Top News

Bulgaria on Tuesday signed a long-term deal to access Turkey’s liquefied natural gas (LNG) terminals, a move that could help diversify the region’s gas supply away from Russia and advance Turkey’s aim to be a regional energy hub. The agreement between Bulgaria state-owned gas operator Bulgargaz and Turkish state gas …

Oil edged lower on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy. Brent futures for March delivery fell 13 cents to US$81.97 a barrel, a 0.1 per cent loss, by 1.15pm Singapore time. US crude dropped …

The International Monetary Fund (IMF) has said Nigeria and other oil exporting countries in the Sub-Saharan African countries spend more when oil prices are high, hence find it difficult to save against oil price shocks. The Fund, therefore, advised the concerned countries to target buffers of around five to 10 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …