economics
Malaysia's Petronas sees domestic oil, gas output peaking by 2024
Malaysia's state energy firm Petronas sees its domestic oil and gas production peaking at about 2 million barrels of oil equivalent per day (boepd) by 2024, its exploration executives said.
Norway approves more than $18 B in oil, gas investments
Norway's government said it has given approval for oil companies to develop 19 oil and gas fields with investments exceeding 200 billion Norwegian crowns ($18.51 billion), part of the country's strategy to extend production for decades to come.
Japan's Mitsui OSK gets approval for liquefied CO2 vessel, floating storage unit
Japanese shipping company Mitsui O.S.K Lines has received in-principle approvals for a liquefied CO2 vessel and a floating storage and offloading unit from the American Bureau of Shipping.
Spain raises bet on green hydrogen, biogas in draft plan
Spain will double its 2030 biogas production target and almost triple its green hydrogen goal as part of a broad upgrade of its energy and climate ambitions, a draft of the government's strategy showed.
BCCK offers Nitech-style IV nitrogen rejection units in West Texas, featuring innovative tech
BCCK, a leader in engineering, procurement, fabrication and field construction services, has expanded its footprint in the Permian Basin with its NiTech Style IV dual column nitrogen rejection unit project.
Chamber analysis highlights flaws with EPA powerplant proposal
A new analysis by the U.S. Chamber’s Global Energy Institute finds significant flaws with the methodology used in EPA’s new carbon pollution standards for coal and natural gas-fired power plants.
Italy energy minister sees LNG terminals covering 50% of gas needs
Italy's Environment and Energy Minister Gilberto Pichetto Fratin said that deliveries by ship of liquefied natural gas were a reliable source of energy that could cover 50% of the country's gas needs.
Montauk Renewables, Inc. to develop RNG facility in Orange County, California
Montauk Renewables, Inc., through its subsidiary, Bowerman Power LFG, LLC, announced its planned development of a renewable natural gas landfill gas project in Irvine, CA at the Frank R. Bowerman Landfill.
Gas delivery system sales to grow 8.6% CAGR, $45B market by 2033
The global gas delivery systems market value is estimated to reach $19.3 B in 2023.
Germany, South Africa agree to cooperate on green hydrogen projects
Germany and South Africa y agreed to cooperate on green hydrogen projects in the latest bid by Europe to tap into Africa's huge renewable resource potential to meet 2050 net zero targets.
Israel reignites debate on how much natural gas to sell abroad
Israel should urgently examine how much natural gas the country should export to make sure it keeps enough for itself, a senior official at Israel's Finance Ministry said.
Petronas, TotalEnergies and Mitsui ink carbon capture and storage project deal
Petronas said it has signed a development agreement with TotalEnergies Carbon Neutrality Ventures and Mitsui & Co. Ltd., to collaborate on a carbon capture and storage project in Malaysia.
LNG-exporting Gulf Coast states drove U.S. natural gas demand growth
U.S. natural gas demand, domestic consumption plus gross exports, increased 43%, or 34.5 bcf/d, from 2012 to 2022.
Copenhagen Infrastructure Partners and Wega form strategic partnership in Finland
Copenhagen Infrastructure Partners through its CI Advanced Bioenergy Fund I announced that it has signed an agreement with Wega Group OY to establish an advanced bioenergy platform in Finland
INEOS Energy charters two LNG carriers to create virtual LNG pipeline from the U.S. to Europe
INEOS Energy Trading has today signed agreements with Mitsui O.S.K. Lines for two new build LNG carriers, to be used for the import of LNG into Germany from the United States.
Renewables growth did not dent fossil fuel dominance in 2022
Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry's Statistical Review of World Energy report said
Pertamina, Petronas aim to replace Shell in Masela project, Indonesia minister says
State energy firms Pertamina and Petronas plan to jointly take over Shell's participating interest in Indonesia's Masela gas project, the Indonesian energy minister said.
Yara postpones clean ammonia IPO after weak valuation
Norway's Yara has postponed a planned initial public offering of its Yara Clean Ammonia business by one or two years due to an unsatisfactory market valuation, the fertilizer maker said in a strategy update.
Wood and Centrica Storage explore low-carbon hydrogen production hub
Wood is working with Centrica Storage to evaluate the feasibility of transforming its Easington gas processing terminal to a low-carbon production hub.
Cheniere signs LNG supply deal with China's ENN
Cheniere Energy said it will supply 1.8 million tons of liquefied natural gas per annum to China's ENN Natural Gas for over 20 years.
Shell resumes maintenance at key Norway gas terminal
Shell has resumed maintenance work at Norway's Nyhamna gas processing plant, which had been postponed last week due to a problem with the facility's cooling systems, the company said in a statement.
U.S. natural gas falls 3% on lower demand forecast, drop in European prices
U.S. natural gas futures fell about 3% on forecasts for less demand next week than previously expected due in part to a drop in the amount of gas flowing to liquefied natural gas export plants and a drop in European gas prices.
Netherlands to end Groningen gas production by Oct 1
Gas production at the Netherlands' Groningen field will end by Oct. 1, the government said, as it kept its promise to rapidly cease already minimal extraction to limit seismic risks in the region.
U.S. Mountain Valley natgas pipe moving forward, capacity may be limited
The $6.6-B Mountain Valley natural gas pipeline from West Virginia to Virginia is on track to get final permits by Saturday, moving the long-delayed project closer to re-starting construction.
Eni sees synergies of up to $1 B from Neptune acquisition
Italian energy group Eni said that synergies from the $4.9-B acquisition of private-equity backed Neptune Energy could reach $1 B as the two groups integrate their operations across key geographies.
Netherlands increases subsidies for green hydrogen production
The Dutch government said it will increase subsidies for the production of hydrogen from renewable sources of energy, known as 'green hydrogen', by €1 B next year and another €3.9 B in the years after.
Venture Global LNG signs 20-year contract with German energy firm
U.S. liquefied natural gas developer Venture Global LNG said it had signed a 20-year deal to provide Germany's Securing Energy for Europe GmbH with 2.25 mpta of LNG.
Australia's Tamboran signs deals to supply LNG to bp and Shell
Australia's Tamboran Resources announced two non-binding agreements to supply 4.4 million tons of liquefied natural gas a year to bp and Shell from its proposed Northern Territory LNG project.
Energy Dept. refuses Energy Transfer's rehearing request for LNG project
The U.S. Department of Energy will not rehear pipeline operator Energy Transfer's request for a second extension of its Lake Charles liquefied natural gas export project.
Israel's gas reserves grew by 40% over past decade
Israel's natural gas reserves have grown by 40% over the past decade due to increased drilling and exploration activities, an industry report said, even as production soared.
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
- McDermott awarded Rovuma LNG Phase 1 FEED contract in Mozambique
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
