economics
UAE's ADNOC awards $17 B in contracts for gas project
ADNOC said it had awarded contracts worth about $16.94 billion for a gas project that aims to operate with net zero carbon dioxide emissions, adding it would be the first in the world to do so.
Prices down on healthy storage, strong LNG flows
Dutch wholesale gas prices fell morning amid solid European storage levels, high Norwegian supply, strong flows of LNG and mild weather.
RWE CEO says gas supply problems still a risk
Germany must speed up construction of gas import infrastructure to avoid supply squeezes, the CEO of the country's largest utility told news outlet WirtschaftsWoche, adding the risk of soaring energy prices had not been fully contained.
Chevron, Australian unions hit snag in deal, workers to meet for possible strike vote
Efforts to finalize a pact to end strikes at Chevron's two Australian LNG plants hit a snag with unions accusing the U.S. energy major of reneging on commitments and potentially gearing up to resume stoppages.
Moldova introduces free gas transit to Ukraine for winter supplies
Moldovan authorities have enacted regulations calling for free transport of European gas to and from storage facilities in neighboring Ukraine to ensure the country's winter needs are met.
MAIRE awarded $8.7-B contract by ADNOC for the onshore portion of the HAIL and GHASHA development project in Abu Dhabi
MAIRE announces that Tecnimont, part of the Integrated E&C Solutions business unit, signed a Letter of Award with ADNOC for the onshore processing plant of the Hail and Ghasha Development Project.
U.S. exports of natural gas set a record high in the first half of 2023
The United States exported more natural gas in the first half of 2023 (1H23) than it did in the same period of any previous year. Natural gas exports averaged 20.4 billion cubic feet per day (Bf3d), 4% (0.8 Bf3d) more than in 1H22, according to our Natural Gas Monthly.
Moldova could buy Russian gas if conditions are right
Moldova has not used Russian gas since late last year, but it is keeping open the option of buying supply from Gazprom if conditions are right.
MET Group sets up LNG trading office in Singapore
Switzerland-based energy trader MET Group said it has set up an office in Singapore to focus on LNG trading as well as asset investments in what will be its first office in Asia.
Exxon Mobil to sell majority stake in Italy LNG terminal to BlackRock
Exxon Mobil Corp chose BlackRock as the potential buyer for its majority stake in Italy's main LNG import terminal.
Niger bans exports of liquefied petroleum gas
Niger has banned all exports of LPG until further notice, the government said in a statement.
bp’s Archaea Energy achieves major milestone, brings online first of its kind RNG plant
bp’s Archaea Energy announced the official startup of its original Archaea Modular Design RNG plant in Medora, Indiana, located next to a landfill owned by Rumpke Waste and Recycling.
Dutch wholesale gas prices slip on storage levels, Norwegian supply
Dutch wholesale gas prices edged lower morning on high storage levels and strong Norwegian supply.
Baker Hughes announces milestone electric-LNG Award for ADNOC Ruwais LNG Export Terminal
Baker Hughes announced it has received a letter of award by ADNOC Gas, for and on behalf of ADNOC, to provide two electric liquefaction systems (e-LNG) for the Ruwais LNG project in the United Arab Emirates.
Freeport LNG seeks to restart more of export plant in Texas (U.S.)
U.S. LNG company Freeport LNG sought permission from federal energy regulators to take more steps to return its export plant in Texas to full commercial operation.
ADNOC and Occidental to advance direct air capture project in the UAE
ADNOC and Occidental announced, today, an agreement to undertake a joint preliminary engineering study for the construction of the first megaton-scale direct air capture facility outside the United States.
Gazprom to send 42.3 Mm3 of gas to Europe via Ukraine
Russia's Gazprom said it would send 42.3 Mm3 of gas to Europe via Ukraine on Tuesday, up from 41.2 Mm3 on Monday.
Egypt to resume LNG exports this month, minister says
Egypt, which faces growing demand for gas from its population of 105 million, will resume LNG exports this month as planned.
U.S. LNG exports slump in September as plant outages pare output
U.S. exports of LNG fell modestly in September from August as scattered outages at four gas-processing plants led to lower shipments, LSEG vessel tracking data showed.
U.S. natural gas prices fall 3% on mild weather, lower winter prices
U.S. natural gas futures fell about 3% on forecasts for lower demand due to milder weather over the next two weeks and longer over the upcoming winter.
Cheniere Energy's gas intake at Texas LNG plant down for fourth day
Gas flows to Cheniere Energy's Corpus Christi, Texas, LNG export plant were reduced for a fourth consecutive day, according to data provider LSEG.
Moldova will no longer buy gas from Russia's Gazprom
Much of Moldova will no longer buy gas from Russian energy giant Gazprom, Moldovan Energy Minister Victor Parlicov said on Monday, referring to parts of the country that capital Chisinau controlled and not breakaway areas.
ADNOC top exec says oil and gas could remain relevant until 2050
Oil and gas will remain a relevant part of the energy mix until potentially 2050, Musabbeh Al Kaabi, Executive Director of Low Carbon Solutions and International Growth at Abu Dhabi National Oil Company said during an energy conference in Abu Dhabi.
GTC Vorro Technology launches calculator for quick, accurate determination of H2S and equivalent SO2 mass
GTC Vorro Technology, a turnkey provider of environmental services and process technologies to oil and gas, refining and petrochemical companies, has debuted its new calculator for generating the amount of hydrogen sulfide and sulfur dioxide mass.
Azerbaijan's gas exports to Turkey to reach 10.2 bm3 in 2023
Natural gas exports from Azerbaijan to Turkey have reached 7.4 bcm so far this year and are expected at 10.2 bm3 in 2023.
Gas prices fall as some Norwegian outages end
Dutch and British wholesale gas prices fell as Norwegian pipeline supplies picked up after some maintenance outages ended.
Asia spot LNG prices hit 7-month high on rising demand, Europe supply worries
Asian spot LNG prices rose for a third week, gaining $1 to a seven-month high, amid increased demand in Asia and supply concerns in Europe.
Czech government approves deal for Net4Gas purchase
The Czech government approved a plan for state-controlled electricity transmission grid operator CEPS to acquire natural gas transmission system operator Net4Gas.
Saudi Aramco enters the global LNG industry
Saudi Arabia's oil group Aramco said it had agreed to acquire a strategic minority stake in LNG company MidOcean Energy for $500 MM, with an option to increase the size of the shareholding.
Ukraine's Naftogaz starts gas production at five new wells
Ukrainian state-owned oil and gas firm Naftogaz, aiming to cover the country's needs with domestic production, has brought five new gas wells into operation.
- Biogas in France: TotalEnergies starts its 2nd largest unit in Normandy
- ONEOK announces joint ventures with MPLX to build LPG export terminal at U.S. Gulf Coast location
- Ukraine plans to import 800 MMm3 of gas until April after Russian strikes
- Parker Hannifin joins iHAPC project to test H2 and argon for cleaner and more energy-efficient engine technologies
- India's BPCL signs LPG supply deal with Norway's Equinor
