Hedge funds are leaning into crude’s biggest rally in a decade. Their wagers on rising benchmark oil prices in New York and London have jumped to the highest levels since October, according…
Russian Arctic LNG fi rm joins majors for foray into power
Novatek PJSC is looking at power generation to unlock demand for liquefied natural gas from its massive projects in Russia’s Arctic. The developer of the Yamal LNG plant in Siberia is seeking…
Natural gas prices falling across the globe as supplies rise
Natural gas prices are falling across the globe as supplies from the US to Australia flood the market, sparking concern some exporters will have to curtail output and raising questions about new…
Shale Suffers Growing Pains That Could Slow U.S. Oil Production
The dramatic ramp-up in U.S. shale production is running into a combination of issues — technical and financial — that threaten to slow the pace of expansion, according to some of the…
N-KOM successfully completes its first FSRU project
Nakilat-Keppel Offshore & Marine (N-KOM) has successfully completed its first floating storage regasification unit (FSRU) project for the 138,000cbm FSRU Excelerate owned by the US-based Excelerate Energy. During its period at the…
IEA: Carbon emissions hit record high in 2018
Global energy-related carbon emissions rose to a record high last year as energy demand and coal use increased, mainly in Asia, the International Energy Agency (IEA) said on Tuesday. Energy-related CO2 emissions…
European Countries Are The Most Ready For Global Energy Transition
Sweden, Switzerland, and Norway lead a host of European countries judged by the World Economic Forum as those most ready for the global energy transition, while Canada, Australia, and South Korea are…
BP’s focuses $100 million on reducing emissions
HOUSTON — BP has announced that it has established a $100 million fund for projects that will deliver new greenhouse gas (GHG) emissions reductions in its upstream oil and gas operations. The…
The ‘new reality’ of the oil and gas sector
The “new reality” that Oil & Gas UK has identified in its new Business Outlook highlights the significant pressures that those operating on the UKCS continue to grapple with, as the industry…
European Parliament approves Clean Energy for All Europeans package
The European Parliament has adopted the new Electricity Regulation and Electricity Directive, concluding the political negotiations on the Clean Energy for All Europeans package. The regulation now requires to be formally approved…