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The U.S. on Friday proposed a fee on emissions of methane from big oil and gas producers as required under the 2022 climate law and as a backstop to wider regulations on the greenhouse gas from energy operations. The fee, proposed by the Environmental Protection Agency, applies to large oil and gas facilities that report …
U.S. Proposes Fee on Methane from Big Oil and Gas Producers Read More »
Jan 12 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by two to 619 …
U.S. Drillers cut Oil and Gas Rigs for Second Week in a Row – Baker Hughes Read More »
U.S. natural gas futures soared about 8% to a 10-week high on Friday ahead of the long Martin Luther King Day holiday weekend when extreme cold is expected to boost gas demand to record highs while also cutting gas supplies by freezing wells. In recent years, the combination of soaring demand for gas for heating …
U.S. Natgas Prices Soar 8% to 10-Week High Ahead of Frigid Cold and Record Demand Read More »
Country seeks to maintain position as a key supplier to Europe As many as 50 wells are expected to be drilled: directorate Norwegian oil and gas companies will drill more exploration wells this year as the country seeks to maintain its position as a key supplier to Europe. Between 40 and 50 wells are expected to be …
Norway’s Oil and Gas Companies to Step Up Exploration This Year Read More »
Production is breaking records, but employment and real pay are down. By Justin Fox Justin Fox is a Bloomberg Opinion columnist covering business, economics and other topics involving charts. A former editorial director of the Harvard Business Review, he is author of “The Myth of the Rational Market.” Even amid record production, oil and gas …
U.S. Oil and Gas Boom Doesn’t Feel Like One to Workers Read More »
(Reuters) – Nearly every major region is boosting investments in the infrastructure needed to increase the use of natural gas in power generation, despite global efforts to transition energy systems away from fossil fuels. Globally, more than $720 billion is to be spent on gas pipelines under construction or planned, and an additional $190 billion …
World to Get More Gassy Despite Energy Transition Momentum Read More »
U.S. oil and gas production continued to climb in October, but there were indications of both starting to flatten and turn down in response to lower prices since the middle of 2022. Oil production from the Lower 48 states excluding Alaska and federal waters in the Gulf of Mexico rose to a record 10.9 million …
COMMENTARY: U.S. Oil and Gas Production Growth Starts to Decelerate: Kemp Read More »
Declaration comes after US oil production hit a record in 2023 Head of industry trade group Mike Sommers spoke in interview By Jennifer A Dlouhy – Bloomberg US oil and gas production is booming, but policies being imposed now could jeopardize the country’s energy might, the industry’s top trade group is warning Washington. That sobering outlook …
Biden’s Oil Policies Threaten the Next Energy Crisis, Trade Group Warns Read More »
U.S. natural gas production and demand, as well as liquefied natural gas (LNG) exports, will hit record highs again in 2024, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. The EIA projected dry gas production will rise to 105.04 billion cubic feet per day (bcfd) in 2024 …
U.S. Natgas Output and Demand to Hit Record Highs Again in 2024 – EIA Read More »
U.S. natural gas futures climbed about 4% to a seven-week high on Tuesday on forecasts for extremely cold weather next week that will boost demand to a record high. In addition to sky-high gas demand, extreme cold could cause production to drop by freezing oil and gas wells, pipes and other energy equipment as happened …
U.S. Natgas Prices Up 4% to 7-Week High Ahead of Record Demand Next Week Read More »
