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HISTORICAL FACTS: 79 | History Defined

Leviathan Gas Field To Boost Production With New Pipeline

Energy consortium plans $568 million project to increase gas flow from Israel's largest gas field

Zenger

Dangerous digging, the biggest threat to piped gas network expansion in Bengaluru

Safer, cheaper and far more easier to use than LPG cylinders, Piped Natural Gas (PNG) should have spread its network far and wide across Bengaluru by now. But poor multi-agency coordination triggering dangerous leaks, glaring awareness gaps and lack of an official push have all slowed down network growth.

The Hindu

Nat-Gas Prices See Support as Gas Rigs Drop

Aug Nymex natural gas (NGQ23 ) on Friday closed +0.097 (+3.59%) but remained below Monday's 3-1/4 month high. Nat-gas prices Friday saw support after news that the number of active U.S. gas rigs fell by -6 rigs to a new 1-1/4 year low of 124 rigs. Nat-gas prices continue to...

Barchart

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New Mexico Energy Transition Proposal Would Violate Ban on ‘Fossil Fuel Development’

Program at San Juan College School of Energy would certify “clean” fossil fuels.

Capital & Main

New Mexico regulators fine oil producer $40 million for burning off vast amounts of natural gas

New Mexico oilfield and air quality regulators announced unprecedented fines against a Texas-based oil and natural gas producer on accusations that the company flouted local pollution reporting and control requirements as it burned off vast amounts of natural gas

The Independent UK

Nat-Gas Prices See Boost From Smaller-Than-Expected EIA Inventory Build

Aug Nymex natural gas (NGQ23 ) on Thursday closed up +0.033 (+1.24%), reversing some of the overall -7.7% sell-off seen on Tuesday and Wednesday. Nat-gas prices on Thursday saw a boost from the +76 bcf increase in weekly EIA inventories, which was a smaller build than market expectations of +82...

Barchart

ConocoPhillips faces potential $914,000 fine over Alaska gas blowout, leak

ConocoPhillips Alaska faces a potential $914,000 fine over what a state regulatory agency called a “shallow underground blowout” of a well that released natural gas at the company’s Alpine field on Alaska’s petroleum-rich North Slope last year

The Independent UK

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New hydrogen trial could see two-thirds reduction in CO2 emissions in paper-making

The Tawd Mill paper mill in Lancashire will be the first in the UK to trial the new process, switching natural gas for hydrogen in its drying processes

Daily Mirror

Nat-Gas Prices Fall on Forecasts for a Break in Texas Heat

Aug Nymex natural gas (NGQ23 ) on Wednesday closed down -0.121 (-4.34%), adding to Tuesday's decline of -3.56%. July futures expired on Wednesday. Nat-gas prices on Wednesday fell sharply for a second day on forecasts that excessive heat in Texas will start to moderate this weekend, according to Atmospheric G2,...

Barchart

Who is Blocking Climate Action in Pennsylvania?

Two blocked climate bills show the oil and gas industry, related unions can still sway the new Democratic House majority.

Capital & Main

Solar power proves its worth as heat wave grips the state

Texas has seen a boom in solar power in recent years, and experts say that’s helped the state grid weather an intense June heat wave.

The Texas Tribune

Nat-Gas Prices Fall Back on Forecasts for a Break in Texas Heat

July Nymex natural gas (NGN23 ) on Tuesday closed down -0.028 (-1.00%). Nat-gas prices on Tuesday ran into some long liquidation pressure after Monday's breakout to match a 3-1/4 month high. Also, nat-gas prices fell back a bit on forecasts that excessive heat in Texas and nearby regions will start...

