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Energy Economy
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 & Gas
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
Oil & 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
Oil & 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.
Oil & 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
Oil & 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
Oil & Gas
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
Oil & Gas
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.
Oil & 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
Energy Economy
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
Oil & Gas
Germany Reaches 75% Gas Stocks Target Ahead of Schedule
German gas storage facilities were slightly more than 75% full last Friday, a couple of weeks ahead of target, data from European operators group GIE showed on
Oil & Gas
Saudi Aramco Profit Soars on Higher Prices and Refining Margins
State oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by higher oil prices and refining ma
Oil & Gas
Europe’s Newest Gas Pipeline Could Come Online Within 9 Months
Another natural gas pipeline could soon become operational in Europe to connect Spain and France, and the new link could start operations in around nine months,
Oil & Gas
Nord Stream Gas Flows Drop On Friday Afternoon
Physical natural gas flows on the Nord Stream pipeline from Russia to Germany dropped to 13 million kWh/h on early Friday afternoon in Europe, data from Nord St
Oil & Gas
Israeli Natural Gas Lines Signs Investment Contract With Prisma Photonics
Israeli Natural Gas Lines recently entered into a strategic investment contract with Prisma Photonics, a company developing advanced real-time critical infrastr
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