economics
U.S. natural gas production grew by 4% in 2022
U.S. natural gas production grew by 4% in 2022, averaging 119 Bcf/d.
US natgas flows to Freeport LNG export plant in Texas rise
The amount of natural gas flowing to U.S. liquefied natural gas company Freeport LNG's export plant in Texas was on track to hit its highest on Wednesday since shutting in June 2022.
French strikes hit refining, LNG imports
France's fuel supplies have been disrupted by more than three weeks of strikes against the government's pension overhaul, with production halted at three of its seven refineries, reduced at two, and two others undergoing maintenance.
US to kick off Gulf of Mexico oil drilling rights auction
The Biden administration will hold an auction of oil leases in the U.S. Gulf of Mexico, the first test of demand for new investment in the region since the Russian invasion of Ukraine tightened energy supplies and sent prices soaring.
Leading investor group toughens stance on new upstream oil and gas projects
The Net Zero Asset Owner Alliance (NZAOA) said it expects members to make no new direct investments in upstream oil and gas infrastructure projects for new fields, as part of efforts to rein in global warming.
bp, ADNOC offer to buy 50% of Israel's NewMed Energy
bp and Abu Dhabi's state oil giant offered to jointly acquire 50% of Israeli offshore natural gas producer NewMed Energy for around $2-B.
SocGen confirms it pulled out of Texas LNG project
French bank Société Générale has pulled out of the U.S. energy company NextDecade's Rio Grande Liquefied Natural Gas (LNG) project in Texas last year.
EU countries seek legal option to stop Russian LNG imports
European Union countries agreed on Tuesday to seek a legal option to stop Russian companies sending liquefied natural gas to EU nations, by preventing Russian firms from booking infrastructure capacity.
Shell publishes reports on Sustainability, Climate & Energy Transition Lobbying and Payments to Governments
Shell plc has published its 2022 Sustainability Report, its 2022 Climate and Energy Transition Lobbying Report and its 2022 Payments to Governments Report.
US natural gas futures drop 4% to 4-week low on milder forecasts
U.S. natural gas futures fell about 4% to a four-week low on rising output and forecasts for milder weather and lower heating demand next week than previously expected.
Australia's gas sector says more supply is the answer
The Australian natural gas sector believes it has the solution to warnings of a shortfall in domestic supplies in coming years: produce more.
Portugal to launch Europe's first auction for piped hydrogen
Portugal will launch a pioneering auction in the second half of this year for rights to sell hydrogen for injection into the national gas grid, which some see as a key step in kickstarting Europe’s fledgling hydrogen market.
Baker Hughes to supply liquefaction trains for Sempra Infrastructure’s Port Arthur LNG Phase 1 Project
Baker Hughes announced it has been awarded an order by Bechtel to supply two Main Refrigerant Compressors (MRCs) for Sempra Infrastructure’s Port Arthur LNG Phase 1 project in Jefferson County, Texas.
Kremlin: important to identify object found next to Nord Stream pipeline
The Kremlin said it was important to identify an object discovered next to one of the Nord Stream pipelines and said the ongoing investigation into blasts that struck the pipelines last September must be conducted with full transparency.
Spain asks gas importers to wean themselves off Russian LNG
The Spanish government has asked liquefied natural gas (LNG) buyers to refrain from signing new contracts for Russian gas once existing contracts have expired.
Asia spot prices of LNG slip as weak northern demand remains
Asian spot prices of LNG declined this week, falling to a 21-month low, as weak demand in the northeast Asia region continues to pressure prices down.
Montauk Renewables, Inc. announces a new RNG project in South Carolina
Montauk Renewables, Inc. announces its planned entrance into South Carolina with the development of a new landfill gas-to-RNG facility.
Elliott Group announces opening of new service center in Saudi Arabia
Elliott Group is pleased to announce the opening of Elliott Gas Services Saudi Arabia (EGSSA), which is the product of a joint venture between Elliott and GAS Arabian Services.
Russia hopes to seal Power of Siberia 2 deal with China this year
Russia hopes that a deal to provide gas supplies to China through the planned Power of Siberia 2 pipeline can be reached before the end of the year.
Energean CEO says looking to increase Israel FPSO capacity
Gas producer Energean is looking at options to increase the capacity of its floating production storage and offloading (FPSO) vessel off Israel to 12 billion cubic meters (bcm) a year.
French power sector battered again by ongoing strikes
Industrial action disrupting French refineries, liquefied natural gas (LNG) terminals, power supply and reactor maintenance stretched into a 16th day as protests against the government's forced pension plan reform continue.
How realistic is a hydrogen-powered economy?
Clean-burning hydrogen has been hyped as a potential solution to a swath of climate-related energy problems, from fueling trucks and powering industry to generating electricity - all while emitting only puffs of harmless vapor.
Does China need more Russian gas via the Power-of-Siberia 2 pipeline?
Russian President Vladimir Putin and Chinese leader Xi Jinping met in Moscow for two days of talks which ended Tuesday, during which they discussed a major new infrastructure project, Power-of-Siberia 2, to deliver gas to China via Mongolia.
Freeport LNG cancels some March cargoes on restart hiccups
The second biggest U.S. liquefied natural gas (LNG) export plant, Freeport, has cancelled up to four shipments of LNG, due to restart snags after an eight-month-long outage.
French strikes continue to block refinery shipments and LNG terminals
Shipments of refined products from French refinery and depots were blocked on Monday by a 13th day of strike action, though some refineries operated with a reduced flow.
Shell revives German refinery sale as Russian ownership cleared
Shell has relaunched the sale of its stake in the PCK Schwedt oil refinery outside Berlin after the German government last year took control of the plant from its Russian operator.
Angola LNG operating at reduced rates, tenders withdrawn
Angola's only liquefied natural gas (LNG) project, Angola LNG, has recently cancelled tenders due to production issues at its plant.
NECI and Campos Fabrication partner to enable sustainability Initiatives through packaged gas solutions
NECI, the industry’s leading industrial automation, solutions and services provider, and Campos Fabrication, the leader in energy infrastructure design and high-end packaged solutions, are excited to announce their new partnership to deliver packaged gas solutions.
Russia's tighter energy ties with China since Ukraine war
China has increased purchases of Russian oil and gas in the year since Russia invaded Ukraine and the energy relationship between the two countries will be an important topic when presidents Vladimir Putin and Xi Jinping meet in Moscow this week.
CF Industries to buy Incitec Pivot's U.S. ammonia plant in $1.68 B deal
CF Industries Holdings, the world's top ammonia producer, will buy the U.S. manufacturing facility of Australia's Incitec Pivot Ltd in a $1.68 B deal, the companies said on Monday.
- 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
