Oil & Gas
News & Press Releases
Mexico To Build $5bn LNG Plant To Help Europe Get Energy
Mexico has revealed plans to invest up to $5 billion in an LNG hub on its Caribbean coast in order to capitalise on Europe's rising energy demand, according to Mexico Business News. The announcement was made by Andrés Manuel...
News & Press Releases
Gas Markets To Be Tight Next Year Due To Supply Crunch- IEA
According to the International Energy Agency (IEA), tight gas markets are anticipated around the world in 2023 as Russian pipeline gas supplies decline and gas consumption declines in Europe as a result of energy-saving measures and high costs.
Global gas...
News & Press Releases
Brand New Baltic Pipeline Has Begun Processing Gas Flow
According to the Polish gas pipeline operator Gaz-System, gas began flowing to Poland through the new Baltic Pipe network from Norway on October 1st morning. The gas travelled through Denmark and the Baltic Sea before arriving in Poland.
Poland's plan...
News & Press Releases
EU States Back Energy Windfall Tax, Clash On Gas Cost Cap
The member states of the European Union will get together to approve emergency taxes on energy companies' windfall profits and start talking about their next steps to solve Europe's energy crisis, which could include putting a cap on gas...
News & Press Releases
Abu Dhabi To Obtain Regions First Underwater HVDC Network
Abu Dhabi and a Japanese, French, and Korean consortium have agreed to a $3.8 billion deal to use an undersea high voltage direct current (HVDC) transmission system to power offshore oil and gas operations from land.
It has been referred...
News & Press Releases
Oil Cost Rise Due to US Gulf Supply limits, Weaker Currency
On September 27th, more than 1% increase in oil prices from the previous day's nine-month low, helped by supply restraints in the US Gulf of Mexico due to Hurricane Ian and a small weakening of the US dollar.
Analyst predictions...
News & Press Releases
Oil Consumption Rises As Refiners Ramp Up Output In China
In anticipation of greater demand and a potential increase in fourth-quarter gasoline exports, at least three Chinese state-run oil refineries and a privately owned mega refiner are considering raising capacity in October from September by up to 10%, according...
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