Energy Security

Lawmakers say an experiment with price controls has helped consumers, but natural-gas producers argue it is stifling investment. Lawmakers say an experiment with price controls has helped consumers, but natural-gas producers argue it is stifling investment. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful…

The award by a Hague-based arbitration court is likely to trigger a long process by Ukraine and the gas company to recover Russian assets abroad. The award by a Hague-based arbitration court is likely to trigger a long process by Ukraine and the gas company to recover Russian assets abroad. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All…

A group of large oil producers led by Saudi Arabia said Sunday they would cut more than a million barrels of output a day starting next month, a surprise move that upset Washington and led to a jump in crude prices amid concerns about the global economy.The output cut adds to a reduction of 2 million barrels a day agreed to in October by the Saudi-led Organization of the Petroleum Exporting Countries and a group of other producers led by Russia. Taken together, the output cuts amount to about 3% of the world’s petroleum…

CAIRO—After years of underinvestment in North Africa’s energy infrastructure, global oil-and-gas giants from Halliburton Co. and Chevron Corp. to Eni SpA are ramping up their presence in the region as demand from Europe grows.Executives in the industry are betting it is worth drilling again in some of the hardest places to do business in the world as Europe increasingly turns to other sources for its energy needs after shunning its…

The future has never been brighter for renewable energy, as some of the snags that kept wind and solar production from going full throttle this year seem poised to ease. While site- and grid-permitting delays, inflation and supply-chain bottlenecks beset the creation and adoption of renewable energy this past year and will pose lingering hurdles, the global outlook is the most bullish yet for companies building wind and solar farms and those buying the power.…

Photo: Larry MacDougal (AP)In the world of climate change, we’ll take all the good news we can get. The energy crisis kicked off by Russia’s invasion of Ukraine earlier this year could represent a “historic turning point” for ending the world’s reliance on fossil fuels, the world’s top energy agency said this week.A report from the International Energy Agency issued Thursday finds that global fossil fuel use could peak in the next few years following aggressive investments in clean energy during thecrisis this year. This…

Crude oil pipes at the Bryan Mound Strategic Petroleum Reserve site near Freeport, Texas.Photo: Department of Energy (AP)On Wednesday, the Biden administration announced that it would pull an additional 15 million barrels of oil out of the nation’s Strategic Petroleum Reserve (SPR) to help juice up oil supplies and keep gas prices low in the face of the global energy crisis.The 15 million barrels, which will be delivered in December, arethe final part of an extended release that has been going on since May. After this…

The European Union on Wednesday threatened retaliation for any further attack on Europe’s energy facilities following the incidents on the Nord Stream and Nord Stream 2 pipelines. The pipes suffered a significant pressure drop on Monday and began leaking gas into the sea. While the incidents don’t affect Europe’s gas supply because the pipelines aren’t currently in use, they have raised fears about the safety of the continent’s energy systems as governments are racing to shore up their gas supplies for the winter.…

BERLIN—European authorities are investigating mysterious leaks on two currently closed Russian natural-gas pipelines to Germany, sparking concerns about the safety of critical energy infrastructure. The incidents have no impact on Europe’s gas supply since both links aren’t currently in use. Germany halted the Nord Stream 2 pipeline in February over Russia’s aggression in Ukraine while Moscow this month indefinitely halted flows via Nord Stream 1. Experts, however, said the gas leaks could be damaging for the climate.…

WASHINGTON—The U.S. launched a trade fight against Mexico Wednesday, accusing President Andrés Manuel López Obrador’s government of favoring its state-owned utility and oil company at the expense of American businesses.The U.S. is seeking dispute settlement consultations under the U.S.-Mexico-Canada Agreement—the first step in what could lead to tariffs on a range of Mexican products. It also represents a challenge by the Biden administration to Mr. López Obrador’s effort to regain…