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What is the status of the oil and gas majors’ energy transition?
Oil and gas companies are investing in green energy while maintaining fossil fuels. Despite emission reduction targets, investment in renewable energy remains low relative to spending on fossil fuels.
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What is the status of the oil and gas majors’ energy transition?
Oil and gas companies are investing in green energy while maintaining fossil fuels. Despite emission reduction targets, investment in renewable energy remains low relative to spending on fossil fuels.
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North America: balancing LNG exports and the transition to renewables
Global demand for U.S. LNG exports is driving gas market expansion in the near term, but growth will slow in the 2030s due to the transition to renewable energy. However, natural gas will continue to play a crucial role in the energy transition.
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North America: balancing LNG exports and the transition to renewables
Global demand for U.S. LNG exports is driving gas market expansion in the near term, but growth will slow in the 2030s due to the transition to renewable energy. However, natural gas will continue to play a crucial role in the energy transition.
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Gazprom’s net profit to fall in 2022, the year of sanctions on Russian gas
Russian state-owned giant Gazprom has reported a 41.4% drop in net profit in 2022, to 14.2 billion euros, due to a drop in gas exports to Europe as a result of the conflict in Ukraine, heavily impacted by Western sanctions.
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Gazprom’s net profit to fall in 2022, the year of sanctions on Russian gas
Russian state-owned giant Gazprom has reported a 41.4% drop in net profit in 2022, to 14.2 billion euros, due to a drop in gas exports to Europe as a result of the conflict in Ukraine, heavily impacted by Western sanctions.
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Biden administration supports Mountain Valley pipeline project despite environmental criticism
The Biden administration is stirring up controversy by supporting the Mountain Valley Pipeline project despite environmental criticism. This decision may be seen as a setback for environmentalists who have been calling for bolder action against climate change.
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Biden administration supports Mountain Valley pipeline project despite environmental criticism
The Biden administration is stirring up controversy by supporting the Mountain Valley Pipeline project despite environmental criticism. This decision may be seen as a setback for environmentalists who have been calling for bolder action against climate change.
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European natural gas prices at two-year lows as summer approaches
European natural gas prices are hitting a new low due to comfortable storage levels and rising temperatures, while the European Union is trying to prevent a further price spike by launching bulk gas purchases to replenish stocks before winter.
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European natural gas prices at two-year lows as summer approaches
European natural gas prices are hitting a new low due to comfortable storage levels and rising temperatures, while the European Union is trying to prevent a further price spike by launching bulk gas purchases to replenish stocks before winter.
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Next Bridge Hydrocarbons acquires interest in the Orogrande project
Next Bridge Hydrocarbons, an oil and natural gas exploration and production company, has completed a strategic merger and acquired working interest in the Orogrande project. This transaction strengthens Next Bridge's presence in the Texas and Oklahoma energy sector, providing new opportunities and a strong position for the future.
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Next Bridge Hydrocarbons acquires interest in the Orogrande project
Next Bridge Hydrocarbons, an oil and natural gas exploration and production company, has completed a strategic merger and acquired working interest in the Orogrande project. This transaction strengthens Next Bridge's presence in the Texas and Oklahoma energy sector, providing new opportunities and a strong position for the future.
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Qatar Energy awards mega contract to Technip Energies and CCC
Qatar Energy awards contract to Technip Energies and CCC for the construction of two LNG trains in the North Field South. This milestone reinforces Qatar's commitment to meeting global natural gas demand and achieving its CO2 capture and sequestration targets.
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Qatar Energy awards mega contract to Technip Energies and CCC
Qatar Energy awards contract to Technip Energies and CCC for the construction of two LNG trains in the North Field South. This milestone reinforces Qatar's commitment to meeting global natural gas demand and achieving its CO2 capture and sequestration targets.
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Cyprus and Israel in negotiations for an offshore gas pipeline
Cyprus and Israel are discussing a pipeline linking their gas fields, but Cyprus' energy minister is suggesting a maritime corridor for the transport of liquefied gas instead, stressing the importance of natural gas supply and the search for efficient alternatives.
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Cyprus and Israel in negotiations for an offshore gas pipeline
Cyprus and Israel are discussing a pipeline linking their gas fields, but Cyprus' energy minister is suggesting a maritime corridor for the transport of liquefied gas instead, stressing the importance of natural gas supply and the search for efficient alternatives.
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Spanish PVB gas prices fall in April, remaining the cheapest in Europe
Natural gas prices in Spain continue to fall, reinforcing its position as the cheapest European market. Exports to France are increasing while domestic demand is growing.
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Spanish PVB gas prices fall in April, remaining the cheapest in Europe
Natural gas prices in Spain continue to fall, reinforcing its position as the cheapest European market. Exports to France are increasing while domestic demand is growing.
