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Natural Gas

India's May fuel consumption soars on robust manufacturing

India's fuel consumption surged in May with diesel sales scaling a record high, buoyed by strong factory activity in the third-largest oil consumer in the world.

Russia's Sakhalin invites India and China to tap energy resources

The local governor of Russia's Pacific island of Sakhalin has invited companies from India and China to tap the region's energy resources following the departure of European and American oil and gas majors.

Venezuela's PDVSA to ramp up refining by 20% in 2023

Venezuelan state energy company PDVSA's new management expects to boost the country's oil production to 1.17 million bpd by year end while increasing refining and exploration activities, an internal planning document showed.

US pipeline operator ONEOK moves into oil, products with $18.8-B Magellan deal

ONEOK Inc agreed to buy U.S. pipeline operator Magellan Midstream Partners in a cash-and-stock deal valued at about $18.8 B including debt, bringing natural gas-focused ONEOK into transporting refined products and oil.

Iraq expects Total to begin $27-B energy project in second half of 2023

Iraq expects TotalEnergies to begin operations on a long-delayed $27-B oil, gas and renewables project in the second half of 2023 after finalizing side-contracts with a state oil company.

Alberta producers restart oil and gas operations as wildfires temporarily ease

A number of oil and gas companies in Canada's main crude-producing province Alberta restarted shuttered production as wildfires that sparked widespread evacuations eased, although officials warned conditions could deteriorate.

Japan's Eneos aims to double profit in 3 years with green energy plan

Japan's biggest oil refiner Eneos Holdings said it planned to more than double net profit to ¥310 B in three years and expand aggressively in green energy and climate-friendlier fuels.

Biden admin greenlights LNG exports from Alaska project

The Biden administration on Thursday approved exports of liquefied natural gas from the Alaska LNG project that one day could help the United States compete with Russia to ship natural gas from the Arctic to Asia.

Canada's Alberta to contribute to CCUS after Ottawa commitments

Canada's province of Alberta is expected to offer more support for carbon capture utilization and storage projects now that the federal government has its incentives in place.

Cummins to invest over $1 B to upgrade U.S. facilities to new clean energy tech

Cummins Inc said it would invest more than $1 B across its U.S. engine manufacturing network to upgrade some facilities to support new clean energy technologies.