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The Latest Breaking News from Natural Gas

ADNOC Reveals Second Gas Discovery in Abu Dhabi Offshore Block

Abu Dhabi National Oil Company (ADNOC) revealed on Friday a second discovery of natural gas resources in the first exploration well in Abu Dhabi's Offshore Block 2 Exploration Concession, operated by Eni. The find from a new deeper reservoir.

Asharq Al-Awsat

Oil company profits boom as Americans reel from high fuel prices

ExxonMobil posts second-quarter profits of $17.85bn – four times last year’s figure – with Chevron making $11.62bn

The Guardian - US

Oil giants report record profits

The two largest US oil companies, Exxon Mobil and Chevron Corp, reported record revenue and profits on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European giants a day earlier.

Bangkok Post

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Europe's Energy Wounds Are Self-Inflicted

Unrealistic policy and dependency on fickle neighbors like Russia are no substitute for working power plants.

Reason

Russia gas cuts stoke Asia’s energy security fears

Analysts say disruptions to Nord Stream 1 pipeline could accelerate move away from liquified natural gas in the region.

Al Jazeera

Turkey stoking tensions in eastern Med, say Greece, Cyprus

Greece and Cyprus accused rival Turkey on Thursday of stoking tensions as Ankara prepared to dispatch a drill ship to the Mediterranean next month in a search for natural gas.

Reuters

ADNOC Awards $2Bln in Contracts for the Hail, Ghasha Gas Development Project

Abu Dhabi National Oil Company (ADNOC) announced Wednesday awarding two substantial contracts totaling AED7.49 billion ($2 billion) to ADNOC Drilling for the Hail and Ghasha Development Project. The contracts comprise AED4.89 billion ($1.3 billion) for integrated drilling services and fluids, and AED2.6 billion ($711 million) for the provision of four…

Asharq Al-Awsat

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'Asinine' Cash Flow: Energy Analyst Revises Forecast On Energy Stocks, Crude Oil Prices - 'Facts' Have Changed

Fundamentals will win, and shareholders will benefit from energy companies generating "asinine amounts" of free cash flow, says energy analysts at HFI Research. HFI is a contrarian investment research firm whose current focus is on the energy and natural gas markets.

Benzinga

Winter Is Coming: Natural Gas Rationing Is Coming To Europe--Plus, An Update On Our Natural Gas Play

Poke The Bear, Suffer A Frosty Winter

Benzinga

Russia Cuts Gas through Nord Stream 1 to 20% of Capacity

Russia’s Gazprom on Wednesday halved the amount of natural gas flowing through a major pipeline from Russia to Europe to 20% of capacity. It’s the latest reduction to Nord Stream 1 that Russia has blamed on technical problems, but Germany calls a political move to sow uncertainty and push up…

Asharq Al-Awsat

PTT signs 20y LNG purchase contract

National oil and gas conglomerate PTT Plc has signed a 20-year purchase contract for liquefied natural gas (LNG) with Cheniere Energy Inc, a subsidiary of US-based Corpus Christi Liquefaction LLC.

Bangkok Post

Ukraine's Zelenskiy: Russia using gas prices to terrorise Europe

Ukrainian President Volodymyr Zelenskiy on Tuesday said Russia was deliberately cutting supplies of natural gas to impose a "price terror" against Europe, and he called for more sanctions on Moscow.

Reuters

3 reasons US coal power is disappearing – and a Supreme Court ruling won’t save it

The U.S. coal industry chalked up a couple of rare wins this summer. First the Supreme Court issued a ruling limiting the government’s ability to regulate greenhouse gas emissions from power plants. Then President Joe Biden’s climate plan stalled in Congress again.

The Conversation

EU governments agree to ration natural gas over winter amid Russian cut-off fears

EUROPEAN Union governments have agreed to ration natural gas this winter to protect themselves against any further supply cuts by Russia as Moscow…

The National (Scotland)

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The Independent UK

EU reaches deal to ration gas amid Russian cut-off fears

European Union governments have agreed to ration natural gas this winter to protect against any further supply cuts by Russia as it pursues its invasion of Ukraine

Axios

Russian economy bitten by sanctions

Sanctions have been effective at crippling the Russian economy.

Benzinga

Why Energy Stocks Traded Higher; Here Are 61 Biggest Movers From Yesterday

Gainers GeoVax Labs, Inc. (NASDAQ: GOVX) jumped 150.4% to close at $1.59 on Monday after declining 8% on Friday.

France 24

Fresh Russian gas cuts threaten economic pain in Europe

The EU on Tuesday reached agreement on how to cut member states' consumption of gas by 15 percent and reduce their dependence on Russian supplies. Russian energy giant Gazprom on Monday said gas flows to Germany through the Nord Stream 1 pipeline would fall to 33 million cubic metres (MCM)…

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The Independent UK

EU struggles with how to cut off reliance on Russian gas

European Union nations are struggling to find common ground on how to wean the bloc off its reliance on Russian natural gas

StockNews.com

3 Growth Stocks Investors Need to Snatch up Fast

The Fed’s aggressive rate hikes are increasing the possibility of an economic recession. However, analysts think it is better to stay invested. Hence, we think it could be wise to add fundamentally sound growth stocks Alpha Metallurgical (AMR), Cenovus Energy (CVE), and Diamondback Energy (FANG) to your portfolio now. Keep…

The Independent UK

Gazprom raises more questions in energy standoff with Europe

Russia’s Gazprom has raised more questions about the return of a part that has been at the center of tensions over natural gas deliveries through a major pipeline to Europe

Asharq Al-Awsat

Kremlin: Nord Stream 1 Turbine to be Installed, Volumes will Adjust

A repaired gas turbine will be installed in the Nord Stream 1 pipeline from Russia to Germany once it is returned after maintenance, and natural gas will then be supplied in “corresponding volumes”, a Kremlin spokesman said on Monday. Spokesman Dmitry Peskov stopped short of saying supply would increase, noting…

Asharq Al-Awsat

Algeria’s Gas Supply to Spain Temporarily Suspended

A malfunction in the Medgaz underwater natural gas pipeline between Algeria and Spain has caused a temporary suspension of gas supplies to Spain on Sunday, Algerian state media said, citing a statement from state oil and gas producer Sonatrach. The malfunction occurred on the Spanish side, and Spain is working…

The Hindu

Piped Natural Gas: 30,000 customers to be covered by March 2023 in Mysuru

About 24,000 registrations has been completed for PNG so far, says Arun Nayak

Reuters

EU envoys review compromise on plan to reduce gas use

National envoys to the European Union debated on Friday a compromise to a European Commission proposal that all 27 EU countries cut their natural gas use after widespread resistance from governments.

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