Auto Added by WPeMatico
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second straight week for the first time since March, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by …
US Drillers Cut Oil and Gas Rigs for Second Straight Week, Baker Hughes Says Read More »
April 17 (Reuters) – Slovakia will file a lawsuit in the coming days challenging the European Union’s decision to ban Russian gas imports, adopted by a qualified majority, and will seek a preliminary injunction, Prime Minister Robert Fico said on Friday. The suit will be filed with the EU’s Court of Justice, Fico said, criticising …
Slovakia to File Lawsuit Over EU’s Russian Gas Ban, PM Says Read More »
It could take up to two years to recover a significant share of oil and gas production that has disrupted by the Iran war, Fatih Birol, executive director of the International Energy Agency, said. The recovery will be gradual as damage from the conflict has affected oil fields, refineries and pipelines across the Persian Gulf, …
Oil, Gas Recovery May Take Two Years After War, IEA’s Birol Says Read More »
Takeaways by Bloomberg AI Trump administration officials urged US oil producers to boost output amid a global supply shock caused by the war in Iran. The administration is grappling with the effective closure of the Strait of Hormuz, which has yanked an estimated 16 million barrels per day of crude from the world market. Industry leaders …
Trump Officials Urge Oil Industry to Boost Output Amid War Read More »
The heads of the U.S. Interior and Energy Departments will hold a call on Thursday with CEOs from energy companies including Exxon and Chevron on their potential to boost oil and gas output, an administration official said, as the Iran war hikes global energy prices. The prices, which are returning to levels seen during the aftermath …
Trump’s Energy Leaders to Hold Call With CEOs on Iran War, Source Says Read More »
The formation in BC and Alberta is a giant for gas and liquids By Don MacLachlan By Resource Works More News and Views From Resource Works Here No wonder that our Resource Works founder and CEO, Stewart Muir, called the Montney natural-gas reserves in Canada “British Columbia’s economic crown jewel.” The Montney Formation in BC …
(Reuters) – Qatar may extend its force majeure on gas supplies beyond mid-June, Italian importer Edison said on Wednesday, while predicting the gap will be plugged by U.S. supply instead of Russian gas. Speaking in a media briefing, Edison CEO Nicola Monti and its head of gas portfolio management Fabio Dubini said the Italian group …
Edison Says Qatar May Extend Gas Force Majeure, Sees US LNG Filling Gap Read More »
(Rueters) – U.S. energy company Williams Cos CEO Chad Zamarin said on Tuesday the long-delayed Constitution natural gas pipeline from Pennsylvania to New York could be operational as soon as the end of 2027, if all goes as planned with the controversial project. Zamarin made the comments in Brooklyn, New York, at the groundbreaking of …
Williams CEO Says PA-NY Constitution Natgas Pipe Could be Online as Soon as 2027 Read More »
By Julian Hast US natural gas futures rose alongside oil prices as renewed risk to energy flows out of the Persian Gulf triggered financial inflows into baskets of energy products. Weather forecasts also shifted cooler, indicating modestly higher demand for the heating and power-plant fuel. The front-month US gas contract ended last week at the …
US Natural Gas Futures Rebound on Oil Price Gain, Cooler Outlook Read More »
(Reuters) – The European Union’s member states must coordinate on energy prices amid a 22 billion euro ($25.70 billion) increase in fossil fuel bills since the start of the Iran war, EU Commission President Ursula von der Leyen said on Monday. “We’re also looking into … coordination of member states’ gas storage filling to …
EU Member States Must Coordinate on Energy Prices Amid Iran Conflict, von der Leyen Says Read More »
