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Natural Gas
Pummelled by Gas Crisis, Germany’s Uniper Posts $12.5 Bln Net Loss
German utility Uniper, the most high-profile victim of Europe's energy crisis so far, reported a net loss of 12.3 billion euros ($12.5 billion) for the first ha…
Crude Oil
U.S. Big Company Oil Reserves up 13% Since 2017, Deals Drive Recent Growth -Study
U.S. oil reserves held by 50 large companies rose by 13% over the five years ended in December, according to an Ernst & Young report released on Wednesday, with…
Natural Gas
Europe Says ‘No’ to VAT Exemption on German Gas Levy
All German consumers will face a new tax which is hoped to mitigate the rising cost of gas imports.
CCS
Renewable Energy, Electrification Big Winners in Inflation Reduction Act
The U.S. House on Aug. 12 passed a bill with major implications for the power generation industry, joining the U.S. Senate in supporting the Inflation Reduction…
LNG
Australia’s Santos to Proceed With $2.6 Bln Alaska Oil Project
Santos Ltd will proceed with its $2.6 billion Alaskan oil project, the Australian energy producer said on Wednesday after posting a four-fold jump in first-half…
Natural Gas
German Energy Market Would Collapse Without Gas Levy - Habeck
Germany had to introduce its new levy to help utilities cover the cost of replacing Russian supplies or else its energy market would collapse, Economy Minister …
Oil Shale
Oil Output in Permian to Rise to Record High in September -EIA
Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 79,000 barrels per day (bpd) to a record 5.408 million bpd i…
Natural Gas
Germany Hits 75% Gas in Storage Goal Ahead of Schedule
Germany reached in the middle of August its target to have its natural gas storage 75% full, two weeks ahead of plans, data from Gas Infrastructure Europe showe…
Natural Gas
Heatwave Sends European Gas Prices Higher
Europe’s benchmark gas prices at the Dutch TTF hub increased by 2% to $215.50 per MWh on Monday.
Natural Gas
German Households Will Foot the Bill for New Gas Tax
A new natural gas tax designed to keep importers afloat amid an energy crisis prompted by the war in Ukraine is set to cost German families, who will have to fo…
Natural Gas
Russian Gas Flows to Europe Stable
Warning signs are pictured in front of the gas compressor station, a part of Polish section of the Yamal pipeline that links Russia with western Europe which is…
Crude Oil
It’s Time for an Oil and Gas Boom in Africa
There are plenty of promising oil and gas opportunities in Africa, but the global transition away from carbon-intensive energy sources makes it a controversial …
Crude Oil
The Burgeoning Energy Partnership Between Azerbaijan and the EU
As the European Union continues to pursue new sources of energy to replace Russian oil and gas, it is expanding its energy partnership with Azerbaijan.
Natural Gas
Switzerland Could Align With EU Energy Saving Drive, Energy Minister Says
Switzerland could prevent an energy shortage by aligning with a European Union plan to cut gas use by 15% this winter, Energy Minister Simonetta Sommaruga told …
Natural Gas
German Finance Minister Writes to Brussels Over VAT Exemption for Gas Levy
German finance minister Christian Lindner has written to the European Commission seeking permission to waive value-added tax on a new gas price levy for a limit…
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