Australia’s Santos announced last week it had joined two climate change initiatives aimed at curbing methane emissions and eliminating routine flaring.
Malaysia has signed production-sharing contracts for two discovered resource opportunities off its coast.
While the majority of US LNG currently goes to gas-starved Europe – 67% last year versus only 26% to Asia – the pause has no bearing on existing supply but on export projects due to enter service in the late 2020s.
In a surprise move, ExxonMobil and China National Offshore Oil Corp. are asserting that they have the right to pre-empt Chevron’s purchase of Hess’ stake in the prolific deep-water offshore Stabroek field off Guyana.
The expansion of the Trans Mountain pipeline will cost around $2.3bn more than the owner had previously reported in May.
The US benchmark Henry Hub daily natural gas price averaged $1.50 per mmBtu on February 20.
The US Securities and Exchange Commission will vote on March 6 on adopting a proposed new climate rule on whether companies must disclose climate risks for the first time.
Nigeria’s Federal Government has made a payment exceeding $120mn to gas suppliers, in a significant step towards stimulating gas production in Nigeria.
Renewable power is a key pillar to decarbonising the world economy. We expect decent renewable power capacity growth in Europe and the US in 2024 and beyond. However, it's not happening fast enough/
Iran said talks were underway with key regional producers to set up a “gas hub” on the country’s Persian Gulf coast amid ongoing negotiations between Tehran and Moscow to work out a deal on oil and gas swap.
Pakistan said the US sanctions might not apply a pipeline set to be laid to import Iranian natural gas, days after Islamabad gave the go-ahead to launch the long-delayed project.
Ukraine is set to bolster its electricity exports to the EU following a decision by Europe's network of electricity operators to increase the country's maximum permissible capacity for electricity export by 150 MW, bringing the total to 550 MW.
Malaysia is set to establish a production hub, named the Sarawak H2 Hub, located in Sarawak state.
In 2023, Estonia’s state-controlled Eesti Energia posted a net profit from current operations of €253mn.
Venezuela's state-owned oil company, PDVSA, has announced the restart of a unit dedicated to producing MTBE at its Jose complex in Anzoategui state after a hiatus of five years.