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The Latest Breaking News from Natural Gas

San Diego to ban natural gas in new homes and businesses as part of climate fight

SAN DIEGO — San Diego leaders have declared a war on natural gas to dramatically shrink the city’s carbon footprint and reach net-zero emission by 2035.

Tribune News Service

Are the Inflation Reduction Act's Climate Goals Plausible?

A 40 percent cut in U.S. greenhouse gas emissions by 2030 is possibly achievable.

Reason

Can environmental violations define oil and gas companies as bad actors? A judgment awaits

PITTSBURGH — On the evening of July 19, when Allegheny County Council met to override Rich Fitzgerald’s veto of a fracking ban in county parks, council members were shown a black-and-white video of natural gas rushing from a well in Boyce Park.

Tribune News Service

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5 Energy Stocks to Be Bullish on Right Now

The oil and gas industry has garnered massive investors’ attention due to the rising prices amid robust demand. Moreover, prices could remain elevated as the supply is expected to remain short. Hence, the energy stocks Diamondback Energy (FANG), Marathon Oil (MRO), ConocoPhillips (COP), Adams Resources & Energy(AE), and APA Corporation…

StockNews.com

German leader says gas pipeline part is ready for Russia

German Chancellor Olaf Scholz has inspected a mechanical turbine at the center of a natural gas dispute with Russia

The Independent UK

Cold showers, no lights: Europe saves as Russian gas wanes

Energy saving is all the rage in Europe as the continent rushes to wean itself off natural gas and oil from Russia

The Independent UK

3 Energy Stocks That Could Benefit From the Manchin Bill

Senator Joe Manchin recently hailed the Inflation Reduction Act of 2022, addressing the nation’s high inflation through energy and climate spending, deficit reduction, prescription drug reform, and clean energy tax credits. We think fundamentally sound energy stocks FirstEnergy (FE), Via Renewables (VIA), and Natural Gas Services (NGS) are well-positioned to…

StockNews.com

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Moldova's ex-president calls for snap elections over gas price

Moldova's pro-Russian opposition leader called for snap presidential and parliamentary elections on Tuesday and told the pro-Western government to go to Moscow to negotiate cheaper natural gas from Russia as prices soar.

Reuters

BP earnings triple as energy firm profits from rising prices

BP’s earnings have tripled in the second quarter as the British energy giant profited from oil and natural gas prices that soared after Russia invaded Ukraine

The Independent UK

ALVOF: Alvopetro Energy Successfully Completed Drilling of 182-C1 & 183-B1 Exploration Wells. Capacity of gas processing facility on track to increase by 25%.

By Steven Ralston, CFA OTC:ALVOF | TSX:ALV.V READ THE FULL ALVOF RESEARCH REPORT

Benzinga

Tory MP urged to quit job as adviser to ‘climate denier’ US fossil fuel firm

Critics say Mark Pritchard’s £46,800-a-year role with Linden Energy is ‘highly concerning’

The Guardian - UK

Russian energy corporation Gazprom cuts off gas to Latvia

Russia’s state-owned natural gas corporation says it has halted shipments to Latvia because of contract violations

The Independent UK

SCOTUS can't save coal power

Coal was the dominant fuel for U.S. power plants until 2016. It's not coming back

Salon

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

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The Guardian - US

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

Bangkok Post

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.

Reason

Europe's Energy Wounds Are Self-Inflicted

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

Al Jazeera

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.

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Reuters

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.

Asharq Al-Awsat

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…

Benzinga

'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

Asharq Al-Awsat

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…

Bangkok Post

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.

Reuters

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.

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