Saipem secures five new offshore drilling contracts worth $800m

Italian oilfield services provider Saipem has won three offshore drilling contracts in the Middle East, and two in West Africa, for a total amount of about $800 million. Both…Continue readingSaipem secures five new offshore drilling contracts worth $800m

US FERC approves Commonwealth LNG project in Louisiana

The US Federal Energy Regulatory Commission (FERC) has approved Commonwealth LNG’s proposed liquefied natural gas (LNG) export terminal project of the same name in Louisiana. Proposed to be constructed…Continue readingUS FERC approves Commonwealth LNG project in Louisiana

HSM wins contract to build N05-A gas production platform in North Sea

Dutch construction company HSM Offshore Energy has secured a contract for the construction of a production platform at N05-A gas field in the North Sea. HSM will build the…Continue readingHSM wins contract to build N05-A gas production platform in North Sea

Qatarenergy and Sinopec sign a 27-year 4 million tons per annum LNG supply agreement to China

QatarEnergy entered into a 27-year Sale and Purchase Agreement (SPA) with China Petroleum & Chemical Corporation (Sinopec) for the supply of 4 million tons per annum (MTPA) of LNG…Continue readingQatarenergy and Sinopec sign a 27-year 4 million tons per annum LNG supply agreement to China

What is the fossil-fuel industry doing at COP27?

Tens of thousands of delegates have descended on Sharm el-Sheikh, an Egyptian resort town, for COP27, the UN climate summit. Of the 33,000-odd that registered, about 16,000 represent the…Continue readingWhat is the fossil-fuel industry doing at COP27?

First cargo from $8 billion Coral South Floating LNG project

Eni, ExxonMobil, and other Area 4 partners have achieved the milestone of shipping the first cargo of liquefied natural gas (LNG) from the $8 billion Coral South floating LNG…Continue readingFirst cargo from $8 billion Coral South Floating LNG project

COP27 being used to rebrand gas as transitional fuel, experts warn

Gas producers and their financial backers see COP27 as an opportunity for discussions about rebranding natural gas as a transition fuel rather than a fossil fuel, experts have said.…Continue readingCOP27 being used to rebrand gas as transitional fuel, experts warn

LNG tankers idle off Europe’s coast as traders wait for gas price rise

More than 30 tankers holding liquefied natural gas (LNG) are floating just off Europe’s shoreline as energy traders bet the autumn price reprieve prompted by robust supplies and warm…Continue readingLNG tankers idle off Europe’s coast as traders wait for gas price rise

Biden courted oil companies before threatening them with windfall tax

Before President Biden lambasted oil companies for excess profits and threatened to slap a “windfall tax” on them, several of his top energy advisers privately attempted to woo that…Continue readingBiden courted oil companies before threatening them with windfall tax

Update to Greenhouse Gas Emissions

Greenhouse Gas Emissions on this site has been updated with newly published data from the Global Carbon Project.Continue readingUpdate to Greenhouse Gas Emissions

Fossil fuel projects were stalled a year ago. Now they’re making a comeback.

The fossil fuel industry is experiencing a remarkable rebound, with sudden momentum behind more than 80 projects that range from coal-fired power plants to hulking gas export terminals, many…Continue readingFossil fuel projects were stalled a year ago. Now they’re making a comeback.

The magnificent Lake Eyre Basin is threatened by 831 oil and gas wells, and more are planned

The heart-shaped Lake Eyre Basin covers about one-sixth of Australia. It contains one of the few remaining pristine river systems in the world. The Lake Eyre Basin is probably…Continue readingThe magnificent Lake Eyre Basin is threatened by 831 oil and gas wells, and more are planned

Mitsubishi fully commissions 2.65GW gas power plant in Thailand

Mitsubishi Power said that the fourth and final unit of the Chonburi power plant, a 2.65GW gas-fired power facility in Thailand, has commenced operation. The Chonburi power plant is…Continue readingMitsubishi fully commissions 2.65GW gas power plant in Thailand

Finland’s first LNG import terminal has started commercial operations

The first LNG (liquid natural gas) import terminal in Finland has been connected to the transmission network. Hamina LNG provides LNG storage services, regasification and injection services into the…Continue readingFinland’s first LNG import terminal has started commercial operations

MidOcean to acquire Tokyo Gas’ stakes in Australian gas projects for $2.1 billion

MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by EIG, has agreed to acquire the stakes of Tokyo Gas in four integrated LNG projects in Australia…Continue readingMidOcean to acquire Tokyo Gas’ stakes in Australian gas projects for $2.1 billion