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Eni successfully unloads the first LNG cargo ship in Piombino
Eni has successfully unloaded the first LNG cargo at the new Snam regasification terminal in Piombino. This acquisition of regasification capacity is part of Eni's strategy to diversify LNG supplies in Italy.
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Eni successfully unloads the first LNG cargo ship in Piombino
Eni has successfully unloaded the first LNG cargo at the new Snam regasification terminal in Piombino. This acquisition of regasification capacity is part of Eni's strategy to diversify LNG supplies in Italy.
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China: Air Products to provide Technip Energies with technology for an LNG plant
Air Products, the world leader in liquefied natural gas technology and equipment, has signed an agreement to supply its liquefied natural gas processing technology and equipment to Technip Energies for the Xi'An LNG project in China. Air Products' technology will make this the largest liquefaction plant in the world.
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China: Air Products to provide Technip Energies with technology for an LNG plant
Air Products, the world leader in liquefied natural gas technology and equipment, has signed an agreement to supply its liquefied natural gas processing technology and equipment to Technip Energies for the Xi'An LNG project in China. Air Products' technology will make this the largest liquefaction plant in the world.
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LS Power to acquire 2.1 GW of natural gas generation portfolio
LS Power continues its expansion into the energy sector by announcing the acquisition of 2,145 MW of natural gas generating capacity in northern ERCOT, Texas. This acquisition strengthens LS Power's energy transition portfolio, which also includes renewable energy, energy storage and transportation infrastructure.
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LS Power to acquire 2.1 GW of natural gas generation portfolio
LS Power continues its expansion into the energy sector by announcing the acquisition of 2,145 MW of natural gas generating capacity in northern ERCOT, Texas. This acquisition strengthens LS Power's energy transition portfolio, which also includes renewable energy, energy storage and transportation infrastructure.
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EU extends correction mechanism to protect gas market
The EU is expanding its gas market correction mechanism to include additional virtual trading points, which will help protect the single market from gas price fluctuations. The European Commission believes that it is imperative to extend the mechanism to other VTPs, despite differing opinions.
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EU extends correction mechanism to protect gas market
The EU is expanding its gas market correction mechanism to include additional virtual trading points, which will help protect the single market from gas price fluctuations. The European Commission believes that it is imperative to extend the mechanism to other VTPs, despite differing opinions.
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Gas: $1 billion agreement between UAE’s ADNOC and TotalEnergies
TotalEnergies signs a three-year agreement with ADNOC Gas to supply it with liquefied natural gas and diversify its supply sources in Europe. This agreement is primarily aimed at the Asian market and is part of a search for energy security in the face of Russian dependence.
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Gas: $1 billion agreement between UAE’s ADNOC and TotalEnergies
TotalEnergies signs a three-year agreement with ADNOC Gas to supply it with liquefied natural gas and diversify its supply sources in Europe. This agreement is primarily aimed at the Asian market and is part of a search for energy security in the face of Russian dependence.
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Lenzing accelerates the energy transition at Heiligenkreuz
The Lenzing Group, world leader in special fibers for the textile and non-woven industries, has signed a contract for the acquisition of a 43 MW biomass power plant. This strategic acquisition will enable Lenzing to significantly reduce its dependence on fossil fuels.
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Lenzing accelerates the energy transition at Heiligenkreuz
The Lenzing Group, world leader in special fibers for the textile and non-woven industries, has signed a contract for the acquisition of a 43 MW biomass power plant. This strategic acquisition will enable Lenzing to significantly reduce its dependence on fossil fuels.
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Philippines: AG&P LNG import terminal receives first cargo
April 27, 2023 marks a historic turning point for the Philippine energy industry. AG&P International Pte. Ltd, a global leader in gas infrastructure, announced the successful arrival of the first clean and affordable floating storage unit (FSU) of liquefied natural gas (LNG) at the Philippine LNG import terminal (PHLNG).
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Philippines: AG&P LNG import terminal receives first cargo
April 27, 2023 marks a historic turning point for the Philippine energy industry. AG&P International Pte. Ltd, a global leader in gas infrastructure, announced the successful arrival of the first clean and affordable floating storage unit (FSU) of liquefied natural gas (LNG) at the Philippine LNG import terminal (PHLNG).
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Project Browse: a life extension for liquefied natural gas plants
BP acquires Shell's 27% interest in the Browse joint venture, increasing its stake to 44% in Australia's largest untapped gas resource. The Browse project could extend the life of the North West Shelf LNG plant.
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Project Browse: a life extension for liquefied natural gas plants
BP acquires Shell's 27% interest in the Browse joint venture, increasing its stake to 44% in Australia's largest untapped gas resource. The Browse project could extend the life of the North West Shelf LNG plant.
