The Federation Council, the upper chamber of the Russian parliament, has voted in favor of legislation to revoke Moscow’s ratification of the Comprehensive Nuclear-Test-Ban Treaty (CTBT). The Federation Council approved the move by 156 votes to zero on October 25, the final stage before it goes to President Vladimir Putin …
Read More »Shell to Cut 15% of Its Low-Carbon Jobs
Shell plans to cut 15% of the 1,300 jobs in its Low Carbon Solutions business as it scales back some green energy ambitions and focuses on profitable projects including in the oil and gas sector. The UK-based supermajor plans to eliminate 200 jobs in its Low Carbon Solutions division next …
Read More »Oil Drops on Higher U.S. Stockpiles and ME Tension
Oil prices fell on Thursday after a rise in U.S. crude stockpiles and a climb in the dollar index, giving up some ground gained a day earlier when prices jumped on Middle East tensions. Brent crude futures declined by 28 cents or 0.3% to $89.95 a barrel at 0340 GMT, …
Read More »Environmentalists Slam EU Hydrogen Pipeline Plan as Favoring Fossil Fuel Giants
The European Union’s plans to include natural gas pipeline projects that could be converted to carry hydrogen in the EU’s multi-billion-euro program for subsidies to crucial infrastructure projects is support for major fossil gas producers, environmental organizations say. The EU is set to debate and decide in the coming weeks …
Read More »Turkmenistan Hosts International Oil and Gas Conference
The 28th international conference and exhibition ‘Oil and Gas of Turkmenistan – 2023’ (OGT-2023) will start on October 25 this year in the building of the Chamber of Commerce and Industry of Turkmenistan, Trend reports. The organizers of the large-scale forum are the Turkmennebit and Turkmengaz state concerns and the …
Read More »Qatar Doubles Down on Europe Gas Market with Eni Deal
QatarEnergy signed a 27-year deal with Eni SPA to supply up to one million tons per annum (MMtpa) of Qatari liquefied natural gas (LNG) to Italy. The signing in Doha follows separate LNG contracts scored by state-owned QatarEnergy from two other European energy heavyweights in France’s TotalEnergies SE and Britain’s …
Read More »IAEA: Nuclear Energy Vital for Global Green Goals
The Singapore International Energy Week (SIEW) kicks off today. Attendees include top officials, policymakers, and experts across the energy sector. The aim of SIEW is to promote reliable and sustainable energy production while promoting competition in markets. Bloomberg reporter Stephen Stapczynski is at SIEW in Singapore. He posted a video …
Read More »Saudi Aramco and Neom’s Enowa Sign E-Fuel Deal
Saudi Aramco and Enowa, Neom’s energy and water subsidiary, have signed a joint development agreement to construct and establish a synthetic electro-fuel (e-fuel) demonstration plant. The plant will be located in Enowa’s Hydrogen Innovation and Development Centre (HIDC). The plant aims to demonstrate the technical feasibility and commercial viability of …
Read More »Oil Prices Dip amid Flurry of Weak European Economic Data
Oil prices dipped on Tuesday following the previous session’s slump, while a flurry of economic data from Germany, the wider euro zone and Britain sketched a bearish picture that could weigh on oil demand. Moving between positive and negative territory in the session, Brent crude futures were down 47 cents, …
Read More »China Continues String of Discoveries with Giant New Gas Field
China’s state-run CNOOC oil and gas giant has announced the discovery of what Chinese media are referring to as a large, deep-reservoir coalbed methane field with proven geological reserves of over 100 billion cubic meters (bcm) of natural gas. A discovery of this magnitude represents CNOOC’s second major onshore gas …
Read More »