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Chinese Firm Secures Key Gas Block in Algeria

OilPrice

Zhongman Petroleum and Natural Gas Group (ZPEC), an independent Shanghai-listed Chinese oil and gas company, has won a licensing contract to explore a natural gas block in central Algeria, the firm has said.

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Kenya Plans to Launch Crude Oil Exports in 2026

OilPrice

Kenya hopes it will begin commercial crude oil production and exports next year, Opiyo Wandayi, Cabinet Secretary for Energy and Petroleum, said on Monday, as companies are finalizing an asset sale and development project plans for an onshore resource basin.

Crude Oil 306
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USGS Discovers Large Oil & Gas Deposits In Wyoming   

OilPrice

Geological Survey (USGS) has discovered large oil and gas deposits in the Mowry Composite Total Petroleum System that spans parts of Wyoming, Colorado and Utah. The report estimates large hydrocarbon resources, including 473 million barrels of oil and 27 trillion cubic feet (tcf) of natural gas.

Gas 343
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Russia’s Oil Profits Tumble as Prices Fall and Sanctions Hit

OilPrice

The combined net profits of Russia’s oil and gas companies nearly halved in the first quarter from a year earlier, while petroleum revenues for the budget have been falling with the decline in oil prices in recent months. The net profits of the Russian oil and gas firms slumped to $9.9 billion (789.5

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New Report Focuses on Non-Petroleum Fuel Options for Waste and Recycling Fleets

NGT News

NGO Energy Vision’s The Refuse Revolution report on alternative fuels and new vehicle technologies for waste and recycling collection truck fleets assesses biodiesel and renewable diesel, fossil and renewable natural gas, hybrid technologies, battery electric vehicles (BEVs), DME, and hydrogen for cost, performance, and climate and health impacts.

Petroleum 246
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Panama Canal Considers Pipeline to Ship Gas to Asia

OilPrice

The Panama Canal is considering an idea to build a pipeline to ship liquefied petroleum gas (LPG) across the key trade chokepoint to potentially bring gas from the U.S. The canal authorities see moving gas through Panama as a top priority, but its also highly complex, according to Vasquez.

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Egypt Turns to Oil for Power Generation Due to High Gas Prices

OilPrice

Egypt is seeking to buy more fuel oil on which to run some of its power plants as natural gas supply is more expensive for the cash-strapped North African country.

Oil 305