Gas Industry News
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MPs reject Tory bid to issue new oil and gas licences
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. A bid to permit licences to explore new oil and gas…
'Only a complete whacko' would scale down North Sea oil and gas, MPs told
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Boosting renewable energy supplies will stop…
MPs reject Tory bid to issue new oil and gas licences
A bid to permit licences to explore new oil and gas fields has been rejected by MPs. The Commons voted 108 to 323, majority 215, to throw out a Tory amendment to the King's Speech which pressed ministers to approve drilling at Rosebank and Jackdaw…
Gas giant warns Labor on risk of 'Argentina-style' industry collapse
One of Australia's largest gas producers warns the Albanese government risks replicating failures that led to the decline of the industry in Argentina if it curbs gas exports too aggressively and kills off investment in future domestic sources of…
Average gas spikes to $4.53: Trump dismisses toll as approval plunges
President Donald Trump on Tuesday dismissed rising gas prices as “peanuts,” even as new polling shows his economic approval rating falling to a new low. The remarks highlight growing pressure on the White House as inflation and fuel…
Despite high gas prices, AAA predicts Florida Memorial Day traffic will be at a record high
Despite gas prices being at a four-year high, the auto club AAA anticipates a record 2.7 million Floridians will take to the roads for the Memorial Day holiday weekend. But while people still want to get out, some travel habits have been curtailed.
German Gas Storage to Fill Up Without Aid, Market Manager Says
Germany's gas market manager reiterated that it will not intervene on behalf of the government to refill the country's vast storage facilities, saying that levels should start rising soon. Traders typically need futures for winter months to be much…
Australia's Beach Energy Sees M&A Potential on Domestic Gas Plan
Australia's Beach Energy Ltd. believes it's a more attractive acquisition target due to a government plan to force gas producers to keep a portion of their sales at home. Beach, with an A$2.6 billion ($1.8 billion) market capitalization, only sells…
'Only a complete whacko' would scale down North Sea oil and gas, MPs told
Boosting renewable energy supplies will stop “petrostates and dictators” meddling with the UK cost of living, Ed Miliband has said, after his Conservative opposite number warned “only a complete whacko” would scale down…
Gas tax increase is on the ballot in Oregon amid skyrocketing prices
Oregon voters headed to the polls Tuesday with much of the primary election drama centered not on candidate races but on a contentious referendum to repeal a recently enacted gas tax increase. Measure 120 seeks to overturn a bill passed last fall…
Why hybrids are 'having their moment' as EVs and gas-powered vehicles lose market share
For much of the 2020s, automakers poured billions into fully electric vehicles while federal and state governments rolled out tax incentives aimed at accelerating EV adoption. But with federal EV tax credits gone, gas prices rising and car prices…
Solar to dominate power sector over coal and gas by 2032, report suggests
Renewable energy alternatives will become the largest sources of electricity in the next 10 years, new research suggests, as nations seek to diversify their energy resources to avoid future supply shocks, as seen with the closure of the Strait of…
Gas producers all fired up over domestic reservation
Resources Minister Madeleine King didn't attend the Australian Energy Producers conference in Adelaide this week but her ears must have been on fire rather than merely burning. The gas industry escaped Jim Chalmers' fervent budget wish to impose a…
Oil & Gas Dealmaking Heats Up With $20 Billion of Assets in Play
Buyout shops are finding a rare exit opportunity in the US oil patch. US private equity firms are shopping more than half-dozen closely held oil and gas companies in Texas, Colorado and elsewhere that together are worth about $20 billion, after the…
European Gas Rises as LNG Market Tightness Starts to Weigh
0754 GMT – European natural-gas prices hold above 50 euros a megawatt-hour as the Iran war drags on, fueling concerns over global supply. A tightening LNG market is already starting to weigh on Europe, with imports down 7% on year last…
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