UK fracking and oil drilling good for environment, claims climate minister

Fracking and drilling for new oil and gas in the North Sea is green and good for the environment, Liz Truss’s new climate minister said on Wednesday. Graham Stuart…Continue readingUK fracking and oil drilling good for environment, claims climate minister

ADNOC and TAQA close financing for 3.8 billion dollar decarbonisation of oil and gas extraction

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company (TAQA) have closed financing for a $3.8 billion project to decarbonise ADNOC’s offshore oil and gas extraction…Continue readingADNOC and TAQA close financing for 3.8 billion dollar decarbonisation of oil and gas extraction

European countries invest in Qatar gas

France’s TotalEnergies has signed a new investment deal in Qatar’s natural gas production expansion. Speaking alongside TotalEnergies chief executive Patrick Pouyanne on Saturday, Qatar Energy Minister Saad Sherida al-Kaabi…Continue readingEuropean countries invest in Qatar gas

U.S. administration awards Gulf of Mexico drilling leases to oil giants

The Biden administration on Wednesday reinstated $190 million worth of leases to companies bidding to explore for oil and gas in the Gulf of Mexico. The administration sought to…Continue readingU.S. administration awards Gulf of Mexico drilling leases to oil giants

East Timor’s Ramos-Horta presses Australia on stalled gas fields

Give our country $100bn – or stop lecturing us about making money from fossil fuels. That was the message East Timor President and Nobel Peace Prize winner José Ramos-Horta…Continue readingEast Timor’s Ramos-Horta presses Australia on stalled gas fields

Huge profits for fossil-fuel giants Woodside, Whitehaven and Santos

Woodside Energy, Australia’s largest energy producer, on Tuesday capped a string of bumper results by oil, gas and coal producers. The Perth-based company said its net profit after tax…Continue readingHuge profits for fossil-fuel giants Woodside, Whitehaven and Santos

China’s oil giants post record profits on surging fuel prices

PetroChina Co., Sinopec and Cnooc Ltd. each said they made historic amounts of money in the January-to-June period. PetroChina’s chairman said government stimulus packages are bolstering oil demand, while…Continue readingChina’s oil giants post record profits on surging fuel prices

Global fossil fuel subsidies almost doubled in 2021

Global public subsidies for fossil fuels almost doubled to $700 billion in 2021. Despite the huge profits of fossil fuel companies, the subsidies soared as governments sought to shield…Continue readingGlobal fossil fuel subsidies almost doubled in 2021

Woodside, Bechtel start construction at Pluto Train 2 project in Australia

Australian petroleum exploration and production company Woodside Energy and US-based engineering company Bechtel have started construction at the Pluto Train 2 project. Pluto Train 2 is the expansion of…Continue readingWoodside, Bechtel start construction at Pluto Train 2 project in Australia

Australia’s Santos takes Final Investment Decision on $2.6 billion oil project in Alaska

Australian oil and gas company Santos has decided to proceed with the $2.6 billion oil project in Alaska in a bid to further diversify its production portfolio. As the…Continue readingAustralia’s Santos takes Final Investment Decision on $2.6 billion oil project in Alaska

Santos profit rises three-fold

Australian oil and gas company Santos reported a half-year net profit after tax of $A1.66 billion ($US1.167 billion), up 230%. Its underlying profit was $A1.8 billion ($US1.267 billion), up…Continue readingSantos profit rises three-fold

Australian Federal Government to back new fossil fuel projects that ‘stack up’ economically and environmentally

The Albanese government will continue to support new fossil fuel projects so long as they “stack up” from an economic and environmental perspective, the federal resources minister says. Madeleine…Continue readingAustralian Federal Government to back new fossil fuel projects that ‘stack up’ economically and environmentally

US banks tout fossil fuel credentials

In recent years, Wall Street firms have tried to talk up their commitment to the environment and social justice. Now they are singing a different tune. Large US banks…Continue readingUS banks tout fossil fuel credentials

Heatwaves scorch Iraq as protracted political crisis grinds on

Temperatures have soared up to nearly 50˚C (122˚F) in Baghdad almost daily, and in the southern city of Basra, temperatures have come close to 53˚C (127˚F) – dangerously high…Continue readingHeatwaves scorch Iraq as protracted political crisis grinds on

Wintershall Dea begins production from Nova oil field, offshore Norway

Wintershall Dea and its partners Sval Energi and Pandion Energy Norge have started production from the Nova oil field (previously Skarfjell) located in the Norwegian North Sea. The development…Continue readingWintershall Dea begins production from Nova oil field, offshore Norway

