Iran’s top diplomat to Houthi-controlled Yemen has died of Covid-19 after a hastily arranged flight out of the country over the weekend, Iranian officials said. Hassan Irloo, a member of the Islamic Continue Reading
Highlights Iran to add 130 Mcm/d of gas capacity in 2022 Finalizing a gas import deal with Turkmenistan Iran also wants to extend gas export deal to Turkey Iran will Continue Reading
A Libyan parliamentary committee said Wednesday that it has become “impossible” to hold a long-awaited presidential election in two days as scheduled, in a major blow to international efforts to Continue Reading
A significant oil find in UAE’s offshore advances the country’ plans to reach a production of 5 million bpd by 2030 The discovery is likely to have recoverable reserves of Continue Reading
The pipes are laid, the taps installed and the village tank is under construction — all promising signs that, come spring, Girja Ahriwar will get water at her doorstep and Continue Reading
Crude oil production in Colombia this year is on track to hit its lowest level since 2009 Colombia is in urgent need of additional investments and exploration success as proven Continue Reading
China National Offshore Oil Corporation (CNOOC), the largest Chinese importer of liquefied natural gas, has signed a deal with U.S. firm Venture Global LNG to buy LNG from a new Continue Reading
Highlights CNOOC deals cover 3.5 million mt/year of LNG Flurry of activity this year as end-user prices soar An affiliate of China’s largest LNG importer, CNOOC, has agreed to buy Continue Reading
As the global pandemic hit, the world’s biggest maker of electric car batteries, a Chinese company now worth more than General Motors and Ford combined, suddenly faced its own crisis. Continue Reading
China’s gasoil output from refinery hit a record high of 16.45 million mt, or 4.09 million b/d, in November in response to Beijing’s call to ensure domestic supply, data from Continue Reading
U.S. officials announced approval Tuesday of two solar projects in California and moved to open up public lands in three other Western states to potential solar development, as part of Continue Reading
How much water flows into Southwestern U.S. cities next year will depend on the coming snowfall and the resulting snowpack accumulation. So far, it’s not looking good . High mountain Continue Reading
The fracking industry has often been criticized for its tremendous water usage. Plasma Pulse Technology is a new fracking tech that requires no chemicals or water. Its developers describe it Continue Reading
Highlights 13 Bcf/d of feedgas demand observed Dec. 21 Atlantic awash in LNG tankers heading east US LNG feedgas demand registered Dec. 21 at around 13 Bcf/d – a new Continue Reading
AGT Jan-22, Feb-22 contracts at record highs near $30 European gas surges on cold weather, supply constraints Everett LNG terminal imports single cargo winter to date Winter-season gas prices at Continue Reading
The export value for LNG cargoes loading on the US Gulf Coast 30-60 days forward jumped more than $16/MMBtu to new highs during the week of Dec. 14-21, reflecting the Continue Reading
Companies are poised to install record amounts of batteries on America’s electric grid this year, as government mandates and a steep decline in costs fuel rapid growth in power storage. Continue Reading
The key to the momentous global energy transition is what Goldman Sachs calls the “great battery race”, and while attention has been absorbed by lithium, one critical mineral in the Continue Reading
Dalton Highway and the Trans-Alaska Pipeline are seen in Alaska. Credit: DeAgostini/Getty Images The Dalton Highway and the Trans-Alaska Pipeline are companions that rank among Alaska’s most vital and iconic Continue Reading
President Vladimir Putin said on Tuesday that Russia had no room to retreat in a standoff with the United States over Ukraine and would be forced into a tough response Continue Reading
European gas prices hit a new record high on Tuesday after a pipeline that brings Russian gas to Germany switched to flow east, a move the Kremlin said had no Continue Reading
European Power Prices Surge as Deep Freeze Arrives Germany is set to close almost half of its nuclear power capacity before the end of the year, putting further strain on Continue Reading
Ships carrying liquefied natural gas destined for Asia are changing tack midvoyage to supply European consumers willing to pay a large premium, as prices across the region surge to new Continue Reading
Stepping onto a podium in heavy boots and military fatigues at a ceremony outside Moscow, six teenagers accepted awards for an increasingly important discipline in Russia: patriotism. For days, students Continue Reading
A Shortage of natural gas, nuclear outages, declining wind power output, and cold weather boosted power prices in Europe this week The price at the Dutch TTF hub soared some Continue Reading
