Tag Archives: Energy Voice

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 …

Earlier this month, energy leaders from across the world descended on Stavanger, Norway, for the annual Offshore Northern Seas (ONS) conference. The focus of this year’s event was clear: how we can accelerate Europe’s transition to a low-carbon future while at the same time ensuring a reliable and affordable energy …

Gazprom PJSC said it will shift its contract to supply gas to China to rubles and yuan from euros, as the Kremlin steps up efforts to move trade out of currencies it considers “unfriendly” amid US and European sanctions. The state-run gas giant signed an additional agreement to its existing …

Europe faces the risk of blackouts, rationing and a severe recession if Russia further slashes gas deliveries, and the next reality check is at hand. A three-day halt of the Nord Stream pipeline — a key source of natural gas for the European Union — starts on Wednesday, and concerns …

South Korea is looking to buy more liquefied natural gas to replenish stockpiles before winter. The world’s third-biggest importer of the chilled fuel is seeking additional cargoes to meet forecasts for increased domestic demand and is targeting to lift inventories to about 90% full by November, from about 34% currently, …

Australia should tighten measures to curb natural gas exports from one of the world’s biggest suppliers to avoid a domestic fuel crunch, according to the nation’s competition watchdog. Gas that hasn’t been sold under long-term contracts should be made available domestically before it is exported, because of a significant risk …

China’s LNG imports are set to fall over 14% year-on-year to 69 million tonnes (Mt) in 2022, the largest decline since it started importing LNG, reported Wood Mackenzie. After solid growth in 2021, China’s gas and liquefied natural gas (LNG) demand is expected to slow down in 2022. China’s gas …

State-owned China National Petroleum Corp. and Sinopec are expected to invest in Qatar’s $29 billion North Field East project, said a person familiar with the situation, who asked not to be identified discussing a private matter. The companies are looking to procure LNG under long-term contracts, two other people familiar …