Post Tagged with: "Europe"

European natural gas storage inventories are at record-high levels at the end of winter

European natural gas storage inventories are at record-high levels at the end of winter


EIA


European natural gas storage inventories as of March 1, 2020, were 60% full—the highest ever recorded level for the start of March, according to Gas Storage Europe’s Aggregated Gas Storage Inventory (AGSI+). European stock levels for both January and …

March 24, 2020 - 10:15 am EIA News That Matters, Natural Gas News
Source: CNBC

Europeans trigger dispute mechanism in urgent bid to save Iran nuclear deal

CNBC


DUBAI, United Arab Emirates — After more than 18 months of sticking up for the Iran nuclear deal after the U.S. administration left it in May 2018, European Union signatories have triggered a dispute mechanism in the accord over 

Oil Eases as Fed’s Jackson Hole Meeting Gets Underway

Oil Eases as Fed’s Jackson Hole Meeting Gets Underway

From Reuters


Oil prices weakened on Thursday on worries about the global economy and as equity markets were on edge over the uncertain outlook for U.S. interest rate cuts.

Traders are awaiting a speech from Federal Reserve Chair Jerome Powell …

Courtesy of Chesapeake

Oil Steadies as Hopes of Easing Trade Tensions Lend Support

From Reuters


Oil prices steadied on Tuesday on optimism U.S.-China trade tensions will ease and hopes major economies will take stimulus measures to ward off a possible economic slowdown, after falling earlier on concerns over future demand.

Brent crude LCOc1 …

Oil Rises 2% After Attack on Saudi Field, Stimulus Expectations

Oil Rises 2% After Attack on Saudi Field, Stimulus Expectations

From Reuters


Oil prices gained roughly 2% on Monday after a weekend attack on a Saudi oil facility by Yemen’s Houthi forces threatened crude supplies and as traders looked for signs that top economies would take measures to counteract a …

Oil Deepens Slide on Recession Fears, China’s Trade Threats

Oil Deepens Slide on Recession Fears, China’s Trade Threats

From Reuters


Oil prices fell more than 1% on Thursday, extending the previous session’s 3% drop, pressured by mounting recession concerns and a surprise boost in U.S. crude inventories.

In a sign of investor concern that the world’s biggest economy …

Oil Drops 3% on Weak Global Economic Data, U.S. Crude Stocks Build

Oil Drops 3% on Weak Global Economic Data, U.S. Crude Stocks Build

From Reuters


Oil prices shed 3% on Wednesday after fresh Chinese and European economic data revived global demand fears and U.S. crude inventories rose unexpectedly for the second week in a row.

Brent crude LCOc1 settled at $59.48 a barrel, …

OPEC keeps curbs - Saudi Arabia Minister of Energy Khalid Al-Falih - Oil & Gas 360

Saudis to Limit Oil Exports in September to Stabilize Market

From The Houston Chronicle


Saudi Arabia plans to keep oil exports below 7 million barrels a day next month as OPEC’s biggest producer allocates less crude than customers demand in a bid to stabilize the market, according to the kingdom’s …

BP to Enter India’s Fuel Retail Market with Reliance Tie-Up

BP to Enter India’s Fuel Retail Market with Reliance Tie-Up

From Reuters


Global oil major BP is deepening its ties with Indian conglomerate Reliance Industries by forging a fuel retailing joint venture to capitalize on rising demand in Asia’s third-biggest economy.

The move comes days after BP said it would …

UK Joins United States for Maritime Security Mission in Gulf

UK Joins United States for Maritime Security Mission in Gulf

From Reuters


Britain on Monday joined the United States in a maritime security mission in the Gulf to protect merchant vessels travelling through the Strait of Hormuz after Iran seized a British-flagged vessel.

British officials stressed that there was no …

GE’s Baker Hughes Beats Estimates on International Demand, LNG Drilling

GE’s Baker Hughes Beats Estimates on International Demand, LNG Drilling

From Reuters


General Electric Co’s oilfield services arm, Baker Hughes, beat quarterly profit estimates on Wednesday, driven by higher LNG drilling and demand for its oilfield services in international markets, sending its shares up nearly 6%.

