Post Tagged with: "Germany"

Source: Reuters

Germany adds brown coal to energy exit under landmark deal

Reuters


BERLIN – Germany is set to become the first country to drop both nuclear and coal power under a landmark agreement to compensate workers, companies and regional governments as it switches off brown coal-fired plants by 2038.

The government …

Source: Reuters

Merkel rules out retaliation after U.S. sanctions Russian gas pipeline

Reuters


BERLIN/FRANKFURT – Chancellor Angela Merkel said on Wednesday Germany would not retaliate against a decision by the United States to impose sanctions on companies building the Nord Stream 2 gas pipeline.

The U.S. Senate on Tuesday passed legislation to …

Source: Reuters

Germans to pay 5.5% higher levy for renewable power in 2020

Source: Reuters


FRANKFURT (Reuters) – Germany’s power network operators (TSOs) will hike by 5.5% next year the fee consumers have to pay to support the country’s shift toward renewable energies, they said on Tuesday, confirming what a source earlier told …

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 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, …

Source: EIA

Germany to Totally Exit Coal

By Tyler Losier, Energy Reporter, Oil & Gas 360

Proposal calls for the transition to occur by 2038
A government-appointed coal commission in Germany has laid the groundwork for a plan to phase out the use of coal completely by

Total declares force majeure on jet fuel at Germany’s Leuna refinery

Total declares force majeure on jet fuel at Germany’s Leuna refinery

From Reuters


PARIS (Reuters) – France’s Total on Tuesday declared force majeure on the production of jet fuel at its Leuna refinery in Germany following the supply of contaminated crude from Russia.

“We have declared Force Majeure on the jet …

EU, Britain, France, Germany Nix Iranian President’s Demand they Must Protect its Oil Exports

EU, Britain, France, Germany Nix Iranian President’s Demand they Must Protect its Oil Exports

EU, 3 nations reject Iran demands over nuclear deal, U.S. sanctions

Source: Gazprom; Nord Stream pipe

Germany Wobbles on Russian Gas Pipeline as Trump Pressure Starts to Bite

From Bloomberg

Support in German Chancellor Angela Merkel’s coalition for a major new Russian gas pipeline is slipping as frustration with the Kremlin’s brinkmanship grows and pressure from U.S. President Donald Trump starts to bite.

Nord Stream 2, an $11 …

January 8, 2019 - 2:58 pm Closing Bell Story‎, Energy News, Natural Gas News
Germany’s Reluctant Coalition Govt. Agrees to Coal Phase Out

Germany’s Reluctant Coalition Govt. Agrees to Coal Phase Out

While Germany continues to phase out both nuclear and coal, natural gas will remain a baseload and backup fuel

From Power Magazine

Germany’s Social Democratic Party (SPD) members agreed to join their longtime rival and governing partner, the Christian Democratic …

March 13, 2018 - 2:38 pm Closing Bell Story‎, Energy News
Vermilion Energy: Global Diversification Fueling 65 MBOEPD of Production

Vermilion Energy: Global Diversification Fueling 65 MBOEPD of Production

Global oil and gas operator Vermilion Energy (tickers: VET) holds producing acreage worldwide. The company’s assets are spread across three main regions: North America, Europe, and Australia. Its oil and gas assets are located in 10 countries.

Vermilion’s focus on …

Vermilion Energy, Inc. – Day One Breakout Notes

Vermilion Energy, Inc. – Day One Breakout Notes

Vermilion Energy presented at EnerCom’s The Oil & Gas Conference®

 During Vermilion’s breakout session, management was asked the following questions:

  • What drilling activity is going on in the Eastern Powder River Play (Wyoming)?
  • How much does one of these wells
Nord Stream 2 Gas Pipeline Could Pose Risk for Gazprom

Nord Stream 2 Gas Pipeline Could Pose Risk for Gazprom

Gazprom faces obstacles to financing $11 billion project in current market – Fitch Ratings

Russian gas giant Gazprom (ticker: OGZPY) may not have the financial strength to follow through on the construction of its Nord Stream 2 project, according to …

September 22, 2015 - 5:04 pm International, Midstream, Oil and Gas 360 Articles
The Future of Germany’s Frac Ban

The Future of Germany’s Frac Ban

Reports this week indicated that Germany might be modifying its fracing laws to make it possible for companies to drill for shale gas. Many hoped that the German government might lift its ban on fracing at depths shallower than 3,000 …