Category: gas
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Ethereum Gas Fees: 5-Year Low Impact
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Image: bitcoinsensus In a groundbreaking turn of events, Ethereum Gas Fees Bitcoin prices have fallen to new record lows, with average fees falling below 2 GWI on August 10, 2024. We have not seen this remarkable feat in the past five years, indicating a major shift in the network’s operating…
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Ethereum Gas Fees: 5-Year Low Impact
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Image: bitcoinsensus In a groundbreaking turn of events, Ethereum Gas Fees Bitcoin prices have fallen to new record lows, with average fees falling below 2 GWI on August 10, 2024. We have not seen this remarkable feat in the past five years, indicating a major shift in the network’s operating…
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Natural gas prices have been negative a record number of times
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Sometimes supply and demand get so out of control that the producer has to pay the consumer instead of the other way around. This has happened more and more frequently in West Texas, where the natural gas closing price has been negative for 57 trading days this year through the…
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Reeves’ tax raid spells ‘game over’ for North Sea oil and gas
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The North Sea is approaching an “endgame zone” after Rachel Reeves pushed through a widening tax raid on oil and gas companies. On Monday, the chancellor delivered on Labour’s election pledge to impose tougher taxes on oil companies by increasing the Energy Profits Tax. Reeves announced that the tax, originally…
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Woodside Energy raises cost estimate for flagship Scarborough gas project (NYSE:WDS)
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AlexLMX/iStock via Getty Images Woodside Energy (New York:WDS) early tuesday Raise the estimated cost Shell has announced an increase in its share of development costs for its Scarborough natural gas project by US$500 million to US$12.5 billion, taking the company’s share of development costs to US$8.2 billion, with the increase…
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Vista Oil & Gas reports robust growth in Q2 2024 By Investing.com
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Vista Oil & Gas (ticker: VISTA) has reported significant growth in production and financial performance in its second quarter of 2024. The company’s total production surged by 40% year-over-year to 65,300 barrels of oil equivalent per day (BOEs per day), with oil production alone increasing by 46%. Total revenues for…
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Diversified Energy to buy east Texas natural gas assets in $106M deal (NYSE:DEC)
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sasacvetkovic33/E+ via Getty Images Diversified Energy (OTCQX:DEC) announced Wednesday that it has agreed to acquire East Texas natural gas properties and related facilities from Crescent Pass Energy in an all-stock transaction valued at approximately $106 million. Diversified Energy (OTCQX:DEC) said the assets include 827 net PDP units. The wells, which…
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Momentick teams with Sompo to cut greenhouse gas emissions
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Japanese insurance giant Sompo partners with Israeli startup Momentic Momentick will work to reduce greenhouse gas emissions from Japanese energy production sources, drilling rigs and gas pipelines. Momentick has developed a solution to identify and measure greenhouse gas emissions through satellite imagery. The Japanese government is interested in regulating its…
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Crude oil tallies Q2 loss but natural gas scores best quarter in two-and-a-half years
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Slavko Sereda/iStock via Getty Images Crude oil futures ended the week and month with gains as expectations for summer demand will continue to rise. Oil prices fell to multi-month lows in early June when OPEC+ said it would start easing production cuts after September, then Crude oil prices rose due…
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Record temperatures, higher natural gas prices to lift power bills this summer
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Pedrosala/iStock via Getty Images Higher electricity bills in the future For most of the United States this summer, the Energy Information Administration expects the average monthly residential energy bill in the United States to rise to $173 in June, July and August, up 3% from a year ago. The biggest…
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Record temperatures, higher natural gas prices to lift power bills this summer
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Pedrosala/iStock via Getty Images Higher electricity bills in the future For most of the United States this summer, the Energy Information Administration expects the average monthly residential energy bill in the United States to rise to $173 in June, July and August, up 3% from a year ago. The biggest…
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Europe’s Gas Traders Are Watching These Five Drivers This Summer
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Breadcrumb links BMN Business Summer used to be a slow season for the gas market in Europe, but for the third year in a row, it has become tense. Article writer: Bloomberg News Anna Shiraevskaya Posted on June 19, 2024 • 3 minutes read You can save this article by…
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Natural gas surges as weather forecasts see sizzling temps across U.S. (NYSEARCA:UNG)
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Straja/iStock via Getty Images U.S. natural gas futures jumped above $3 to their highest levels in five months on Tuesday, as weather forecasts called for above-average temperatures in much of the country. Forecast from the National Weather Service Much of the country showed hotter than normal temperatures The United States…
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U.S. natural gas pulls back after failing to hold above $3 (NYSEARCA:UNG)
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Straja/iStock via Getty Images US natural gas futures rose above $3 for the first time since November before retreating in another choppy session on Monday, failing to sustain initial strong gains on the prospect of increased demand from hot weather that could further exacerbate the problem. Reduce surplus storage in…
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Istanbul Pushes Ahead With IPO Plan for $10 Billion Gas Grid
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Breadcrumb links PMN works Istanbul authorities are reviving a plan to privatize the city’s gas network in what could be one of Turkey’s largest initial public offerings ever. Article writer: Bloomberg News Erkan Ersoy Posted on May 16, 2024 • 2 min read You can save this article by registering…
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Gas Gone Cheap! Ethereum Fees Plunge 93% To Rock Bottom Prices
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Ethereum users are rejoicing at the significant drop in gas fees, as the network saw its lowest level since early 2020. This translates into much cheaper transactions, making the platform more accessible to everyday users and developers. However, experts warn that this fee fest may be temporary, raising questions about…
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Argentina to Mine Bitcoin with Stranded Gas
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Argentina’s energy sector is increasingly turning to bitcoin, this time through a state-owned facility that uses natural gas extracted from oil fields that would otherwise go to waste. JUST IN: ?? Argentina’s state-owned subsidiary will do the mining $ Bitcoin With lingering gas: Forbes Eventually, every country will mine #Bitcoin…
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Gas stove pollution harms poor and minority Americans the most, study says
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Cooking with gas poses a health risk, but new research shows the risks are not evenly distributed. Scientists at Stanford University, Harvard University, and the Central California Asthma Collaborative found that poor Americans and racial and ethnic minorities are disproportionately exposed to harmful gas stove pollutants. Previous studies have shown…
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Sunak to Allow Oil and Gas Exploration at Offshore Wind Sites
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In a significant move likely to spark controversy, the government is set to allow fossil fuel companies to conduct oil and gas exploration under offshore wind sites for the first time. The announcement, scheduled for Friday, has drawn criticism from environmentalists, who say it signals a departure from the climate…
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Gas Stove Pollution Harms Poor and Minority Americans Most, Study Finds
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Breadcrumb links BMN Business Households with incomes of less than $10,000 per year face twice as much exposure to pollution as households earning more than $150,000. Article writer: Bloomberg News Alicia Clanton Posted on May 4, 2024 • 3 minute read You can save this article by registering for free…