industry agreement that targets decarbonization".
QatarEnergy to Supply Bangladesh with LNG under 15-Year Deal
Friday, June 02, 2023QatarEnergy will supply Bangladesh 1.8 million mtpa of LNG starting 2026.
USA Steel Major Taps ExxonMobil for Carbon Capture
Friday, June 02, 2023The deal with Nucor raises ExxonMobil's carbon capture commitments involving customers to five million mtpa.
Chevron to Have Wastewater Pipeline for Permian Operation
Friday, June 02, 2023Chevron has commissioned the construction of a pipeline to dispose of wastewater from its extraction activities in the Permian.
USA Grants $46MM for Commercial Fusion Development
Thursday, June 01, 2023The funding will help realize a “pilot-scale demonstration of fusion within a decade”.
Equinor's Leak-Hit Melkoya Plant Switched Off Indefinitely
Thursday, June 01, 2023The suspension could derail a planned expansion.
Equinor Regains $108MM Shares in Buyback's Second Tranche
Thursday, June 01, 2023Equinor bought almost 2.55 million own shares on the Oslo Stock Exchange for an average price of about $27.
API Names New Policy Head
Wednesday, May 31, 2023New API policy chief Dustin Meyer said the world needs the USA to continue delivering oil and natural gas.
Tsakos Posts 28-Fold Rise in Quarterly Profit Year on Year
Wednesday, May 31, 2023The energy carrier reported $177.458 million in quarterly net income driven by strong charter rates.
Junking New Coal Projects Less Costly than Retirement: Think-Tank
Wednesday, May 31, 2023Canceling coal projects in the pipeline presents a less expensive emissions reduction option compared to closing down operational coal plants.
Eni Enters Deal on Powering Maritime Transport with Biofuels
Tuesday, May 30, 2023The deal with RINA seeks to expand Eni's biofuels market in the maritime transport sector.
TotalEnergies Receives 20-Year License Renewal for Nigerian Block
Tuesday, May 30, 2023The license extension follows the settlement of a payment row with partners.
ConocoPhillips Preempts TotalEnergies' Sale of Surmont
Monday, May 29, 2023ConocoPhillips is acquiring TotalEnergies' Surmont stake for 100 percent ownership.
Eni Eyes Refueling Partners as Market for Its Biodiesel
Monday, May 29, 2023Eni is campaigning for the use of its first renewables-based diesel among partner fuel transporters.
ROK's Debt Down Over Four Times at $8.3MM
Monday, May 29, 2023ROK paid down $27 million in net debt in the first quarter.
Riled on Nord Stream Probe, Russia Summons European Envoys
Friday, May 26, 2023Russia protested what it said was the refusal of Denmark, Germany and Sweden to let Moscow participate in investigations into the Nord Stream “sabotage".
UK Lowers Energy Ceiling Prices
Friday, May 26, 2023But the energy utility regulator warned many households could still struggle to pay bills.
Household Energy Prices Stagnate in Urban South Africa
Friday, May 26, 2023But the central bank raised its interest rate to a record to hold down stubbornly high overall consumer inflation.
UK Annual Household Energy Inflation Eased April
Thursday, May 25, 2023Household energy costs in the UK eased in the 12 months to April 2023 mainly due to lower gas prices.
LNG Terminals Expansion Needed to Hold Down Prices: IMF
Thursday, May 25, 2023The IMF said stabilizing LNG prices in the long term entails building more terminals to achieve market integration.
Dorian LPG Doubles Annual Profit
Thursday, May 25, 2023The gas carrier reported $172.44 million in net income for the 12 months to March 2023.
USA Extends Wind-Down Window for Companies with Venezuela Assets
Wednesday, May 24, 2023Baker Hughes, Halliburton, Schlumberger and Weatherford have until November 19 to wind down their business in Venezuela.
TotalEnergies Acquires Biogas Stake
Wednesday, May 24, 2023TotalEnergies bought a 20 percent interest in Ductor.
Shell Raises Australian Gas Purchase
Tuesday, May 23, 2023Shell has raised its gas purchase from Denison Gas Ltd. to 5.503 petajoules a day.
Sinopec Enters Sri Lanka Retail Fuel Market
Tuesday, May 23, 2023Sri Lanka signed a deal with Sinopec adding it to the energy-starved country's retail fuel suppliers.
Navigator Posts $18.8MM Quarterly Profit Supported by USA Gas Exports
Tuesday, May 23, 2023Navigator Holdings benefited from sustained momentum in ethylene and LPG shipments from the USA.
Russia Reportedly Delivering Nearly 1.44 Bcf of Gas a Day via Ukraine
Monday, May 22, 2023Russia's gas deliveries to western and central Europe have reportedly been averaging nearly 1.44 Bcf per day.
Nigeria Eyes Over $50B Oil Projects in Five Years
Monday, May 22, 2023Nigeria targets more than $50 billion worth of oil development projects in the next five years.
Petrobras to Appeal License Rejection for Drilling Near Amazon
Monday, May 22, 2023Petrobras said it had received backing from Brazil's Mines and Energy Ministry.
UK Awards First Carbon Storage Licenses
Friday, May 19, 2023The storage sites could hold 10 percent of total UK yearly emissions by 2030.
Startup of Australian Gas Project Delayed Due to Labor Shortage
Friday, May 19, 2023The Waitsia Stage 2 project could not start production in 2023 as targeted.