Norway produced 2.1 million barrels of petroleum, natural gas liquids (NGLs) and condensate per day last month, up from the prior month and the corresponding period a year ago, the Norwegian Offshore Directorate has reported. The figure exceeded the forecast by 2.4 percent, the report showed. Daily oil output averaged …
Read More »EU Gas Storage Nearly 60 Percent Full at End of Heating Season
Natural gas storage facilities in the European Union region were stocked to over 58 percent of capacity as of March 31, when the winter heating season ended, EU Energy Commissioner Kadri Simson has said. “This is the highest level on record at this time of year”, Kadri said in a …
Read More »Egypt to Import more LNG over next Four Months to Ensure Summer Supply
Egypt aims to buy more liquefied natural gas shipments over the next four months as the nation aims to avoid a repeat of last year’s chronic blackouts. Egyptian Natural Gas Holding Co. is currently aiming to import at least one shipment a month through July or August, according to people …
Read More »TotalEnergies Restarts Production in Denmark’s Biggest Gas Field
The Tyra gas field on Denmark’s side of the North Sea has restarted production, having been shut 2019 for redevelopment, operator TotalEnergies SE said. “At plateau, the Tyra hub will produce 5.7 million cubic meters [201.3 billion cubic feet] of gas and 22,000 barrels of condensate per day, once again …
Read More »China LNG Buyers Turn to Spot Market with Prices at Three-Year Low
Chinese liquefied natural gas importers are hunting for cheap shipments from the spot market after prices fell to the lowest level since 2021. LNG buyers, including Shenzhen Energy Group and China Gas Holdings Ltd., are in talks with potential suppliers for additional cargoes for the next several months, according to …
Read More »Eni to Build Third Biorefinery in Italy
Eni SPA said it is awaiting government clearance to begin construction of its third biofuel production plant in Italy, proposed to rise in the port city of Livorno. “The project, first announced in October 2022 and followed by an application for Environmental Impact Assessment in November 2022, is awaiting official …
Read More »CNOOC Targets Continued Production Growth in Next 3 Years
China National Offshore Oil Corporation (CNOOC) is targeting net production of 700 million to 720 million barrels of oil equivalent (MMboe) in 2024. The production will be divided into 69 percent for China and 31 percent for overseas accounts, the state-owned oil company said in a recent news release. CNOOC …
Read More »Eni, LG Chem Agree to form JV for South Korean Biorefinery
LG Chem Ltd. and Eni SPA have signed a joint venture agreement for a planned biorefinery in South Korea, toward a final investment decision expected later this year. The project is planned to rise in the town of Daesan on the west coast of the country where local company LG …
Read More »Libya Lifts Force Majeure on Sharara Oil Field
Libya’s National Oil Corp. (NOC) announced Sunday the lifting of a force majeure declaration for Sharara, two weeks after pausing production citing a blockade by residents. The NOC did not provide further details besides saying in a statement on its website that it was “declaring lifting of force major and …
Read More »UK Plans to Build Third New 3.2 GW Nuclear Plant
The United Kingdom government said it is considering a third new-generation nuclear plant with the same power capacity as the under-construction Hinkley C and the approved Sizewell C. The third plant is part of the Civil Nuclear Roadmap announced by the Department of Energy Security and Net Zero (DESNZ) Thursday, …
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