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How many days of gas consumption are in Europe’s storage tanks?
If the Russians turned off gas supplies to Europe today, how many days of gas are currently in the storage tanks?
Uzbekistan creating gas processing industry to feed soaring domestic demand
Rather than exporting natural gas as a raw material, Uzbekistan is investing into deep processing capacity to enable domestic production of fuels, plastics and other products.
Russia sanctions complicate Uzbek energy sector overhaul
Western sanctions imposed on Russia after the invasion of Ukraine are holding up investments in energy projects in double-landlocked Uzbekistan.
The European Union needs to cut demand by 15% to cope with Russian gas cuts
Without Russian gas, the European Union would have to reduce demand by approximately 15%, with big differences between different parts of Europe.
The need for nuclear in the energy transition
Nuclear is set to make a "comeback," with capacity forecast to double between 2020 and 2050 from 413 GW to 812 GW, the IEA said.
US seeks Asian support for Russian oil price cap
Freehold arranges to buy assets in Eagle Ford, Midland basins
Calgary-based Freehold Royalties revealed on July 7 that it had arranged to buy a number of “high-quality” assets in the Eagle Ford and Midland basins in Texas for the sum of CAD155mn ($119.93mn).
Australia mulls extending gas security mechanism
Ovintiv arranges to sell portions of its Bakken and Uinta portfolios
Denver-based Ovintiv has arranged to sell portions of its assets in the Bakken and Uinta basins to two counterparties for about $250mn.
Texas oil and gas production tax revenues hit record highs in June
The state government of Texas saw oil and gas production tax revenues rise to record-high levels in the month of June, according to Comptroller of Public Accounts Glenn Hegar.
US government releases 2023-2028 offshore drilling plan
The US Department of the Interior released its new five-year offshore drilling plan on July 1, saying it would carry out no more than 11 new potential Atlantic and Pacific lease sales during the 2023-2028 period.
Olmeca makes its debut
Pemex marks the official launch of Olmeca, Mexico’s newest and largest refinery, which is still running far behind schedule and far over budget.
Freeport LNG targets restart in early October
Freeport LNG has said it is on track to resume partial operations early in the fourth quarter of this year.
TGN confirms reports of methane venting from pipelines in May and June
Transportadora de Gas del Norte (TGN), a natural gas transportation and distribution company in northern Argentina, deliberately released about 1mn cubic metres of methane into the atmosphere in May and June.
Petroecuador reportedly lifts force majeure on Oriente crude oil
Ecuador’s national oil company Petroecuador has reportedly lifted its declaration of force majeure on exports of Oriente crude, its main export grade, as of earlier this week.
ExxonMobil rep says Gas-to-Energy project will help Guyana keep emissions down
The head of a unit of US-based ExxonMobil has said that the Gas-to-Energy (GTE) project now underway in Guyana will play a major role in reducing the South American state’s greenhouse (GHG) gas emissions.
Economists: Higher oil production set to drive Venezuela’s GDP upward by 8.3% this year
Venezuela’s GDP is expected to achieve its fastest rate of growth in the last 15 years in 2022, largely as a result of rising crude oil production, economists told Bloomberg last week.
ANP data show gas flaring up in May
Brazil’s natural and associated gas flaring rose in May of this year, both in comparison to the previous month and in comparison to May 2021.
Bangladesh PM calls for power rationing
Bangladesh Prime Minister Sheikh Hasina has called for austerity in electricity consumption and suggested scaling down power production amid rising fuel prices triggered by the ongoing war in Ukraine.
Kazakh president orders diversification of oil supply routes after Russia’s CPC suspension order
A Russian court ordered the Caspian Pipeline Consortium to suspend activity for 30 days after the Kazakh president pledged to help Europe restore its energy supplies.
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