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Congo LNG: Eni’s innovative project to transform the country into a natural gas exporter
The Congo LNG project involves the construction of two floating plants for the liquefaction of natural gas, intended to transform the Republic of Congo into an LNG exporter from 2025. Eni is thus committed to promoting the energy transition in the country, using an environmentally sustainable approach.
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Congo LNG: Eni’s innovative project to transform the country into a natural gas exporter
The Congo LNG project involves the construction of two floating plants for the liquefaction of natural gas, intended to transform the Republic of Congo into an LNG exporter from 2025. Eni is thus committed to promoting the energy transition in the country, using an environmentally sustainable approach.
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Mozambique: TotalEnergies’ CEO says restarting gas project is “premature
The resumption of TotalEnergies' gas project in Mozambique is considered premature by its CEO, due to disagreements over the costs associated with the restart. The project had been suspended since 2021 following a jihadist attack.
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Mozambique: TotalEnergies’ CEO says restarting gas project is “premature
The resumption of TotalEnergies' gas project in Mozambique is considered premature by its CEO, due to disagreements over the costs associated with the restart. The project had been suspended since 2021 following a jihadist attack.
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UK regulator investigates Drax and its environmental promises
The UK energy regulator, Ofgem, has ordered an investigation into Drax, one of the leading producers of biomass energy. The purpose of this investigation is to assess Drax's compliance with the rules on the renewable origin of the electricity it generates, particularly with regard to the use of wood as an energy source.
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UK regulator investigates Drax and its environmental promises
The UK energy regulator, Ofgem, has ordered an investigation into Drax, one of the leading producers of biomass energy. The purpose of this investigation is to assess Drax's compliance with the rules on the renewable origin of the electricity it generates, particularly with regard to the use of wood as an energy source.
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Mozambique: TotalEnergies can resume its gas project, says head of state
Mozambique's president has given the green light for TotalEnergies to resume its natural gas project, which has been suspended since 2021 following a jihadist attack. However, TotalEnergies is cautious about resuming its operations.
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Mozambique: TotalEnergies can resume its gas project, says head of state
Mozambique's president has given the green light for TotalEnergies to resume its natural gas project, which has been suspended since 2021 following a jihadist attack. However, TotalEnergies is cautious about resuming its operations.
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U.S. Department of Energy denies Lake Charles LNG application
The U.S. Department of Energy denied Lake Charles LNG's request for a second extension of time to begin exports from its planned Louisiana export terminal. This decision is a setback for the 16.5 million tons per year project.
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U.S. Department of Energy denies Lake Charles LNG application
The U.S. Department of Energy denied Lake Charles LNG's request for a second extension of time to begin exports from its planned Louisiana export terminal. This decision is a setback for the 16.5 million tons per year project.
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Russia seeks to diversify its natural gas exports
Russia is considering supplying natural gas to China via companies other than Gazprom. The Power of Siberia 2 pipeline could be used with gas from Rosneft and INK, but China could be in a strong position because it does not need additional supplies until 2030.
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Russia seeks to diversify its natural gas exports
Russia is considering supplying natural gas to China via companies other than Gazprom. The Power of Siberia 2 pipeline could be used with gas from Rosneft and INK, but China could be in a strong position because it does not need additional supplies until 2030.
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France: A town heats with miscanthus, an eco-friendly plant
Bernwiller (Haut-Rhin) uses miscanthus, an ecological and economical plant, to heat its public buildings and about 70 homes. This rhizomatous plant native to Asia has sanitizing properties, does not require fertilizers or phytosanitary products, and has many outlets.
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France: A town heats with miscanthus, an eco-friendly plant
Bernwiller (Haut-Rhin) uses miscanthus, an ecological and economical plant, to heat its public buildings and about 70 homes. This rhizomatous plant native to Asia has sanitizing properties, does not require fertilizers or phytosanitary products, and has many outlets.
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Gas: Engie’s chairman envisages a winter 2023-2024 “without major difficulties”
The president of Engie is confident about LNG supply for the coming winter, thanks to reduced consumption and increased imports from Norway and the United States. European gas reserves are currently at a high fill rate.
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Gas: Engie’s chairman envisages a winter 2023-2024 “without major difficulties”
The president of Engie is confident about LNG supply for the coming winter, thanks to reduced consumption and increased imports from Norway and the United States. European gas reserves are currently at a high fill rate.
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Argentina: YPF to invest to boost oil exports
Argentina is developing its oil sector, especially with the exploitation of Vaca Muerta, a huge gas and oil deposit. YPF, the country's main oil company, is targeting production of 1.2 million barrels per day in the coming years.
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Argentina: YPF to invest to boost oil exports
Argentina is developing its oil sector, especially with the exploitation of Vaca Muerta, a huge gas and oil deposit. YPF, the country's main oil company, is targeting production of 1.2 million barrels per day in the coming years.
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