Qatar Set to Strike Second Big Lng Supply Deal with China

Qatar is set to secure its second large gas supply deal with a Chinese state-controlled company in less than a year, sources familiar with the deal told Reuters on Tuesday. China National Petroleum Corporation(CNPC) and QatarEnergy are expe...

UK Awards First Carbon Storage Licenses

A United Kingdom energy regulator offered Thursday the countrys first licenses for carbon storage with 12 companies winning a total of 20 awards. The facilities to trap planet-warming emissions will be built at offshore sites including near...

Sinopec Begins $1.56BN Upgrade at Northern China Refinery

Chinas Sinopec said it has started building a project worth 10.8 billion yuan ($1.56 billion) in a northern subsidiary refinery aimed at manufacturing more high-end chemicals. The project, being built alongside Sinopecs Shijiangzhuang refin...

OPEC Expects Tighter Oil Market With Lower Supply and Higher

(Bloomberg) OPEC expects a slightly tighter global oil market than previously forecast as the group nudged up its demand estimate and trimmed its supply outlook. The Organization of Petroleum Exporting Countries raised its projection for th...

Proved Gas Reserves in U.S. Grow To 625.4 Tcf

Proved reserves of natural gas in the United States grew to a new record of 625.4 trillion cubic feet (Tcf) in 2021, the latest year in which full statistics are available. A recent report from the U.S. Energy Information Administration ind...

7th Edition Gecf Global Gas Outlook 2050 Launched

Doha, QATAR 29 January 2023: The Gas Exporting Countries Forum (GECF) today launched the latest edition of its annual Global Gas Outlook 2050 (Outlook), in the presence of the 2023 President of the GECF, HE Gabriel M. Obiang Lima, Minister...