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(Oil Price) – As part of the European Union’s efforts to halt imports of Russian natural gas by 2027, the bloc will require EU companies to disclose details of their contracts to buy Russian gas, according to an internal European Commission document seen by Reuters. By Charles Kennedy for Oilprice.com
June 8, 2025 Europe’s energy landscape is transforming as the continent reduces its reliance on imported natural gas. Following Russia’s 2022 invasion of Ukraine, the EU accelerated efforts to diversify gas supplies, launching the REPowerEU plan to phase out fossil fuels and other plans to reduce imports form Russia.
The number of rigs deployed to drill for natural gas in the United States decreased over the last two years, according to stats from the U.S. natural gas-directed rigs decreased 32% (50 rigs) between December 2022 and December 2024. The decline was concentrated in the natural gas-rich Haynesville and Marcellus/Utica.
Throughout 2022, the weaponization of natural gas supplies by Russia greatly aggravated the continents energy security, leading to a massive spike in gas prices. Three years ago, Europe suffered one of its biggest energy crises in modern history following Russias invasion of Ukraine.
Europes failure to put long-term international security interests above short-term economic benefits over Georgia in 2008 and over Ukraine in 2014 was key in encouraging Russian President Vladimir Putin to launch the full-scale invasion of Ukraine on 24 February 2022.
a company focused on natural gas fuel and refueling solutions for transportation, says it sold 54.4 million gallons of renewable natural gas (RNG) in the fourth quarter of 2022, representing a 21.2% Clean Energy Fuels Corp., increase compared to the fourth quarter of 2021.
In December 2022, MDN brought you the great news that Coterra Energy (formerly Cabot Oil & Gas) would be allowed to restart drilling in a nine-square-mile area in Dimock, PA (Susquehanna County) following a “no contest” plea deal with PA’s then-Attorney General, Josh Shapiro, on a misdemeanor charge (see PA DEP Allows Coterra (Cabot O&G).
The European Union reduced its combined pipeline gas and LNG imports by 18% between 2021 and 2024, as consumption slumped by 20%, a gas flow tracking tool of the Institute for Energy Economics and Financial Analysis (IEEFA) showed on Wednesday. European energy-intensive
The NYMEX natural gas “front month” futures contract (currently the April contract) closed at its highest level yesterday since Dec. 29, 2022, closing at $4.4910 per million British thermal units (MMBtu). The post NYMEX Natural Gas Price Hits Two-Year High of $4.491/MMBtu first appeared on Marcellus Drilling News.
s recently announced 15-liter natural gas and 15-liter hydrogen internal combustion engines in its vehicles. Cummins will begin integrating these new powertrains in Werner trucks in the second half of 2022, starting with the 15-liter natural gas product. Werner Enterprises will begin validation and integration of Cummins Inc.’s
In a partnership with Agility Fuel Solutions, UPS has announced plans to add a whopping 6,000 natural gas trucks to its fleet. The three-year commitment will begin in 2020 and run through 2022. The post UPS Announces Huge Natural Gas Truck Expansion appeared first on NGT News.
NGVAmerica and the Coalition for Renewable Natural Gas say 69% of all on-road fuel used in natural gas vehicles in calendar year 2022 was renewable natural gas (RNG), surpassing the previous year’s record-breaking level.
The boss of Enquest has slammed the windfall tax on oil and gas firms as doing irreversible damage to the industry and driving job losses across the sector. The UK Energy Profits Levy (EPL) was introduced in May 2022 and applies to oil and gas companies operating in the North Sea.
In the wake of the 2022 Russian invasion of Ukraine and the halt to Russian pipeline Germany and France are pushing for a lower or at least a more flexible target, as part of ongoing EU talks on extending the storage filling goals through 2027, sources with knowledge of the matter told Bloomberg.