Revenue in the oilfield …

Source: Sweetcrudereport.com

Global Economic Slowdown Reducing Oil Demand

By Tyler Losier, Energy Reporter, Oil & Gas 360

Supply deficit quickly flipped to surplus: International Energy Agency data now shows 500,000 barrel per day global surplus for Q2 2019
Despite the OPEC+ supply cuts agreed upon earlier this month,

Europe Bailed Out by Cheap LNG

Europe Bailed Out by Cheap LNG

From Bloomberg

In the Netherlands, once Europe’s largest natural gas supplier, one of the big questions is how to deal with declining production and increasing reliance on imports.

For hundreds of energy traders, utility executives and analysts gathering in Amsterdam …

May 13, 2019 - 5:29 pm Closing Bell Story‎, Energy News, LNG, Natural Gas News
Europe’s Refineries Stop Taking Contaminated Russian Oil

Europe’s Refineries Stop Taking Contaminated Russian Oil

From Bloomberg

A major Russian oil pipeline will remain shut for another week as its operators resolve a chemical contamination that forced refiners in Eastern Europe to stop taking crude deliveries.

Talks in Minsk between officials from countries along the …

April 26, 2019 - 5:16 pm Closing Bell Story‎, Crude Oil News, Energy News
DCIM100MEDIADJI_0108.JPG

Wars, Coups and Protests Don’t Stop Gas Flowing to Europe

From Bloomberg

Arab Spring-style protests have rocked Europe’s third-biggest natural gas supplier. Thousands of young Algerians have taken to the streets, fed up with an octogenarian president who’s been in power for 20 years and a weak economy that doesn’t …

March 4, 2019 - 12:45 pm Closing Bell Story‎, Energy News, Natural Gas News
EU Starts Natural Gas Price War that Trump and Putin Will Love

EU Starts Natural Gas Price War that Trump and Putin Will Love

Pipeline rules seen removing political risk in European prices

From Bloomberg

The stage has been set for a European natural gas price war that will help boost demand and enable both Russia and the U.S. to increase sales to the …

February 18, 2019 - 4:14 pm Closing Bell Story‎, Commodity Pricing, International, LNG
Source: HRW.org

German Recession Looming Over Nation’s Industrial Backbone

From American Journal of Transportation

More than half of Germany’s small and medium-sized enterprises think Europe’s biggest economy could contract next year, hobbled by slowing global growth, trade disputes and a stuttering auto sector.

Almost 53 percent of so-called “Mittelstand” …

December 31, 2018 - 6:00 am Closing Bell Story‎, Economy, Energy News, International
Vermilion Energy Closes $1.4 Billion Acquisition

Vermilion Energy Closes $1.4 Billion Acquisition

Vermilion Energy Inc. (ticker: VET) closed the acquisition of Spartan Energy Corp. for a total consideration of $1.40 billion, comprised of $1.23 billion in Vermilion shares plus the assumption of approximately $175 million in debt.

Vermilion acquired all of the …

Iran’s Short-Lived Oil and Gas Boom

Iran’s Short-Lived Oil and Gas Boom

Iran’s energy sector will feel the repercussions of renewed sanctions

Iran has the world’s fourth-largest proved crude oil reserves and the world’s second-largest natural gas reserves, but production in the country has been suppressed by international sanctions and underinvestment.

Iran’s Short-Lived Oil and Gas Boom

Although …

Illustrative Map of Turkey

TransAtlantic Petroleum Drilling Turkey

TransAtlantic Petroleum Ltd. (ticker: TAT) recorded a net loss in 2017 of $23.9 million, or $(0.50) per share. For Q4 2017, the company had a net loss of $4 million, or $(0.09) per share.

The company’s wellhead production from continuing …

Liquefied Natural Gas Plant, Australia

U.S. Crude Oil, NatGas Exports Both Hit New Highs

U.S. crude oil exports grew to an average of 1.1 MMBOPD in 2017, the EIA said, which is the second full year since restrictions on crude oil exports were removed. Crude oil exports in 2017 were nearly double the level …

In the past as much as 80% of natural gas for Europe passed through Ukraine.

