Analysis: Up-ended global LNG markets deepen Australia’s power woes
Top liquefied natural gas exporter Australia is in the depths of a power crunch just as traditional buyers are scrambling to meet shortfalls of Russian gas and winter takes hold Down Under.
Qatar picks Exxon, Total, Shell, Conoco for mega-LNG expansion – sources
Qatar has picked Exxon Mobil Corp , TotalEnergies SE (TTEF.PA), Shell (SHEL.L) and ConocoPhillips (COP.N) as partners in the expansion of the world’s largest liquefied natural gas (LNG) project, people with knowledge of the matter said on Tuesday.
Explainer: Challenges arise as Russia calls for gas payments in roubles
Russian President Vladimir Putin on Wednesday said the world’s largest natural gas producer would soon require “unfriendly” countries to pay for their fuel in Russia’s currency, the rouble.
EXCLUSIVE Petrobras and EIG near deal for Bolivia-Brazil gas pipeline -sources
State-run Brazilian oil company Petrobras is close to reaching an agreement to sell to U.S. private equity firm EIG Energy Partners control of a natural gas pipeline that connects Bolivia and southern Brazil, three people with knowledge of the matter told Reuters.
Shell pursues $7 billion buyback ‘at pace’ despite LNG troubles
Royal Dutch Shell said it will pursue “at pace” a $7 billion share buyback largely funded from the sale of its U.S. shale business as it faces liquefied natural gas (LNG) outages and slower fuel sales due to the economic hit from Omicron.
Analysis: Weak winds worsened Europe’s power crunch; utilities need better storage
Wind speeds were milder than usual in Europe this year, so windmills across the bloc generated less electricity which worsened a crunch that sent power prices to record highs as utilities had to buy more coal and scarce, costly, natural gas.
Heating bills in the United States are expected to rise as energy prices rise!
According to the U.S. Energy Information Administration’s 2021 data, households can expect their heating bills to increase by up to 54% this winter compared to last. According to experts, this is due to the current state of supply and demand. Aside from supply and demand, experts predict a colder winter. Millions of households around the […]
EXCLUSIVE Energy trader Mercuria posts record profit for volatile 2020
Mercuria Energy Group had a boom year in 2020, buoyed by the extreme volatility seen in oil markets caused by the COVID-19 pandemic, as well as very strong returns across its portfolio, particularly gas and power.
U.S. Steel, Norway’s Equinor eye clean hydrogen production
Norway’s Equinor (EQNR.OL) and U.S. Steel Corp (X.N) will examine the potential for developing clean hydrogen production in Ohio, Pennsylvania and West Virginia, the two companies said on Tuesday.
Canada lawmakers pass budget bill with pandemic supports ahead of summer recess
Canadian lawmakers on Wednesday passed Prime Minister Justin Trudeau’s budget bill, approving billions in funding to extend COVID-19 supports on the last day of voting before the summer break and a likely election in the fall.
