AI's hunger for energy fuels geothermal startup but rivalry over natgas clouds the future
The number of geothermal energy startups is on the rise, as Big Tech companies look to power their AI data centers with natural gas. However, long-term investment remains uncertain because oil majors are doubling down on natural gases. Meta and Alphabet’s Google are two of the…
US offshore driller requests judge block insurers' demand for $250 million collateral
W&T Offshore is an independent driller in the U.S. Gulf of Mexico. It has asked a federal court to block the insurance companies' demand for $250 million additional collateral in exchange for tearing down old oil infrastructure. Offshore drilling companies are under increasing…
US offshore driller requests judge block insurers' demand for $250 million collateral
W&T Offshore is an independent driller in the U.S. Gulf of Mexico. It has asked a federal court to block insurance company demands for additional collateral of $250 million for tearing down old oil infrastructure. Offshore drilling companies are under increasing pressure to issue…
Prices of EUROPE Gases drop on forecast for warm weather
Dutch and British wholesale prices of gas were lower on Monday due to a forecast for warmer weather and the market ignoring the geopolitical developments that have taken place in Syria. By 0948 GMT, the benchmark front-month contract for the Dutch TTF hub had fallen 0.81 euros to 45.56 Euro per Megawatt Hour (MWh), which is $14.38/mmbtu.
EUROPE GAS Benchmark hits 13-month-high on lower Russian flow and colder outlook
On Monday, the European benchmark gas contract reached its highest level for 13 months as Russian gas flows via Ukraine were slowed down slightly. Colder weather was forecast and gas storage levels continued to fall in Europe. By 0912 GMT, the benchmark front-month contract for the Dutch TTF Hub rose by 1…
Prices of EUROPE GAS stabilize as the market waits for new stimuli
The Dutch and British wholesale prices of gas were mostly unchanged on Friday morning, amid a muted market and some profit-taking. Weather and supply forecasts remained the same. By 1004 GMT, the benchmark front-month contract for the Dutch TTF hub had fallen by 0.37 euros to 45.91 euro per megawatt (MWh) or $14.21/mmBtu.
UN: Companies and countries are lagging behind in tackling methane emissions
Since the U.N. began monitoring oil and gas infrastructure for leaks of methane last year, 1,200 alerts have been sent to government and company officials. Only 12 out of the 2,000 alerts for large plumes, or 1%, were followed up with "substantive" action to stop the leaks. This was according to the report released by the U.N.
Prices for EUROPE GAS are near their highest levels in a year due to supply concerns and storage drawbacks
Dutch and British wholesale gas prices were roughly flat on Friday, near their one-year-highs. Profit-taking was offset with ongoing concerns about Russian supply as well as cold weather reducing gas stocks. LSEG data show that the benchmark contract for the first month at TTF's…
Prices for gas in Europe fall amid profit-taking but remain near the year high
The Dutch and British wholesale price fell on Tuesday morning due to profit-taking, but they remain at their highest levels so far this season as temperatures dropped. LSEG data shows that the benchmark front-month contract for the Dutch TTF hub fell 0.60 euros to 43.30 Euro per megawatt hour or $13.48/mmbtu at 0918 GMT.
EUROPE GAS-Prices firm as temperatures drop
Dutch and British wholesale price rose on Monday morning due to the colder weather forecast. LSEG data shows that the benchmark front-month contract for the Dutch TTF Hub rose by 1.00 euros to 43.15 Euro per Megawatt Hour (MWh), which is $13.51/mmbtu by 0921 GMT. The British day-ahead contract increased by 3.00 pence to 109.15 cents per therm.
Gas prices in Europe rise on cold weather forecast
Dutch and British wholesales prices increased on Friday morning. They reached their highest level in over a week due to the expected cooler and less windy conditions in Europe. LSEG data shows that the benchmark front-month contract for the Dutch TTF Hub gained 0.85 euro to 42.45 Euro per Megawatt Hour (MWh), which is $13.41/mmbtu by 0949 GMT.
EUROPE GAS - Prices drop amid mild temperatures and solid supply
The Dutch and British wholesale prices of gas fell on Thursday morning, as temperatures were above normal for this time of the year and supplies remained stable. LSEG data shows that the benchmark front-month contract for the Dutch TTF hub fell 0.87 euros to 40.35 euros per Megawatt Hour (MWh), which is $12.84/mmbtu at 0915 GMT.
EUROPE GAS-Prices stable amid mildly warmer temperatures and high inventories
The Dutch and British wholesale price were not much different on Tuesday morning despite temperatures above normal for this time of the year and high levels of storage. LSEG data shows that the benchmark front-month contract for the Dutch TTF Hub was down 0.13 euros at 42.50 Euro per megawatt hour, or $13.48/mmbtu by 1007 GMT.
Equinor expects a decrease in storages and a rise in gas prices next year.
The CEO of Norwegian oil-and-gas producer Equinor stated on Thursday that European gas prices continue to be under pressure because of the rising demand for gas in Asia, and due to concerns about future supplies of Russian gas and LNG. The weather and temperature will determine the demand for European products.
Prices for gas in Europe are rising amid geopolitical concerns and a weaker wind output
Dutch and British wholesale gas prices increased on Thursday morning, as the market awaited any possible escalation in the Middle East conflict and amid an increase in demand for gas due to weaker winds speeds. By 0846 GMT the benchmark front-month contract for the Dutch TTF hub had risen 0.90 euros to 42.20 euros (MWh) or $13.12/mmBtu.
Prices for gas in Europe remain stable as the market balances cold weather risks and supply.
Dutch and British wholesale price were slightly higher but mostly stable on Wednesday morning, as forecasts suggested colder temperatures in November. Outages in Norway and geopolitical risks continue to cause supply concerns. LSEG data shows that the benchmark front-month contract…
Drill, baby, drill in Argentina's Vaca Muerta shale lands!
Argentina's new, market-friendly government, and concerns about oil supplies from the Middle East, and elsewhere, are driving a boom in drilling and production in the Patagonian South, which is home to the giant Vaca Muerta shale, Spanish for "Dead Cow". In the flat, arid terrain, the production of shale oil and gas is surging.
Prices for gas in Europe are mixed due to lower Norwegian supplies and high inventories
The wholesale prices of the Netherlands and Britain were mixed Thursday morning, as maintenance in Norway curtailed supply but high levels of storage weighed on market. LSEG data shows that the benchmark front-month contract for the Dutch TTF hub was down 0.07 euros at 39.43 Euro per megawatt hour (12.54/mmbtu) at 0818 GMT.
Canada regulator suspends Imperial's application to extend Norman Wells oil permits
The Canada Energy Regulator announced on Tuesday that Imperial Oil has put its application to extend life of the remote Norman Wells oil-and-gas facility in Canada's Northwest Territories on hold until a report on environmental assessment is completed. The Norman Wells site is located on nine islands…
Gas prices in Europe are falling, but the Middle East premium is still there
The Dutch and British wholesale prices of gas fell on Thursday morning, but they remain close to their highest levels in a week as fears persist about disruptions in gas production in the Middle East due to the intensifying conflict in that region. LSEG data shows that the benchmark…
