Japan is considering shipping captured carbon dioxide to Malaysia for underground storage as part of a decarbonization project in Asia, the industry minister revealed Monday. The project, which will be Japan’s first shipment of captured CO2 and its storage overseas, is set to start in 2028. Japan and several Southeast …

The first phase of the development project of the Tous Gas field in northeastern Iran was started in an official ceremony on Sunday, Shana reported. Located in Khorasan Razavi Province, Tous Gas field is going to produce three million cubic meters of gas on a daily basis in the first …

Since the inception of Bitcoin to the financial landscape and its underlying Blockchain technology, there has been a lot of controversy surrounding the industry. Voices from environmental activists raising their concerns over the effects of the new assets on the environment have often controlled the narrative around the subject. However, …

A German company that was previously nationalized due to its ties to Russia has resumed trading liquefied natural gas (LNG) with Russia. According to Ukrinform, Bloomberg reported this. “The German government is facing criticism over its energy ties as a taxpayer-backed company re-enters the liquefied natural gas trade with Russia,” …

Russia has made a downward revision to its forecast for natural gas exports for 2024-2026, data from Russia’s economy ministry showed on Friday. According to the Economy Ministry, Russia is now forecasting that its natural gas exports to countries outside the ex-Soviet Union will be $434.6 per 1,000 cubic meters …

BP and Shell, among others have scaled back promises to cut back oil and gas production and have signalled they would be there to provide the world with fossil fuel energy as long as it needs it. This is despite all European majors continuing to target net-zero emissions by 2050. …

After uncertainty earlier in the year, as Egypt came to rely heavily on Israel for its gas imports, the North African state finally seems to be getting its oil and gas industry back on track. A planned expansion of its Zohr gas field and new exploration projects are expected to …

This week, Goldman Sachs raised its oil price target to $100 again. The bank cited lower OPEC output combined with higher demand, which taken together, “more than offset significantly higher U.S. supply.” The average gas price in the U.S. on September 20 was $3.875, slightly lower than a day earlier …

China has been stepping up its natural gas purchases as well as facilitating construction in recent years, as part of efforts to ensure sufficient energy supply amid its green transition, said industry experts. The country is looking to sign more deals to avoid future shortages and reduce dependence on spot …

The total number of active drilling rigs in the United States fell by 11 this week, after seeing a brief 9-rig rise last week, according to new data from Baker Hughes published Friday. It is the fewest number of active drilling rigs since February 4, 2022. The total rig count …