Russia’s Gazprom Asked Court to Halt Ukraine Gas Contracts, Could Disrupt NatGas Shipments to Europe

From CNBC/Reuters

MOSCOW, March 2 (Reuters) – Russian gas giant Gazprom said on Friday it had asked a court to terminate its gas supply and transit contracts with Ukraine after being ordered to pay $2.56 billion to Kiev, in a …

March 2, 2018 - 10:46 am Closing Bell Story‎, Energy News
Vermilion Energy Increases Dividend, Reduces Debt

Vermilion Energy Increases Dividend, Reduces Debt

International producer Vermilion Energy Inc. (ticker: VET) increased production by 8% from Q3 2017, reaching an average of 72,821 BOEPD in Q4 2017.

For Q4 2017, Vermilion Energy reported net earnings of $8.645 million, or $0.07 per share. This compares …

Cove Point Fall Colors, Nov. 2017

Dominion Energy: Cove Point is Producing LNG

First U.S. east coast export facility is expected to enter commercial service in early March

Dominion Energy Cove Point (DECP, ticker: D) has begun producing liquefied natural gas. The company’s newly constructed natural gas liquefaction facility is undergoing commissioning in …

February 1, 2018 - 3:12 pm Closing Bell Story‎, Jobs, LNG, Oil and Gas 360 Articles
Asia takes 35% of U.S. exported crude oil Jan.-Aug. 2017; snags 40% of U.S. exports in Sept.-Oct.

U.S. Crude Exports Jump to Record Level After Harvey Disrupts Refining

Hurricane Harvey disrupted U.S. Gulf Coast refining operations from late August to September in 2017, and pausing operations led to record-high U.S. crude oil exports when facilities reopened after the storm, the EIA reported today.

In October 2017, crude oil …

Vermilion Energy Inc. Presenting at EnerCom Dallas Feb. 21-22, 2018

Vermilion Energy Inc. Presenting at EnerCom Dallas Feb. 21-22, 2018

Vermilion Energy Inc. (ticker: VET) with headquarters in Calgary, Alberta, is focused on the acquisition, exploration, development and optimization of producing properties in North America, Europe and Australia.

North America

Vermilion owns 90,000 net acres in the West Pembina Cardium …

January 12, 2018 - 5:31 pm Closing Bell Story‎, Earnings, EnerCom Dallas 2018
Europe Feels Pressure to End Use of Diesel Fuel

Europe Feels Pressure to End Use of Diesel Fuel

Poor air quality driving European cities against diesel

At the December C40 meeting in Mexico, the mayors of Paris, Mexico City, Madrid and Athens announced that they will stop the use of all diesel-powered cars and trucks by the middle …

EnerCom Dallas will Showcase Oil & Gas Industry Leaders Next Week

EnerCom Dallas will Showcase Oil & Gas Industry Leaders Next Week

EnerCom Dallas will feature upside opportunities in oil and gas March 1-2, 2017 – at the Tower Club Downtown Dallas

On March 1 at 7:00 a.m. CST, just one week away, the EnerCom Dallas oil and gas investment conference will …

Source: http://www.gazprom.com/press/gallery/events/649250/

Gazprom Holds First New York Investor Meetings Since its Pivot to Asian Markets

Non-Public Budget Indicates Gazprom Plans to Increase its European Market Share by 2%

Russia’s state owned gas giant Gazprom (ticker: OGZPY, Gazprom.com) is hoping to increase its share of the European market to 33% this year, 2% more than …

Global Oil Markets: Saudi Arabia Looks to Pick Up Russia’s Share of Europe

Global Oil Markets: Saudi Arabia Looks to Pick Up Russia’s Share of Europe

As competition in Asia increases, Saudi Arabia turns to European Buyers

As competition in Asia has become increasingly fierce as producers look to gain the largest possible foothold in the world’s fast growing markets. The fight for market share is …

October 16, 2015 - 5:39 pm International, Oil and Gas 360 Articles