US Drillers Add Most Oil and Gas Rigs since November -Baker Hughes The oil and gas rig count, an early indicator of future output, rose nine to 641 in the week to Sept. 15, its highest since mid-August. Despite this week’s rig increase, Baker Hughes said the total count was still down 122, or 16%,…
NGA Organises Learning Solutions Training Program The Nigeria Gas Association (NGA) Learning Solutions is a certificated course/training program with an objective to provide a comprehensive insight into the Nigerian gas sector, and enable participants to develop a greater understanding, interest and appreciation of the Nigerian Gas Industry Value Chain. With the recent implementation of the…
EU Greenlights Push For 45% Renewable Energy Target By 2030 The European Parliament, EU, has approved the proposal to achieve a remarkable 45% share of renewable energy consumption by the year 2030. This move reflects the EU’s commitment to its Green Deal and REPowerEU initiatives. A key element of this decision is the revised Renewable…
TotalEnergies & Air Liquide Collaborate On Green Hydrogen TotalEnergies and Air Liquide have signed an agreement for the long-term supply of green and low carbon hydrogen to the TotalEnergies refining and petrochemical platform in Normandy. The project will contribute to the decarbonization of the Gonfrevillle site, reducing its CO2 emissions by up to 150,000 tons…
Global Crude Loadings Slump to the Lowest Level since June 2022 Global loadings of crude and condensate plunged in August to the lowest level since June 2022, led by a slump in Saudi Arabia’s cargo loadings, Vortexa said in a note this week. Global supply is tightening, while China’s crude imports are recovering, according to…
China’s Refinery Throughput Jumps to Record Highs High margins on the export markets and peak domestic summer demand prompted China’s refiners to boost crude oil processing to a record-high 15.23 million barrels per day (bpd) in August, official Chinese data showed on Friday. The total throughput jumped last month by 19.6% compared to August 2022,…
ANRE Fines Gazprom Unit $1.9 Million Moldova’s energy regulator ANRE has fined a unit of Russia’s Gazprom $1.9 million for not complying with a requirement on the separation of gas transporting activities from those of a supplier, it said on Friday. ANRE said Moldovatransgaz, a subsidiary of Moldovagaz in which Gazprom owns a 50% stake,…
Eni Wins Second UK Carbon Storage Licence Italian energy group Eni has won a second carbon dioxide storage licence in Britain, the company said on Friday. The new licence is for the depleted Hewett gas field located 20 kilometres (12.4 miles) offshore Bacton, in the southern North Sea sector of Britain. It follows the one…
Saudi Aramco Agrees to Purchase Chile’s Esmax Saudi Arabian oil giant Aramco agreed to purchase a Chile’s Esmax Distribución SpA (Esmax) from Southern Cross Group, the company said in a statement on Friday. “The transaction is subject to certain customary conditions, including regulatory approvals,” the statement added. In 2022, Esmax recorded revenue of the equivalent…
Chevron LNG Strikes to have limited Near-Term Impact on US Gas Prices, Analysts Say The strikes at Chevron’s liquefied natural gas (LNG) plants in Australia will likely have limited near-term impact on U.S. gas prices as domestic demand remains low, analysts said. Workers at Chevron’s Gorgon and Wheatstone facilities, which represent about 5% of global…