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Business › Energy

Steelmakers frustrated with slow start of EU green hydrogen production

Euractiv | Oct 28, 2022 at 4:53 PM

Despite favourable winds due to high gas prices, Europe’s fledgling hydrogen-based industrial transformation is hitting several roadblocks: lack of legal certainty, next-to-no infrastructure and limited availability of green hydrogen made from renewables.

Russia Cuts Expectations For Taxable Oil Production

OilPrice.com | Oct 28, 2022 at 3:30 PM

Russia’s finance ministry has slashed its forecast for taxable oil production for next year, a draft budget seen by Reuters showed on Friday.

Equinor and Eni report bumper profits

Financial Times | Oct 28, 2022 at 12:39 PM

…acquire two gas projects in Algeria from BP and purchased a floating LNG vessel, which will be able to produce approximately 600,000 tons of…

Centrica reopens UK’s biggest gas storage site

Financial Times | Oct 28, 2022 at 12:38 PM

…gas supplies, relying on pipeline imports from the continent and cargoes of LNG to meet demand that couldn’t be supplied from domestic sources. However…

Natural Gas Storage Site In The UK Reopens Ahead Of A Difficult Winter

OilPrice.com | Oct 28, 2022 at 11:30 AM

UK energy firm Centrica reopened its Rough natural gas storage site on Friday — which was closed five years ago — to boost storage capacity by 50% for this winter.

Eni’s Profits Soar On “Excellent” Gas Business

OilPrice.com | Oct 28, 2022 at 10:45 AM

Reported on Friday third-quarter core earnings and net profit beating analyst expectations amid what the Italian energy group described as an “excellent performance” of its Global Gas & LNG Portfolio.

Cameroon’s gas production expected to rise in Q4 2022

Business in Cameroon | Oct 28, 2022 at 9:06 AM

The production of Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG) in Cameroon is expected to increase sharply over the fourth quarter of 2022.

Austria snags UAE gas deal, matching Germany’s

Euractiv | Oct 28, 2022 at 8:58 AM

To diversify the gas supply and reduce dependency on Russian imports, the Austrian government closed a deal with the United Arab Emirates (UAE) for an amount of gas similar to what Germany receives.

Equinor Lifts Dividend As Soaring Gas Prices Drive Record Q3 Profit

OilPrice.com | Oct 28, 2022 at 8:47 AM

Raised its extraordinary dividend after reporting on Friday record earnings for the third quarter on the back of surging natural gas prices in Europe.

Chinese Refiners Rush To Stock Up On Crude Oil

OilPrice.com | Oct 28, 2022 at 3:00 AM

Chinese refiners have increased their crude oil purchases ahead of the year’s end as they see higher fuel exports in the final months of the year.

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