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GE and Aksa Energy for a sustainable energy transition in Kazakhstan
Aksa Energy has selected GE's gas turbine technology for its new combined heat and power plant in Kyzylorda, as part of its energy transition to low-carbon technologies and Kazakhstan's net zero carbon goal. This partnership will help modernize the country's aging power infrastructure and meet the growing demand for reliable and flexible electricity.
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GE and Aksa Energy for a sustainable energy transition in Kazakhstan
Aksa Energy has selected GE's gas turbine technology for its new combined heat and power plant in Kyzylorda, as part of its energy transition to low-carbon technologies and Kazakhstan's net zero carbon goal. This partnership will help modernize the country's aging power infrastructure and meet the growing demand for reliable and flexible electricity.
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RWE and ADNOC: a partnership for Germany
RWE and the Abu Dhabi National Oil Company (ADNOC) have announced their partnership to supply liquefied natural gas (LNG) to Germany.
ERWE et ADNOC
RWE and ADNOC: a partnership for Germany
RWE and the Abu Dhabi National Oil Company (ADNOC) have announced their partnership to supply liquefied natural gas (LNG) to Germany.
ERWE et ADNOC
Oil demand expected to increase by 2 million b/d
According to the International Energy Agency (IEA), global oil demand is expected to increase by 100,000 barrels per day in 2023 due to China's economic recovery and the aviation sector. Market optimism and external factors boosted production, with an increase in the estimate for global oil production growth of 200,000 b/d.
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Oil demand expected to increase by 2 million b/d
According to the International Energy Agency (IEA), global oil demand is expected to increase by 100,000 barrels per day in 2023 due to China's economic recovery and the aviation sector. Market optimism and external factors boosted production, with an increase in the estimate for global oil production growth of 200,000 b/d.
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USA: Commercial crude oil reserves take off
U.S. commercial crude oil reserves rose by 16.3 million barrels last week, despite a general softening in demand. This surprise figure caused prices to plummet and commercial stocks are at their highest level since early June 2021.
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USA: Commercial crude oil reserves take off
U.S. commercial crude oil reserves rose by 16.3 million barrels last week, despite a general softening in demand. This surprise figure caused prices to plummet and commercial stocks are at their highest level since early June 2021.
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Israel makes its first crude oil exports
Israel is starting to export crude oil for the first time in its history, a further step towards energy independence thanks to its resources in the Mediterranean.
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Israel makes its first crude oil exports
Israel is starting to export crude oil for the first time in its history, a further step towards energy independence thanks to its resources in the Mediterranean.
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Oil prices decline
Oil prices record a further decline after the U.S. government's decision to release millions of additional barrels from its strategic reserve and the possible buildup of U.S. crude inventories. Analysts expect oil prices to continue to fall in the coming days.
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Oil prices decline
Oil prices record a further decline after the U.S. government's decision to release millions of additional barrels from its strategic reserve and the possible buildup of U.S. crude inventories. Analysts expect oil prices to continue to fall in the coming days.
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JERA wins LNG tender in Bangladesh
JERA won the tender for the delivery of LNG to Bangladesh with the lowest price offered, confirming its leading position in the energy sector. Competing suppliers including TotalEnergies submitted higher offers for the same cargo.
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JERA wins LNG tender in Bangladesh
JERA won the tender for the delivery of LNG to Bangladesh with the lowest price offered, confirming its leading position in the energy sector. Competing suppliers including TotalEnergies submitted higher offers for the same cargo.
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Gas consumption falls in several regions of the world
Gas consumption fell sharply in January in several parts of the world, particularly in the European Union and the United Kingdom, due to mild temperatures and the rise of renewable energy.
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Gas consumption falls in several regions of the world
Gas consumption fell sharply in January in several parts of the world, particularly in the European Union and the United Kingdom, due to mild temperatures and the rise of renewable energy.
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The impact of war and sanctions on Russian gas
The impact of the war in Ukraine on gas trade with Europe has been disastrous for Russia, with several exports reduced and revenues almost halved this year according to estimates. Russia is seeking to adapt by negotiating new commercial contracts and diversifying its gas production in order to continue to maintain its economy.
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The impact of war and sanctions on Russian gas
The impact of the war in Ukraine on gas trade with Europe has been disastrous for Russia, with several exports reduced and revenues almost halved this year according to estimates. Russia is seeking to adapt by negotiating new commercial contracts and diversifying its gas production in order to continue to maintain its economy.
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OPEC raises oil demand forecast for 2023
The Organization of the Petroleum Exporting Countries (OPEC) revised upward its forecast for global oil demand growth in 2023 in its monthly report released Tuesday. The lifting of COVID-19 restrictions in China and expected production cuts in Russia and other non-OPEC producers led to this upward revision, the first in several months. Oil prices could rise with demand growth of 2.3%.
