Tag Archives: Energy Voice

With net zero commitments increasing pressure on the energy industry to move away from fossil fuels, there is a race to market for renewable energy projects. Whilst renewable energy may be part of the solution for global warming, these projects face their own problems. This can range from inflation and …

China’s economy could be poised for a stronger-than-anticipated rebound that’ll deliver a demand boost for oil and natural gas, according to the head of the International Energy Agency. There are some “first indications” from China that growth will accelerate faster than previous expectations and the nation is projected to deliver …

Last year was a bumper one for the global oil and gas exploration sector as it enjoyed its strongest 12 months in more than a decade. Analysis carried out by Wood Mackenzie shows the sector created at least $33 billion of value, and achieved full-cycle returns of 22%, at $60 …

Russia’s war in Ukraine will accelerate the shift away from oil and gas as countries around the world prioritize domestic renewable energy sources as a way to increase security of supply while also cutting carbon emissions. That’s the conclusion from the latest annual energy outlook from the economists at BP. …

Saudi Aramco has combined its main trading unit with that of US refiner Motiva Enterprises, as the oil giant consolidates its dealing operations before potentially listing them. Aramco has set up a new entity, Houston-based Aramco Trading Americas LLC, which will be the regional office for the Saudi company’s broader …

Adnoc has set out a plan to invest $15 billion into low carbon energy by 2030. The plan covers investments in clean power, carbon capture and storage (CCS), electrification of work and tackling gas flaring. Adnoc head Sultan Ahmed Al Jaber said the company would “fast-track significant investments into landmark …

China and India will significantly expand their LNG import infrastructure over the next five years with the pair, led by China, set to record the highest LNG regasification capacity additions in Asia. China is set to register the highest liquefied natural gas (LNG) regasification capacity additions in Asia between 2022 …

Chevron confirmed that its wholly owned subsidiary, Chevron New Ventures, has entered into a memorandum of understanding (MOU) with India’s Oil and Natural Gas Corporation (ONGC) to assess the exploration potential across a number of basins in India, the company told Energy Voice. “We look forward to working with ONGC,” …

Oil advanced at the start of the week as the Chinese city of Chengdu ended a two-week lockdown, boosting the outlook for demand. West Texas Intermediate rose to trade near $86 a barrel in Asian trading after posting a third weekly loss on Friday. Chengdu is the biggest city to …

China faces its biggest annual drop in oil demand in more than three decades as Covid-19 lockdowns and a property crisis weigh on growth in the world’s No. 2 consumer, the International Energy Agency said. Chinese oil demand will decline by 420,000 barrels a day, or 2.7%, this year in …