This week Uniper brought Germany’s first full cargo of liquefied natural gas (LNG) to a new LNG terminal, operated by Uniper, in Wilhelmshaven, the latest chapter in Europe’s great shift away from Russian energy sources. The LNG ship Maria Energy, owned by Tsakos Energy Navigation, was loaded with 170,000 cu …
Read More »Qatar, US Top Global LNG Exports in 2022
Qatar and the United States have topped global exports of LNG in 2022 in light of the energy crisis amid the ongoing war in Ukraine, Bloomberg revealed on Tuesday based on ship-tracking data. The report found that Doha and Washington exported 81.2 million tonnes of LNG, a figure that represented …
Read More »China-Russia East-Route Natural Gas Pipeline Increases Daily Gas Delivery to over 60 Million Cubic Meters after Three-Year Operation
The China-Russia east-route natural gas pipeline has raised its daily gas transmission capacity to 61 million cubic meters since its operation three years ago, and the annual gas transmission volume is expected to exceed 22 billion cubic meters in 2023, China Media Group (CMG) reported on Monday. In 2022, the …
Read More »Renewable Energy Jobs on the Rise
In 2021, global renewable energy jobs reached 12.7 million in a trend that’s set to continue. Despite fears of a severe decrease in fossil fuel jobs worldwide, as we transition to renewable energy, the good news is that opportunities in green energy increasing rapidly. The number of jobs in renewable …
Read More »China’s Largest Oil-and-Gas Field Sets New Output Record
Changqing oilfield, China’s largest oil-and-gas field, produced over 65 million tons of oil equivalent (TOE) of crude oil and natural gas in 2022, setting a new record for output in China’s domestic oil and gas fields, the company said. Changqing oilfield built an oil and gas production capacity of over …
Read More »Exxon and Chevron Set for Record $100 Billion in Profits in 2022
The surge in oil and gas prices will translate into record-high 2022 earnings for the two U.S. supermajors, Exxon and Chevron, with their combined yearly profits hitting nearly $100 billion, analysts say. The two oil and gas giants benefited from the soaring price of oil and gas following the Russian …
Read More »Coal Demand to Remain Robust in 2023
Despite bold climate pledges from a plethora of major world powers, it seems that many are unable to break their addiction to coal, as consumption is set to hit an all-time high (once again). Several countries have launched climate strategies that include the phasing out of coal production and use …
Read More »China’s Gas Deal with Qatar Gives it Unprecedented Control over Energy
As Europe is struggling to reduce its dependence on Russian gas, seeking to secure gas from the Middle East, China beat Europe to the punch and at the end of last November sealed the largest ever liquefied natural gas (LNG) deals with Qatar at the staggering amount of US$ 60 …
Read More »European Gas Falls to Lowest Level since before War in Ukraine
European natural gas prices started the new year declining as mild weather curbed demand. Benchmark futures dropped as much as 7.9% to the lowest level since February 21, extending three weeks of net declines. Weather forecasts point to temperatures above seasonal norms for most of the region in the next …
Read More »BP Buys US Biogas Company in a Push to Reduce Carbon Intensity
UK-headquartered energy giant BP has completed the acquisition of Archaea Energy, a Texas-based renewable natural gas (RNG) company. Archaea Energy operates 50 RNG and landfill gas-to-energy facilities across the U.S., producing around 6,000 barrels of oil equivalent a day (boe/d) of RNG. Its production would be expected to provide an …
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