Tag Archives: natural gas

Oil prices are rising⁠ and pipeline stock dividends are rising. Here’s how to play it.

Sanctions on Russia are shaking up global energy markets, pushing crude oil above $100 a barrel and pushing U.S. gasoline prices to an average of $4.30 a gallon, up almost 50% last year. He also made the energy sector a superstar this year. Of the 11 sectors of S&P500, energy …

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Bulgaria won’t discuss renewal of gas deal with Gazprom

A 3D printed gas pipeline is placed in front of the Gazprom logo displayed in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register SOFIA, March 19 (Reuters) – Bulgaria will not enter into negotiations with Russian energy giant Gazprom to renew …

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Portugal seeks to position itself as Europe’s ‘new gas gateway’ – EURACTIV.com

The European Union will find it difficult to reduce its dependence on Russian gas, but must do so to avoid possible supply shortages next winter, a Portuguese minister said on Wednesday March 16, adding that Portuguese imports of natural gas liquefied (LNG) could help. Russia supplies around 40% of the …

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‘It’s a fossil fuel war’: Ukraine’s top climate scientist speaks out

This story was originally published by the Guardian and is reproduced here as part of the Climate office collaboration. For Svitlana Krakovska, Ukraine’s top climate scientist, it was the week when eight years of work culminated in a landmark UN report exposing the devastation the climate crisis is causing around …

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Turkey could ‘easily’ send Israeli gas abroad: Dönmez

Israel’s natural gas could be “easily” transported abroad through Turkey’s pipeline network, Energy and Natural Resources Minister Fatih Dönmez said on Saturday. “We already have a national transport system on our territory. Some of the (Israeli gas) can be easily transferred from there,” Fatih Dönmez told private broadcaster CNN Türk. …

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Gas shortage worsens in Peshawar

PESHAWAR: Residents of the provincial capital are facing many problems due to the shortage of Sui gas but the authorities concerned are less concerned with alleviating their suffering. Residents of the Peshawar cantonment have complained that they have faced a suspension of natural gas for the past four days. Residents …

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Repercussions of the Russo-Ukrainian War on Africa

The transformation of the Russian invasion of Ukraine’s Donbass region into an all-out war on February 24 has raised global economic and security concerns. In this context, the reactions of African countries to the Russian intervention, how the Russian-Ukrainian war will affect Russia’s African policies, and general reflections of the …

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Oil prices rise as fears over Russian crude supply escalate

Oil prices continued to climb on Wednesday as markets braced for severe disruptions in crude supplies from Russia as Moscow’s invasion of Ukraine continues. The global benchmark, Brent crude, climbed as high as $113 a barrel on Wednesday, just days after breaking the triple-digit mark for the first time in …

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ESG and Article 8 funds face questions over Gazprom holdings

State-owned companies were often a thorn in the side of long-lasting investors, but Russia’s invasion of Ukraine is drawing attention to names like Gazprom. The company is both a champion of the Russian state and a dominant force in the European energy market. However, measures taken by Western countries, such …

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What will happen if Russia cuts gas supplies to Europe?

Gas prices in Europe soared as Russia launch a military operation in Ukraine. Air raid mermaids sounded in the Ukrainian capital of Kiev last week as President Vladimir Putin ordered an attack on several cities – with missiles and troops sent into the country. Videos captured by eyewitnesses show long …

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Commodities Rise as Russia Invades Ukraine: Major Oil, Aluminum, Palladium and Nickel Price Spikes

Editor’s Note: With such volatility in the markets, stay up to date with daily news! Get our quick roundup of today’s must-see news and expert opinion in minutes. Register here ! (Kitco News) – In a highly volatile session following Russia’s attack on Ukraine, the commodities sector surged, …

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The pros and cons of using natural gas to power Cayman Islands

Over the years, natural gas has been recommended as an alternative fossil fuel. Even in the local monopoly’s integrated resource plan, natural gas is sought as a substitute for diesel fuel. However, natural gas has advantages and disadvantages which, when discussed, must be explained in a fair and balanced manner. …

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Oil prices swing as Russia threatens Ukraine

Uncertainty sent oil prices soaring at Sunday’s trade open as more Russian troops massed on Ukraine’s borders, but fell later overnight as reports said the President Biden would consider direct talks with his Russian counterpart as long as Russia does not invade. Oil prices had remained essentially flat over the …

