Seven out of 10 Scots worried about energy price hikes
Seven out of 10 Scots are worried about rising energy costs, research has found.
Gas
ExxonMobil reaps windfall of up to $1.9billion from oil and gas rally
ExxonMobil said higher crude oil and natural gas prices boosted quarterly results by as much as $1.9 billion.
Gas shortage leads to Pakistan losing 20% of vital textile exports
Pakistan’s natural gas shortage is hurting its most important export industry, putting even more stress on an economy already struggling with accelerating inflation and a weakening currency.
European gas posts longest declining streak in more than a year
European natural gas extended its declining streak to the longest in more than a year as shipments from the U.S. look set to ease the region’s energy crunch.
Glengorm: Appraisal yields ‘no commercial hydrocarbons’ at decade’s largest UK gas discovery
Questions have been raised over the future of Glengorm, hailed as the UK's largest gas discovery in a decade, after an appraisal campaign yielded no commercial hydrocarbons.
Southeast Asia’s oil and gas output at lowest level since 1998
The Covid-19 pandemic has marked the end of an era for Southeast Asia’s combined oil and gas production, pushing the region’s output in 2021 to below 5 million barrels of oil equivalent per day (boepd) for the first time since 1998. Significantly, this threshold is not likely to be exceeded again in the future, despite new project start-ups in coming years, the latest analysis from Rystad Energy shows.
Raise a glass – Thousands to spend Christmas day offshore keeping the nation fed and warm
People are being encouraged to “spare a thought” for the thousands of offshore workers spending the holidays away from their families in order to keep the UK running.
Victory: Plans submitted for West of Shetland gas discovery
Plans have been submitted to the UK Government to develop the Victory gas discovery in the West of Shetland.
Indonesia seeks $187bn in upstream oil and gas investment
The Indonesian government estimates that $187 billion needs to be invested in its upstream sector to meet its 2030 oil and gas production targets of 1 million barrels per day of oil and 12 billion cubic feet per day of gas. However, this target seems ambitious with major investors seeking to exit Indonesia's oil and gas sector, unless the government can attract local conglomerates.
Neptune Energy awards Petrofac two-year extension for work on Cygnus
Energy services giant Petrofac has secured a contract extension with Neptune Energy for work on the Cygnus field.
Oil CEOs strike back with warning on the energy transition
Buoyed by high oil prices, the bosses of the biggest explorers this week laid out a vision for the energy transition that hinges on more fossil-fuel investment rather than less.
Sri Lanka seeks to attract deep-water investors for Mannar gas discoveries
The government of Sri Lanka is seeking to attract “top international” investors and revive exploration in the country’s under-explored deep waters as it seeks to shift the island towards a gas-based economy. Significantly, it is looking for help appraising and developing two potentially large gas discoveries.
Japan is backing oil and gas even after COP26 climate talks
It’s been less than a month since world leaders pledged to combat climate change at the COP26 summit in Glasgow, yet Japan is already showing signs of putting the brakes on divestment from fossil fuels.
Storm Arwen dealt a hammer blow…to Aberdeenshire and the ‘electrify everything’ lobby
The “electrify everything” lobbying brigade has just been deal a damaging blow.
Wood lands contract for largest gas reserve in Turkey
Aberdeen-headquartered engineering giant Wood has won a contract working on the largest gas reserve in Turkey in the Black Sea.
Can Asia avert a gas supply crisis?
With domestic supply in decline, Asia urgently needs to address its growing gas and energy needs. In the past few months, multiple energy crunches across the globe highlights that a flexible and reliable supply of energy is critical to keep markets and prices stable. In Asia, a growing gap between booming gas demand and falling supply is cause for significant concern.
Stake in Shell’s Crux gas field off Australia up for sale as FID looms
Equity in the Shell-led Crux gas field offshore Australia, that will help backfill Shell’s (LSE:RDSA) Prelude floating liquefied natural gas (LNG) project, is up for sale, as the joint venture partners move closer to a final investment decision (FID).
European gas price slides on signs some Russian flows increase
European natural gas prices slipped on signs Russia may be starting to gradually deliver the boost in supplies President Vladimir Putin promised.
Asia snaps up American shale gas to keep boilers, furnaces lit
Asian liquefied natural gas (LNG) traders are rushing to secure shipments from the US, where prices are among the cheapest in the world, amid a dash to replenish supply before the winter.
TotalEnergies tackling ‘issues’ at Glendronach as it aims for ‘low cost, low emissions’ gas project
TotalEnergies (LON: TTE) (NYSE: TTE) has pledged to develop its Glendronach gas discovery in a ‘low cost, low emissions way’, in line with its new strategy.
ExxonMobil board debates dropping giant projects in Vietnam and Mozambique
ExxonMobil’s (NYSE:XOM) board of directors is debating whether to continue with several major oil and gas projects, that have high projected emissions profiles, as the supermajor reconsiders its investment strategy in a fast-changing energy landscape, the WSJ reported.
POSCO’s bid for Senex could be Australia’s largest upstream takeover since 2018
Australian east coast gas producer Senex Energy (AX:SXY) said today that it had received a $605 million takeover offer from POSCO International (KS:047050) and has embarked on an exclusive period of due diligence with the South Korean trader.
China raises coal and gas imports to counter energy crisis
China’s energy crunch pulled in more coal and gas imports in September, as buyers scrambled to ensure adequate supplies to counter a deepening power shortage ahead of peak winter demand.
Putin says Russia is ready to supply extra gas to Europe
Russia is ready to deliver all of the natural gas that Europe needs, said President Vladimir Putin, blaming the continent’s current energy crisis on flawed policies rather than a lack of supply.
Major Russian gas plant shut down following fire
A large gas refinery in the Far East of Russia has been shut down after a fire erupted at the site early on Friday morning.