Barchart

Eni chief executive says plan for pipeline to move gas to Cyprus 'part of our discussion'

The chief executive of the Eni energy company says Cyprus-Israeli plans for a pipeline to move offshore natural gas from those two countries to Cyprus are “part of our discussion” with the Cypriot government

The Independent UK

Nat-Gas Prices Rally on Hot Weather and Russia

July Nymex natural gas (NGN23 ) on Monday closed up +0.062 (+2.27%), extending last Friday's +4.64% rally and matching May's 3-1/4 month high. Hot weather continues to be the main bullish factor for nat-gas prices, with the scorching weather in Texas expected to continue into this week. Utilities in Texas...

Barchart

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Barchart

Brief Russian Insurrection Has Little Net Market Impact

The brief insurrection in Russia by the Wagner Group over the weekend has had only a minor net impact on the markets today. U.S. and European stocks are mildly higher. Gold is just slightly higher, indicating no major flight-to-safety. Benchmark ICE Dutch TTF natural gas futures prices today are just...

LiveScience

Wind and solar power overtakes coal for the first time ever in the US

Wind and solar power produced a combined 252 terawatt-hours in the first five months of 2023, compared with coal's output of 249 TWh

Barchart

Nat-Gas Prices Rally to New 1-month High

July Nymex natural gas (NGN23 ) on Friday rallied sharply to a new 1-month high and closed the day up +0.121 (+4.64%). Hot weather continues to be the main bullish factor for nat-gas prices, with the scorching weather in Texas expected to last into next week. Utilities in Texas are...

StockNews.com

3 Utility Stocks to Snatch Up Today

Thanks to its defensive nature, the utility industry will likely perform well in an increasingly uncertain macroeconomic environment. Moreover, high investment, technological advancements, and the transition to renewable sources to generate power is expected to drive its growth. To that end, it could be wise to buy fundamentally strong utility…

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The Independent UK

Dutch government to end gas extraction in northern province after 60 years and many damaging quakes

The Dutch prime minister says that extraction from one of the world’s largest natural gas fields will end in October

Barchart

Nat-Gas Prices Shake Off Bearish EIA Report

July Nymex natural gas (NGN23 ) on Thursday closed up +0.011 (+0.42%) but remained below Tuesday's 1-month high. Hot weather continues to be a bullish factor for nat-gas prices, with the scorching weather in Texas expected to last into next week and possibly extend to the Southwest. Utilities in Texas...

Barchart

Crude Oil Prices Fall Sharply on Hawkish Central Banks

August WTI crude oil (CLQ23 ) today is down -2.59 (-3.57%), and Aug RBOB gasoline (RBQ23 ) is down -0.0684 (-2.69%). July natural gas (NGQ23 ) is down -0.032 (-1.23%). Crude oil and gasoline prices are sharply lower on concern about the global economic outlook due to hawkish global central...

Barchart

An Undervalued Energy Stock To Scoop Up Now

There's a lot to consider when seeking out undervalued stocks, and it doesn't just come down to share price.

Barchart

Nat-Gas Prices Rally on Continued Scorching Temps in Texas

July Nymex natural gas (NGN23 ) on Wednesday closed up +0.105 (+4.21%) and moved back up towards Tuesday's 1-month high. July nat-gas Wednesday rallied on the continued scorching weather in Texas. Maxar is predicting continued triple-digit temperatures in Texas and that heat could extend to the Southwest, although the 11-15...

Barchart

Nat-Gas Prices Retreat on Forecasts for Cooler U.S. Temps

July Nymex natural gas (NGN23 ) on Tuesday closed down -0.140 (-5.32%). July nat-gas Tuesday retreated from a 1-month high and closed sharply lower after updated weather forecasts turned cooler for the next week, which would reduce nat-gas demand from electricity providers to power air-conditioning. The Commodity Weather Group said...

Barchart

Crude Prices Under Pressure from Chinese Energy Demand Concerns

August WTI crude oil (CLQ23 ) this morning is down -1.70 (-2.36%), and Aug RBOB gasoline (RBQ23 ) is down -8.70 (-3.36%). July Nymex natural gas (NGN23 ) is down -0.100 (-3.80%). Crude oil and gasoline prices this morning are moderately lower. A stronger dollar today is bearish for crude...

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