Wednesday, June 18, 2025
Global inflation brings ever-cheaper clean energy to an end- oil and gas 360

Global inflation brings ever-cheaper clean energy to an end

World Oil NEW YORK (Bloomberg) –The era of ever-cheaper clean power is over, giving a fresh jolt of uncertainty to global energy markets battered by one supply crisis after another.   Relentless price declines over the past decade made renewables the cheapest sources of electricity in much of the world. In the past year, though, prices for solar panels have

Shares in Siemens Energy and its wind business tumble after profit warning- oil and gas 360

Shares in Siemens Energy and its wind business tumble after profit warning

Reuters MADRID/FRANKFURT -Shares in wind turbine maker Siemens Gamesa tumbled on Friday after it cut its financial outlook for the third time in nine months, dragging down the market value of its rivals as well as parent company Siemens Energy.   Siemens Gamesa shares listed in Spain, where the company is based, slumped as much as 16.2% to their lowest

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

U.S. rig count increased by 3 this week, at 604

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of 3 over last week, resulting in a total count of 604 rigs. Canada had an increase of 21 over last week, resulting in a total Canadian count of 212 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Haynesville, and

U.S. safety firm withdraws certification for two oil tankers over Iran sanctions- oil and gas 360

U.S. safety firm withdraws certification for two oil tankers over Iran sanctions

Reuters LONDON – Two tankers have had their environmental and safety classification withdrawn by a U.S. company that provides such certification, after accusations by a U.S. advocacy group that they had shipped cargoes of Iranian oil, documents seen by Reuters show.   Countries targeted by tougher U.S. sanctions, including Iran and Venezuela, have responded to the mounting pressure with elaborate

Texas natural gas production falls as freezing weather sets in- oil and gas 360

Texas natural gas production falls as freezing weather sets in

World Oil (Bloomberg) –Texas natural gas production dropped for the second time this month because of freezing temperatures settling over the state. Output on Thursday was down 6.2%, according to preliminary BloombergNEF data based on pipeline flows. That’s the biggest decline since Jan. 2, when a similar blast of frigid air curbed supplies. “It’s a safe assumption to call freeze-offs,”