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Analysts Warn of NorthWestern Crossing Yellowstone River Pipeline | State and Region

River experts warn of the location of a proposed gas pipeline under the Yellowstone River near Laurel. In a report filed with Yellowstone County this week, Water Rights Inc. raised concerns about the southward migration of the river into the proposed Byron Pipeline crossing area. Byron is intended to cross …

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How a Russian-Ukrainian conflict could affect global markets. 5 points

Below are five charts showing where a potential escalation in tensions could play out in global markets: 1/SHELTERS A major risk event usually sees investors rush into bonds, generally considered the safest assets, and this time may be no different, although a Russian invasion of Ukraine is likely to push …

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Punjab will get cheaper gas

ISLAMABAD: Punjab, the gas-starved province, is set to receive a cheaper gas supply after the Senate passed a bill on Thursday to implement the weighted average cost of gas (Wacog). In addition, the law will help the government reduce circular debt in the gas sector while the share of liquefied …

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Russia is ready to send more gas to Italy

Russian President Vladimir Putin has told Italian Prime Minister Mario Draghi that Russia is ready to supply more natural gas if Italy needs it, Russian Ambassador to Italy Sergei Razov said Thursday during a Italian-Russian business forum in Milan. Russia is Italy’s largest natural gas supplier. In December last year, …

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russia: Explained: How much oil, gas and coal India imports from Russia

LONDON: As the Ukraine-Russia crisis escalates and threatens to ignite conflict in Europe, analysts warn there could be implications for Asia, where several countries depend on Russia for oil, gas and coal. Any invasion of Ukraine by Russian troops could trigger sanctions and retaliation that would disrupt the movement of …

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Investing in natural gas boosts union jobs and lowers prices

As New England and the rest of the Northern Hemisphere face a harsh winter, with a dramatic tightening of energy supplies around the world, consumers brace for what will likely be lower gas bills, d electricity and heating high for the rest of the season. Boasting vast reserves of natural …

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Net oil profit jumps 37% in third quarter, Auto News, ET Auto

The OIL Board has declared a second interim dividend of Rs 5.75 per share for 2021-2022 resulting in a total interim dividend to date of Rs 9.25 per share for exercise. New Delhi: State-owned Oil India Ltd reported a 37% increase in third-quarter net profit on Friday as it benefited …

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SHELL MIDSTREAM PARTNERS, LP RECEIVES OFFER FOR REMAINING UNITS OF SHELL PIPELINE COMPANY LP

HOUSTON, February 11, 2022 /PRNewswire/ — Shell Midstream Partners, LP (NYSE: SHLX) (“SHLX” or the “Partnership”) announces that it has received a non-binding preliminary proposal letter from Shell Pipeline Company LP (“SPLC”) to acquire all of the issued and outstanding ordinary shares of the Partnership that are not already held …

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US pipeline company Williams hires LNG executives for new marketing arm

HOUSTON, Feb 9 (Reuters) – U.S. natural gas pipeline operator Williams Companies has hired two senior executives to set up a liquefied natural gas (LNG) marketing operation, according to profiles of employees and people familiar with the matter. New LNG production capacity this year will bring U.S. processing capacity to …

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West Virginia State Tax Department May Retry Natural Gas Valuation Rule | News, Sports, Jobs

AP Photo – A natural gas well is seen across the Monongahela River from Morgantown in this 2011 file photo. CHARLESTON — A bill being considered by the House Finance Committee Monday afternoon would give the state tax department another attempt at crafting a rule to …

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Explanation: what happens to Europe’s energy if Russia acts?

