Category: Natural Gas

BP, in a Reversal, Says It Will Produce More Oil and Gas

The New York Times – Business:
The company said global concerns about energy security prompted the change, as it reported record profits for 2022.
Shell’s Profit Soared to $42 Billion in 2022

The New York Times – Business:
The record haul, pushed by high energy prices and a hunger for liquefied natural gas, came as a new chief signaled a more “balanced approach” to renewable energy.
Oil Giants, After Surge in Profits, Are Wary About Spending

The New York Times – Business:
Economic and military uncertainty clouds the outlook for Exxon, Chevron and other energy companies, whose bonanza from high prices is already fading.
China’s Oil and Gas Use Fell in 2022 for First Time in Decades

The New York Times – Business:
Pandemic lockdowns curbed Chinese energy demand, but the International Energy Agency expects a rebound this year.
Natural Gas Shortages Hit China as Temperatures Plunge

The New York Times – Business:
Local governments starved for cash after enormous spending on costly “zero Covid” measures cannot afford to keep up adequate supplies of gas.
Why Are Energy Prices So High? Some Experts Blame Deregulation.

The New York Times – Business:
California and the 34 other states that have deregulated all or parts of their electricity system tend to have higher rates than the rest of the country.
Natural Gas Prices in Europe Fall to Pre-Invasion Levels

The New York Times – Business:
Warm weather, alternatives to Russian gas and a buildup of storage all help. But prices remain high for consumers and industry.
Investigating the Nord Stream Pipeline Sabotage

The New York Times – Business:
As investigators piece together clues, Russia has quietly taken steps to begin expensive repairs on the giant gas pipeline, complicating theories about who was behind September’s sabotage.
Germany’s Energy Crisis Is a Cue to Chop Wood and Stock Up

The New York Times – Business:
The high cost of natural gas and electricity is prompting many to prepare for outages and shortages. For some, it’s been a way of life for years.
Turkey Is Strengthening Its Energy Ties With Russia

The New York Times – Business:
As Moscow seeks new customers for oil, gas and coal, Ankara is a willing buyer as it promotes plans as a regional trading hub.
Qatar Extends Its Natural Gas Dominance at Russia’s Expense

The New York Times – Business:
As its influence grows, the country is poised to become a big energy supplier to Europe, which has turned away from Russia after its invasion of Ukraine.
Will Taxing the Windfall Profits of Oil Giants Fix Countries’ Economies?

The New York Times – Business:
Britain is raising a tax on gas and oil producers, and adding a levy on companies that supply electricity — a similar approach to that of other governments chasing revenue.