All publications by tag «GAS»
2022, September, 15, 16:25:00
EUROPEAN ENERGY CRISIS €140 BLN
The plan is expected to raise €140bn, including €117bn from the temporary revenue cap on inframarginal electricity producers and €25bn from the temporary solidarity contribution based on taxable surplus profits made in the fiscal year 2022 on energy undertakings in the oil, gas, coal and refinery sectors
2022, September, 15, 16:20:00
GERMANY WITHOUT RUSSIAN GAS
The risks of shortages drove gas prices higher for a third day. The European Commission this week unveiled radical intervention plan including raising 140 billion euros ($140 billion) for consumers from energy companies’ earnings, mandatory curb on peak power demand and boosting liquidity.
2022, September, 14, 13:10:00
EUROPEAN GAS PRICES UP: $140 BLN
Benchmark futures rose as much as 6.9%, a day after closing 4.2% higher. Authorities are designing measures designed to rein in an unprecedented energy crisis that has fueled inflation, hurt industry and left nations on the brink of a recession.
2022, September, 14, 13:05:00
EUROPEAN ELECTRICITY PRICES RECORDS
So far, in 2022, spot electricity prices are five to ten times higher than in previous years. On August 22, the daily spot market price for Germany exceeded 600 EUR/MWh, 15 times the average of the 2010s.
2022, September, 14, 13:00:00
OIL GAS DIGITAL TRANSFORMATION
Digital transformation in oil and gas is more of a transformation problem than it is a digital one. Many executives are hesitant to invest heavily in digital transformation but continue to be hampered by the cost of poor quality.
2022, September, 14, 12:40:00
U.S. RIGS DOWN 1 TO 759
U.S. Rig Count is down 1 from last week to 759, Canada Rig Count is down 3 from last week to 205.
2022, September, 9, 14:25:00
RUSSIAN GAS PRICES: NO LIMITS
Germany doesn’t support a price cap on Russia gas because some countries are still dependent on those supplies, Economy Minister Robert Habeck told reporters in Brussels.
2022, September, 6, 13:55:00
EUROPEAN GAS PRICES DOWN
Still, gas and electricity prices pared some of their large gains from earlier in the day as traders weighed the intervention plans.
2022, September, 6, 13:50:00
EUROPEAN ENERGY INFLATION
Benchmark energy futures fell after jumping on Monday, with Dutch front-month gas losing as much as 13% and German year-ahead power falling 11%.
2022, September, 6, 13:45:00
RUSSIAN NORD STREAM: ZERO
Russian flows of gas via the Nord Stream 1 pipeline, which runs under the Baltic Sea to Germany, remained at zero on Tuesday after Russia scrapped a Saturday deadline to resume flows following maintenance.