(World Oil) – (Bloomberg) – New supplies of liquefied natural gas take time to develop, and significant new capacity will only start kicking in over the coming years, a senior Exxon Mobil Corp. executive said. Demand for LNG is rising as Europe turns to the fuel to help plug gaps after losing the supply of Russian gas piped through Ukraine.
(Oil Price) – Italy looks to finalize by the end of 2027 plans and legislation that would allow a return to nuclear power generation after more than four decades, Italian Energy Security Minister and Environment Minister, Gilberto Pichetto Fratin, told Italian business daily Il Sole 24 Ore in an interview published on Thursday. Italy halted nuclear reactors after a referendum in 1987 following
(World Oil) – SLB Capturi has completed commissioning and is handing over its modular carbon capture plant at Twence’s waste-to-energy facility in Hengelo, Netherlands. SLB Capturi is the joint venture between SLB and Aker Carbon Capture, dedicated to carbon removal and reduction solutions. The new plant has the capacity to capture up to 100,000 metric tons of CO2 per year, which
(Oil Price) – At least six LNG cargoes loaded in the United States and initially en route to Asia have been diverted to Europe as European natural gas prices have rallied in recent weeks while Asian prices drop with weaker demand and high inventories. The diverted U.S. cargoes were initially traveling to Asian buyers in China, South Korea, Singapore, and Thailand.
(Oil Price) – U.S. supermajor Chevron has expressed interest in oil and gas exploration offshore Greece, the Greek Ministry of Energy and Environment said on Monday, adding that exploration is part of the national strategy for energy independence and lower energy costs. Chevron is interested in exploring the area southwest of the Peloponnese peninsula and to the west of the island of Crete,
(Oil & Gas 360) CanCambria Energy Corp (TSXV: CCEC) (the “Company” or “CanCambria”) is pleased to announce that it has closed the first tranche (the “Initial Tranche“) of its non-brokered private placement (the “Offering”) announced on January 7, 2025 (the “Previous Announcement“), issuing a total of 5,273,000 units (the “Units”) of the Company at a price of $0.50 per
(World Oil) – (Bloomberg) – Norway’s oil and gas companies delivered record levels of natural gas in 2024 and will drill a similar number of exploration wells this coming year, in a push to offset production declines later in the decade. Some 40 wells are due to be drilled in 2025, on par with the 42 drilled last year, the Norwegian
MOSCOW – Russian gas supplies to Europe via Ukraine are set to end on New Year’s Day, bringing down the curtain on Moscow’s long period of dominance of supply in the European gas market. Russia’s oldest gas export route to Europe – a pipeline dating back to Soviet days – was set to shut at the end of 2024, as
(BOE Report) – Russia pumped gas on Monday to European customers via Ukraine for one of the last days before a key transit deal expires at the end of the year, marking the almost complete loss of Russia’s once mighty hold over the European gas market. Supplies of Russian gas via Ukraine are due to stop from the early hours
(Oil Price) – Ukraine has taken delivery of its first U.S. LNG cargo at a Greek terminal as Ukraine and Europe look to bolster their energy security by reducing their dependence on Russian gas, Ukraine’s largest private energy company, DTEK, said on Friday. The delivery of approximately 100 million cubic meters of gas, or 1 TWh of energy, onboard the Gaslog Savannah arrived
(Washington Post) – Donald Trump often says that liberating Iraq without getting its oil resources was one of America’s biggest foreign policy blunders. He has a chance to avoid a similar mistake in Ukraine. Ukraine is not only the breadbasket of Europe; it is also a mineral superpower with some of the largest reserves of 117 of the 120 the most widely used minerals in the world.
(Investing) – U.S. President-elect Donald Trump said on Friday the European Union should step up U.S. oil and gas imports or face tariffs on the bloc’s exports that include goods such as cars and machinery. The EU already buys the lion’s share of U.S. oil and gas exports, according to U.S. government data. No extra volumes are currently available as the
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