QatarEnergy struck a deal with Shell to buy a 27% interest in the North Cleopatra offshore oil and gas block in Egypt, with Shell retaining 36% in the block. The deal is pending the approval of the Egyptian government. The Qatari state energy major has been expanding in Egypt alongside …

Just a few years ago, Carbon Capture and Storage (CCS) was expected to be the saviour of the oil and gas industry, as major fossil fuel firms invested heavily in CCS activities aimed at decarbonising operations. Governments worldwide have encouraged companies to invest in CCS in recent years, funding green …

Farmers in Pakistan are replacing diesel-fueled pumps with solar energy to power the typical irrigation technique in a large part of the world’s fifth most populous country. Many farmers rely on the so-called tube wells—a water well and a motorized pump to take water from groundwater. Amid soaring diesel prices …

Copper futures on the London Metal Exchange rose above $10,500 a ton – the highest since May 2024 – driven by a mix of investing themes, macro tailwinds, and worsening supply outlook. Freeport-McMoRan’s (FCX) recent force majeure declaration at Indonesia’s giant Grasberg mine, the world’s second-largest copper source, adds to …

India’s biggest state-owned oil companies seek long-term supply of liquefied petroleum gas (LPG) from the United States for the first time, according to tender documents Bloomberg has reviewed. Indian Oil Corporation, Bharat Petroleum Corporation Limited (BPRL), and Hindustan Petroleum Corporation Limited (HPCL) are seeking long-term deals with the U.S. for …

China’s network of subsea pipelines has reached a total length of 10,000 kilometers, CNOOC reported this week. The news was hailed by media as a milestone in offshore oil and gas development in the world’s largest importer of energy commodities as it seeks to change that status. China has been …

Shell is preparing to start production of liquefied natural gas from the second train at its installation in British Columbia, set to boost the total output from the facility by 6.5 million tons. The news comes as unnamed sources told Reuters this week that Shell and its partners at LNG …

Nigeria is pumping more crude and drilling harder than it has in years, thanks to reforms under President Bola Tinubu that are finally coaxing cash back into the upstream. Daily output has climbed to between 1.7 and 1.83 million barrels, while active rigs surged from 31 in January to 50 …

India likely exported the highest-ever monthly volume of diesel to Europe in September, as higher premiums and curbed capacity due to maintenance in Europe incentivized Indian refiners to ship more fuel to the west, Reuters reported on Thursday, citing vessel-tracking data and trade sources. India is estimated to have exported …

Global LNG demand growth will be supported not only by higher power and gas consumption but also by surging demand from the shipping industry, where liquefied natural gas is poised to become key to replacing the dirtier fuel oil and other oil-based marine fuels. Demand for LNG bunkering is expected …