naturalgas
North Sea gas company Serica Energy says it is considering pulling out of Britain and look at establishing itself in Nordic countries such as Norway, because of the UK's increasingly heavy tax regime. If so, this could be a significant blow to Britain's energy sector, which has seen several offshore energy companies exit the country following steep tax hikes. Serica Energy currently accounts for approximately 600,000 barrels of oil per day, as well as about 5% of gas supply in the UK. The UK's attractiveness as a drilling destination has been falling recently, following taxes on UK oil and gas...
Euronews (English)
Sweden has emerged as a standout example in Europe, proving that substantial economic growth and significant reductions in greenhouse gas emissions can go hand-in-hand. Since 1990, the Scandinavian nation has achieved an impressive 80% reduction in net greenhouse gas emissions while simultaneously doubling the size of its economy. This accomplishment is particularly notable given Sweden’s industrial base, which includes high-emission sectors such as steel, cement, and automotive manufacturing. 70% of Sweden’s electricity is derived from renewable sources Sweden’s success can be largely attribu...
Invezz
European natural gas prices have surged to their highest levels of 2024, driven by a confluence of factors including supply concerns and slower-than-expected storage builds. Despite storage levels being relatively comfortable across the continent, fears of disruptions in Russian fuel supplies crossing Ukraine have further fueled the rally, with benchmark futures trading above €39 per megawatt-hour in early August. The ongoing conflict in Russia’s Kursk region, home to a crucial gas intake point, has heightened these concerns, causing prices to spike for a third consecutive day. Supply concerns...
Invezz
Ukrgasvydobuvannya, Ukraine's largest gas producer and part of the state Naftogaz Group, put into operation a high-rate well that produces 274,000 cubic meters of gas per day, Naftogaz Group reported on July 30. Once heavily dependent on Russian gas, Ukraine successfully shifted to other suppliers in the previous decade and expanded its own production. For the first time in history, the country went through last winter using only its own gas. "The commissioning of the new well increased the daily production of natural gas at the deposit by 17%," Naftogaz Group CEO Oleksii Chernyshov said. The ...
Kyiv Independent (UK)
Ukrgasvydobuvannya, Ukraine's largest gas producer and part of the state Naftogaz Group, put into operation a high-rate well that produces 274,000 cubic meters of gas per day, Naftogaz Group reported on July 30. Once heavily dependent on Russian gas, Ukraine successfully shifted to other suppliers in the previous decade and expanded its own production. For the first time in history, the country went through last winter using only its own gas. "The commissioning of the new well increased the daily production of natural gas at the deposit by 17%," Naftogaz Group CEO Oleksii Chernyshov said. The ...
Kyiv Independent (CA)
Ukrgasvydobuvannya, Ukraine's largest gas producer and part of the state Naftogaz Group, put into operation a high-rate well that produces 274,000 cubic meters of gas per day, Naftogaz Group reported on July 30. Once heavily dependent on Russian gas, Ukraine successfully shifted to other suppliers in the previous decade and expanded its own production. For the first time in history, the country went through last winter using only its own gas. "The commissioning of the new well increased the daily production of natural gas at the deposit by 17%," Naftogaz Group CEO Oleksii Chernyshov said. The ...
Kyiv Independent
European natural gas prices edged up 2% to €32.6 ($35.41) per megawatt-hour on Friday, reflecting a market grappling with supply disruptions and weak demand. This increase comes after a 2.1% decline on Thursday and a 4.3% surge on Wednesday, suggesting a potential modest weekly gain. The market’s volatility is underscored by Europe’s heightened dependence on global gas markets following the recent energy crisis. Supply concerns escalateTraders, who were previously complacent about supply issues, are now concerned as a result of unexpected shutdowns, milder weather conditions, and greater world...
Invezz
U.S. natural gas prices have plunged over the past week, with futures falling more than 10% to below $2.1 per million British thermal units (MMBtu). This dramatic drop is driven by disruptions in liquefied natural gas (LNG) exports and forecasts of milder weather. LNG export disruptionsA significant factor behind the price decline is reduced feedgas flows to LNG export facilities. According to Trending Economics, gas flows to U.S. LNG export plants have fallen to 11.6 billion cubic feet per day (bcfd) in July, down from 12.8 bcfd in June. The prolonged outage of the Freeport LNG project has be...
Invezz
The European Commission is sticking to a goal of ramping up ‘green’ hydrogen production from almost nothing to millions of tonnes a year by 2030 despite the European Court of Auditors (ECA) concluding today (17 July) that the target looks more aspirational than realistic. “The EU is unlikely to meet the targets it set for 2030,” lead author Stefan Blok told reporters ahead of the publication of an ECA report into EU hydrogen policy. “As a result, four years after the publication of the Hydrogen Strategy, we are calling for a reality check.” The highly flammable gas has been touted as a ‘green’...
Euronews (English)
In the first half of 2024, Ukraine's largest gas producer, Ukrgasvydobuvannya, pumped 8.8% more gas than in the same period last year, the company announced on July 16. The company produced 6.9 billion cubic meters of commercial gas, according to the statement. "Ukrgasvydobuvannya has put 41 new reservoirs into operation, 14 of which are high flow rate reservoirs. For example, the daily flow rate of one of the latter exceeds 400,000 cubic meters. These are very good results," Ukrgasvydobuvannya's acting CEO Serhiy Lahno said. The gas producer also reached 165,864 meters of drilling meterage ov...
Kyiv Independent
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