Fears are growing about what would happen to Europe’s energy supply if Russia were to invade Ukraine and then halt natural gas exports in retaliation for US and EU sanctions. The tensions show the risk of Europe’s dependence on Russia for energy, which provides around a third of the continent’s …

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Putin unveils new gas deal with China’s Xi as Moscow clashes with West

Russia, already Beijing’s third-largest gas supplier, has strengthened its ties with China, the world’s largest energy consumer, reducing its dependence on its traditional European energy customers. “Our tankers have prepared very good new solutions on hydrocarbon supply to the People’s Republic of China,” Putin said during a meeting with Xi …

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Oncor closely monitors North Texas power lines as freezing weather sets in

DALLAS – Conditions in Dallas keep changing as it gets later. So far, there have still been no significant power outages in North Texas. Just over 2,100 customers without power in Dallas County. There are a handful in Denton, Tarrant and Collin counties. Many North Texans have been anxious all …

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Russian natural gas production is expected to hit a record high this year

Russia’s natural gas production is expected to hit a record high this year, breaking the 2021 record, but this winter’s deliveries to Europe have been well below normal. In 2021, Russia’s natural gas production is expected to have risen 10% year-on-year to a record 762 billion cubic meters (bcm), the …

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Where is the outrage of environmentalists over the Nord Stream 2 gas pipeline?

Through Rick Whitbeck Update: 1 One hour before Published: 2 hours ago FILE – Pipes are stored in Sassnitz for the Nord Stream 2 gas pipeline from Russia to Germany in Sassnitz, Germany December 6, 2016. Russia’s gas pipeline to Europe is built and ready to flow. But not so …

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How climate and the Nord Stream 2 gas pipeline underpin the standoff between Ukraine and Russia

As tensions simmer on the border between Ukraine and Russia, the Nord Stream 2 gas pipeline has become the emblem of the energy and climate issues underlying the conflict, even if it has not yet delivered a molecule of natural gas. Last week, the US State Department promised that Gazprom’s …

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Hungary will seek more Russian gas amid energy crisis, says Orban

BUDAPEST, Jan 28 (Reuters) – Hungary will seek to increase the amount of gas it receives from Russia in talks with President Vladimir Putin next week, Prime Minister Viktor Orban said on Friday. Hungary, a member of the European Union and NATO, concluded a new long-term gas supply agreement with …

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Nord Stream 2 opens German subsidiary to gain regulatory approval

The operator of the controversial Nord Stream 2 gas pipeline linking Russia to Germany has created a German subsidiary to bring the project into line with German legislation. Nord Stream 2 AG said in a statement on January 26 that the subsidiary, Gas for Europe GmbH, would become the owner …

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The Hype Around Carbon Capture Is Causing Problems

After years of promoting carbon capture and storage (CCS) technologies as a mid-term solution to clean up fossil fuel production, many are now concerned about the caliber of CCS projects currently underway. As oil companies around the world rush to integrate CCS into their operations, to decarbonize without giving up …

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How Putin’s $11 billion pipeline divided NATO and the EU in times of crisis

The United States, United Kingdom, Ukraine and several European Union member states have fiercely opposed the pipeline since it was first announced in 2015, warning that the project would boost Moscow’s influence in Europe. According to experts, this in itself is a victory for Russian President Vladimir Putin. Kristine Berzina, …

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Abandoned Power Plant In Armenia Will Host Cryptocurrency Mining Farms – Mining Bitcoin News

Armenia will invite cryptocurrency miners to install their coin minting equipment in an old thermal power plant. The TPP will be decommissioned and the government intends to lease it to industrial companies, including mining companies. Miners are welcome to set up data centers in the former TPP in Armenia Hrazdan’s …

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Oil may rise as Putin approaches Ukraine

Mike Waltz, R-Fla., speaks on Biden’s cancellation of U.S. pipelines and growing tensions at the Russia-Ukraine border. As Russian President Vladimir Putin moves closer to Ukraine, global energy markets face a potentially seismic event threatening a global economic downturn. Teleprinter Security Last Change Change % USO US OIL FUND LP …

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Russian media elevates Putin from ‘mafia boss’ to genius

On January 13, many Russian news agencies and media reported that a prominent former US consultant called President Vladimir Putin the most brilliant leader on the world stage. The reports were based on an analysis written by geopolitical strategist Harald Malmgren and published on January 13 on a British website. …

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Eastern Europe has a bitcoin problem

As Europe continues to grapple with an energy crisis caused by skyrocketing demand for liquefied natural gas, a tight global energy supply, and Putin keeping pipelines at low capacity as gas-rich Russia gains political ground, Another sleeping giant has emerged to become a huge and surprising obstacle to the continent’s …

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Varney: Here’s what happens when you shut down pipelines

