Downstream

This post was originally published on this siteJun 19, 2022 (Bloomberg) After years of dabbling, major oil companies are finally planning the kind of large-scale investments that would make green hydrogen a serious business.They’re chasing a very particular vision of a low-carbon future — multibillion dollar developments that generate vast concentrations of renewable electricity and convert it into chemicals or clean fuels that can be […]

This post was originally published on this siteConocoPhillips said volatility in global gas markets may last years, as it joined other Western energy firms by investing in a $29 billion project to boost Qatar’s exports of the fuel. The Houston-based company will buy a 3.1% holding in the North Field East project. Chief Executive Officer

This post was originally published on this site Leonid Mikhelson, the chief executive of Russian gas producer Novatek, said on Friday that the company aimed to start the first line of its Arctic LNG 2 project in 2023.

This post was originally published on this site Energia Argentina has signed a contract with Tenaris to complete the 563-km (350-mile) Presidente Nestor Kirchner Gas Pipeline, which will transfer natural gas from the Vaca Muerta shale formation and allow Argentina to forgo costly LNG imports.

This post was originally published on this siteBAGHDAD, June 18 (Reuters) – The common objective of the Organization of the Petroleum Exporting Countries and its non-OPEC partners has always been to maintain oil market stability, not to raise prices or bring them down, OPEC Secretary General Mohammad Barkindo said on Saturday. Asked whether bringing 9.7

This post was originally published on this siteJun 17, 2022 (Bloomberg) The oil pact OPEC+ launched at the outset of the pandemic is finally nearing an end, and where the group goes from here is a politically fraught question. By August, the last of the huge oil-output cuts the group made in 2020 will have been

This post was originally published on this siteJune 17 (Reuters) – Since the onset of the global pandemic, the United States has lost nearly 1 million barrels per day of oil refining capacity, with more set to be shuttered in the next few years. These are the refiners that have closed or cut capacity: LYONDELLBASELL

This post was originally published on this siteLONDON, June 17 (Reuters) – Benchmark European and British gas prices are on course for gains of more than 50% this week after Russia said capacity of its Nord Stream 1 pipeline, which take gas directly to Germany, would be cut by around 60%, dramatically reducing European gas

This post was originally published on this siteLONDON, June 17 (Reuters) – The White House has sought to deflect the blame for high gasoline prices onto refiners for cutting capacity and not making enough fuel, but the real source of the price increases is the attempt to run the economy “hot”. In conjunction with the

This post was originally published on this siteSummary Brent and WTI on track for first weekly decline in over a month U.S. dollar rises to highest since Dec 2002 earlier in week Central banks raise interest rates this week to tame inflation Baker Hughes US oil rig count rises a bit, President wants more Russian