Gas Industry News
A collection of Gas latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
China's State Oil and Gas Champions Tested by Turbulent Markets
China's state-run oil and gas giants are holding back on aggressive expansion plans as they balance market turbulence against long‑term goals for energy security. The country's big three producers — PetroChina Co., Sinopec and Cnooc…
Abu Dhabi's 2PointZero Splashes Out $2.25 Billion in US Gas Deal
A company overseen by a prominent Abu Dhabi royal has agreed to buy a US gas infrastructure firm for $2.25 billion, the latest sign that Gulf firms are pressing ahead with overseas dealmaking even as the regional conflict enters its second month.
Trump suffers approval rating slump amid Iran war and spike in gas prices
Donald Trump's approval rating has fallen to a second-term low of 39.9 per cent, with a net approval of -16.7 per cent, according to polling expert Nate Silver. Silver attributes this decline, which includes a nearly 5 per cent drop this month, to…
Australia Launches Gas Tax Review as War Fuels LNG Windfall
Australia's parliament agreed to establish an inquiry into taxes paid by gas companies, to be led by a senator from the Greens party, a minor political group that has advocated higher levies on liquefied natural gas exports. The Senate on Monday…
Indian gas maker INOX Air Products plans $1 billion IPO, appoints bankers, sources say
MUMBAI, March 30 (Reuters) - Indian industrial and medical gas maker INOX Air Products is planning to launch a $1 billion initial public offering in Mumbai, and has appointed Kotak, JPMorgan and Citi to manage the IPO, three sources…
GM to Add Overtime to Boost Gas Pickup Output - TT
The General Motors Co. Flint Assembly plant in Flint, Mich. (Anthony Lanzilote/Bloomberg) General Motors Co. will start operating a Michigan truck plant on Saturdays later this year, adding overtime production to build more of its gas-powered…
Federal 'God squad' poised to exempt oil and gas drilling in the Gulf from endangered species rules
A U.S. government panel was due to convene Tuesday for the first time since 1992 to consider exempting oil and gas drilling in the Gulf of Mexico from the Endangered Species Act due to unspecified national security concerns, a move critics say…
US Natural Gas Drops on Warmer Outlook, Seasonal Storage Shift
US natural gas futures fell on forecasts showing warmer weather in the eastern US than previously expected, as well as market expectations that domestic stockpiles will increase relative to seasonally normal levels in the coming weeks as demand…
GM to Add Overtime at Michigan Plant to Boost Gas Pickup Output
General Motors Co. will start operating a Michigan truck plant on Saturdays later this year, adding overtime production to build more of its gas-powered heavy-duty pickups. The company will run additional hours at its Flint factory starting in…
Beetaloo in sweet spot as majors swoop on NT shale gas play
A surge of corporate activity is sweeping across the Northern Territory's Beetaloo Basin, shining a spotlight on Beetaloo Energy's 100 per cent-owned position, presiding over more than 28 million acres. Last week, Japanese giant INPEX confirmed a…
The renewable energy source homeowners are turning to as oil and gas prices soar
British households are increasingly turning to solar power, with E.On reporting a significant sales surge, as Middle East conflict prompts a re-evaluation of fossil fuel reliance. The electricity supplier revealed a 62% increase in solar panel…
Forget the windfall gas tax - Australia can monetise the PRRT now
Calls for the introduction of a 20 per cent windfall gas export tax would be a massive own goal. Not only would a tax trash our sovereign risk reputation, the calls come just as Japan and others are looking to further invest in Australian gas…
How Gas Prices Compare Around The World
The war in Iran has driven up oil prices in many countries, with gasoline prices turning into a topic of discussion around the world. The increases have been particularly pronounced in emerging markets, with gasoline prices jumping by more than 50…
America's Newest Natural-Gas Export Terminal Produces Its First LNG
Golden Pass LNG in Port Arthur, Texas, produced its first LNG Monday, its owners said, a big step toward selling more U.S. natural gas into the global market. For gas consumers who are dependent on imports, the additional supply can't come soon…
Binance Oil and Gas Futures: 100x Leverage Launching April 1st
Binance will unveil 24/7 perpetual futures trading in WTI crude (CLUSDT), Brent crude (BZUSDT), and natural gas (NATGASUSDT) on April 1. The three contracts, all USD-margined and settled in USDT, will each have up to 100x leverage. The first two…
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