Wednesday, May 7, 2025
Melting snow drives Nordic power prices down, hits earnings at renewables producer- oil and gas 360

Melting snow drives Nordic power prices down, hits earnings at renewables producer

CNBC One of Europe’s largest generators of renewable energy, Statkraft, said Friday that Nordic power prices had been “pushed down” in the second quarter due to high levels of snow melt. Announcing its results for the period, the company cited “significant hydrological surplus due to high snow reservoirs” as putting pressure on prices. In addition, issues with reduced capacity in

U.S. rig count had an increase of 1 this week, at 255- oil and gas 360

U.S. rig count decreased by 5 this week, at 253

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had a decrease of 5 over last week, resulting in a total count of 253 rigs. Canada had an increase of 6 over last week, resulting in a total Canadian count of 32 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only 1 region,

U.S. OKs start of seventh unit at Kinder Morgan Georgia Elba LNG export plant-oil and gas 360

U.S. OKs start of seventh unit at Kinder Morgan Georgia Elba LNG export plant

Reuters U.S. energy regulators on Friday approved Kinder Morgan Inc’s request to put the seventh liquefaction train at its nearly $2 billion Elba Island liquefied natural gas (LNG) export plant in Georgia into service. Kinder Morgan said Train 8 was ready for service on July 13, according to a filing with the U.S. Federal Energy Regulatory Commission (FERC). Trains 1-6