You Searched For "union petroleum and natural gas" and got 20 results
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1 min read
European natural gas soars over supply disruptions as Ukraine blocks key route and Russia retaliates against sanctions
Ukraine blocked a route that supplies about 8% of Russian gas to Europe and blamed interference by …
Hamza Fareed Malik
2 mins read
Norway's government halted an oil and gas worker strike that could have cut natural-gas exports by 60% and worsened Europe's energy crisis
Norway is Europe's second-largest energy supplier after Russia — which is already slowing supplies …
Huileng Tan
2 mins read
Germany doesn't want to be 'too successful' at replacing Russian natural gas because it wants to move away from the fuel in the long run, economy minister said
Germany aims to generate all of its electricity from renewable sources — such as solar and wi…
Huileng Tan
2 mins read
The EU's energy plan that cuts reliance on Russian gas will cost it an extra $200 billion by 2030 unless it shifts to cleaner sources of power, a think tank says
Cutting reliance on Russian gas will cause prices to spike and will cost the EU around $250 billion…
Hamza Fareed Malik
2 mins read
Oil and gas workers are on strike in Norway, and it's escalating Europe's natural-gas crisis a week before a key pipeline with Russia shuts for maintenance
Norway is the largest producer of oil and gas in Western Europe, supplying 20% to 25% of the Europe…
Huileng Tan
2 mins read
Entire industries in Germany could collapse due to Russian natural-gas supply cuts: union head
"We aren't dealing with erratic decisions but with economic warfare, completely rational and very c…
Huileng Tan
1 min read
Russia still earns about 100 million euros per day in gas exports to Europe despite 75% cut to supply
Russian gas revenue from Europe has totaled about 35 billion euros since the war began, the Indepen…
Brian Evans
2 mins read
Natural gas prices are soaring as energy workers in Australia look poised to strike, threatening global supply
Natural gas prices are up 22% over the past week, but are still down 60% from a year-ago as a warme…
Matthew Fox
1 min read
The European Union will expand its liquefied natural gas import capacity by nearly a third as it weans off Russian energy supplies
The bloc will add eight new LNG import terminals to ease bottlenecks and further decrease dependenc…
Filip De Mott
2 mins read
Putin is likely to completely cut off Russian gas supply to Europe, French minister says
Already scrambling to find alternative energy sources, European leaders are bracing for Putin to to…
Mia Jankowicz
3 mins read
The US will emerge as the world's largest natural-gas exporter this year, a top energy market historian says
"The longer the war goes on, the more Russia has been separated from the global economy," S&P Globa…
Shalini Nagarajan
2 mins read
Investment in coal the dirtiest fossil fuel — is set to rise 10% this year as energy security grows increasingly fragile due to the Ukraine war
Investment in coal is led by China and India. Europe is also turning to coal as a back-up as crucia…
Huileng Tan
1 min read
The oil and gas industry is undergoing its biggest-ever consolidation
Upstream merger and acquisition activity hit $144 billion in the fourth quarter alone and $190 bill…
Filip De Mott
2 mins read
Russia is on track to make more money off oil and gas exports this year than it did in 2021, and it's got the EU to thank
Europe is a major buyer of Russian energy products, accounting for about 50% of the country's crude…
Huileng Tan
1 min read
Goldman warns Russia could further choke off natural-gas supplies in response to the EU's oil ban, whacking European growth
The EU and Russia are doing battle over energy, with Brussels banning oil imports and Moscow restri…
Harry Robertson
1 min read
Europe's benchmark price for power jumps to new high as Russia cuts off gas supplies while the EU sanctions Moscow
German power for 2023 has gained for six consecutive days and was up as high as 240 euros per megaw…
Brian Evans
2 mins read
Biden announces that the US and 30 other countries will release 60 million barrels of oil to cool surging prices
The move comes as US gas prices sit at 8-year highs and sanctions against Russia raise concerns abo…
Ben Winck
3 mins read
The Ukraine war has underscored just how differently the US and Europe are positioned with energy security and it's sparking a rethink of the push into renewables
US President Joe Biden in March promised to deliver more LNG to Europe this year to help with its e…
Huileng Tan
2 mins read
Israel ordered Chevron to shut down a major natural gas field, which could send prices spiking further just before winter
Israeli natural gas from the Tamar offshore gas platform is exported to Egypt where it is turned in…
Huileng Tan
1 min read
ONGC Videsh incorporates subsidiary in GIFT City
ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corporation, has in…