Gas Industry News
A collection of Gas latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Weak European Industry Is Keeping Gas Demand Depressed
Industrial demand for gas in Europe's largest nations remains depressed despite lower prices, as an economic slowdown weighs on consumption and customers pivot toward renewable energy. Demand for the fuel in Germany, Italy, the Netherlands, France…
How Gas Stoves Became a Weapon in the Culture Wars
Gas stoves were already developing a reputation as a climate villain. Then a came a report linking their use to childhood asthma and a US regulator's comment that they might be banned, and they were suddenly a part of the country's left-right…
Column: US gas inventories start summer well above normal: Kemp
LONDON, June 9 (Reuters) - Spring temperatures across the continental United States were close to the seasonal average - providing no relief to a gas market struggling with too much production and excess inventories accumulated last winter.
Tenaris Stock: A Solid Option In The Oil And Gas Industry (NYSE:TS)
Tenaris S.A. has experienced rapid revenue growth, with net sales increasing 75% YoY to reach $4.4 billion. The company has a strong financial position, with a solid balance sheet and substantial cash flows, making it an attractive investment…
Gas cylinders involved in industrial fire in Rainham
A fire involving gas cylinders has destroyed two buildings and damaged a van on an industrial site in east London. Large plumes of black smoke were captured on video by shocked residents near Willoughby Drive in Rainham on Friday morning. Around 25…
UK government sets price floor for oil and gas windfall tax
Rate of 75% will fall to pre-crisis level if prices decline Receive free UK Government updates We'll send you a myFT Daily Digest email rounding up the latest UK Government news every morning. The UK government has introduced a price floor for the…
Europe Gas Prices Surge 22% as Hot Weather Lifts Demand
European natural gas futures soared as much as 23%, as traders reassess supply risks amid signs of global competition for the fuel and a heat wave bearing down on the region. The benchmark contract is on course to end the week 38% higher, the most…
Windfall tax: tinkering will not pour oil on troubled North Sea waters
It should reduce downside risk for the E&P and for lenders, but its impact may end up being marginal Receive free Oil & Gas industry updates We'll send you a myFT Daily Digest email rounding up the latest Oil & Gas industry news every morning.
Natural Gas ETF Buying Spree Has Traders Fearing Wild Swings
A buying spree in ETFs tied to natural gas is spurring concern that the securities risk destabilizing a market that up until now has been the province of energy pros. Hedge funds and other investors have piled into the exchange-traded funds, known…
My Personal Gas Stove Saga
Confession: When TNR began covering the most recent wave of gas stove news, I was still cooking on a gas range. At first, replacing it didn't feel like a realistic option: The stove came with our rental. And while I wasn't wild about the…
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Factbox: Jefferies sees AI fuelling next wave of innovation in oil and gas sector
June 9 (Reuters) - With AI rapidly becoming a buzzword across industries, oil and gas companies are exploring ways to use this technology to fuel innovation in the energy sector. Here are 10 predictions for future applications of AI in energy…
Meet the deep-pocketed climate nonprofit pushing gas stove ban with direct line to Biden admin, China links
A nondescript climate-focused organization with heavy anonymous financial backing and extensive work in China has quietly established itself as a key player in the push to electrify the U.S. economy. The San Francisco-based Climate Imperative…
Montana gas power plant can resume construction, judge rules
BILLINGS, Mont. -- NorthWestern Energy will resume construction of a natural gas power plant along Montana's Yellowstone River following a two-month delay, a company spokesperson said Friday, after a state judge revived a pollution permit for the…
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US drillers cut oil and gas rigs for sixth week in a row - Baker Hughes
June 9 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a sixth week in a row for the first time since July 2020, energy services firm Baker Hughes Co (BKR.O) said in its closely followed report on…
Government accused of giving in to oil and gas giants with windfall tax change
T he Government has been accused of “bowing to pressure from oil and gas giants” by announcing that it will remove the windfall tax should the price of the commodities continue to fall. Ministers said they would slash the current 75%…
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