Oil & Gas
News & Press Releases
Caterpillar Expands Range of Mobile Power Solutions Meeting EU Stage V Emission Standards with New 115 kVA Power Node
Caterpillar Inc. announced the launch of the 115 kVA Cat® XQP115 generator set, a new mobile power solution that extends the company’s lineup of mobile power solutions that meet European Union (EU) Stage V emission standards.
Fully designed and tested...
News & Press Releases
Brussels Pushes Gas Price Ceiling Citing EU Displeasure
The European Commission has failed to submit the legislative proposal required for the development of a prospective EU-wide gas price ceiling, and countries continue to disagree on the matter ahead of a meeting coming up where ministers were supposed...
News & Press Releases
Stiff Contest To Become The Next US LNG Exporter To Europe
Eight months have passed since Russia invaded Ukraine, which caused a spike in global commodity prices and sent energy-starved nations into a frenzy of competition to locate new fuel supplies in time for the upcoming winter.
Although the US exported...
News & Press Releases
European Refiners Overstocked As Anxiety of Oil Crisis Fades
As a result of the impending EU ban on Russian oil, European refineries are now overstocked with petroleum, contrary to expectations. The front-month Brent crude futures gap shrank significantly as demand for physical oil increased and concerns over the...
News & Press Releases
US, EU Plan New Pact Targeting Oil And Gas Methane Emissions
In an effort to increase efforts to cut emissions of the potent greenhouse gas methane from the fossil fuel sector, the United States and the European Union intend to unveil a joint accord at the U.N. climate summit soon....
News & Press Releases
Sakhalin 2 From Russia Estimates A Drop In LNG Shipments
The Sakhalin 2 development in Russia's far east may need to restrict gas production, according to state-controlled gas giant Gazprom, in order to prolong the life of the project.
Sakhalin 2's newly established operator, Sakhalinskaya Energiya, reported in its most...
News & Press Releases
Canada Share Buyback Tax May Backfire, Energy Sector Warns
According to industry leaders and analysts, Canada's proposal to tax corporate stock buybacks is unlikely to prevent oil and gas producers from returning cash to shareholders and may even make them less competitive.
According to CIBC, Canadian energy companies have...
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