European Gas Tops 101 Euros for First Time Since 2022
Europe’s benchmark natural gas prices have topped 101 euros per megawatt-hour (MWh) for the first time since the 2022 crisis as winter looms amid historically low European gas storage levels. …
BP Quadruples Profit to Record as War Boosts Refining and Trading
BP easily beat analyst expectations of third-quarter earnings, posting its highest quarterly profit, which nearly quadrupled from a year earlier amid strong refining margins and oil and gas trading. BP’s…
Brent Hits $117 as Tanker Catches Fire in Strait of Hormuz
Tensions in the Middle East are escalating again as a tanker was reported on fire after explosive devices were attached to its hull while the vessel was attempting to transit…
Japan to Tap $7 Billion from Government Fund to Subsidize Gasoline Prices
Japan’s government on Friday decided to tap $7 billion from its contingency reserves to keep subsidies for gasoline and other fuels, even as it plans to gradually scale back the…
Linde leaves door open to Lincare sale amid earnings pressure
Linde leaves door open to Lincare sale amid earnings pressure | Healthcare & Medical | gasworld ©Shutterstock By 52 min ago 1 min read Industrial gas major Linde is keeping…
Russian helium production to reach 1.1 Bcf in 2026
By 14 min ago 3 min read Russia has the resources and installed capacity to become a much larger global helium supplier, but actual export availability remains uncertain amid the…
Houthis Claim Fresh Strikes on Saudi Oil Refineries and Aramco Facilities
The Yemeni Houthis claimed a fresh series of attacks on Saudi targets, including oil infrastructure: two refineries and a facility at the Abqaiq oil field. The Houthis struck the Ras…
High Oil Prices Set to Trigger New Wave of North Sea Mergers
High oil and gas prices are going to drive further consolidation in the UK sector of the North, according to analysts, who also said tax considerations would play a role…
Wall Street Banks Raise Oil Price Forecasts as Supply Fears Deepen
Brent Crude oil prices are set to end the year at about $105 per barrel, bank ANZ said on Friday as it hiked its projection by $10 a barrel on…
Bodies Discovered After Rig Sinks Offshore Gabon
In a statement posted on its website on Thursday, Borr Drilling Limited, which announced the sinking of the Prospector 5 rig on Sunday, revealed that three bodies had been found…
