The Latest

Chesapeake CEO, Commonwealth LNG Chair Say Europe Must Prepare for Next Winter

In 2022, Europe raced to fill gas storage with LNG imports; now its focus must turn to next year’s winter, top executives at Commonwealth LNG and Chesapeake Energy said Feb. 1 during a panel discussion at the NAPE summit in Houston.

February 2, 2023

TotalEnergies, Iraq See Further Delays to $27 Billion Energy Deal

Amid differences with Baghdad, TotalEnergies has asked its foreign employees in Iraq to leave the country and local staff to work from home.

February 2, 2023

Japan's Eneos Opens Green Hydrogen Test Plant in Australia

Japan's Eneos Corp. will have the capacity to produce 20 km of green hydrogen a day using Direct MCH technology.

February 1, 2023

Indian State Oil Companies to Spend $13 Billion in Fiscal 2024

Nearly half of overall expenditure would be for refineries expansion and upgrades.

February 1, 2023

Activist Group Accuses Shell of Misleading Investors on Renewables

Like other leading European energy companies, Shell is aiming for rapid expansion of its low-carbon and renewables business as part of efforts to reduce greenhouse gas emissions over the coming decades.

February 1, 2023

BP: Ukraine War Likely to Speed Decline in Fossil Fuel Use

The fallout from Russia’s invasion of Ukraine includes a global movement away from imported fossil fuels toward domestically produced renewables, BP said in its annual Energy Outlook.

February 1, 2023

Russia Seeks $220 Million in Unpaid Taxes from Exxon

The Sakhalin regional court website lists a claim against Exxon Neftegaz Ltd, Exxon's Russian subsidiary, and the case's hearing scheduled for Feb. 28.

January 31, 2023

Russia Boosts LNG Exports to Europe by 20% in 2022

According to Refinitiv data, Russian gas exports to Europe dropped to a new post-Soviet low in 2022, but its total LNG exports rose to approximately 33 million tonnes, with more than half of it going to Europe.

January 31, 2023

EU Hires Firm to Launch Countries' Joint Gas Buying

The European Commission hopes joint gas buying will help Europe to refill depleted storage caverns before next winter and to negotiate lower prices by using EU countries' collective buying power.

January 30, 2023

What's Affecting Oil Prices This Week? (Jan. 30, 2023)

Imposition of Russian oil exports is set to take effect on Feb. 5, which is expected to negatively affect Europe's diesel market due to the region's dependence on diesel fuel imported from Russia.

January 30, 2023