FOX Business host Stuart Varney says it’s time for Biden to “change course.” Varney & Co. host Stuart Varney discusses Biden’s next challenge as inflation targets the energy sector, saying that’s what happens when the president closes pipelines during his “My Take” on Tuesday. STUART VARNEY: Energy price inflation has …

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Megha pips Adani, lands gas licenses for 15 regions across India | Hyderabad News

HYDERABAD: Megha Engineering and Infrastructures Ltd (MEIL), a Hyderabad-based infrastructure company, won the most licenses across India for city gas distribution in the latest tender. Megha also edged out Adani Total Gas. The MEIL would have won calls for tenders for 15 geographical areas (GAs), representing almost a quarter (24.6%) …

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Polskie Grnictwo Naftowe i Gazownictwo SA: Arbitration between Gazprom and PGNiG regarding the contract price under the Yamal contract

On January 14, 2022, Polskie Górnictwo Naftowe i Gazownictwo received notice of arbitration before the ad hoc Arbitral tribunal in Stockholm of the lawyer of PAO Gazprom and OOO Gazprom Export of arbitration. The notice includes a request to revise the contract price of natural gas supplied by Gazprom on …

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OPEC Plus and other oil producers fail to meet demand

Nearly two years ago, global oil producers halted and drastically reduced production as the pandemic gripped global economies. The sharp decline was accompanied by an implicit promise that as factories reopen and planes return to the air, the oil industry will also rebound, gradually ramping up production to help economies …

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How much did Texas Oil pay in taxes in 2021? | Rigzone

The Texas oil and gas industry paid $15.8 billion in state and local taxes and state royalties in fiscal year 2021, according to recently released data from the Texas Oil & Gas Association (TXOGA). , which were sent to Rigzone. That figure translates to well over $43 million a day, …

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Public Joint Stock Gazprom: Upon conclusion of a major transaction by an entity controlled by the issuer and materially material to the issuer (PDF, 64.2 KB)

STATEMENT OF MATERIAL FACTS AT THE CONCLUSION OF THE MATERIAL TRANSACTION BY ENTITY CONTROLLED BY THE ISSUER AND MATERIALLY IMPORTANT FOR THE ISSUER 1. General information 1.1. Full legal name (for a business entity) or Gazprom Public Joint Stock Company name (for a non-profit organization) of the issuer 1.2. Sender …

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Can the world avoid a global oil supply crisis?

Europe’s gas crisis has been in the headlines for months now, and for good reason – the continent is still struggling to get enough power for its winter needs. But there could be a worse crisis threatening the world, and that would be an oil crisis. The signs are there …

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Council of State Approves Public Service Values ​​and Reduced Tax Rates | News, Sports, Jobs

CHARLESTON – Members of the West Virginia Public Works Council on Wednesday approved reduced property values ​​and tax rates for key state utilities. The Public Works Council met in the governor’s office and boardroom to establish final utility company assessments for the 2022 tax year and certify tax rates on …

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Dividends recover for Saudi Arabia’s 10 biggest companies after pandemic

LONDON: Greta Thunberg’s bitter sacking of world leaders for their promises to fight global warming as ‘blah, blah, blah’ was not what it turned out, too far off target in 2021. Despite serious commitments from Washington to Beijing to reduce fossil fuel consumption and reduce global heating emissions, demand for …

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Steel Pipe Oil And Natural Gas Drilling And Transmission Market Recent Developments And Emerging Trends Until 2027

Growth Forecast Report on ‘Market Size of Oil and Natural Gas Drilling and Transmission Steel Pipe | Industry segment by applications (drilling, transmission, regional and country level analysis, the oil and natural gas drilling and transmission market is analyzed and market size information is provided by regions (countries) ., Key …

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Kremlin realizes £ 20bn windfall as gas bills soar

The Russian state has raised £ 20 billion this year from its financial stake in the country’s gigantic gas supplier Gazprom, as energy prices and UK household bills hit critical levels. Russia, which has been accused of worsening the crisis by cutting gas exports despite frenzied global demand, owns half …

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Southwest Gas Holdings Completes Acquisition of Questar Pipeline from Dominion Energy

