Gas Industry News
A collection of Gas latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Gas industry boom brings uneven growth to Western Downs towns
In Chinchilla on Queensland's Western Downs, Lyn McCullough throws open the doors of her bakery at 4am. It is still dark and, at this time of year, cold. But within minutes, a line of high-vis-clad workers files in, stocking up before heading out…
How China is cashing in on a global scramble for offshore oil and gas
Though rising oil and gas prices are causing havoc in the global economy, they have proved a windfall for one sector: China's vast offshore engineering equipment industry. The increase in global fossil fuel prices over the past few years has…
Trump tries to boost oil and gas drilling in remote Alaska
On Friday, the Interior Department's Bureau of Land Management was set to hold an oil and gas lease sale bid opening for tracts of land in the Coastal Plain of the wildlife refuge, also known as the 1002 area. The area stretches across 1.56 million…
U.S. Natural Gas Futures Give Back Some Gains
1021 ET – U.S. natural gas futures are lower after advancing the previous two sessions on a hotter weather outlook and the report of a below-average weekly storage injection. The inventory data looked particularly supportive for Henry Hub…
Why is the US not drilling more oil as gas prices soar
The United States is producing more oil than any country in the world. Yet Americans are still paying sharply higher prices at the pump—and experts told Newsweek that more domestic drilling is unlikely to deliver quick relief. The national…
Dollar General Shoppers Cut Back on Food Due to High Gas Prices
This article is for subscribers only. Welcome to Bloomberg's Retail Monitor. Every Friday we'll deliver you clear insights on industry trends, headwinds and emerging opportunities. Sign up now if you're not already on the list. Dollar General says…
Trump's Alaska Oil and Gas Lease Auction Draws Just Two Bidders
Only two bidders participated in the Trump administration's auction for drilling leases in Alaska's Arctic National Wildlife Refuge as big oil companies sat out the sale. The Alaska Industrial Development and Export Authority, a state agency, and…
Republicans face ticking midterm clock as Iran fallout keeps pressure on gas prices
As the Trump administration weighs diplomacy and military pressure against Iran, a political clock is ticking at home. Even if the Strait of Hormuz — the global oil choke point largely shuttered since the conflict with Iran due to Iranian…
Gas prices: Drop 17 cents per gallon in one week as decreases at the pumps continue
The national average price for regular gas fell on Friday, dropping 17 cents in one week to $4.22 per gallon, according to AAA. Gas prices have declined for two consecutive weeks, amid a decrease in hostilities between the United States and Iran.
Eco tycoon backing North Sea 'tie-backs' maximising oil and gas supply
ECO-TYCOON Dale Vince is demanding Labour push ahead with maximising drilling in the North Sea to boost oil and gas supply. The Labour donor piled pressure on Ministers to open up “tie-backs” that allows exploitation next to existing…
European Gas Set for Weekly Gain With US-Iran Deal Still Elusive
European natural gas prices headed for a weekly gain as uncertainty over the prospects for a peace deal between the US and Iran dominated sentiment after fighting in the Middle East intensified. Benchmark futures rose as much as 1.3% after…
Local media are inoculating their audiences against the false narrative that gas prices will plummet once the conflict in Iran is resolved
As President Donald Trump's war with Iran has caused oil prices to surge, spiking gas prices across the country, local news media have spotlighted the various impacts these record high prices have had on Americans. Many outlets have rejected a…
Heads up Houston: Top oil execs predict gas prices to spike again
HOUSTON – Top Oil Execs Predicting Gas Prices To Zoom Up Once Again Top oil industry executives are warning the Trump administration that global oil supplies are getting dangerously tight because of the war with Iran. They say the disruption…
Kemi Badenoch erupts at 'utter madness' as huge amount of North Sea oil and gas revealed
Kemi Badenoch is calling for more oil and gas drilling in the North Sea Kemi Badenoch hit out at the 'utter madness' of opposition to North Sea drilling after new research showed the huge amount of oil and gas still remaining. A study by the…
Oil execs warn Trump that gas prices could spike due to dwindling supplies: report
Several oil industry executives have reportedly privately warned the White House that the ongoing closure of the Strait of Hormuz is straining global oil inventories and could lead to gas price spikes in the coming weeks. For more than three…
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