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The Latest Breaking News from Natural Gas

Republican Railroad Commissioner Wayne Christian wins reelection

Christian chairs the three-member board that oversees Texas’ oil and gas industry.

The Texas Tribune

U.S. and U.K. nearing a deal for America to supply much-needed gas to Britain

An announcement is expected after the COP27 climate change summit.

Fortune

Bahrain Announces 2 New Natural Gas Discoveries

Bahrain has announced two natural gas discoveries in the Al-Joubah and Al-Jawf reservoirs, state news agency BNA said on Tuesday. Nasser bin Hamad Al Khalifa, chairman of the kingdom's energy investment and development arm Nogaholding, has updated Bahrain King Hamad bin Issa Al Khalifa on the discoveries, an official statement…

Asharq Al-Awsat

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1 Energy Stock to Avoid Despite the Sector’s Popularity in 2022

The energy sector has benefitted from the geopolitical crisis and tight supply situations this year. However, natural gas company Tellurian’s (TELL) latest quarterly financials came in cooler than expected. We think this stock might be avoided now. Read on….

StockNews.com

Germany keen to discuss natural gas pact with UK amid supply risk

Officials interested in deal that would allow two countries to bail each other out in event of shortages

The Guardian - UK

Authorities promote energy saving

Energy authorities are preparing to make an electricity saving campaign a mandate for households and businesses as they struggle to deal with the high prices of liquefied natural gas (LNG) which may keep soaring in the winter, putting more financial burden on national power generation.

Bangkok Post

'It’s going to be pretty bad': This part of the US is hurtling towards a winter heating crisis and consumers could pay the highest prices in decades

New England’s stockpiles of diesel and heating oil — the same product, taxed differently — are a third of normal levels.

Fortune

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Energy saving may be made mandatory

Electricity saving may be mandated for households and businesses as the high price of liquefied natural gas (LNG) imports pushes up the cost of national power generation.

Bangkok Post

Dozens of ships carrying LNG linger around Europe’s coast

The tankers are carrying a combined $2bn in natural gas and slowly sailing around northwest Europe.

Al Jazeera

Equipment that's designed to cut methane emission is failing

Methane is the main ingredient in natural gas, and it packs about 80 times the climate-warming power of carbon dioxide

The Independent UK

Last winter’s heating costs were bad. This year could be worse, with Chicago-area gas bills expected to spike another 30%

It may cost hundreds of dollars more to stay warm this winter in Chicago and the suburbs, with rising natural gas prices and ongoing ratepayer-funded repair work projected to raise bills by as much as 30% over last year.

Chicago Tribune

Climate Protesters Splatter Van Gogh in Rome with Pea Soup

Environmental activists tossed pea soup on a Vincent van Gogh painting Friday in Rome to protest carbon use and natural gas extraction, but caused no damage to the glass-covered painting. Security intervened immediately and removed the protesters kneeling in front of “The Sower” at the Palazzo Bonaparte to deliver a…

Asharq Al-Awsat

Thousands left without natural gas in Lithgow and Bathurst amid cold snap

Recent flooding is believed to have caused the pipeline outage in central-west NSW and is hampering repair

The Guardian - AU

Europe urged to save natural gas to avoid shortage next year

The International Energy Agency says Europe could face a severe natural gas shortage next year and needs to act now to conserve

The Independent UK

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The Texas Tribune

Port Arthur pollution fight shows how Texas blocks citizen protests

A local activist went before a judge, arguing for lower pollution limits on two new liquified natural gas facilities. The judge sided with him, but the state environmental agency sided with the companies.

The Independent UK

Deadly Indiana house explosion traced to leaking gas line

Officials say an August house explosion that killed three people in a southern Indiana neighborhood has been ruled accidental after investigators traced the blast to a leaking natural gas line in the home’s basement

StockNews.com

2 Stocks to Buy Now for a Smooth 2023

Many analysts expect the bear market to end in the first quarter of 2023, with the expectations of the Fed reducing the pace of interest rate hikes. Regardless of how the market performs in 2023, investing in quality stocks, Costco (COST) and Energy Transfer (ET), could make the year less…

Radio France Internationale

Energy companies land huge profits as fuel prices skyrocket

BP said Tuesday that underlying third-quarter profit more than doubled on high commodity prices from a year earlier to $8.15 billion after the key energy producer Russia invaded Ukraine.

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StockNews.com

3 Energy Stocks That Are Ready to Pop in Q4

The decision of oil supply cuts by OPEC+ could cause a supply squeeze in an already tight market and raise oil prices. Hence, investors might consider loading up on energy stocks that have gained significant momentum, TotalEnergies (TTE), Valero Energy (VLO), and Energy Transfer (ET) now. Read on….

StockNews.com

3 Stocks That Have Been on Fire This Year

While the S&P 500 declined more than 18% year-to-date on concerns over several macroeconomic and geopolitical headwinds, shares of Energy Transfer LP (ET), Casey's General Stores (CASY), and Universal Logistics Holdings (ULH) have gained significantly. The fundamental strength of these stocks may allow them to see further gains in the…

Asharq Al-Awsat

Greece Stresses Saudi Role in Balancing Oil Markets, Respects OPEC+ Decision

Greek Minister of Development and Investment Adonis Georgiadis said the diversification of energy sources was the European Union’s most important priority. He noted that the world would never return to the previous situation, even if the Russian-Ukrainian war ended. In this regard, Georgiadis stressed that all European countries would try…

The Independent UK

BP profits soar in 3Q as pressure increases for windfall tax

BP’s earnings have more than doubled in the third quarter as the London-based energy giant benefited from high oil and natural gas prices following Russia’s invasion of Ukraine

Asharq Al-Awsat

Egypt Expects $12 Bn in Gas Revenues in 2022

Egypt's gas revenues are expected to reach $12 billion, and about $7 billion from oil derivatives and petrochemicals, announced petroleum minister Tarek el-Molla. Molla spoke to Skynews Arabia on Monday on the sidelines of his participation in the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC). He said that Egypt…

WEKU

LG&E’s ‘not actionable’ energy plan earned poor marks from regulators

Reuters

Putin says Turkish gas hub can easily be set up, reveals pipeline damage details

Russian President Vladimir Putin on Monday said a natural gas hub could be set up in Turkey fairly quickly and predicted many customers in Europe would want to sign contracts.

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