ADNOC Drilling wins $2 billion worth of contracts for Ghasha mega-project

The Ghasha gas project is located on the north-western shore of Abu Dhabi, United Arab Emirates (UAE). Abu Dhabi National Oil Company (ADNOC) is developing the project. ADNOC expects…Continue readingADNOC Drilling wins $2 billion worth of contracts for Ghasha mega-project

Algeria, Nigeria, and Niger sign MoU for $13 billion Trans Saharan gas pipeline

The more than 4,000km (2,485 mile) long onshore gas pipeline is planned to start in Warri in Nigeria, travel through Niger, and end in Hassi R’Mel in Algeria, from…Continue readingAlgeria, Nigeria, and Niger sign MoU for $13 billion Trans Saharan gas pipeline

INPEX gas company and Northern Territory Government sign statement of commitment to a net zero emissions future

INPEX CORPORATION (INPEX) announced it has signed a statement of commitment to a net zero emissions future with the government of Australia’s Northern Territory, where the Ichthys liquid natural…Continue readingINPEX gas company and Northern Territory Government sign statement of commitment to a net zero emissions future

GAZ-SYSTEM connects Baltic Pipe to Polish and Danish transmission systems

GAZ-SYSTEM said that the Baltic Pipe project, a 900km long offshore and onshore natural gas pipeline has been connected to the Polish and Danish transmission systems. The pipeline project…Continue readingGAZ-SYSTEM connects Baltic Pipe to Polish and Danish transmission systems

Fifty-year extension for Australia’s biggest CO₂ emitter

Oil and gas giant Woodside Energy been given the green light to operate the North West Shelf gas processing facility on the Burrup peninsula, in the Pilbara, until 2070.…Continue readingFifty-year extension for Australia’s biggest CO₂ emitter

Mongolia says Russia-China gas pipeline will break ground in 2024

Mongolia expects Russia to begin construction of the “Power of Siberia 2” gas pipeline through its territory to China within two years, as Moscow moves to connect its Europe-supplying…Continue readingMongolia says Russia-China gas pipeline will break ground in 2024

Hungary declares ‘energy emergency’ over threat of fuel shortages

Hungary’s government has declared an “energy emergency” in response to supply disruptions and skyrocketing energy prices in Europe, an official said. There is “unlikely to be enough gas in…Continue readingHungary declares ‘energy emergency’ over threat of fuel shortages

New Fortress Energy to sell 11 LNG vessels to JV with Apollo for $2bn

New Fortress Energy (NFE) has signed a deal to sell 11 liquefied natural gas (LNG) infrastructure vessels to a joint venture (JV) it will form with Apollo for a…Continue readingNew Fortress Energy to sell 11 LNG vessels to JV with Apollo for $2bn

EU votes to class gas and nuclear as green

Under the plans, gas can be classed as a sustainable investment if “the same energy capacity cannot be generated with renewable sources” and plans are in place to switch…Continue readingEU votes to class gas and nuclear as green

Shell signs up to Qatar project as LNG demand booms

Shell has become the latest international partner in the expansion of the world’s largest liquefied natural gas (LNG) project in Qatar as global demand for the fuel soars. Europe’s…Continue readingShell signs up to Qatar project as LNG demand booms

Western Australia’s EPA urges 50-year extension of country’s most polluting gas project

The WA Environment Protection Authority (EPA) advised the state government it should give the greenlight to oil and gas giant Woodside Energy to run its North West Shelf gas…Continue readingWestern Australia’s EPA urges 50-year extension of country’s most polluting gas project

US gas exporters sign flurry of deals

US liquefied natural gas (LNG) producers have announced a string of deals to boost exports. Cheniere Energy, the biggest American exporter, said it had reached a final investment decision…Continue readingUS gas exporters sign flurry of deals

Dutch join Germany, Austria, in reverting to coal

The Netherlands said it would lift all restrictions on power stations fired by the fossil fuel, which were previously limited to just over a third of output. Berlin and…Continue readingDutch join Germany, Austria, in reverting to coal

Germany fires up coal plants to avert gas shortage as Russia cuts supply

Germany will significantly increase its use of coal to preserve energy supplies ahead of the winter, as Russian cuts to gas exports threaten shortfalls in Europe’s largest economy. Russia…Continue readingGermany fires up coal plants to avert gas shortage as Russia cuts supply

