India will see a massive USD 66 billion investment in the building of gas infrastructure as the government pushes for greater use of the cleaner fuel with a view to cutting down carbon emissions, Oil Minister Dharmendra Pradhan said on Wednesday.

India has announced plans to build a 10 GW dam on the Brahmaputra (Yarlung Tsangbo) River, which flows from Tibet into India and Bangladesh.

In October 2020, the Japanese government presented a plan to achieve carbon neutrality by 2050.

The government of Egypt, the Egyptian General Petroleum Corporation (EGPC), and the Egyptian Natural Gas Holding Company (EGAS) have reached an agreement with the Italian and Spanish gas groups Eni and Naturgy to restart the 7.56 bcm/year (5.6 Mt/year) Damietta gas liquefaction plant in northern Egypt.

Fitch Ratings has assigned Innergex Renewable Energy Inc. a first-time Issuer Default Rating (IDR) of 'BBB-' with a Stable Rating Outlook.

Chevron Corporation announced a 2021 organic capital and exploratory spending program of $14 billion

Brent was up 21 cents, or 0.4%, at $48.46 a barrel . WTI was 11 cents, or 0.2%, higher at $45.39 a barrel.

Specifically, the aggregate amount of gas supplied in November totaled 113.6 per cent of the planned volume for that month.

OMV already has a long-term Russian gas import contract with Gazprom for 6 Bcm/year for deliveries to Austria that is set to run until 2040.

U.S. commercial crude oil inventories decreased by 0.7 million barrels to 488.0 million barrels