Natural gas prices in the United States fell to a 30-month low last week, dropping to $2 per mmBtu. And, while some producers have curbed drilling, the surplus isn’t going away anytime soon.
The European Commission on Monday proposed extending the emergency measure which targets a 15% reduction in the bloc’s natural gas consumption by another 12 months to the end of the 2023/2024 winter heating season.
Europe’s natural gas demand fell by the most on record last year, with the decline equivalent to the gas volumes required to supply more than 40 million homes, the International Energy Agency (IEA) said in a commentary on Tuesday.
Natural gas flaring is a significant contributor to greenhouse gas emissions and environmental concerns.
The partners in the Leviathan project believe it is the largest natural gas reservoir in the Mediterranean and one of the largest producing assets in the region.
Oil and gas companies had a record year in 2022 and continued to improve their positions in the eyes of investors.
Earlier this month, the benchmark price for U.S. natural gas fell below $3 per million British thermal units for the first time in almost two years. Forecasts are that it will remain below $3 until at least the middle of the year.
The Legislature has shifted into high gear, and it is at this moment – as work and priorities unfold – that lawmakers and the public must remain focused on addressing New Mexico’s budgetary over-dependence on fossil fuels.
The oil and gas market in the Middle East is not immune to global uncertainty, and its outlook is often determined by external factors
Colorado’s U.S. senators and their New Mexico counterparts are calling on the Bureau of Land Management to follow the lead of the two states by eliminating routine venting and flaring from oil and gas operations on public and tribal lands.