QatarEnergy signs deal with TotalEnergies for North Field East

QatarEnergy signed a partnership deal with TotalEnergies for the North Field East expansion of the world’s largest liquefied natural gas (LNG) project, and said more partners would be announced…Continue readingQatarEnergy signs deal with TotalEnergies for North Field East

Tanzania signs natural gas deal with Equinor and Shell

Tanzania has signed a framework agreement with Norway’s Equinor and Britain’s Shell that will bring them closer to starting construction on a $30 billion project to export liquefied natural…Continue readingTanzania signs natural gas deal with Equinor and Shell

Oil and gas back in vogue for retail investors

Oil and gas is back in fashion — at least on the stock market. Soaring fossil fuel prices, pushed higher by Russia’s invasion of Ukraine, have helped the shares…Continue readingOil and gas back in vogue for retail investors

Venture Global to build $13 billion LNG plant on US Gulf coast

Venture Global LNG has said it will build one of the US’s largest new liquefied natural gas export plants on the Louisiana coast, the first such project to be…Continue readingVenture Global to build $13 billion LNG plant on US Gulf coast

Russia to cut gas supplies to Finland on Saturday: Gasum

The Finnish company said the move by Russia would not cause disruptions in supplies. “It is highly regrettable that natural gas supplies under our supply contract will now be…Continue readingRussia to cut gas supplies to Finland on Saturday: Gasum

Germany, Qatar sign energy partnership agreement

Qatar and Germany have signed a declaration to deepen their energy partnership, with a focus on trade in hydrogen and liquefied natural gas (LNG), as Europe’s biggest economy looks…Continue readingGermany, Qatar sign energy partnership agreement

Australia’s oil and gas regulator criticised after chief hands out environmental ‘excellence’ awards at industry dinner

The outgoing head of Australia’s offshore oil and gas regulator has helped hand out awards to fossil fuel companies, including Santos, Inpex and Beach Energy, prompting criticism the body…Continue readingAustralia’s oil and gas regulator criticised after chief hands out environmental ‘excellence’ awards at industry dinner

US shale companies enjoy ‘tsunami of cash’ on high oil prices

America’s shale oil companies are enjoying a cash bonanza, as soaring oil prices and months of capital restraint transform the fortunes and balance sheets of a sector once notorious…Continue readingUS shale companies enjoy ‘tsunami of cash’ on high oil prices

Saudi Aramco closed a deal to sell a stake in its natural-gas pipelines for $15.5 billion

An investor group, led by BlackRock, acquired a 49% stake in Aramco Gas Pipelines Co. in a lease and leaseback deal in December, according to a statement. The consortium…Continue readingSaudi Aramco closed a deal to sell a stake in its natural-gas pipelines for $15.5 billion

The great climate backslide: How governments are regressing worldwide

From the U.S. to China, in Europe, India and Japan, fossil fuels are staging a comeback, clean energy stocks are taking a hammering, and the prospects for speeding the…Continue readingThe great climate backslide: How governments are regressing worldwide

Europe’s biggest banks provide £24 billion to oil and gas firms despite net zero pledges

25 European banks have provided $US33 billion (£24 billion) in loans and other financing to 50 companies with large oil and gas expansion plans, less than a year since…Continue readingEurope’s biggest banks provide £24 billion to oil and gas firms despite net zero pledges

EU includes gas and nuclear in guidebook for ‘green’ investments

The European Commission has been accused of undermining its climate goals after it defied critics by pushing ahead with plans to include gas and nuclear in an EU guidebook…Continue readingEU includes gas and nuclear in guidebook for ‘green’ investments

Norway to keep searching for oil and gas

A minority coalition of the Labour Party and the rural Centre Party will take power after defeating the Conservative-led government in last month’s election. “The Norwegian petroleum industry will…Continue readingNorway to keep searching for oil and gas

Russia’s New Nord Stream 2 Gas Pipeline

Nord Stream 2 gas pipeline, shown as the dashed line in the image below, was connected on September 10, 2021. The 1,230km (764 mile) long pipeline will double the…Continue readingRussia’s New Nord Stream 2 Gas Pipeline

Global electric power demand returns to pre-pandemic levels

Carbon dioxide emissions from the global electric power sector rebounded in the first half of 2021 to above pre-pandemic levels, according to an analysis, signalling that the world has…Continue readingGlobal electric power demand returns to pre-pandemic levels

Norway plans to continue oil exploration and drilling in coming decades

“We will supply energy to the world as long as the demand exists.”Continue readingNorway plans to continue oil exploration and drilling in coming decades