The Australian energy giant Woodside is spending $7bn to drill for 479m barrels-worth of oil and gas off the coast of Mexico, but it says this is all in line with keeping global heating to 1.5C.
Cyprus hopes during talks which start next month, to develop plans for a pipeline linking it to Israel’s east Mediterranean gas fields, the island’s top energy official told Reuters.
The Texas upstream oil and gas sector added a record number of jobs in May, boosting employment to the highest since early 2020, as producers find success luring more workers back to the field.
China National Petroleum Corporation (CNPC) and QatarEnergy are expected to sign a 27-year agreement, which will allow China to purchase 4 million metric tons of liquefied natural gas (LNG) a year, Reuters reported on Tuesday.
In less than a decade, the economy of what was once South America’s wealthiest country, Venezuela, collapsed. The oil-rich country, which once pumped over three million barrels of petroleum daily, slumped into the worst economic collapse of modern times to occur outside of war.
Europe’s benchmark natural gas prices and supply and demand fundamentals have been reflected in the global and Asian prices of LNG in recent weeks, Rystad Energy said in a note on Wednesday.
The Federal Government has restated Nigeria’s commitment to engage with the global community and energy stakeholders on the diverse issues confronting the sector globally.
Uzbekistan has reached a deal with Russia’s Gazprom to buy 2.8 billion cubic meters of natural gas annually over the coming two years as part of a broader effort to prevent winter-time shortages.
Nigeria has authorized two new crude oil export terminals that people involved say could process more than 400,000 b/d of oil and spur the production of more crude in Africa’s biggest producer.
QatarEnergy has signed definitive agreements with China National Petroleum Corporation (CNPC), covering the long-term supply of LNG to China and partnership in the North Field East LNG expansion project (NFE).