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BRUSSELS, Belgium: The European Union has announced a $48 billion plan, knowns as the "Chips Act," allowing Europe to become a major semiconductor producer and reduce its dependency on Asia. Semiconductor chips help to power everything from cars to hospital ventilators and game consoles. As the natural gas shortages and Europe''s reliance on Russia for energy are highlighting the political risks of economi

The post Natural Gas Futures Slide Back to $4.00 on Warming Temperatures, Waning Supply Concerns appeared first on Natural Gas Intelligence

Natural gas futures took a big step down midweek as weather models better aligned in showing more warmth in the forecast for the rest of the month. After

Natural gas spot prices at Henry Hub are set to average $4.70/MMBtu in February, according to updated projections from the U.S. Energy Information

Natural gas inventories are expected to decline by 211 Bcf

Mexico''s president wants to raise investment in fossil fuels while limiting private wind, natural gas and solar power.

Hunter Biden Tried To Broker Energy Deal With China''s State-Owned Oil Company: Emails Authored by Frank Fang via The Epoch Times, Hunter Biden , the second son of U.S. President Joe Biden, tried to broker a $120 million oil agreement in 2014 and 2015 between a Chinese state-owned oil company and Kazakhstans prime minister at that time, according to emails recently obtained by British newspaper the Daily Mail . The Chinese oil company alleged to be part of the deal, the State China National Offshore Oil Corporation ( CNOOC ), is not any ordinary firm. Last year, the U.S. Commerce Department identified the company as posing a threat to U.S. national security and added it to a trade blacklist called the Entity List . The Pentagon named CNOOC as one of Beijings military companies in December 2020. That same month, the U.S. State Department asked U.S. investors ( pdf ) to steer away from investing in stock and bond indices having malign PRC companies on their portfolios, with CNOOC being one of the many companies named.

By Scott DiSavino (Reuters) The Texas Railroad Commission (RRC), which regulates the states oil and natural gas industries, approved a financing order worth roughly $3.4 billion to prevent spikes in gas bills for over 4.2 million homes and businesses from last Februarys Winter Storm Uri.

WASHINGTON, Feb. 09, 2022 (GLOBE NEWSWIRE) -- The Global Sand Control Solutions Market size is expected to reach USD 4.46 Billion by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period. Increased reserve for the production of the wells and increasing shale development activities are propelling the growth of sand control solutions market. On the other hand, changing crude oil prices is hindering the sand control solutions market growth. Whereas, rising offshore production and exploration activities is expected to provides various growth opportunities of sand control solutions market, states Vantage Market Research, in a report, titled: " Sand Control Solutions Market by Location (Onshore, Offshore), by application (Open Hole, Cased Hole), by Well type (Horizontal, Vertical), by Type (Gravel Pack, Frac Pack, Sand Screens, Inflow Control Devices), by Region (North America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)".

Dublin, Feb. 09, 2022 (GLOBE NEWSWIRE) -- The "Global Oil & Gas Pipeline Leak Detection Market, By Type (Upstream, Midstream and Downstream), By Internal v/s External, By Internal Leak Detection Method, By External Leak Detection Method, By Application, By End Use, By Region, Competition, Opportunity and Forecast, 2016-2026" report has been added to ResearchAndMarkets.com''s offering. The Global Oil & Gas Pipeline Leak Detection Market was valued at USD2401.32 million in 2020 and is anticipated to grow with a CAGR of 10.21% to reach the value of USD4390.43 million by 2026. Growing energy requirements, rising offshore & onshore exploration activities in the oil & gas industry, and increasing investments by oil & gas market players to prevent gas leakage are the primary factors driving the growth of the Global Oil & Gas Pipeline Leak Detection Market in the forecast period. Rising incidences of leakages in pipelines can lead to huge loss of lives and monetary losses, making the market players adopt safety measures during oil & gas exploration activities.

European natural gas and electricity fell for a third day as worries over supply waned amid forecasts for milder weather.

Russia can increase the volume of natural gas it supplies to European countries once there is a request for it, which is currently not being made due to high spot market prices, Russian Permanent Representative to the EU Vladimir Chizhov told Sputnik in an interview

- US natural gas prices settled slightly higher on 8 February as revised weather forecasts showed stronger regional demand - The March 22 front-month contract settled at $4.25/MMBtu, up less than