Wednesday, 5 February 2025

Spotlight: Natural Gas

FILE - Pump jacks work in a field near Lovington, N.M., April 24, 2015. (AP Photo/Charlie Riedel, File)
BusinessEmissionsEnvironmentNatural GasNewsPoliticsRegulations

New Mexico seeks record $47.8M fine for excess air pollution by natural gas processor

New Mexico fines Targa Resources $47.8M for alleged air pollution, issuing cease order at gas plant near Texas border.

FILE PHOTO: A view shows the building of Norway’s central bank (Norges Bank) in Oslo, Norway, June 23, 2022.  REUTERS/Victoria Klesty/File Photo
BusinessFuelNatural GasNewsOil

Norway wealth fund hits record 20 trillion crowns

Norway's fund owns about 1.5% of all listed stocks globally.

FILE PHOTO: The logo of British multinational oil and gas company BP is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
BusinessFuelNatural GasNewsSolarWind

BP seeks buyers for US natural gas pipeline system stake, sources say

BP could raise up to $3 billion from the sale of up to a 49% stake in the business.

FILE PHOTO: Snow covers the roofs of the so-called "Alter Flecken" (old spot), the historic core of Freudenberg with its half-timbered houses from the 17th century in the heart of the federal state of North Rhine-Westphalia near the city of Siegen, Germany,  January 19, 2024.   REUTERS/Wolfgang Rattay/File Photo
ChemicalsElectricityFuelIndustryLiquefied Natural GasManufacturingNatural GasNews

Analysis: Gas price shock set to add to Europe’s industrial pain

EU gas demand is 17% below the five-year average observed during pre-pandemic years — but it is still vulnerable to price shocks.

FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, July 21, 2014. Pump jacks are used to pump crude oil out of the ground after an oil well has been drilled. REUTERS/Todd Korol/File Photo
ClimateEnvironmentFuelNatural GasNewsOil

Canadian oil province Alberta cleans up 5% of inactive wells in 2023

Alberta now has 79,000 wells classed as inactive versus 83,000 in 2022.

Northern Ireland Economy Minister Conor Murphy (PA)
ClimateEconomyEmissionsNatural GasNewsOilPoliticsRegulations

Northern Ireland moves to ban fracking

Northern Ireland backs fracking ban, advancing renewable energy goals and aligning with net-zero targets; legislation in 2025.

A new report says Alberta's oil and gas producers spent $769 million cleaning up old wells in 2023, a $73 million increase from the prior year. A pumpjack draws out oil from a well head near Calgary on Saturday, Sept. 17, 2022. THE CANADIAN PRESS/Jeff McIntosh
BusinessEconomyEmissionsEnvironmentInfrastructureNatural GasNewsOilRegulationsReports

Number of inactive oil and gas wells in Alberta fell five per cent in 2023: report

Alberta oil producers spent $769M on well cleanups in 2023, exceeding provincial requirements as inactive wells dropped by five per cent.

Sir Keir Starmer set out his Government’s ‘plan for change’ at Pinewood Studios in Slough on Thursday (Darren Staples/PA)
ElectricityFuelNatural GasNewsSolarWind

Starmer denies watering down green power target in new ‘plan for change’

The Labour election manifesto promised “zero-carbon electricity” — but critics say the party has since watered down their plan.

Shell and Equinor say they are creating 'the UK North Sea's biggest independent producer' of oil and gas (AFP)
BusinessFuelNatural GasNewsOil

Shell, Norway’s Equinor to form joint UK oil and gas firm

The joint venture "will be the UK North Sea's biggest independent producer."

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