The gelid temperature of minus 161.5 degrees Celsius is cold enough to kill any sign of life on the planet. A group of engineers in Shenzhen, however, has found a way to turn extreme cold […]
US liquefied natural gas (LNG) exports dropped in the week ending March 6 compared to the week before, according to the Energy Information Administration. The agency said in its weekly natural gas report that 23 […]
Europe is on track to end the winter with a record volume of gas in storage, which has pushed futures prices back to pre-crisis levels once inflation is taken into account. The supply picture […]
Atlantic spot LNG freight rates rose this week, while European prices increased for the second week in a row. Last week, spot charter rates for the global LNG carrier fell to their lowest since June […]
The European Union has five main sources for natural gas: indigenous production (mostly the Netherlands), Norway, North Africa (Algeria and Libya), Russia and LNG. According to Navigant Consulting’s Global Market Intelligence Database, the total amount […]
Chevron has restarted drilling at a key Venezuelan oil field despite signals from the White House the sanction noose around Caracas is about to tighten. Work at the Petroindependencia field in the Orinoco Belt has been ongoing […]
ExxonMobil has started an arbitration process regarding its rights over Hess’s Guyana oil and gas assets, tossing some sand into the gears of rival Chevron’s pending $53 billion acquisition of Hess. “We are engaging in […]
China could flood the U.S. electric-vehicle market with its offerings, Energy Secretary Jennifer Granholm warned Wednesday, weeks after President Joe Biden raised similar concerns. “We are very concerned about China bigfooting our industry in the […]
Grid operators and regulators are concerned that EPA regulations could force the retirement of power plants needed to prevent blackouts, according to an article in InsideSources. The article focuses on the recent study by Quanta Technology that showed […]
Bangladesh has approved a long-term liquefied natural gas (LNG) supply deal with Summit Oil and Shipping, a part of Bangladesh’s conglomerate Summit Group. Summit Power International confirmed the approval by the cabinet committee on economic […]
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