Regions
Shell halts production at Prelude floating LNG facility
Shell has suspended production at its Prelude floating LNG facility off Western Australia due to problems with its processes and is working through steps to restart production at the world's largest floating LNG platform.
EU watchdog sees concentration and liquidity risks in gas derivatives
Europe's $4.5-T natural gas derivatives market has become less transparent since Russia's invasion of Ukraine and faces risks due to a small number of market players and low liquidity.
Asian spot LNG prices fall for third straight week to near 2-yr low
Asian spot LNG prices fell for the third straight week to the lowest level in nearly two years due to weak demand from top regional importers and as inventories remained high.
U.S. permit crackdown poses new hurdles for proposed LNG projects
The U.S. Department of Energy's refusal to grant export permit extensions to LNG developers that fail to meet a construction deadline poses a new hurdle for greenfield plants.
Alberta producers restart oil and gas operations as wildfires temporarily ease
A number of oil and gas companies in Canada's main crude-producing province Alberta restarted shuttered production as wildfires that sparked widespread evacuations eased, although officials warned conditions could deteriorate.
ADNOC Gas reports Q1 2023 net income of $1.3 B, up 9% year-on-year
ADNOC Gas plc announces its first quarterly financial results since its formation and initial public offering, for the three months ended March 31, 2023.
Finland's Gasum not taking LNG from Russia's Kryogaz
Finnish energy provider Gasum has not been taking cargoes of liquefied natural gas for about a month from the Russian Kryogaz-Vysotsk plant controlled by Novatek citing data from analytics group Kpler.
Carbon capture and hydrogen are the main tools in Biden’s power plan
The Biden administration unveiled its plan to slash greenhouse gas emissions from the U.S. power sector, part of its broader effort to decarbonize the economy to fight climate change.
Europe’s gas prices slide on swollen inventories
Europe has made a relatively slow start to rebuilding gas inventories but stocks were so high at the end of last winter that storage sites are still on course to be full well before summer ends, putting downward pressure on prices.
AXPC releases statement on EPA’s rule proposal on natural gas power plants
EPA released a new proposal that requires very aggressive emissions reductions and imposes requirements not only on new power plants, but also existing ones – making it significantly harder to rework an existing power plant and deterring investment in natural gas generating facilities.
Axens to provide tech for the complete gas treatment chain at CSV Albright Sour Gas Processing Plant in Canada
Axens has been selected to supply the technologies for the Acid Gas Removal unit and the Sulphur Recovery unit of the Albright Sour Gas Processing Plant to be constructed by CSV Midstream Solutions Corp. in Alberta, Canada.
UAE's ADNOC says 'business as usual' in Asia
Abu Dhabi National Oil Company sees no dip in demand from Asian customers as cheap Russian oil flows into the continent on the back of Western sanctions on Moscow, a senior executive said.
Texas Waha natural gas prices turn negative on low spring demand
Spot natural gas prices at the Waha hub in the Permian Shale in West Texas fell into negative territory as pipeline maintenance prevented some gas from leaving the basin and mild spring weather reduced demand for the fuel.
GAIL plans $4.9-B ethane cracker in West India
GAIL Ltd, the country's top gas supplier, plans to build a $4.89-B ethane cracker near its LNG import plant in Western India as it seeks to meet an expected surge in demand.
bp sees investment decision on Teesside carbon capture projects in 2024
bp expects to make a final investment decision in 2024 on a cluster of carbon capture projects in northern England, including a gas-fired power plant in Teesside.
Australia to invest $1.4 B to scale up renewable hydrogen industry
Australia will invest A$2 B to scale up development of its renewable hydrogen industry, the government announced in its annual budget, as it looks to accelerate clean energy projects in the country.
Indian court upholds tribunal ruling favoring Reliance in gas sale case
Delhi High Court has upheld the ruling of an arbitration panel favoring Reliance Industries and its foreign partners in a dispute over gas migration from fields operated by state-owned Oil and Natural Gas Corp Ltd , a court order shows.
Spain's Endesa faces $411-MM claim in LNG contract dispute
Spanish power utility Endesa faces a claim of $411 MM as part of an arbitration process launched by a liquefied natural gas producer in March.
Ford to test small UK fleet of hydrogen fuel cell E-Transit vans
Ford Motor Co said it will test a small fleet of prototype hydrogen fuel-cell versions of its electric E-Transit model to see if they are a workable zero-emission option for customers hauling heavy goods long distances.
Italy, Germany, Austria sign letter to support hydrogen pipeline
Energy ministries of Italy, Germany and Austria have signed a joint letter of support for the development of a hydrogen-ready pipeline between North Africa and Europe, Italian gas grid operator Snam said.
Germany will have to import 70% of green hydrogen
Germany can only meet 30% of its own needs for green hydrogen, putting Berlin on a quest for trade partners to deliver the remaining 70%, German Economy Minister Robert Habeck said.
Equinor and partners to invest $9 B in new gas field off Brazil
Equinor and its partners have decided to invest about $9 B to develop the BM-C-33 gas and condensate discovery off Brazil Norwegian company said.
Osaka Gas sees profit jump in FY23/24 after Freeport LNG restarts
Japan's Osaka Gas Co predicted that its net profit will double to ¥116 B in the current fiscal year to March 2024 after the restart of exports from the U.S. liquefied natural gas company Freeport LNG.
Denmark, Sweden sign solidarity agreement on gas supply
Denmark and Sweden have signed an agreement on mutual support in case of gas shortages, the energy authorities of the two countries said.
Germany, Austria, Italy urge EU to back hydrogen projects
Austria, Germany and Italy have pressed the European Union to support a cluster of infrastructure projects to transport green hydrogen imported from North Africa, as part of efforts to build a market in Europe for the low-carbon fuel.
PetroVietnam Gas gets country's first LNG import-export approval
PetroVietnam Gas said it had received a certificate from local authorities to become the country's first company eligible to import and export LNG.
Norway plans wider gas transport nationalization including at Nyhamna
Norway's plan to nationalize gas pipelines owned by the Gassled company also includes an additional goal to take over other assets, including at the Nyhamna processing plant, a letter from the Norwegian energy ministry to the owners showed.
Equinor's Hammerfest LNG plant offline after outage
Equinor's Hammerfest LNG plant in Arctic Norway suffered a compressor failure and is expected to remain offline until May 19.
Asian spot LNG prices hit 23-month low amid weak restocking demand
Asian spot LNG prices hit a 23-month low on mild weather and weak restocking demand in China, Japan and Korea, while Europe enjoys 60% full inventories ahead of summer.
Poland bought less Russian LPG in 2022, ramped up re-exports to Ukraine
Poland bought less LPG from Russia last year as it sought to diversify its sources in the wake of the war in Ukraine, data shows, although it remained Russia's top customer for the fuel and ramped up re-exports to Ukraine.
- ADNOC deploys pioneering AI-enabled process optimization technology
- Mexico Pacific announces long-term LNG SPA with POSCO International
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- Golar LNG signs EPC deal for $2.2-B MK II FLNG conversion project
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