LAS VEGAS, December 31, 2021 / PRNewswire / – Effective today, Southwest Gas Holdings, Inc. (NYSE: SWX) has completed the acquisition of Dominion Energy Quester Pipeline, LLC, and its subsidiaries and certain affiliates (collectively ” Questar Pipeline Entities ”). Southwest Gas Holdings, Inc. has also created a new subsidiary called …

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Yemen calls on UN Security Council to hold Saudi Arabia and its arms suppliers to account for devastating war

Yemeni National Salvation Government Foreign Minister Hisham Sharaf Abdullah called on the UN Security Council to hold Saudi Arabia and its arms suppliers to account in accordance with international law for their crimes of war in this Arab country in crisis. Abdullah, in identical letters to rotating Security Council President …

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Putin: new pipeline to Germany could help cut prices

MOSCOW (AP) – Russian President Vladimir Putin said on Wednesday that a new gas pipeline to Germany was completely filled with natural gas, noting that it could help quickly reduce soaring energy prices in Europe. The $ 11 billion Nord Stream 2 pipeline is currently awaiting approval from Germany and …

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Conditional gas supply to the textile sector approved – Journal

ISLAMABAD: After a month-long standoff, the government agreed on Monday to provide 50% gas to textile manufacturers for cogeneration to the extent possible, on condition that they waive their suspension orders in writing and have their energy audits carried out. Energy Minister Hammad Azhar said Dawn that a government team …

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Gazprom accuses Western Europe of gas shortage in EU

A spokesman for Russian energy monopoly Gazprom, Alexei Kupriyanov, said the latest natural gas shortage in Western Europe was the result of lack of bids, rather than Gazprom’s fault. As Ukrinform reports with reference to Radio Svoboda, Kupriyanov said, speaking on one of the Russian TV channels. “All the accusations …

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Missouri gas company has found a way to keep its illegal pipeline in service

Thousands of Missourians received an alarming email from their utility company last month: Unless federal regulators allow a new pipeline in the area to continue operating, up to 400,000 residents of St. Louis could be without heating this winter. The message came from Spire Missouri Inc., a natural gas utility …

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Southeast Asia’s Oil and Gas Production May Never Return to Pre-COVID Levels

The Covid-19 pandemic marked the end of an era for combined oil and gas production in Southeast Asia, pushing the region’s production in 2021 to less than 5 million barrels of oil equivalent per day (bepj) for the first time since 1998, a threshold that should not be exceeded again …

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Europe’s missteps fuel gas prices, Russia says as fuel flows east

A view shows the gas wells of the Bovanenkovo ​​gas field owned by Gazprom on the arctic peninsula of Yamal, Russia, May 21, 2019. REUTERS / Maxim Shemetov Register now for FREE and unlimited access to Reuters.com Register The price of gas in Europe hit a record high this week, …

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New rules to speed up reductions in oil and gas emissions in Colorado OK’d

Colorado air regulators have adopted a broad set of rules to reduce methane emissions from oil and gas operations, including a controversial program, the first in the country, giving the industry more leeway to determine how Reduce the pollution. The “intensity program”, under which operators will have to reduce emissions …

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14 dead, many injured in massive explosion in Pakistani city of Karachi

At least 14 people were killed and 12 others injured on Saturday in Karachi, the financial capital of Pakistan, when a powerful explosion, apparently triggered by a gas explosion in a covered sewer canal, ravaged a bank building that was there, police said. Most of the victims are believed to …

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US demands higher safety standards for more pipelines | Michigan News

By JOHN FLESHER, AP Environmental Writer TRAVERSE CITY, Mich. (AP) – New federal regulations require stricter safety standards for pipelines transporting oil and other dangerous liquids through the Great Lakes region, coastal waters and beaches, said Thursday responsible. The rule issued by the United States Pipeline and Hazardous Materials Safety …

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New York’s gas ban puts the fight against climate change in the kitchen

Con Ed, along with supporters like the Urban Green Council, a nonprofit group that promotes sustainable construction, argued during council hearings that the city’s network could handle the increase, in part because its biggest constraints come in summer, from air conditioning. The switch to electric heating actually has the potential …

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Moldovan President EXCLUSIVE to Russia: joining the EU is our choice

Moldova urges Russia to follow pro-Western path President to challenge Russian gas debt demands President wants Western help to catch criminals BRUSSELS, December 14 (Reuters) – Moldova aspires to join the European Union and the former Soviet republic has told Russia it is its choice, Moldovan President Maia Sandu said …

