The CEO of the Kremlin-controlled energy giant Gazprom said on Thursday that Europe was damaging its own industrial sector by artificially destroying demand for gas, as Russian gas exports to the region have shrivelled.Alexei Miller said there could be gas price shocks and supply disruption ahead…
Chevron said on Wednesday it has resumed natural gas production at the Tamar and Leviathan platforms offshore Israel following brief precautionary production shut-in on Tuesday night.(Reporting by Ron Bousso; editing by Jason Neely)
A new design for a 268-meter floating liquefied natural gas (FLNG) facility from Wison New Energies received approval in principle (AIP) from classification society ABS.The unit is designed to perform offshore and at-shore with an expected production capacity of 1…
Chevron CEO Michael Wirth on Tuesday criticized U.S. President Joe Biden's administration for what he described as 'attacks on the natural gas” industry and emphasized the crucial role of Permian natural gas in powering the rapid growth of artificial intelligence (AI)…
Brazil's state-run oil firm Petrobras will do what it can to reduce the reinjection of natural gas into oil wells, Chief Executive Magda Chambriard said on Wednesday.The government published a decree on Monday authorizing the oil regulator ANP…
Norway's Equinor may reconsider investing in oil and gas in Britain if the Labour government changes the industry's tax regime, a top company executive told Reuters.Equinor's head of international operations said it may not be as attractive…
Australia's Woodside Energy reported on Tuesday a decline of 14% in half-year profit, hit by lower oil prices, but the result and its dividend beat market expectations, sending shares up 4%.Chief Executive Meg O'Neill said there had been a flood…
A Chevron-led consortium that holds licensing rights over a gas field off Cyprus will present an updated development plan within days, one of the partners said on Monday, after Cyprus gave them a three-month deadline to comply.There have been…
Indonesia has approved a development plan for the first phase of the Geng North gas field operated by Italy's Eni in the Makassar Strait, the upstream oil and gas regulator SKK Migas said in a statement on Friday.The approval also covered the development of the nearby Gehem field…
OMV and its partners have discovered gas in the deepwater Haydn/Monn wildcat well (6605/6-1 S) in the Norwegian Sea.The gas discovery is located around 310 kilometers west of Sandnessjøen, at a water depth of 1,064 meters. The find is approximately…
U.S.-based supermajor Chevron announced it has been awarded a greenhouse gas (GHG) assessment permit offshore Western Australia.The G-18-AP permit is offshore from Onslow, Western Australia and covers an area of approximately 8,467 km2 with water depths of 50-1100m…
Egypt plans to return oil and gas production to normal levels from 2025 with the help of international partners, Prime Minister Mostafa Madbouly said in a press conference on Thursday.The North African country had aimed to become a regional…
Europe's record gas surplus inherited from the winter of 2023/24 has been largely eliminated following an unusually small accumulation of inventories so far in the summer of 2024.Inventories across the European Union and the United Kingdom have risen by just 336 terawatt-hours (TWh) since March 31…
Investors cut their petroleum positions to the lowest level for at least a decade early last week, part of a broad-based retreat from risk amid rising concerns over a global economic slowdown.Hedge funds and other money managers sold the equivalent…