Gas flows from Libya to Italy have resumed after an interruption that lasted about two weeks due to a vast restructuring of the Mellitah plants, located on the North African coast.
According to a new report from Baker Hughes Co., the US natural gas sector is rapidly pulling drilling rigs from the field due to oversupply conditions that have led to a collapse in natural gas prices over a nine-month period. Baker Hughes reported Friday that exploration companies reduced rigs by 16 to 141 this week. […]
Mild spring weather with low gas demand combined with pipeline maintenance to drag spot natural gas prices at the Waha hub in West Texas into negative territory this week.
Back in late March, the EU Council reached an agreement to extend voluntary 15% gas demand reduction targets because “The EU is not completely out of the energy crisis and Russia continues to use energy as a weapon.”
Natural gas has been hailed as the bridge between a fossil fuel past and a low-carbon future. It has also been demonized as a Trojan horse for the fossil fuel industry to continue to be relevant in that low-carbon future envisioned by the architects of the transition.
A court in the Netherlands has suspended a project for natural gas drilling and extraction in the North Sea due to potential environmental damage.
Russian plans to increase natural gas exports to China by almost 50 percent this year, Deputy Prime Minister Alexander Novak has said.
Environmentalists are up in arms over apparent slack added to the Group of Seven’s energy and environmental goals, after ministers decided that the ‘war in Ukraine and its effects on oil and gas’ warrant breaking what are supposed to be ‘firm commitments’ that climate advocates say are necessary to limit global warming.
Natural gas futures jumped by 8% Monday morning as weather models suggested cooler temperatures in the U.S.
From a position of relative obscurity less than a decade ago, U.S. natural gas and liquefied natural gas (LNG) export capacity has expanded rapidly since the Lower 48 states first began exporting LNG in 2016.