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The global natural gas market is tightening with demand recovering this year as many countries led by China are seeing their economic life rebound following the pandemic. The global liquefied natural gas (LNG) demand growth this year has been driven primarily by China, Francisco Blanch, commodity and derivatives strategist at …

Russia is on course to smash its current monthly oil and condensate production record of 11.5M barrels per day (b/d), set in December 2018. The underlying factors are the OPEC+ coalition’s recent agreement to steadily raise oil production and new sources of Russian crude oil, reported oil analyst and consultancy …

The UK Department of Business, Energy & Industrial Strategy (BEIS) launched August 17 the national hydrogen strategy. The UK is hosting the COP26 climate conference in Glasgow in November and the government is keen to show what it is doing to reach its net zero carbon goal. BEIS said the …

OPEC and its allies, including Russia, believe oil markets do not need more oil than they plan to release in the coming months despite US pressure to add more crude to arrest an oil price rise, four sources told Reuters. “I don’t think there is a need (for extra oil …

Russian oil company Lukoil on Monday announced that it has started drilling the first exploration well at Block 12, in Mexico, at a depth of 207 meters. ‘After drilling, the geological and geophysical data will be analyzed to make a decision on further exploration at Block 12,’ the company stated …

It was little surprise that Saudi Arabia and the UAE eventually reached a compromise on OPEC production and baselines, despite the high drama at the latest OPEC ministerial. What was surprising, though, was the public nature of the disagreement and the willingness of UAE officials to joust so vigorously with …

ExxonMobil and Qatar Petroleum plan on drilling for gas in an offshore block towards the end of the year, Energy Minister Natasa Pilidou has said. In an interview with daily Politis, the minister said the two companies planned on drilling an appraisal well in block 10 where natural gas was …

Qatar is forecast to post a “strong growth rebound” with LNG demand in South and East Asia underpinning medium-term prospects, World Bank said in its Gulf Economic Update (GEU). Qatar’s economy is projected to grow by 3% in 2021 before accelerating to 4.1% in 2022 and 4.5% in 2023, World …

Australia exported a record 30.7 million tonnes of LNG to China, worth an estimated A$15.6 billion, EnergyQuest said in its latest report released today. Deliveries from Australia were up 7.3% from the previous record of 28.6 million tonnes posted in the full year ending June 2020, according to import statistics. …

As low-carbon hydrogen fuel generation becomes increasingly important to the global efforts to decarbonize, a new method of production using aluminum and water has been developed. The new hydrogen fuel generation using aluminum and water could be quite promising. The reason is that aluminum will react with water at room …