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As New York City plans to ban gas connections to buildings, fight against North Brooklyn pipeline continues: Bushwick Daily

This week, the New York City Council is expected to pass a bill banning gas hook-ups in new buildings, a big step towards electrifying New York City. Twenty-nine of 51 city council members sponsored the bill, which would effectively eliminate all gas stoves, gas ovens, and gas water heaters in …

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SNGPL refrained from charging high gas tariffs to the textile industry

LAHORE: The Lahore High Court granted provisional measures to 78 textile units against the high gas tariff introduced by the government and ordered Sui Northern Gas Pipelines Limited (SNGPL) to issue revised invoices at a preferential tariff of 6 , $ 5 / mmbtu. The petitioners had challenged the increase …

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Energy transfer increases natural gas and petroleum capacity with licensing acquisition completed

Dallas-based Energy Transfer LP owns and operates an additional 14,000 miles of gas and oil pipelines in Arkansas, Louisiana, Oklahoma and Texas after completing its merger earlier this month with Enable Midstream Partners LP. The $ 7.2 billion merger, first announced in February, strengthens intermediate transportation and gas systems in …

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Is shale gas a game-changer for Saudi Arabia?

The first major contracts for Saudi Arabia’s Jafurah field – allegedly the largest shale gas field outside the United States – were awarded last week, as the Kingdom aims to become the third largest gas producer natural to the world by 2030, to the point where it could even become …

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Most localities with low to zero gas pressure

Rawalpindi: The government’s plan to provide natural gas to domestic users at least to prepare three meals failed because the natural gas supply to domestic consumers has disappeared from more than 80% of the city’s localities and cantonment areas . Long queues of people could be seen in all the …

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Natural gas bulls hit hard by warm weather reports

U.S. natural gas futures were down for the fourth session on Thursday, quickly falling into a bear market as bullish bets evaporate in warmer weather. Sentiment in the US natgas markets looks a lot like 2018/19 when the so-called “widower” spread widened and then quickly tightened, leading to the explosion …

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Russian gas is not a silver bullet for the European spot market

MOSCOW: The longer natural gas prices remain at record highs in Europe this year, the more markets feel that Russian gas should not be seen as a quick fix to the problem, at least not until the end of this winter.“Overall gas production in Russia in the three quarters of …

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Utah joins 14 other states in banking boycott of coal, oil and gas

An undated image of oil drilling in the United States The Utah treasurer and auditor signed a letter in November asking US banks to avoid “boycotts” of financing for coal, oil and gas projects. (Thaiview, Shutterstock) Estimated reading time: 5-6 minutes SALT LAKE CITY – The Utah treasurer has said …

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Oil-producing countries sell billions of green bonds

It wasn’t that long ago that green investing was associated with a warm moral glow, but it wasn’t the mainstream – not by far. However, growing climate awareness, growing policy change, and investors demanding environmentally and socially conscious options are transforming this, and while this is still not mainstream, it …

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CER publishes regulatory decision on main contracts

CALGARY, AB, November 26, 2021 / CNW / – Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today received a decision from the Canadian Energy Regulatory Authority (CER) regarding the commercial proposal of the Company to offer transportation contracts on its main pipeline system, which moves approximately 3 …

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Russia grants Moldova 2-day extension to make gas payments

Posted on Wednesday, November 24, 2021 | 9:08 a.m. Updated 7 hours and 8 minutes ago BUCHAREST, Romania (AP) – Russian gas giant Gazprom has granted Moldova a two-day extension to settle overdue payments of nearly $ 74 million, withdrawing on Wednesday from a threat to cut gas exports to …

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Prepare for volatility in natural gas markets

U.S. natural gas price volatility is expected to continue over the next several weeks and into the winter as a number of up and down factors will alternate to affect market sentiment and prices. Record US exports of liquefied natural gas (LNG) are expected to support the benchmark price of …

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Our fight against climate change begins with the export of American natural gas to replace coal

GLASGOW, SCOTLAND – NOVEMBER 02: US President Joe Biden speaks during action on forests and land … [+] Use the event on day three of COP26 on November 2, 2021 in Glasgow, Scotland. 2021 will see the 26th United Nations Climate Change Conference. The conference will run from October 31 …

