BP published its Global Energy Outlook earlier in the year. The key message is that renewables are growing faster than any fuel in history, but carbon emissions keep rising. In addition, energy…
Novatek hits full-scale production at Cryogas-Vysotsk LNG plant
Novatek, Russia’s largest private gas producer, said its joint venture with Gazprombank, Cryogas-Vysotsk has commenced full-scale production of liquefied natural gas (LNG). “Cryogas-Vysotsk is our first medium-scale LNG project,” noted Novatek’s head Leonid Mikhelson on…
Occidental makes £44bn Anadarko bid, seeking to break up Chevron deal
Occidental Petroleum Corp. triggered a bidding war for Anadarko Petroleum Corp. after making a $57 billion (£44bn) counter-offer in attempt to break up a proposed takeover by Chevron Corp. Occidental said Wednesday…
Report: Clear CCUS policy needed for UK net-zero emissions goal
The UK Government should update its “vague terminology” on carbon capture usage and storage (CCUS) deployment in the UK to create clear policy drivers that transform the technology into a primary tool…
Italy’s fiscal dispute with EU might resume after debt exceeds forecasts
Reuters/ Brussels Public debt in Greece and Italy, the two most indebted countries in the eurozone, grew last year while the bloc as a whole saw its liabilities decrease, the European Union…
GECF lecture focuses on climate change impact on environment
Doha The Gas Exporting Countries Forum’s (GECF) Monthly Gas Lecture in Doha focused on climate change and was led by two experts from Unesco and Qatar University. The lecture held at the…
Chevron set to buy Anadarko for $33bn in shale, LNG push
Chevron Corp yesterday said it will buy oil and gas producer Anadarko Petroleum Corp for $33bn in cash and stock in a deal that doubles down on its bet on US shale…
Climbing Oil Prices Put India’s Benign Inflation Outlook at Risk
A rebound in oil prices poses a risk to India’s benign inflation expectations that last week allowed the central bank to deliver its second rate cut of 2019. With crude at a five-month high,…
Oil’s big reset: Energy majors learn to thrive after price crash
Bloomberg/London When Opec started an oil-price war in late 2014, most people believed US shale was doomed. In reality, the giant oil majors suffered most – burdened by expensive mega-projects, Chevron Corp,…
LNG Canada CEO sees no scenario that would stop its project
Bloomberg/Vancouver The head of LNG Canada said he does “not see a single scenario” that would stop the nation’s largest infrastructure project from getting built, dispelling concerns that the $30bn gas export…