Tuesday, August 26, 2025
Analysis: Gas faces existential crisis in climate wary Europe- oil and gas 360

Factbox: Getting out of gas – the sold and scrapped projects

Reuters LONDON – Natural gas, long touted as a transition fuel by policymakers and industry, is losing its appeal for some producers in Europe as they try to reach net-zero emissions. Below are examples of projects that have been dropped, gas asset sales and companies shifting focus. SOLD AND SCRAPPED Earlier this year, Drax Group, which aims to become carbon

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count increased by 5 this week, at 453

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of  5 over last week, resulting in a total count of 453 rigs. Canada had an increase of 4 over last week, resulting in a total Canadian count of 59 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Cana Woodford,

Oil prices jump but India coronavirus cases weigh- oil and gas 360

Oil prices jump but India coronavirus cases weigh

Reuters LONDON – Oil prices rose on Friday, reversing some of the previous day’s sharp losses as stock markets strengthened and the U.S. dollar slipped, though gains were capped by the coronavirus situation in major oil consumer India. Brent crude oil futures were up $1.23, or 1.8%, at $68.28 a barrel by 1349 GMT and West Texas Intermediate (WTI) crude

Asia’s Oil Buying Spree

The strong economic recovery throughout much of Asia is driving high demand for crude oil. …

U.S. senator floats bill to aid states hit by federal oil leasing pause- oil and gas 360

U.S. senator floats bill to aid states hit by federal oil leasing pause

Reuters WASHINGTON – Democratic Senator Martin Heinrich on Thursday introduced a bill that would help states that rely on oil and gas revenue weather the U.S. transition away from fossil fuels by offering federal support to help fill gaps in state and school budgets hit by a decline in oil and gas production. The Schools and State Budgets Certainty Act

Colonial Pipeline ramps up as U.S. seeks to emerge from fuel crunch- oil and gas 360

Colonial Pipeline ramps up as U.S. seeks to emerge from fuel crunch

Reuters WASHINGTON – Colonial Pipeline ramped up deliveries to fuel-starved markets up and down the East Coast on Friday following a nearly week-long outage caused by hackers, as Washington sought to reassure motorists that supplies would return to normal soon. Source: Reuters The strike on the nation’s largest fuel pipeline was most disruptive cyberattack on record, triggering days of widespread