The recent pause on new permits for LNG export projects has divided America in the latest controversy surrounding the Biden Administration’s energy policies. Environmentalists hailed the decision as a win for the climate and a step toward weaning the world off fossil fuels. A group of U.S. industrial gas consumers …

Last week, Brent crude closed above $81 per barrel, close to $82. This was a solid increase from the start of the week when the international benchmark was trading at around $78 per barrel. Yet these prices are about the same as prices were when the Yemeni Houthis began attacking …

Russian gas giant Gazprom has been awarded the development contract for the supergiant Nasiriyah oil field in Iraq’s strategic southern eastern region close to the main export terminal of Al Fao in Basra. At around the same time, it was announced that China Petroleum Engineering and Construction Corp (CPECC) and …

Petronet LNG (PLL) and QatarEnergy (QE) recently announced the extension of their longstanding contract by 20 years at India Energy Week in Goa. According to Wood Mackenzie, the Sales and Purchase Agreement (SPA) extension between QE and PLL covers a total volume of 150 t over 20 years, making it …

Europe’s oil refineries are stepping up crude purchases following a surge in the price of diesel and disruptions to imported shipments from the Middle East. The situation is driving up the cost of physical barrels of oil. Two key West African grades, Forcados and Egina, were recently offered at premiums …

The last thing Senegal needed in its long-drawn-out effort to capitalize on large oil and gas finds off its coast was political turmoil. Africa’s newest natural gas superstar had bubbled with optimism when BP Plc, Woodside Energy Group Ltd. and Kosmos Energy Ltd. agreed to develop the fields off the …

Total gold demand hit an all-time high in 2023, according to a recent report released by the World Gold Council. Last week, the World Gold Council (WGC) released its Gold Demand Trends report, which tracks developments in the demand for and use of gold around the world. Excluding over-the-counter (OTC) …

The International Monetary Fund said on Sunday Middle East economies were lagging below growth projections due to oil production cuts and the Israel-Gaza conflict, even as the global economic outlook remained resilient. Despite uncertainties, “the global economy has been surprisingly resilient,” IMF managing director Kristalina Georgieva told the Arab Fiscal …

Eni has started building a new high-performance computing (HPC) system, HPC6, aimed at appreciably boosting the computational power of HPC4 and HPC5 to over 600 PFlop/s, or 600 quadrillion mathematical operations per second. Their current power is 70 PFlop/s. Eni’s new HPC system, characterised by extraordinary computing power, thus marks …

Brazil’s natural gas imports fell to a 20-year low last year, according to data from the National Agency for Petroleum, Natural Gas and Biofuels (ANP). Brazil’s nat gas imports fell to 6.5 billion cubic meters, or 228 billion cubic feet, according to ANP, as the country boosts its hydroelectric capabilities …