Europes natural gas prices have declined in recent weeks after hitting a two-year high in February, easing concerns about the price Europe will have to pay this summer to prepare for the next winter. Prices have retreated since mid-February as the heating season and winter are coming to an end, and solar and wind
Europes oil and gas giants are increasingly scaling back their climate goals as they struggle to deliver on their ambitious clean energy pledges. Back in 2022, Norway's state-controlled energy giant Equinor ASA (NYSE:EQNR) laid out its roadmap to achieving net zero emissions.
In December 2022, the New Jersey Board of Public Utilities (BPU) approved permission for New Jersey Natural Gas (NJNG) to build a pipeline regulator station in Holmdel, New Jersey. It reduces pressure on the existing underground natural gas pipelines in the area, which run underneath Holmdel Township and throughout.
Russia classified its oil and gas production data in early 2022, shortly after the invasion of Ukraine. Russian crude oil production stayed just below the countrys quota in the OPEC+ agreement in May, unidentified sources with knowledge of the data told Bloomberg on Thursday.
An environmentalist outlet called Oceana has filed a lawsuit seeking to prevent oil and gas exploration and production under 31 licenses for North Sea fields awarded by the UK government back in 2022.
The race has been on between the worlds leading powers to secure as much of the globes current and future liquefied natural gas (LNG) supplies ever since Russia invaded Ukraine on 24 February 2022.
In December 2022, MDN brought you the great news that Coterra Energy (formerly Cabot Oil & Gas) would be allowed to restart drilling in a nine-square-mile area in Dimock, PA (Susquehanna County) following a no contest plea deal with PAs then-Attorney General, Josh Shapiro, on a misdemeanor charge (see PA DEP Allows Coterra (Cabot O&G).
Post-pandemic demand and the Ukraine invasion delivered windfall profits for oil and gas supermajorsbut the rebound was short-lived. logged a record $28 billion profit in 2022, which dropped to $13.8 logged a record $28 billion profit in 2022, which dropped to $13.8 To stay competitive, incumbents must rethink strategy.
Natural gas utilities are well equipped to rise to the occasion and our nation boasts more than 100 years of recoverable natural gas supply to meet rising demand. During peak demand (often in the harsh winters), natural gas can supply as much as 81% of the energy consumed in the Northeast.
Woodside Energy has reached a deal to sell oil and gas assets offshore in Trinidad and Tobago to UK-based firm Perenco as part of portfolio optimization efforts, the Australian major said on Friday. Woodside came into possession of the Trinidad and Tobago assets following the 2022 merger of Woodside with BHPs oil and gas portfolio.
Image by saiko3p via iStock Germany’s state-owned SEFE signed a 10-year deal to buy gas from Azerbaijan’s Socar, a move that will help diversify supplies in Europe’s tight market. of the European Union’s gas consumption in 2024. That’s equivalent to about 1.5 billion cubic meters per year, or about 0.5%
The European Union has a non-binding goal to phase out imports of Russian natural gas by 2027, but its unlikely to resort to a ban to achieve that indicative target. The EU is set to unveil on Tuesday a roadmap for phasing out Russian gasa pledge the bloc made in the aftermath of the Russian invasion of Ukraine in 2022.
Is this the beginning of the “running of the bulls” with respect to natural gas traders? 30, 2022 (more than two years). According to a senior market analyst at the PRICE Futures Group, quite possibly. Yesterday the NYMEX Henry Hub “front month” futures price closed up 22.8 cents at $4.35/MMBtu—the
The boss of Centrica, the FTSE 100 parent company of British Gas, has seen his pay slashed by almost half for the groups latest financial year. OShea, who has been CEO of the FTSE 100 company since 2020, had previously received 4.49m in 2022. Chris OShea took home 4.3m for the 12 months, down from the 8.2m
Oil and gas companies have been the biggest winners of the energy price hikes of 2022. Oil and gas companies have hugely profited from 20322’s energy price hikes. The world’s top public oil and gas producers cumulatively benefited from over. Is there hope that they will? Joelle Thomas reports.
