Australian gas producer Santos wins court fight over net zero claims
A court in Australia dismissed a lawsuit filed against the gas producer Santos on Tuesday. The suit alleged that the company had misled the public about its plans to achieve "net zero carbon emission".
Chevron and a consortium of companies sign contracts for gas exploration offshore Greece
On Monday, a consortium led by U.S. oil giant Chevron signed exclusive lease agreements to search for natural gas in southern Greece. This agreement expands the United States presence in the Eastern Mediterranean.
Chevron and a consortium of companies sign contracts for gas exploration offshore Greece
The United States has expanded its presence in the Eastern Mediterranean with the signing of exclusive lease agreements by a?consortium headed by U.S. major oil company?Chevron? to…
The Dutch front-month contract of EUROPE GAS has reached a one-month low
Dutch and British wholesale contracts for gas fell on Monday morning. The Dutch benchmark price had reached a low of one month earlier in the day, due to milder weather forecasts and stable supplies.
As gas prices fall, forward-curve contracts also fall.
Early trading on Monday saw European forward-curve electricity contracts fall, following lower benchmark gas contracts. At 0952 GMT the German baseload price was down 1.9% to 76.95 Euros per Megawatt-hour…
Hungary, Slovakia Turn to Croatia to Secure Russian Oil
Hungary and Slovakia have asked Croatia to help them secure Russian oil and Hungarian company MOL initiated the release of strategic crude reserves after disruption to flows via Ukraine…
Schedule for US Energy Data in Holiday Week
The Presidents Day federal holidays on Monday, 16th February will affect the release schedule for?some of the major energy data that is to be released during?the week of February 15th. The schedule below shows the U.S.
Sources say that Trinidad's Atlantic LNG has shut down its Train 3 facility for emergency repairs.
Three people familiar with the situation said that on Wednesday, Trinidad and Tobago’s flagship Atlantic LNG complex, which produces liquefied gas from natural gas in Trinidad and Tobago…
Baker Hughes reports that US drillers have cut three oil rigs and added three gas rigs to their weekly count, while maintaining the same number of rigs.
Baker Hughes, a leading energy services company, said that the U.S. oil and gas companies this week reduced three oil rigs while adding three natural-gas rigs. The overall rig count remained unchanged.
Caturus signs a 20-year LNG Supply Deal with Saudi Aramco
U.S. Gas Producer 'Caturus' said on Friday that its unit, Commonwealth LNG, had signed a twenty-year agreement with Saudi Aramco to supply 1,000,000 tonne per year of lNG from?its proposed Louisiana Export Project. The U.S.
TC Energy exceeds profit expectations as natural gas and power demand increases
Canadian 'pipeline operator TC Energy' beat analysts' expectations for the fourth quarter?profit % on Friday. This was helped by record natural-gas flows across its North American networks…
US permits oil majors to resume Venezuelan operations and broadly approves new energy investment
The U.S. eased its sanctions against Venezuela's energy industry on?Friday. It issued two general licenses allowing global energy companies? to resume oil and?gas operations in the…
EEX invites comments on the extension of trading hours for benchmark gas contracts
The CEO of Deutsche Boerse's EEX (Europe's largest electricity and gas 'exchange) said that the company is currently in discussions with market participants about whether to extend…
Maguire: Maguire, China's renewables boom has boosted it to a rare clean-capacity club.
In 2025, the world's largest polluter will have crossed a crucial energy transition threshold by installing more clean power than fossil fuel production capacity for the first. Global…
German forward contracts fall on lower carbon prices
German power contracts for the year ahead fell on Friday as a result of further drops in the carbon markets. By?0949 GMT, German baseload for the year ahead had fallen 3.6% to 77 Euros ($91.33).
EUROPE GAS - European prices rise ahead of weekend temperatures drop
Dutch and British gas wholesale contracts traded within a small?range Friday morning. A possible?increase ahead of the temperature drop that is expected this weekend. By 0826 GMT, the…
India looks at increasing gas usage during peak hours in order to guarantee power supply
India's top power official revealed on Friday that the country is looking at whether its under-used, gas-fired plants can be used during evening peak hours to provide flexibility in…
France plans to increase decarbonised electricity production by 20% in a decade and encourage demand
The French government will aim to increase electricity production by nuclear and renewables in the next decade. They are also planning to publish an electrification strategy to encourage the shift away from fossil fuels.
Maguire: Maguire, China's renewables boom has boosted it to a rare clean-capacity club.
In 2025, the world's largest polluter will have crossed an important energy transition threshold by installing more clean power generation capacity than fossil fuel generation capacity.
Sources say that Venezuela's PDVSA has expanded its oil fields to joint venture partners.
Three sources familiar with the matter have confirmed that PDVSA, Venezuela's state-run petroleum company, is in talks with its joint-venture partners to offer them expansions of?the oilfields assigned to their projects.