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OPEC raises oil demand forecast for 2023
The Organization of the Petroleum Exporting Countries (OPEC) revised upward its forecast for global oil demand growth in 2023 in its monthly report released Tuesday. The lifting of COVID-19 restrictions in China and expected production cuts in Russia and other non-OPEC producers led to this upward revision, the first in several months. Oil prices could rise with demand growth of 2.3%.
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Construction of Jiangsu Huadian Ganyu LNG terminal begins
China continues its expansion in the LNG sector with the construction of the Jiangsu Huadian Ganyu terminal. With a capacity to receive 3 million tons per year, this project is one of four approved by the central government in 2022. The construction was launched in Ganyu port, Lianyungang and is expected to be operational in 2026.
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Construction of Jiangsu Huadian Ganyu LNG terminal begins
China continues its expansion in the LNG sector with the construction of the Jiangsu Huadian Ganyu terminal. With a capacity to receive 3 million tons per year, this project is one of four approved by the central government in 2022. The construction was launched in Ganyu port, Lianyungang and is expected to be operational in 2026.
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Pakistan seeks to buy cheap Russian oil
Pakistan wants to buy cheap Russian oil to reduce its financial burden, but logistical and technical obstacles stand in its way, according to government and industry sources.
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Pakistan seeks to buy cheap Russian oil
Pakistan wants to buy cheap Russian oil to reduce its financial burden, but logistical and technical obstacles stand in its way, according to government and industry sources.
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Aker BP: plans to increase Grane crude production in Norway
Aker BP announces ambitious plans to increase its crude oil production, including increased volumes of Grane crude blend. Investments in the Ivar Aasen, Edvard Grieg, Symra, Solveig Phase 2 and Troldhaugen fields, as well as the major Yggdrasil project, will enable Aker BP to reach an average production of 430,000 to 460,000 b/d in 2023.
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Aker BP: plans to increase Grane crude production in Norway
Aker BP announces ambitious plans to increase its crude oil production, including increased volumes of Grane crude blend. Investments in the Ivar Aasen, Edvard Grieg, Symra, Solveig Phase 2 and Troldhaugen fields, as well as the major Yggdrasil project, will enable Aker BP to reach an average production of 430,000 to 460,000 b/d in 2023.
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Global oil demand at highest since pandemic
Oil consumption exceeds its pre-pandemic level according to Opec. Despite growing concerns about climate change, global demand for oil is not waning. Developing countries will drive growth, while China is expected to support demand in 2023.
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Global oil demand at highest since pandemic
Oil consumption exceeds its pre-pandemic level according to Opec. Despite growing concerns about climate change, global demand for oil is not waning. Developing countries will drive growth, while China is expected to support demand in 2023.
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International sanctions and their impact on Russian trade
Russia has seen its gas exports fall by more than 25%, while oil exports have grown by 7.6%. International sanctions have a significant impact on Russian gas sales, but demand for Russian crude oil has increased in India, China and Turkey.
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International sanctions and their impact on Russian trade
Russia has seen its gas exports fall by more than 25%, while oil exports have grown by 7.6%. International sanctions have a significant impact on Russian gas sales, but demand for Russian crude oil has increased in India, China and Turkey.
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IEA warns of continuing crisis in gas markets
With Russia more than halving its gas deliveries to the European Union and pipelines virtually shut down in 2023, the International Energy Agency (IEA) is convening a special meeting with ministers from more than 40 countries to "review the situation of gas markets."
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IEA warns of continuing crisis in gas markets
With Russia more than halving its gas deliveries to the European Union and pipelines virtually shut down in 2023, the International Energy Agency (IEA) is convening a special meeting with ministers from more than 40 countries to "review the situation of gas markets."
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Ansaldo Energia signs a 160 million euro contract with AzerEnerji
Italy strengthens its energy cooperation with Azerbaijan by supplying 4 gas turbines for more than 160 million euros. This major agreement marks the diversification of Italy's energy supplies and its independence from Russia.
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Ansaldo Energia signs a 160 million euro contract with AzerEnerji
Italy strengthens its energy cooperation with Azerbaijan by supplying 4 gas turbines for more than 160 million euros. This major agreement marks the diversification of Italy's energy supplies and its independence from Russia.
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Gas consumption down in France
Gas consumption in France has recorded a significant decrease of 6.2% in 2022 compared to 2021. This decrease is the result of consumers' sobriety efforts as well as high gas prices. The decrease is even more notable when weather conditions are taken into account, amounting to 9.3% for a total consumption of 430 TWh. However, this decline was largely mitigated by the high use of gas in power plants, which increased by 54.4% to 61 TWh for the year.
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Gas consumption down in France
Gas consumption in France has recorded a significant decrease of 6.2% in 2022 compared to 2021. This decrease is the result of consumers' sobriety efforts as well as high gas prices. The decrease is even more notable when weather conditions are taken into account, amounting to 9.3% for a total consumption of 430 TWh. However, this decline was largely mitigated by the high use of gas in power plants, which increased by 54.4% to 61 TWh for the year.
