The 2023 Energy White Paper released by the Japanese government recently pointed out that by 2025,LNG supply and demand will further tighten,and the global”LNG competition”will continue. Since the geopolitical conflict,Europe has continuously expanded its sources of natural gas imports,leading to a tightening of global LNG supply and demand.Since 2015,in order to achieve decarbonization goals,global natural

U.S. independent shale oil producers invested in output growth in the second quarter at the fastest rate in three years, a departure from the fiscal discipline that’s been the industry’s focus, according to a report from research firm Rystad Energy. Reinvestment rate surged to 72% in the second quarter, highs not seen since 2020, according

·     The catalyst, primarily made of cheaper cobalt, replaces costly iridium in Proton Exchange Membrane (PEM) electrolyzers. ·     Giner Inc. tested the catalyst under industrial conditions, noting its superior performance and durability. ·     This innovation supports the DOE’s Hydrogen Energy Earthshot initiative, aiming to drastically reduce green hydrogen production costs. An Argonne

Despite rising investments in conventional oil and gas exploration, discovered volumes are falling to new lows. That’s what Rystad Energy research shows, the company highlighted in a new release sent to Rigzone, adding that its estimates show that in the first half of 2023, explorers found 2.6 billion barrels of oil equivalent (boe), which the

Six major oil companies – ExxonMobil, bp, Shell, TotalEnergies, Eni, and Chevron – are poised to play a significant role in global exploration activities this year. According to industry forecasts by Rystad Energy, these major players are expected to collectively spend approximately US$7 billion on exploration in 2023, marking a notable 10% increase compared to

·     Rystad: in the first half of 2023, explorers found 2.6 billion barrels of oil equivalent. ·     The exploration and production (E&P) industry is in a transitionary period, with many companies exercising increased caution and shifting their strategies to target more profitable and geologically better-understood regions. ·     In the hunt for new

Oil prices are set to rise to $86 per barrel at year-end, from $80 now, as record-high oil demand and lowered supply will lead to a large market deficit. “We expect pretty sizable deficits in the second half with deficits of almost 2 million barrels per day in the third quarter as demand reaches an

Japan plans to propose a global stockpile for natural gas, similar to the emergency reserve in the oil sector, to help avoid future shortages and stabilize prices. The nation’s government will suggest that the International Energy Agency should create a gas stockpiling framework for member nations, according to people familiar with the details. The proposal

Reducing global oil and gas production would be “dangerous and irresponsible” as the world still desperately needs those hydrocarbons, Shell’s chief executive Wael Sawan has told the BBC. Last month, Shell unveiled its new strategy to continue investing in oil and gas production and selectively pour capital into renewable energy solutions, angering climate activists and

Oil prices rose above USD75 a barrel on Friday but were on course for a fourth consecutive quarter of losses amid concerns over sluggish global economic activity and fuel demand, said Hydrocarbonprocessing. Benchmark Brent crude futures for September delivery were up 82 cents, or 1.1%, at USD75.33 a barrel by 1310 GMT. The less-traded front-month