Qatar plans to expand exports of liquefied natural gas amid rising demand and a pause on growth projects in the US, a key rival supplier. The nation, which vies with the US and Australia as the biggest shipper of the fuel, will develop a new 16 million tons a year …
Read More »At Saudi Aramco’s Jafurah Field, another 15 Trillion Standard Cubic Feet of Gas Reserves Proven
An additional 15 trillion standard cubic feet of gas have been proven at Saudi state oil company Aramco’s Jafurah field, Energy Minister Prince Abdulaziz bin Salman said on Sunday. Reserves at Jafurah have reached 229 trillion cubic feet of gas and 75 billion barrels of condensates, Prince Abdulaziz said in …
Read More »Iraq’s Oil Exports to the US Rose to 226,000 bpd
The US Energy Information Administration (EIA) announced, on Sunday, that Iraq’s oil exports to the United States rose last week to 226,000 bpd last week. The EIA mentioned that the average US imports of crude oil during the past week from nine major countries reached 5.642 million bpd, increasing by …
Read More »Shell Earned $2.4 Billion from LNG Trading in Q4
Shell earned $2.4 billion from LNG trading in the fourth quarter amid strong demand for the fuel ahead of the winter, with LNG trades contributing to almost a third of its Q4 adjusted earnings, Reuters reported on Friday, quoting sources close to the UK-based supermajor. The LNG trading profit for …
Read More »Iraq Reopens Refinery after a Decade-Long Shutdown
Iraq reopened on Friday its rehabilitated North Oil Refinery in Baiji, which had been inactive for more than 10 years and which brings OPEC’s second-largest crude producer closer to being self-sufficient in oil products, the Prime Minister Media Office said in a statement. The Baiji refinery was damaged by insurgent …
Read More »Hydrogen Power for AI: Honda Expands Fuel Cell Drive to U.S. Data Centers
Honda Motor aims to supply fuel cells to big tech companies in North America as clean emergency power for data centers, in a bid to harness the growth driven by artificial intelligence to bring down costs for hydrogen-powered vehicles. A trial of the backup system is underway at a Honda …
Read More »Red Sea Chaos to have Limited Effect on LNG Prices
Europe and Asia are set to finish the winter without significant disruptions to liquefied natural gas (LNG) supply and without price spikes, despite the ongoing chaos in global commodity shipping due to the Houthi attacks on commercial vessels in the Red Sea. Weaker demand than historical averages and higher gas …
Read More »China LNG Buyers Turn to Spot Market with Prices at Three-Year Low
Chinese liquefied natural gas importers are hunting for cheap shipments from the spot market after prices fell to the lowest level since 2021. LNG buyers, including Shenzhen Energy Group and China Gas Holdings Ltd., are in talks with potential suppliers for additional cargoes for the next several months, according to …
Read More »Kazakhstan’s Astana to Host Discussion on Central Asia, Caspian Regions’ Hydro-Economy Prospects
Prospects of ‘green’ hydrogen production in the countries of Central Asia and the Caspian region will be discussed in Kazakhstan’s Astana on September 17, Trend reports via Globuc International Company. “This is a unique business event dedicated to considering the prospects of ‘hydrogen economy’ in the region. It will be …
Read More »China at Risk of Missing 2025 Climate Targets, Needs Steep CO2 Cuts
China is at risk of missing key climate targets for 2025 and needs to cut fossil fuel use and maintain record renewable energy investment to get back on track, a study published on Feb 22 shows. The country is the world’s top greenhouse gas polluter. Beijing has relied heavily on …
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