US facing energy crunch

A new note from research consultancy Energy Aspects cautioned that US crude oil output from shale basins could peak in 2024. The note referenced five crude oil producers in the US considering

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Low natural gas prices won’t last

The global energy crisis continues with no end as the Russia-Ukraine war moves into winter. In Europe, natural gas prices have come down for now, but oil prices are edging upwards. Gas

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ExxonMobil urges state support for EastMed gas

Governments should provide the necessary support to increase energy supply from the Eastern Mediterranean, said ExxonMobil’s frontier exploration director Tristan Aspray. He told a panel discussion on energy supply and security in

Energean finds new Israel gas discovery

Greece’s Energean announced its Hermes exploration well offshore Israel had made a commercial natural gas discovery of between 7 and 15 bcm, with Cyprus a potential export market. And the Stena IceMax

Energy crisis long afterburn

Europe’s energy crisis will not just be for this winter. Europe is expected to face similar problems next winter and probably beyond, driven by tight global gas supply and increasing competition for

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Cyprus, Israel want speedy end to gas row

Cyprus and Israel agreed Monday to resolve speedily a long-running dispute on exploiting a natural gas reservoir that straddles the maritime boundaries of both countries, energy ministers said. Israeli Energy Minister Karine

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