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India is set to launch its tenth bidding round for oil and gas blocks in August or September, the Directorate General of Hydrocarbons (DGH) has said. The latest round will include 25 blocks across 13 sedimentary basins, which are essential for exploration and production activities. The areas on offer range …

Japanese companies foreseeing a growing surplus in stocks of liquefied natural gas (LNG) as their demand for the fuel wanes in coming years, are scrambling to invest in regional markets to provide potential outlets to sell the gas. As more nuclear plants restart and renewable energy gains momentum, Japan’s LNG …

The International Energy Agency is looking to set up mechanisms to stabilize natural gas prices and facilitate the sale of excess supplies to countries in need as the protracted war in Ukraine continues to squeeze the global market. The LNG market is smaller than that for crude oil, with much …

China’s imports of natural gas, including via pipeline and LNG cargoes, increased by 14.3% in the first half of 2024 compared to the same period of last year. China imported 64.65 million tons of natural gas in the first six months of 2024, LNG Prime reported on Friday, citing data …

Oil prices have remained in a narrow $75 to $90 a barrel trading range since the end of 2022, as the OPEC+ group continues to keep supply off the market but often-resurfacing concerns about global oil demand have dampened bullish sentiment. After spiking to above $100 a barrel in the …

Over the last year, it has become clear that deep-sea mining for metals and minerals is likely to be approved in some regions of the world, as companies fight for the right to invest in innovative mining projects. There are huge critical mineral reserves worldwide under the seabed, which have …

The UK’s government must offer higher prices for offshore wind power generation or miss the capacity targets it has set itself, climate think tank Ember has warned. The UK incentivizes new wind and solar capacity by guaranteeing minimum long-term prices for the energy produced from such installations via contracts for …

Nuclear fusion research and development has gained momentum in recent years after several momentous breakthroughs and achievements. The global race to overcome the engineering challenges to achieving zero-emission power from a nuclear reaction without risking disaster and radiation has heated up. The U.S. and other Western nations have worked for …

Recent data from Kpler reveals a significant decline in crude oil exports from major OPEC+ producers in June, driven largely by weak demand in Asian markets and increased domestic consumption in the Middle East. This has resulted in Saudi Arabia’s exports plummeting to their lowest level in over a decade. …

British Oil & Gas giant BP Plc has predicted that global oil demand will peak next year while wind and solar capacity will continue to grow rapidly. In its latest edition of its annual Energy Outlook, BP has published a study of the evolution of the global energy system to …