Latest news
Chevron sets new greenhouse gas reduction goals
Chevron has established new goals to reduce net greenhouse gas (GHG) emission intensity from upstream oil and natural gas. Emission intensity is the emission rate of greenhouse gas per unit of energy produced. The company intends to lower upstream oil net GHG emission intensity by 5 - 10 percent and upstream natural gas net GHG emission intensity by 2 - 5 percent from 2016 to 2023. The timing is aligned with stocktake milestones set in the Paris Agreement on climate change.
read more... 04/10/2019
Daily (03.10.2019): UK gas futures posted important losses on Wednesday amid strong pipeline and LNG supplies
Crude oil prices extended losses on Wednesday, after data showed a build in the U.S. crude inventories. Furthermore, pessimistic economic data in the U.S. dragged down the equities market, weighing on the global oil demand. Fading geopolitical tensions in the Middle East stoked oversupply fears, adding to the market bearishness. Against that background, Brent crude dropped by 2% to $57.69 a barrel, while WTI futures settled 1.8% lower at $52.64 a barrel.
read more... 03/10/2019
Mysterious Gas Reserve In East China Sea Floor Could Be A 'Ticking Time Bomb'
Seismologists and other researchers have detected a huge reservoir of gas off the coast of Japan underneath the waters of the East China Sea. This pocket may be one of several around the globe where conditions are similar. But the big questions are: Is the gas mostly carbon dioxide (CO2) or methane (CH4)? And, why is it potentially a “ticking time bomb”?
read more... 03/10/2019
Russia plans to increase LNG output to 120 - 140 mln tonnes by 2035, says Putin
In the next 15 years, Russia plans to increase annual production of liquefied natural gas (LNG) to 120-140 mln tonnes, Russian President Vladimir Putin said on Wednesday at the Russian Energy Week.
read more... 02/10/2019
Kazakhstan to produce 80 bln cubic meters of gas by 2027
Gas output in Kazakhstan will reach 80 bln cubic meters by 2027, Prime Minister Askar Mamin said welcoming the participants of the KAZENERGY Forum, Kazinform reported.
read more... 30/09/2019