Japan is expected to announced on Wednesday a public-private initiative worth up to $10 billion to target the growing demand for liquefied natural gas (LNG) infrastructure in Asia, Nikkei reported Monday.
INEOS Shale, a unit of UK’s petrochemical giant INEOS, announced on Monday it has appointed Ron Coyle as its new chief executive to lead the company into operational phase, Kallanish Energy learns.
Despite a more moderate-than-expected growth, U.S. oil supply is forecast to grow by 6% in 2018, compared to 2017 – an increase only smaller than the 11.16% expected for the Asia Pacific region, OPEC said Wednesday.
French lender BNP Paribas said Wednesday it will no longer do business with companies whose main activity involves shale and oil sand projects, a move taken to “accelerate” support of the energy transition.
UK’s Environment Agency (EA) approved on Tuesday Third Energy’s Hydraulic Fracture Plan for its well site at Kirby Misperton, in North Yorkshire, leaving the onshore explorer with one last hurdle before it can start fracking in England, Kallanish Energy reports.
OPEC’s Secretary General Mohammad Barkindo on Tuesday called on U.S. shale producers take responsibility and join efforts to curb the global oil supply glut, sustaining a market rebalance, Kallanish Energy reports.
The Scottish Government on Tuesday said no to the development of unconventional oil and gas, replacing the current moratorium on hydraulic fracturing (fracking) in the country to an effective ban, Kallanish Energy reports.
State-owned Indian Oil Corporation (IndianOil) received on Monday its first U.S. crude oil import, marking “a new chapter” in the history of Indo-U.S. trade, particularly in the oil and gas sector, said Indian oil ministry secretary Shri Sudhir.