Hexagon Agility has received an order for Mobile Pipeline TITAN modules from RenewGas Transportation, a provider of complete turnkey transportation solutions for renewable natural gas (RNG). million for delivery in Q4 2022 thru […]. These modules will be used to transport and deliver RNG derived from agricultural waste.
The Regional Transportation Commission of Southern Nevada (RTC) has exercised options for 24 Xcelsior compressed natural gas (CNG) 60-foot, heavy-duty transit buses from New Flyer of America Inc.’s s backlog in Q4 2022.
The outcome of a Russian claim against Shell for alleged unpaid natural gas deliveries is uncertain, the supermajor said on Tuesday, adding that it is not possible to estimate the amounts of any possible payments and obligations. Shell withdrew from its operations in Russia shortly after the Russian invasion of Ukraine in February 2022.
In December 2022, Rice Acquisition Corp II, a special purpose acquisition company (SPAC) started by the Rice brothers (Danny, Toby, and Derek), announced a deal to acquire Net Power an electric power developer with revolutionary new technology to capture every last molecule of carbon dioxide from natural gas-fired power plants (see Dan Rice Buys.
The California Air Resources Board (CARB) has released a report for greenhouse gas emissions in 2022 that shows a drop across most sectors that is the equivalent of removing more than 2.2 million gasoline-powered cars off California’s roads for one year.
Unitil Corporation, a provider of natural gas and electricity delivery service to customers in New England, is continuing its transition to a sustainable fleet by adding more hybrid electric vehicles and launching a program to reduce vehicle idling time.
The Millennium Pipeline, which stretches 263 miles from Corning, NY, to just outside New York City, delivers Pennsylvania Marcellus and Utica gas to utility and power plant markets across New York State and New England. In 2022, DT Midstream became the majority.
a company focused on providing natural gas for transportation applications, says it sold 58.6 million gallons of renewable natural gas (RNG) in Q2 2023, a 17.2% increase compared to Q2 2022. Clean Energy Fuels Corp.,
Oil rigs drove the decline with a loss of 9, while gas rigs rebounded with a gain of 5. Baker Hughes reclassified 8–10 rigs in Marcellus/Utica (gas vs. oil), with historical totals unchanged. According to the latest Baker Hughes report, the total number of active rigs fell by 4 to 559, the lowest level since November 2021.
The European Union (EU) has had to rethink and reconfigure major elements of its policies around natural gas since Russia’s invasion of Ukraine in February 2022.
The first $25 million loan was completed in October 2022. Department of Agriculture (USDA) through […] The post Renewable Natural Gas Project Receives Additional Funcding appeared first on NGT News. The loan, guaranteed by the U.S.
(Investing) –BRUSSELS -The European Commission will next month propose legal measures to phase out the EUs imports of all Russian gas and liquefied natural gas by the end of 2027, it said on Tuesday. Others, including Poland and the Baltic states, already stopped buying Russian gas. WHAT HAPPENS NEXT?
private) (N/A – private; high gas focus) (N/A – private) ~7–9 rigs in Oklahoma (2025) (21 wells drilled in 2023) Note: MBOE/d = thousand barrels of oil equivalent per day. Indeed, industry data indicates Ovintiv added an extra rig in Oklahoma early 2025 as gas prices improved.) Liquids” includes crude oil and NGLs.
mtpa LNG deal completed with Sempra in December 2022 and the acquisition of Chesapeake Energys oil and gas assets in South Texas in May 2023. mtpa LNG deal with Sempra and the acquisition of Chesapeake Energys oil and gas assets in South Texas. in the past three years, following the 1.4 “The U.S.
The December 2022 Christmas freeze in the southeast U.S. Extreme temperature and weather events have become more prevalent in the past decade. saw many areas experiencing single-digit temperatures. The February […] The post Cold Weather: How to Maintain Power Plant Readiness and Reliable Operation appeared first on POWER Magazine.
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