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LNG Tanker Rates Hit All-Time Highs Due to Growing Demand

Asia is sourcing liquefied natural gas (LNG) to avoid a repeat of last winter’s crisis when colder than usual temperatures sent LNG spot prices in winter 2020/2021 to record highs. Today, prices are even higher, but many Asian buyers are still in the spot market despite the high price of …

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The energy freakout in Europe – POLITICO

Press play to listen to this article There is a leak on camping stoves on Spain’s Balearic Islands, while a key energy analyst says there could be gas shortages. This is proof that Europe’s energy emergency is not over. Energy prices have climbed to the top of the political agenda …

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The energy crisis in Europe will worsen this winter

Geopolitics ExxonMobil and Qatar Petroleum are several weeks away from a resumption of exploratory drilling off Cyprus, while the French Total SA and the Italian Eni should resume drilling in the same area in the first half of 2022. This update of the Drilling from the Cypriot government prompted a …

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US FERC investigates two cases of market manipulation during February freeze in Texas

Nov. 18 (Reuters) – The U.S. Federal Energy Regulatory Commission (FERC) said on Thursday it referred two cases of the February freeze in Texas to its investigations division to look for possible market manipulation or d other violations. FERC said its analysis and monitoring division looked at wholesale natural gas …

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Global Natural Gas Pipeline Market Financial Insights 2021, Company Growth Strategies, Trends

The World Report Gas pipeline market has been provided by researchers for a detailed understanding of the market performance over an estimated period of 2021 to 2026. However, this report has introduced a brief overview to provide the reader with better insight into this report. This brief description contains a …

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Saudi Arabia denies playing climate saboteur in Glasgow

GLASGOW, Scotland: The tightest of smiles on his face and the fabric of his traditional thobe swirling around him as he walks through a hallway during UN climate talks, the Saudi Energy Minister voices his shock at repeated complaints that the world’s largest oil producer is working behind the scenes …

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When it comes to transmission, and greater authority from FERC in general, be careful what you want

The following is an article written by Michael McKenna, president of MWR Strategies, who advises utilities, traders and transportation companies. McKenna previously served as Deputy Director of the White House Office of Legislative Affairs under Donald Trump and advised the President on energy, environmental and other matters. While some in …

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Black Hills Corp. Iowa Gas Utility Reaches Settlement Agreement for Rate Revision

GRIMES, Iowa, November 08, 2021 (GLOBE NEWSWIRE) – Black Hills Corp. (NYSE: BKH) announced today that its Iowa natural gas utility, Black Hills / Iowa Gas Utility Company, LLC, doing business as Black Hills Energy, has reached an agreement with all parties intervening in its rate review for a general …

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Russian gas flows through the Yamal-Europe pipeline to Germany are again interrupted

A view shows pipelines near a gas processing facility, operated by the Gazprom company, at the Bovanenkovo ​​gas field on the arctic Yamal peninsula, Russia, May 21, 2019. Photo taken on May 21, 2019. 2019. REUTERS / Maxim Shemetov MOSCOW / FRANKFURT, Nov 6 (Reuters) – Gas flows through the …

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COP26: United States joins 90 countries in pledging to reduce methane emissions; Coal deal with South Africa announced

President Biden and other world leaders have left Glasgow and the UN climate summit as the third day kicks off closed-door negotiations on how to tackle the climate catastrophe. On Tuesday, 90 countries agreed to reduce their methane emissions by 30% by 2030. It is Biden who announces the commitments …

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Moldova to get 3 billion m3 of gas per year under new deal with Russia | Oil and Gas News

The deal follows a protracted dispute after Russian company Gazprom offered a massive price hike. Moldova will receive around three billion cubic meters (m3) of gas per year under a new contract with Russian state gas company Gazprom, the country’s deputy prime minister said. Andrei Spinu’s announcement on Monday came …

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Oil majors envision big gains in Africa

The optimistic response to a recent discovery in Côte d’Ivoire by Italian oil giant Eni, the first major discovery in the country in two decades, suggests that many African states are not yet ready to ditch fossil fuels and switch to renewable energies. In September, Côte d’Ivoire announced a major …