European gas prices jumped to an all-time high on Tuesday The Dutch TTF surged by 11 percent to a record 162.78 per MWh Flows of natural gas from Russia on Continue Reading
Europe’s energy crisis deepened Dec. 21 as spiraling gas prices pushed European electricity contracts to unprecedented highs. German Cal-2022 baseload power jumped 25% on the day to settle at Eur315.00/MWh. Continue Reading
Poland wants the European Union to allow it to cut the value-added tax (VAT) on engine fuel to soften the blow from surging inflation, the prime minister said on Wednesday. Continue Reading
European gas and power prices eased after surging to a fresh record on Tuesday as Russia keeps shipments to Europe capped. Russian gas flows into Germany’s Mallnow compressor station remained Continue Reading
The pipeline is built and being filled with natural gas. But Russia’s Nord Stream 2 faces a rocky road before any gas flows to Germany, with its new leaders adopting Continue Reading
A Russian pipeline carrying natural gas to Germany is emerging as a potential point of leverage for the U.S. to deter Russia from invading Ukraine. It is also a sore Continue Reading
The UK will still allow the development of new oil and gas oilfields in the North Sea if they pass a so-called net-zero test, the government said on Monday as Continue Reading
Oil edged higher after a broader market selloff on Monday as investors assessed the outlook for demand amid the rapid spread of omicron. Futures in London climbed near $72 a Continue Reading
Crude oil prices took a dive on Monday morning with WTI crashing 6% on the day as fresh Omicron fears spooked the market. At 11:32 a.m. EDT, WTI crude was Continue Reading
Oil extended declines — falling more than 5% — hampered by the rapid spread of the omicron virus variant and turmoil for President Joe Biden’s economic plans. Futures in London Continue Reading
Weather forecasts are among the biggest factors driving natural gas prices, especially during the winter when heating demand is at its peak. At the same time, weather forecasts are notoriously Continue Reading
The Omicron variant of the coronavirus is spreading faster than the Delta variant and is causing infections in people already vaccinated or who have recovered from the COVID-19 disease, the Continue Reading
Libya has declared a force majeure on oil exports, even as oil prices worldwide are crashing. Libya’s National Oil Company (NOC) has said that crude oil production has been shut Continue Reading
Highlights Armed unit within PFG closes key fields and terminal Analysts expect Dec 24 elections to be delayed Output likely to be volatile in coming weeks Libya’s key southwestern oil Continue Reading
The Biden administration on Monday raised fuel-efficiency standards for passenger cars and light duty trucks, saying the new standards will reduce pollution and save consumers billions of dollars at the Continue Reading
Exxon Mobil Corp. is looking to further reduce its debt, evaluating sustainability-linked financing instruments and preparing for potential new climate-related disclosure requirements, finance chief Kathryn Mikells said. “We’re very focused on paying Continue Reading
California and the West Coast remain entrenched in a crippling drought that’s left some reservoirs dry and vegetation desiccated, but the atmosphere will deliver another welcome dose of water this Continue Reading
A new, fully automated, oil and gas rig recently made its debut in the Permian Basin. The rig uses digital technology and Canrig robotics to ‘man’ the platform. Other robotic Continue Reading
U.S. gasoline prices have fallen for the sixth week in a row, falling 2.9 cents from a week ago, according to a Gas Buddy report published Monday. A gallon of Continue Reading
The Omicron variant caused more than 70% of recent Covid-19 cases in the U.S., the Centers for Disease Control and Prevention said Monday, highlighting its substantial increase in infectiousness compared with earlier Continue Reading
China’s voracious appetite for natural gas has sparked a wave of deals with US exporters of the fuel, strengthening energy trade between the world’s two biggest economies even as their Continue Reading
Senator Joe Manchin III on Monday cited a litany of issues that drove him to oppose President Biden’s $2 trillion Build Back Better bill, from Democrats’ refusal to attach work Continue Reading
We think the US Supreme Court, with its 6-3 conservative majority, is considering one of the most sweeping changes to federal regulatory policy that we can imagine. The court is Continue Reading
Nato allies are resigned to the need to negotiate with Russia despite the impossibility of many of Moscow’s demands regarding the US-led alliance in Europe, as pressure mounts to find Continue Reading
The 900 th electric bus has hit the streets of Moscow; in November 2020, the city had launched its 500 th electric bus ( earlier post ). The jubilee e-bus Continue Reading
