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

World’s first 100,000 ton deep-sea semi-submersible oil platform ready for production.

Continue readingWorld’s first 100,000 ton deep-sea semi-submersible oil platform ready for production.