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The Latest Breaking News from Natural Gas

World's dash for natural gas endangers climate goals -report

Countries scrambling this year to source more natural gas to replace supplies from Russia are risking years of emissions that could thwart climate goals, the research collaboration Climate Action Tracker said on Thursday.

Reuters

Dash for gas imperils 1.5C climate goal: report

Sharm el Sheikh (Egypt) (AFP) - The global scramble for natural gas after Russia's invasion of Ukraine threatens the Paris Agreement target of limiting global warming to 1.5 degrees Celsius, scientists said Thursday on the sidelines of UN climate talks in Egypt.

AFP

Report: War-triggered gas boom threatens world climate goal

The planning and buildup of liquified and other natural gas would add 2 billion tons of carbon dioxide equivalent (1.9 billion metric tons) a year to the air by 2030, according to a report released Thursday by Climate Action Tracker at international climate talks in Egypt

The Independent UK

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As Harvard's endowment abandons fossil fuels, oil-rich University of Texas catches up

Royalties on oil and natural gas, along with lease payments on millions of acres of land, are helping the University of Texas, which is in second place, narrow the gap with Harvard.

WEKU

Republican Railroad Commissioner Wayne Christian wins reelection

Christian chairs the three-member board that oversees Texas’ oil and gas industry.

The Texas Tribune

U.S. and U.K. nearing a deal for America to supply much-needed gas to Britain

An announcement is expected after the COP27 climate change summit.

Fortune

Bahrain Announces 2 New Natural Gas Discoveries

Bahrain has announced two natural gas discoveries in the Al-Joubah and Al-Jawf reservoirs, state news agency BNA said on Tuesday. Nasser bin Hamad Al Khalifa, chairman of the kingdom's energy investment and development arm Nogaholding, has updated Bahrain King Hamad bin Issa Al Khalifa on the discoveries, an official statement…

Asharq Al-Awsat

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1 Energy Stock to Avoid Despite the Sector’s Popularity in 2022

The energy sector has benefitted from the geopolitical crisis and tight supply situations this year. However, natural gas company Tellurian’s (TELL) latest quarterly financials came in cooler than expected. We think this stock might be avoided now. Read on….

StockNews.com

Germany keen to discuss natural gas pact with UK amid supply risk

Officials interested in deal that would allow two countries to bail each other out in event of shortages

The Guardian - UK

Authorities promote energy saving

Energy authorities are preparing to make an electricity saving campaign a mandate for households and businesses as they struggle to deal with the high prices of liquefied natural gas (LNG) which may keep soaring in the winter, putting more financial burden on national power generation.

Bangkok Post

Warren Buffett Energy Stock Posts Mixed Earnings, Returns $1.8 Billion To Shareholders

Energy stock Occidental Petroleum missed earnings views but returned nearly $2 billion to investors. OXY and FANG stock are in buy zones.

Investors Business Daily

Excelerate Energy Beats Views; Raises Outlook After New Fortress Miss; LNG Stocks Back Off Buy Points

Excelerate Energy beat views after mixed New Fortress earnings amid hot liquefied natural gas demand. The LNG stocks have backed off buy points.

Investors Business Daily

'It’s going to be pretty bad': This part of the US is hurtling towards a winter heating crisis and consumers could pay the highest prices in decades

New England’s stockpiles of diesel and heating oil — the same product, taxed differently — are a third of normal levels.

Fortune

Energy saving may be made mandatory

Electricity saving may be mandated for households and businesses as the high price of liquefied natural gas (LNG) imports pushes up the cost of national power generation.

Bangkok Post

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Al Jazeera

Dozens of ships carrying LNG linger around Europe’s coast

The tankers are carrying a combined $2bn in natural gas and slowly sailing around northwest Europe.

The Independent UK

Equipment that's designed to cut methane emission is failing

Methane is the main ingredient in natural gas, and it packs about 80 times the climate-warming power of carbon dioxide

Chicago Tribune

Last winter’s heating costs were bad. This year could be worse, with Chicago-area gas bills expected to spike another 30%

It may cost hundreds of dollars more to stay warm this winter in Chicago and the suburbs, with rising natural gas prices and ongoing ratepayer-funded repair work projected to raise bills by as much as 30% over last year.

Asharq Al-Awsat

Climate Protesters Splatter Van Gogh in Rome with Pea Soup

Environmental activists tossed pea soup on a Vincent van Gogh painting Friday in Rome to protest carbon use and natural gas extraction, but caused no damage to the glass-covered painting. Security intervened immediately and removed the protesters kneeling in front of “The Sower” at the Palazzo Bonaparte to deliver a…

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The Guardian - AU

Thousands left without natural gas in Lithgow and Bathurst amid cold snap

Recent flooding is believed to have caused the pipeline outage in central-west NSW and is hampering repair

The Independent UK

Europe urged to save natural gas to avoid shortage next year

The International Energy Agency says Europe could face a severe natural gas shortage next year and needs to act now to conserve

AFP

Europe could face gas shortage next year: IEA

Paris (AFP) - Europe must act immediately to prevent a shortage of natural gas next year as Russia slashes deliveries in the wake of the Ukraine war, the International Energy Agency warned Thursday.

The Texas Tribune

Port Arthur pollution fight shows how Texas blocks citizen protests

A local activist went before a judge, arguing for lower pollution limits on two new liquified natural gas facilities. The judge sided with him, but the state environmental agency sided with the companies.

The Independent UK

Deadly Indiana house explosion traced to leaking gas line

Officials say an August house explosion that killed three people in a southern Indiana neighborhood has been ruled accidental after investigators traced the blast to a leaking natural gas line in the home’s basement

StockNews.com

2 Stocks to Buy Now for a Smooth 2023

Many analysts expect the bear market to end in the first quarter of 2023, with the expectations of the Fed reducing the pace of interest rate hikes. Regardless of how the market performs in 2023, investing in quality stocks, Costco (COST) and Energy Transfer (ET), could make the year less…

Investors Business Daily

Cheniere Energy Stock Falls As LNG Giant Surprises Analysts With Loss

Cheniere Energy stock is in a buy range as the company missed earnings estimates Thursday. Cheniere's profits had ballooned earlier this year.

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