Author: Kwok W Wan
Trans-Caspian gas pipeline vital to Nabucco
17 October 2011
Contentious trans-Caspian gas pipeline will be built; Shah Deniz gas will be transported through Nabucco; managing director Reinhard Mitschek talks to Kwok W Wan
Libyan gas exports from Greenstream pipeline set to flood Europe
14 October 2011
The restart of the Greenstream pipeline to Italy will flood an already oversupplied European gas market. Gas prices look set to drop
Opec’s El-Badri sees swift Libyan oil return
11 October 2011
Libyan oil production will hit 1 million barrels a day (b/d) in six months, and reach pre-war levels in less than 15, said Opec secretary general Abdalla El-Badri on Tuesday
Scramble starts for UK shale-gas licences
6 October 2011
Areas from northeast England down southeast coast up for grabs
LNG market to break oil-linked gas price
29 September 2011
The expanding global liquefied natural gas (LNG) market is likely to erode traditional oil-linked gas prices, if not break them completely, the Energy Charter Secretariat said on Wednesday
Asian LNG price-index gains traction
29 September 2011
Traders are in favour of liquefied natural gas (LNG) price assessments for Asian spot trading, according to energy broker Tullett Prebon, and moving away from prices linked to oil
Azerbaijan-Turkey gas-deal key to Caspian supply
23 September 2011
A phased approach to opening the gas Southern Corridor to Europe will persuade Caspian producers to make their gas available, says Greece’s Depa, starting with the ITGI link
Operation Twist sends oil into downward spiral
22 September 2011
London Brent crude futures slid to $107.7 a barrel compared with $115.6/b last week
Cuadrilla unveils huge new UK gas resources
21 September 2011
The company has drilled two wells so far and is in the process of drilling another
GDF Suez in Gazprom contract talks
16 September 2011
GDF Suez is renegotiating long-term, oil-linked contracts with Gazprom and could take the Russian monopoly to arbitration, chief executive officer Gerard Mestrallet said on Thursday
Russia piles gas pressure on Ukraine
15 September 2011
Both the EU and Russia have the same objective, to ensure gas supply to Europe. But both are approaching their goals in very different ways
Rush to build new LNG tankers could backfire
13 September 2011
The rush to build new liquefied natural gas (LNG) tankers to cash in on high charter rates could backfire, with the market rebalancing by the time the vessels are delivered
EU starts trans-Caspian gas pipeline talks
12 September 2011
The EU has started talks with Azerbaijan and Turkmenistan to build a Caspian subsea gas pipeline as it seeks to boost central Asian exports to Europe
Ambitious Iraqi refining plan needs huge investment
9 September 2011
Securing finance for the plans to double refining capacity could prove difficult
Indian fertiliser feeds huge gas-import growth
8 September 2011
Government demands for a switch to natural gas in urea production will further boost Indian demand, but domestic output cannot keep up with soaring consumption
Iraq on track to pump 3 million barrels a day
8 September 2011
Iraqi oil production could reach 3 million barrels a day (b/d) by the end of the year, but export-capacity constraints may shut in output, according to deputy oil minister Ahmed al-Shamma
Iraq eyes EU gas exports through Turkey
8 September 2011
Iraq wants to export gas found in the blocks on offer in its fourth licensing round to Europe by pipeline through Turkey and as liquefied natural gas (LNG)
Crude rises on stock draw and Katia fears
1 September 2011
Fears of new hurricane curtailing oil output in the Gulf of Mexico
EGL targets Greek and Turkish LNG markets
30 August 2011
Greek and Turkish gas consumption is growing and will need liquefied natural gas (LNG) imports to satisfy demand, Markus Brokhof, the head of gas supply at European energy trader EGL, told Petroleum Economist
Supply fear sparked Romania pipe switch, according to US cable
26 August 2011
The US diplomatic cable reported that the switch was prompted by Romania losing faith in the Nabucco pipeline
Oil bounces as Libya rebels hunt Qadhafi
25 August 2011
Crude oil prices react to news that Libyan rebels reach Tripoli
Venezuela claims oil-reserves top spot
19 August 2011
Venezuela has toppled Saudi Arabia as holder of the world’s largest proved crude oil reserves, according to Opec
Crude firms on weaker dollar; US natgas drops
18 August 2011
Brent up to around $108/b; WTI up by $2/b to $85/b
Japan set for record August LNG spree
18 August 2011
Japanese utilities could buy and consume record amounts of liquefied natural gas (LNG) this August, according to a new Petroleum Economist forecast
Massive LNG supply deal for South Korea
17 August 2011
South Korea has agreed a large long-term liquefied natural gas (LNG) supply deal with Shell and Total
Dominion applies for LNG re-exports due to high prices
15 August 2011
High liquefied natural gas (LNG) prices are forcing Dominion to seek re-export permission at its little-used Cove Point import terminal in Maryland, US