Category: gas
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Israel’s gas royalties up 12.5% in H1 2024
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The Natural Resources Administration of the Ministry of Energy and Infrastructure today published its revenue report for the first half of 2024. Revenue from natural gas, minerals and raw materials in the first half of 2024 amounted to NIS 1.175 billion, an increase of 12% from NIS 1.044 billion in…
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Used EV prices have fallen far below gas vehicles
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The backlash against electric cars is on its way. As electric car manufacturers cut prices on new models, used electric cars are now 11% cheaper than gasoline models, According to iSeeCars data. A study of 1.6 million used cars (between one and five years old) sold between August 2023 and…
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Used EV prices have fallen far below gas vehicles
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The backlash against electric cars is on its way. As electric car manufacturers cut prices on new models, used electric cars are now 11% cheaper than gasoline models, According to iSeeCars data. A study of 1.6 million used cars (between one and five years old) sold between August 2023 and…
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U.S. natural gas slumps as Gulf of Mexico storm seen slamming demand (NYSEARCA:UNG)
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straga/iStock via Getty Images U.S. natural gas futures fell sharply on Monday as Tropical Storm Francine in the Gulf of Mexico was expected to make landfall on the upper Texas and Louisiana coasts on Wednesday, raising the possibility of lower natural gas prices by reducing demand. By cutting off power…
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How profiteers made Kenyans pay Sh24bn extra for cooking gas
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A new government-backed report reveals that Kenyan households are spending an additional Sh881 to buy 13kg of cooking gas due to a lack of competition in importing the commodity. A study report on the cost of service for the supply of Liquefied Petroleum Gas (LPG) by consultants hired by the…
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Falcon Oil & Gas Ltd. – Spudding of Shenandoah South 2H in Exploration Permit 98
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Aug 30, 2024 • 7 minute…
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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…