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Saudi Aramco Sees Revenue Increase to $ 30.4 Billion in Third Quarter | WJHL

through: ISABEL DEBRE, Associated Press Posted: Oct 31, 2021 / 6:53 AM EDT / Update: Oct 31, 2021 / 6:53 AM EDT FILE – In this file photo from June 28, 2021, engineers and journalists at Saudi Aramco examine the Hawiyah natural gas liquids recovery plant, which is designed to …

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Biden pushes G20 energy-producing countries to increase production

ROME, October 30 (Reuters) – US President Joe Biden on Saturday urged key G20 energy-producing countries with slack capacity to step up production to ensure a stronger global economic recovery amid a broader effort to put pressure on OPEC and its partners to increase oil supply. With soaring oil and …

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Gazprom and Moldova sign 5-year gas agreement

MOSCOW, October 30 (Reuters) – Russian natural gas giant Gazprom and the Moldovan government announced on Friday that it had signed a new five-year contract for the supply of Russian gas. “Gazprom and MoldovaGaz have extended a five-year Russian gas supply contract, effective November 1, 2021, on mutually beneficial terms,” …

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Putin’s order to pump gas to Europe drives prices down

MOSCOW – European gas prices fell on Thursday after Russian President Vladimir Putin asked the country’s main natural gas company to pump more gas into EU storage sites. Gas prices in Europe have skyrocketed in recent weeks amid strong demand in Asia, driven by the economic recovery from the pandemic …

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Refining margins hit multi-year high

Refining margins, the crack spread of Nymex gasoline, were trading above $ 16 a barrel on Thursday, their highest level since 2017, Bloomberg said Thursday. The crack spread is the difference between the price of crude oil and the price of refined products, which include gasoline, distillates, diesel, and jet …

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European climate and infrastructure agency plans to end fossil fuel projects – EURACTIV.com

The director of CINEA, a newly created EU agency that manages € 55 billion in EU funding for clean energy and transport, told EURACTIV about the challenge of ending fossil fuel projects entirely , claiming that coal and natural gas assets “aren’t just going to go away.” And must be …

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Gazprom and Uzbekistan discuss joint projects

Background Gazprom’s main partner in Uzbekistan is Uzbekneftegaz, specializing in the exploration, production, processing, transport, storage and marketing of oil and gas. In 2017, Gazprom and Uzbekneftegaz signed the strategic cooperation agreement. In May 2018, the companies signed Complementary Agreement No.2 to the production sharing agreement for the follow-up development …

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TC Energy of Canada sets net zero roadmap

TC Energy of Canada sets net zero roadmap Canadian energy infrastructure giant TC Energy released a new emissions reduction plan on October 26, setting out a roadmap it says would reduce its greenhouse gas (GHG) intensity by 30%. by 2030 and put it on track for net zero emissions from …

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What is behind Saudi Arabia’s pivot to natural gas?

Saudi Aramco’s request for bids from local and international companies for the construction of a water desalination plant project in the Jafurah shale gas field highlights the Kingdom’s claims to be at the forefront of the global energy transition to cleaner energy through reduced carbon emissions. As with many of …

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Why isn’t SpaceX planning to use renewable electricity on the Starbase?

Right now, the FAA is gathering public comment on SpaceX’s environmental review of the upcoming Starship Orbital launch. While I generally support space exploration and hope SpaceX is successful, it is important to consider the environmental impacts of space activities and find ways to reasonably minimize the environmental impacts. Your …

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Turkmen leader and Russian leader Lukoil discuss energy projects

Turkmen President Gurbanguly Berdimuhamedow expressed his country’s willingness to strengthen the partnership with Russia in the field of oil and gas in the Caspian Sea. “Turkmenistan attaches particular importance to the digitization of the oil and gas sector, the introduction of innovative environmentally friendly technologies, as well as the latest …

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NRL signs “Right of Use” pipeline sharing agreement with Indradhanush gas network

Guwahati: Numaligarh Refinery Limited (NRL) signed a pipeline “Right of Use (RoU)” sharing agreement with Indradhanush Gas Grid Limited (IGGL), which is a joint venture of NRL with Indian Oil Corporation (IOCL), Oil & Natural Gas Corporation (ONGC), Gas Authority of India Limited (GAIL) and Oil India Limited (OIL), Thursday. …

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