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Keystone pipeline leak to cost TC Energy $480 million
TC Energy announced Thursday that the aftermath of the December oil spill in Kansas will cost it $480 million. The amount includes costs incurred for cleanup, surveys and feedback. According to the initial investigation, the leak was caused by a combination of factors, including pressure that could lead to deformation of the pipeline and a weld defect.
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Keystone pipeline leak to cost TC Energy $480 million
TC Energy announced Thursday that the aftermath of the December oil spill in Kansas will cost it $480 million. The amount includes costs incurred for cleanup, surveys and feedback. According to the initial investigation, the leak was caused by a combination of factors, including pressure that could lead to deformation of the pipeline and a weld defect.
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South African industry threatens the country’s energy transition
A study by the environmental NGO InfluenceMap reveals that South African companies, despite their support for renewable energy, continue to support the use of coal and natural gas. Their lobbying for fossil fuels jeopardizes the country's climate goals.
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South African industry threatens the country’s energy transition
A study by the environmental NGO InfluenceMap reveals that South African companies, despite their support for renewable energy, continue to support the use of coal and natural gas. Their lobbying for fossil fuels jeopardizes the country's climate goals.
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Oil: Lower demand in the US and uncertain recovery in China
Oil prices took a breather Thursday after a three-session run-up. Recovering demand in China remains the main driver of higher prices, but concrete signs of recovery are uncertain due to a new wave of contamination in Covid-19. In addition, demand for oil in the United States, the largest consumer of crude oil, is declining and is "a major problem".
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Oil: Lower demand in the US and uncertain recovery in China
Oil prices took a breather Thursday after a three-session run-up. Recovering demand in China remains the main driver of higher prices, but concrete signs of recovery are uncertain due to a new wave of contamination in Covid-19. In addition, demand for oil in the United States, the largest consumer of crude oil, is declining and is "a major problem".
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United States: Crude oil up 2.4 million barrels
While strategic reserves remained unchanged, U.S. commercial crude inventories rose by 2.4 million barrels last week according to figures released by the EIA. Rising inventories have led to a surge in refinery capacity utilization and record U.S. consumption of petroleum products at 20.5 million barrels per day.
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United States: Crude oil up 2.4 million barrels
While strategic reserves remained unchanged, U.S. commercial crude inventories rose by 2.4 million barrels last week according to figures released by the EIA. Rising inventories have led to a surge in refinery capacity utilization and record U.S. consumption of petroleum products at 20.5 million barrels per day.
Baril-de-petrole-illust-position-Russie-nov-2018
Record profits for oil “super majors” in 2022
The year 2022 was a successful one for the major oil companies, which raked in $151 billion in net income. However, not everyone is happy with these profits, with governments and NGOs questioning their relevance in the midst of a global energy and climate crisis.
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Record profits for oil “super majors” in 2022
The year 2022 was a successful one for the major oil companies, which raked in $151 billion in net income. However, not everyone is happy with these profits, with governments and NGOs questioning their relevance in the midst of a global energy and climate crisis.
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Global Bioenergies relies on biomass to decarbonize air transport
Today, Global Bioenergies focuses on the production of isobutene for the cosmetics industry and for sustainable aviation fuels. The start-up aims to open a new plant in 2025 to produce 2,000 tonnes a year, and to finance a site dedicated to sustainable aviation fuels by 2028.
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Global Bioenergies relies on biomass to decarbonize air transport
Today, Global Bioenergies focuses on the production of isobutene for the cosmetics industry and for sustainable aviation fuels. The start-up aims to open a new plant in 2025 to produce 2,000 tonnes a year, and to finance a site dedicated to sustainable aviation fuels by 2028.
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First coal shipment in two years between Australia and China
After years of dissension, Australia and China seem to be on the verge of a more positive relationship. The first coal shipment en route to China in over two years is an encouraging sign of warming trade ties between the two Pacific powers. This event represents an important step in stabilizing relations between Australia and China.
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First coal shipment in two years between Australia and China
After years of dissension, Australia and China seem to be on the verge of a more positive relationship. The first coal shipment en route to China in over two years is an encouraging sign of warming trade ties between the two Pacific powers. This event represents an important step in stabilizing relations between Australia and China.
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NexGen Energy Ltd: Expanded exploration program for 2023
NexGen Energy Ltd. today announced the launch of an expanded exploration program for the year 2023, with a clear focus on testing the promising mineralized zones identified in the southwestern Athabasca Basin of Saskatchewan.
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NexGen Energy Ltd: Expanded exploration program for 2023
NexGen Energy Ltd. today announced the launch of an expanded exploration program for the year 2023, with a clear focus on testing the promising mineralized zones identified in the southwestern Athabasca Basin of Saskatchewan.
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