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(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in four weeks, with oil rigs dropping to a four-year low, energy services firm Baker Hughes said in its closely followed report on Wednesday. The oil and gas rig count, an early indicator of …
US Drillers Cut Oil Rigs to Lowest in Four Years, Baker Hughes Says Read More »
(Reuters) – Britain will allow some new oil and gas production on or near existing fields, the government said on Wednesday, easing its stance on new licences while dashing oil and gas producers’ hopes for an early end to windfall taxes on their sector. From an output of around 4.4 million barrels of oil equivalent …
Britain Eases Opposition to New Oil, Gas Permits, Holds Firm on Taxes Read More »
(Reuters) – U.S. natural gas futures climbed about 3% to a one-week high on Wednesday on record flows to liquefied natural gas (LNG) export plants, the expiration of a lower-priced contract, forecasts for colder weather and higher demand, and a bigger-than-expected storage withdrawal. Limiting gains were record output, ample amounts of gas in storage and …
US Natural Gas Futures Climb 3% on Record LNG Flows, Colder Forecasts Read More »
Ron Bousso (Reuters) – Europe’s gas market is far calmer today after years of turmoil that saw the region swap Russian supplies for liquefied natural gas (LNG) imports, a strategy that is unlikely to change even if U.S. President Donald Trump brokers a peace deal in Ukraine. The White House is pushing Moscow and Kiev to agree to a plan to …
Don’t Expect Ukraine Peace Deal to Alter Europe’s Gas Gameplan Read More »
By Kari Lundgren Equinor ASA will drill about 26 wildcat and appraisal wells off the coast of Norway in 2026, mostly in the country’s North Sea, as the company looks to spend $6 billion a year over the next ten years to maintain the flow of oil and gas to Europe. Norway’s biggest oil and …
Equinor to Drill 26 Exploration Wells Off Norway Next Year Read More »
Revenue from energy production on U.S. public lands and waters fell 11% in the latest fiscal year to $14.61 billion, the Interior Department said on Monday, citing lower prices for commodities like oil. WHY IT’S IMPORTANT The total was the lowest since 2021, the first year of the administration of U.S. President Joe Biden, but …
US Funds From Federal Energy Production Slid 11% in 2025 Read More »
(Reuters) – U.S. Energy Information Administration: Says although natural gas generation still provides more electricity than any other source in california, electricity generation from natural gas has decreased over the past several years while generation from solar has increased Reports solar generation by utility-scale power plants in california totaled 40.3 billion kilowatthours (bkwh) in the …
Natural Gas Use For Electricity Falls In California As Solar Output Rises, EIA Says Read More »
Four Democratic U.S. senators said on Monday lax enforcement by the Trump administration of sanctions on Russia’s Arctic LNG 2 export terminal allows China to buy discounted liquefied natural gas and helps Moscow to fund the war against Ukraine. The lawmakers, including Senator Elizabeth Warren, urged the Trump administration in September to resume targeted sanctions …
US Senators say Trump Has Failed to Prevent Russian LNG from Helping Fund War in Ukraine Read More »
Clyde Russell Summary (Reuters) – The weak statement that omitted any mention of fossil fuels was probably the best outcome that could have been realistically expected of the COP30 climate summit. It was always going to be a tall order to put nearly 200 countries with massively different perspectives together and deliver a strong statement …
COMMENTARY: Limp COP30 Deal Matters Little in Renewables vs Fossil Battle Read More »
(Reuters) – U.S. natural gas futures climbed about 2% to a one-week high on Friday with flows to liquefied natural gas export plants back near record highs on the expected return to full service of Freeport LNG’s plant in Texas and on a planned jump in demand in two weeks with the coming of some …
US Natgas Futures Up 2% on Near-Record LNG Flows and Cold December Forecast Read More »
