Tag Archives: Energy Intelligence

The Shell-led Basrah Gas Co. (BGC) will start up a long-delayed project in Iraq next week that should slash the high volumes of associated gas flared at the country’s giant southern oil fields and move it a step closer to ending costly gas imports from Iran. The $3 billion project …

G7 leaders have agreed that public investment in natural gas can be appropriate as a “temporary response” to the energy crisis caused by Russia’s war in Ukraine and that LNG in particular has an “important role” to play. At their summit meeting in the Japanese city of Hiroshima, they stressed …

PetroChina has become the only one of China’s three national oil companies to report a year-on-year increase in first-quarter net profit thanks to strong upstream production and rising sales of refined products.

President Vladimir Putin has backtracked on an earlier move that banned Russian companies from exporting crude oil in compliance with the G7 price cap of $60 per barrel. In a decree issued at the end of December, Putin prohibited Russian producers from exporting crude oil and refined products on terms …

Deputy Prime Minister Alexander Novak has said that Russia is willing to cut its crude oil production, if necessary, as part of its response to the G7 price cap of $60 per barrel on the country’s crude exports. Novak told the Rossiya 24 television channel that output could fall by …

Royal Dutch Shell has won the second international equity stake for North Field South (NFS), Phase 2 of Qatar’s 48 million ton per year LNG mega-expansion, Shell and QatarEnergy announced on Sunday. The company was awarded a 9.375% participating interest in the two-train 16 million ton/yr NFS project out of …

Royal Dutch Shell has won the second international equity stake for North Field South (NFS), Phase 2 of Qatar’s 48 million ton per year LNG mega-expansion, Shell and QatarEnergy announced on Sunday. The company was awarded a 9.375% participating interest in the two-train 16 million ton/yr NFS project out of …

Russia still can reach its ambitious LNG expansion target despite the shift of focus to domestic technology, Novatek CEO Leonid Mikhelson said Friday. The importance of LNG expansion intensifies with Russian piped gas exports to the EU facing a sharp reduction in the long term, Mikhelson told a briefing on …

China landed record-high volumes of Saudi crude in April as the world’s biggest oil importer increased its dependence on the Middle East, even though its overall crude imports have plunged this year. The spike in Saudi imports was probably attributable in part to official Saudi selling prices that were well …

Asian governments are taking measures to soften the impact of escalating oil and LNG prices on their economies and help consumers with subsidies and tax cuts. However, such measures probably won’t be sufficient to offset the sharp increase in energy prices, which is adding to inflationary pressures. Brent crude oil …