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Qatar Petroleum, along with several leading international LNG players, signed a multi-party agreement with LNT Marine, the American Bureau of Shipping (ABS), and Shanghai Waigaoqiao Shipbuilding (SWS) to collaborate on the development of new medium and large liquefied natural gas (LNG) carrier designs. The agreement paves the way for the …

Wind power production increased sharply in 2020 due to more wind than usual and more completed wind farms. In total, Norway produced 9.9 terawatt-hours (TWh) in 2020. That is 4.4 terawatt-hours more than in 2019, according to figures from the Norwegian Water Resources and Energy Directorate. A total of 15 …

U.S. crude oil production is expected to fall by 160,000 barrels per day (bpd) in 2021 to 11.15 million bpd, the U.S. Energy Information Administration (EIA) said on Tuesday, a smaller decline than its previous monthly forecast for a 290,000-bpd drop. The agency said it expects U.S. petroleum and other …

Industrial gases firm Linde will supply liquid green hydrogen and related infrastructure to the world’s first hydrogen-powered ferry, a vessel by operator Norled that will transport both cars and passengers in Norway. The liquid hydrogen for the MF Hydra ferry will come from a new 24MW proton exchange membrane (PEM) …

These are unprecedented times for the oil and natural gas industry as it navigates pandemic-driven demand destruction, investor calls to adapt to a carbon-constrained world, and new regulatory threats from the Biden administration. The dreadful outlook for oil and gas producers is why more consolidations are likely in the months …

India has asked state refiners to speed up the diversification of oil imports to gradually cut their dependence on the Middle East after OPEC+ decided last week to largely continue production cuts in April, two sources said. India, the world’s third biggest oil importer and consumer, imports about 84% of …

The U.S. Department of Energy has awarded contracts for the sale of 10.1 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) as part of a recent Congressionally-directed SPR crude oil sale. The Department of Energy’s Office of Fossil Energy issued in early February 2021 a notice of …

The world’s top liquefied natural gas (LNG) exporter, Qatar, has long occupied a political position in the Middle East that has neither been decisively aligned with the U.S.-Israel-Saudi axis of power nor with the Iran-China-Russia one. More recently, though, there appears to have been a move further away from the …

Fifteen Japanese companies across different sectors have launched a group called the Carbon Neutral LNG Buyers Alliance to promote the use of the fuel, power utility and LNG importer Tokyo Gas said in a statement March 9. The group comprises several downstream industries that consume natural gas, and is the …

Oil prices rose on Tuesday on expectations of a recovery in the global economy after U.S. Senate approval of a $1.9 trillion stimulus bill and on a likely drawdown in crude oil inventory in the United States, Reuters reported. But a stronger dollar and receding fears of oil supply disruption …