Baker Hughes, a provider of oilfield services, beats Q2 earnings estimates
Baker Hughes reported a stronger-than-expected second quarter as the oilfield ?services and energy technology company benefitted from brisk demand ?for LNG equipment, gas infrastructure and power generation projects tied to ?growing electricity needs. Earnings per'share' were 64 cents.
EUROPE GAS-EU Gas prices stable as market waits for progress on Iran talks
Dutch and British wholesale gas prices were unchanged on Friday morning, as the markets continue to wait and see what happens with peace talks between Iran and the United States. Meanwhile, a heatwave is boosting prices in Europe. By 0847 GMT the benchmark Dutch front-month contracts…
EUROPE GAS-European Gas Prices Stable as US-Iran Peace Talks conclude
Dutch and British wholesale gas prices were stable on Thursday morning after Qatar said Iran and the U.S. made progress in indirect discussions focused on the Strait of Hormuz, while low gas storage levels continue to support the market. ICE data revealed that the benchmark Dutch…
Firefighters say that the Petrochemical Complex in Venezuela has restarted following the earthquake.
The local chief of fire fighters said that the?Moron Petrochemical Complex in Venezuela, the second largest in the country, would restart?on Friday?after an?preventive shut down due to earthquakes which caused damage to infrastructure. The quakes, which killed more than 160 people…
EUROPE GAS-European Gas Prices Fall as Supply Risk Eases
As a result of the easing of'supply risk,' and the fact that more vessels are passing through the Strait of Hormuz and Qatari energy minister has stated an explosion at the Barzan Gas Facility will not affect LNG imports, the benchmark?Dutch wholesale gas - prices fell on Tuesday.
EUROPE GAS-European gas prices rise on warmer weather
Dutch and British gas contract prices firmed up on Monday, as warmer weather is expected in Central Europe. This will increase demand for gas. Ship tracking also showed that gas tankers are trying to cross the 'Strait of Hormuz' during the peace talks between the U.S. ICE data…
EUROPE GAS - Prices fall on Iran and US peace deal but recovery pace is now key
Dutch and British natural gas contracts dropped?around 5 percent on Monday morning on the?news that the U.S. will end its war with Iran and reopen Strait of Hormuz. However, the timing of when Gulf production could recover is still unclear. Intercontinental Exchange data showed…
EUROPE GAS - Prices range bound as US and Iran trade attacks for a second day
Norwegian field maintenance will cut?supply. LONDON, JUNE 11 - Dutch and British natural gas wholesale contracts traded in a narrow range Thursday morning as the United States and Iran exchanged air attacks for the second day straight, with President Donald Trump vowing to launch…
Prices for Europe GAS are slightly firmer due to renewed Middle East tensions and Norway maintenance
The Dutch and British natural gas contracts were slightly firmer Wednesday morning, as new attacks between the U.S.A. and Iran dampened hopes for a peace agreement and as Norwegian exports of gas are expected to fall due to an increase in maintenance outages. Data from the Intercontinental…
Bulgarian Expansion of Gas Infrastructure Remains on Schedule
Bulgaria's works to expand its energy infrastructure as part of a planned new route to carry gas between Greece and Ukraine are making progress and are running on schedule, Prime Minister Rumen Radev said on Thursday.Seeking to counter the influence of Russian oil and gas in southern Europe, the United States last year signed a long-term deal
EUROPE GAS - Price rises as Iran War hostilities flare up, LNG supply is tightened
Dutch and British wholesale natural gas contracts increased?on Wednesday morning? as new strikes in the Gulf clouded the outlook for a peace deal, the reopening of Strait of Hormuz as well as the possibility of a strike by Australian workers that could further reduce global LNG supply.
EUROPE GAS-European Gas Prices Rise after US and Iran Exchange Strikes
Dutch and British wholesale gas contracts rose Monday morning, after Iran and the United States exchanged strike?and Israel sent?troops?deeper?into Lebanon to fight Tehran-backed Hezbollah. Data from Intercontinental Exchange (ICE), showed that the benchmark Dutch front-month…
Equinor: Europe's gas reserves could be critical if Hormuz is closed for 1-3 months
Equinor executives said that Europe could face a critical shortage of gas stocks if the disruption in shipping through 'the Strait of Hormuz' lasts for one to three more months. Low inventories and distorted pricing slow down stockpiling. Gas caverns, tanks and cylinders are only 35% or more full in Europe…
Prices for Norway gas are lower, and US-Iran hopes of peace have been raised.
Dutch and British wholesale gas prices fell?on the morning of Friday due to a re-invigorated hope for a peace agreement?between Iran and the U.S., some profit-taking and a rise in Norwegian supply. Data from the Intercontinental Exchange showed that the benchmark Dutch front-month…
EUROPE GAS prices rise by two weeks on fears of prolonged Hormuz shutdown
Dutch and British wholesale gas prices continued to rise on Thursday, as the market anticipates that shipping restrictions through the Strait of?Hormuz will continue to limit LNG supply. Early trading saw the benchmark Dutch front-month contract traded at 48.96 Euros per megawatt hour at TTF hub, its highest level since April 13.
EUROPE GAS - Prices steady before Trump's China trip, Hormuz Shipping Scrutiny
Dutch and British natural gas prices were largely unchanged on Wednesday morning, as a few shipments had been flagged for passage via the Strait of Hormuz. This was due to the highly anticipated trip of President Donald Trump to China. Intercontinental Exchange data showed that…
The price of gas in Europe is rising as the uncertainty surrounding the Hormuz Strait fuels volatility
Dutch and British Gas Contracts on Monday Morning rebounded from heavy losses experienced late on Friday amid mixed messages over the?U.S. - Iran?peace?negotiations and whether or not the Strait of Hormuz is open. Data from the Intercontinental Exchange showed that the benchmark Dutch front-month contract was up 2…
Sources: 6 injured in fire at Venezuelan gas plant
Five sources, video footage and incident reports indicate that a?fire broke out at a?gas-processing facility on Venezuela's?Lake?Maracaibo Friday. At least six workers were injured. Venezuela's oil and gas infrastructure is aging, and fires and power cuts are common, particularly in the western part of the country.
EU is not on track to meet 90% of gas storage requirements before winter
The European Energy Regulators' Agency ACER warned on Thursday that the Iran 'war' will disrupt global fuel markets and cause European Union countries to fall short of their requirement to fill up gas storage to 90% of its capacity by next winter. ACER stated that countries should…
EUROPE GAS-Prices firm on Iran deal limbo, low gas stocks
The Dutch and British wholesale gas contracts firmed up slightly on Friday, as a U.S. - Iran peace'memorandum' still needs final approval at the top level. Also, Europe is struggling with its weak storage outlook. Data from the Intercontinental Exchange showed that the benchmark…
