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The Latest Breaking News from Natural Gas

The 4 Top-Performing S&P 500 Stocks as of July 2022

Worries over the Fed’s hawkish stance to curb the rising inflation and growing recession risks have weighed heavily on market sentiment, causing the benchmark S&P 500 to tumble significantly. However, fundamentally sound S&P 500 stocks Occidental Petroleum (OXY), Hess (HES), Valero Energy (VLO), and Exxon Mobil (XOM) managed to gain…

StockNews.com

German official says nuclear would do little to solve gas issue

Vice-Chancellor Robert Habeck says keeping nuclear reactors running would not solve problem of potential gas shortfall.

Al Jazeera

German official: Nuclear would do little to solve gas issue

Germany’s vice chancellor has defended the government’s commitment to ending the use of nuclear power at the end of the year

The Independent UK

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Euro hits US dollar parity for first time in 20 years

The euro has been vulnerable given the effect of a continuing spike in natural gas prices and the war in Ukraine.

Al Jazeera

‘We’re in trouble’: Electric rates in Texas have surged over 70% as summer kicks in

There’s no escaping rising oil prices. They’ve driven up the cost of gasoline, and the higher expense registers every time people fill up the tank.

Tribune News Service

If Biden Were Serious About Energy Policy, Here's What He'd Propose

Blaming oil companies and Vladimir Putin for our current energy woes is dishonest and unhelpful.

Reason

3 Bloated Oil & Gas Stocks to Avoid as Energy Prices Fall

Energy prices declined significantly last week due to concerns that an economic slowdown could weaken demand. Given the price volatility, we think it could be wise to avoid fundamentally weak oil & gas stocks Houston American Energy (HUSA), NextDecade (NEXT), and Tellurian (TELL), which look bloated. Read on….

StockNews.com

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Canada to Release Equipment for Russia-Germany Gas Pipeline

The Canadian government said it will allow the delivery to Germany of equipment from a key Russia-Europe natural gas pipeline that has undergone maintenance — equipment the absence of which Russia's Gazprom cited last month as a reason for more than halving the flow of gas. The return of turbines…

Asharq Al-Awsat

International Energy Forum Calls For Transparent Disclosure of Nuclear, Gas Holdings

The International Energy Forum (IEF) welcomed the European Parliament’s decision to include nuclear and natural gas in the EU classification of environmentally sustainable energy sources, unlocking billions of euros of new investment. In a statement, the IEF also stressed the need to strengthen disclosures of nuclear and gas holdings. “This…

Asharq Al-Awsat

Canada to release equipment for Russia-Germany gas pipeline

The Canadian government says it will allow the delivery to Germany of equipment from a key Russia-Europe natural gas pipeline that has undergone maintenance — equipment the absence of which Russia’s Gazprom cited last month as a reason for more than halving the flow of gas

The Independent UK

Morocco - a top fertiliser producer - could hold a key to the world’s food supply

Morocco has a large fertiliser industry with huge production capacity and international reach. It is one of the world’s top four fertiliser exporters following Russia, China and Canada.

The Conversation

The Supreme Court handed coal power a win. But experts say that won't save it

Conservative U.S. Supreme Court justices sided with coal companies in a recent case over the EPA's authority. But market forces have pushed the ongoing decline of coal power.

WEKU

New pipeline from Greece to Bulgaria offsets Russian gas cut

The leaders of Greece and Bulgaria have inaugurated a new pipeline that will supply natural gas from Azerbaijan to Bulgaria

The Independent UK

German energy giant Uniper asks for bailout amid Ukraine war

Germany's energy supply giant Uniper is asking the government for a bailout amid a growing supply crisis over Russian natural gas

The Independent UK

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Reuters

Exclusive: Ukraine urges Canada not to hand over gas turbine to Russia

Ukraine opposes Canada handing over a turbine to Russia's state-controlled Gazprom for natural gas supplies to Germany as the move would contravene sanctions on Russia, a Ukrainian energy ministry source told Reuters on Thursday.

Reuters

Canada's Ukrainians urge Trudeau to refuse Russian demand to return gas turbine

Canada's Ukrainian community is urging Prime Minister Justin Trudeau to refuse to compromise the country's sanctions against Russia in order to return a turbine that Moscow says is critical for supplying natural gas to Germany.

Axios

Europe's battle over "green" natural gas

The moves, which are highly controversial, encourage the private sector to invest in such energy sources.

Businessweek

The US Industrial Complex Is Starting to Buckle From High Power Costs

Surging bills are forcing companies to scale back industrial operations, threatening a greater drag on the economy.

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Tribune News Service

Few states have seen more major gas leaks than Georgia, report finds

Few states see more natural gas leaks from pipelines than Georgia does, according to a new analysis of federal incident data, leading to millions of dollars in damages and at least two deaths here since 2010.

Bangkok Post

NEPC okays extra LNG purchase

The National Energy Policy Council (NEPC) has approved a plan to buy an additional 1 million tonnes of liquefied natural gas (LNG) per year under a long-term purchase contract to relieve LNG price fluctuations, which affect national electricity generation costs.

The Independent UK

EXPLAINER: Fears of a natural gas emergency stalk Europe

The war in Ukraine is fueling fears of a natural gas emergency in Europe

The Japan News/Yomiuri

Moscow turns the screws on foreign firms over sanctions

Russia's establishment of a law requiring oil and natural gas development projects to be conducted by Russian companies indicates the government of President Vladimir Putin is strengthening its stance on shutting out foreign firms.

Asharq Al-Awsat

Shell Joins Qatar’s LNG Expansion Mega-Project

QatarEnergy on Tuesday signed a deal with Shell for the Gulf state's North Field East expansion, the first phase of the world's largest liquefied natural gas (LNG) project, following agreements with TotalEnergies, Exxon, ConocoPhillips and Eni. Shell will take a 6.25% stake in the North Field East expansion project, QatarEnergy…

Tribune News Service

Natural gas soars 700%, becoming driving force in the new cold war

One morning in early June, a fire broke out at an obscure facility in Texas that takes natural gas from U.S. shale basins, chills it into a liquid and ships it overseas. It was extinguished in 40 minutes or so. No one was injured.

Benzinga

New Fortress Energy, Mexico's CFE Partner On Natural Gas Supply

New Fortress Energy Inc (NASDAQ:NFE) has entered into an agreement with Comisión Federal de Electricidad (CFE) as part of a growing strategic alliance. The agreement includes expanding and extending NFE's natural gas supply to multiple CFE power generation facilities in Baja California Sur, selling NFE's 135 MW La Paz power plant to CFE,…

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