Gas

Natural Gas could be Angola’s next Big Money Maker

Angola is betting big on natural gas developments as a short-term increase in oil production is not expected to last despite the West African country leaving OPEC over capped production. Companies operating in Angola have recently started up two oil projects, but they have also begun to target non-associated offshore …

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New Shipbuilding Rules could Derail U.S. LNG Export Boom

The U.S. LNG export boom, strongly supported by the Trump Administration, could be undermined by separate trade rules proposed by the very same administration, which looks to revive America’s shipbuilding to counter China’s dominance. Under new mandates proposed by the U.S. Trade Representative (USTR), beginning in 2028, a total of …

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U.S. Welcomes ExxonMobil Deal to Boost Gas Exploration in Libya

The U.S. Embassy in Libya has welcomed the signing of a memorandum of understanding (MoU) between American energy giant ExxonMobil and Libya’s National Oil Corporation (NOC), aimed at advancing offshore natural gas exploration and production. In a statement, the embassy described the agreement as a development that would benefit both …

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Norway LNG Export Plant Back Online after 3-Month Maintenance

Hammerfest LNG, the liquefied natural gas export facility in Norway, is back online following more than three months of scheduled maintenance works. The return of LNG supply from Norway, which is also Europe’s top pipeline gas supplier having replaced Russia in 2022, contributed to the fall in Europe’s benchmark natural …

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U.S. LNG Stocks Surge on EU Energy Deal

Shares of U.S. LNG producers jumped in early trading Monday after the European Union agreed to dramatically increase its energy imports from the United States, pledging $250 billion in annual purchases under a new transatlantic trade framework. The move includes LNG, oil, and nuclear energy and was announced in Brussels …

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Ukraine Taps Azeri Gas in First Test Deal via Trans-Balkan Pipeline

In a pivotal shift for Eastern European energy flows, Ukraine’s state-owned Naftogaz has signed its first-ever gas supply agreement with Azerbaijan’s state-run SOCAR, leveraging the Trans-Balkan corridor to bypass Russian infrastructure for the trial delivery of Azerbaijani gas routed through Bulgaria and Romania directly into Ukraine. The shipment marks Ukraine’s …

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Global Gas Flaring Surges to 17-Year High

Despite big promises by oil majors to reduce gas flaring, the practice continues to be a major issue, contributing to high levels of greenhouse gas emissions. The International Energy Agency (IEA) and several state governments are aiming to achieve a global green transition, but decarbonising certain sectors, such as the …

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