Spain Restarts Natural Gas Flows to Morocco on Maghreb-Europe Pipeline
(Reuters) — Natural gas has started flowing from Spain towards Morocco through a pipeline thatstopped flowing in November amid a diplomatic row between Morocco and Algeria, data from Spanish gas grid operator Enagas showed on Wednesday.Algeria decide…
Oil Likely To Hit $200: SEB Group
Oil prices are likely to soar past $200 per barrel if G7 manages to cap the price of Russian crude oil, according to chief commodities analyst at Swedish bank SEB Group.Bjarne Schieldrop, SEB analyst,said on Wednesday in no uncertain terms that the G7…
Greece Looking to Secure Deal with Italy for Gas Storage
(Reuters) — Greece has been in talks with Italy to see whether it can store gas in the neighboring country as part of efforts to secure supplies if Russian flows are disrupted, Greeces energy regulator said on Monday.European Union countries and lawm…
Oil prices rise 1% as UAE says it has no spare capacity; Brent crude reaches $116.17/bbl
By ReutersOil prices rose about 1% in early Asian trade on Tuesday after the United Arab Emirates energy minister said the nation is producing near capacity, countering expectations that it could help boost supply in a tight market.The UAE and Saudi A…
India’s L&T lands three “large” oil and gas offshore contracts from leading international client
By Nishant Ugal Indianengineering and construction giant Larsen & Toubro (L&T) has won three “large” offshore packages for its hydrocarbon business from anunnamed international client.L&T revealed the scope of workfor the new co…
India Moves to Modernize, Expand Gas Pipeline Network
By Gordon Feller, P&GJ Contributor Indian government says that it foresees an increase in the share of natural gas in the country’s energy mix – from 6% in 2021 to 15% by 2025. A total of $60 billion of new investment planned in the country’s …
China operates first smart oil refinery with 5G+ industrial internet
Chinas first intelligent oil refinery with a dual-frequency 5G-plus industrial internet went fully operational on Tuesday, its operator, the Huizhou Petrochemicals Company under China National Offshore Oil Corporation, announced. Located in Huizhou Ci…
Namibia’s largest oil discoveries may help double GDP by 2040
(Bloomberg) — Namibia expects its biggest oil discoveries since independence to help double its economy by 2040, Jennifer Comalie, chairperson of National Petroleum Corp. of Namibia, said in a Bloomberg TV interview.TotalEnergies SE in February said …
EIA: US Refining Capacity Sinks To Near Decade Low
Operable refining capacity in the United States hit a nearly decade low in 2022, the EIA’s latest Refining Capacity Report showed on Tuesday.U.S. refining capacity fell this year to 17.94 million barrels per day as of January 1, according to the late…
EU Signs Strategic Partnership With Oil, Gas-Rich Gulf Nations
The European Union today said it would form a “strategic partnership” with the Gulf Cooperation Council and its Member States “as part of enhancing engagement in the broader region,” the EU said on Monday in a publication of the council’s conclus…
China to ban new heavy industrial projects in key zones
SHANGHAI,June 17 (Reuters) - China will ban new steel, coking, oil refining, cement and glass projects in key zones, the government said on Friday ina wide-ranging policy document aimed at tackling pollution and meeting the countrys climate goals.Itsa…
U.S. steps up heavy crude imports as Biden blasts profiteering
HOUSTON, June 16 (Reuters) - U.S. refiners last month imported the most heavy crude in nearly two years, customs data showed, as they cranked up motor fuel production and sought to replace sanctioned Russian oil.Higher heavy-crude imports are common i…
Energy executives at transition conference still lean on fossil fuels
NEW YORK, June 14 (Reuters) - Energy company executives at a conference on the global transition insisted on Tuesday that fossil fuels, especially natural gas, are still needed at a time when global markets grapple with tight energy supplies and skyro…
Drilling vs returns. U.S. oil producers' tradeoff as windfall tax threatens
June 13 (Reuters) - U.S. oil producers profiting from sky-high prices are doling out billions to shareholders and building cash reserves, a strategy irking lawmakers and voters struggling with record fuel prices while winning over Wall Street.Soaring …
Australian state to invest $850 mln in power grid
MELBOURNE, June 10 (Reuters) - Australias New South Wales state on Friday said it would invest A$1.2 billion ($850 million) in new transmission lines over 10 years to speed up connections to the grid for new renewable energy projects as the state look…
Ukraine eyes billions in euros from Europe electricity exports
KYIV, June 8 (Reuters) - Ukraine hopes to make 1.5 billion euros from electricity exports to the European Union by the end of the year and earn to more in the future after obtaining the right to export its energy there, a Ukrainian energy ministry adv…