International

Ukraine’s natural gas storage inventories are growing with European traders sending more supply to the country as stocks elsewhere on the continent are brimming.  Ukraine Energy Minister German Galushchenko said Wednesday on the social media platform Telegram that foreign traders had pumped 1.8 billion cubic meters (Bcm), or about 64 Bcf, into the country’s underground…

Labor unions’ decision to partially stop work last week at the Gorgon and Wheatstone LNG export facilities in Western Australia spurred a significant rally in the European natural gas market, once again shining a light on the increasingly sensitive links between regional gas markets.

Thailand is aiming to secure long-term LNG supply contracts from global LNG suppliers based on different price benchmarks to diversify supply.   The country plans to buy 50% of its liquefied natural gas via term contracts and the remaining 50% from the spot market, PTT Public Co. Ltd.’s M. L. Peekthong Thongyai, senior vice president, said…

BP plc CEO Bernard Looney, who has spent his entire career at the global energy major, resigned on Tuesday for failing to disclose information about previous relationships with colleagues, according to the company. CFO Murray Auchincloss was appointed interim chief, a BP spokesperson said. The BP board said it reviewed allegations last year regarding Looney’s…

Following the success of the first two natural gas supply tenders under the European Union’s (EU) joint purchasing initiative this year, the European Commission (EC) is considering whether to extend or make the scheme permanent when it is due to expire in December.  The Joint Participation Platform (JPP) was created in 2022 and launched this…

Calgary-based drilling contractor Precision Drilling Corp. is merging its drilling operations with cross-town rival CWC Energy Services Corp., a deal designed to boost the North American rig fleet. The cash-and-stock transaction is worth an estimated C$141 million ($104 million). Precision said it would trade 948,000 of shares, valued at C$88 million ($65 million), as well…

Argentina has authorized the firm supply of natural gas via pipeline to neighboring Chile through the end of 2024, reflecting Argentina’s aspirations as a key energy exporter to South America and the world.  Having already guaranteed the flow of 9 million m3/d to Chile for the 2023-2024 austral summer, Argentina now has granted Chile the…

Eni SpA said this week it has produced the first natural gas and oil from the Baleine field offshore Côte d’Ivoire as the Italian supermajor progresses plans to tap African resources to recover declining natural gas sales volumes. Eni expects the first phase of Baleine production to reach a max of 15,000 b/d of oil…

Greenhouse gas (GHG) emissions shrank while Canadian natural gas and liquids byproduct output grew during the 2012-2021 period, according to government records compiled by the Canadian Association of Petroleum Producers (CAPP). Annual GHG discharges from gas, condensate and lighter fluids production dropped by 22% to 50 million tons in 2021 from 64 million tons in…