Grain LNG terminal. The UK’s carbon floor price has helped gas gain market share from coal. (Flickr/National Grid) Global Markets

ETS price too low for LNG to crowd out coal in power

LNG import prices in Europe have dropped sharply but will still rely on a boost in carbon prices to compete with coal in power generation.

By Andreas Walstad 22 June 2017
Global Markets

Attack on Total vehicle kills Yemeni employee

A gun attack on a Total vehicle in Yemen on Tuesday has led to the deaths of two men; one a Total E&P Yemen employee, Suhail al-Jawfi, a Yemeni national, who died of his injuries on Wednesday morning, and the second a soldier.

3 May 2012
Global Markets

Ampal-American Israel Corp. files arbitration request against Egypt

Ampal-American Israel Corp., a 12.5% shareholder in East Mediterranean Gas (EMG), has filed a request for arbitration against the Egyptian government, following Egyptian Natural Gas Holding Co.'s (EGAS’) termination of its gas sales agreement to Israel.

3 May 2012
Global Markets

Argentina YPF-takeover should receive final vote on Thursday

Argentina's takeover of Repsol-owned oil company YPF is likely to receive a final vote in the country’s Congress on Thursday, reported Agence France Presse.

3 May 2012
Global Markets

US gas prices recover - Goldman Sachs

United States gas prices have recovered recently on more supportive weather and increased confidence in a production response to low prices, Goldman Sachs said in a Commodities Research note released on Thursday.

3 May 2012
Global Markets

Bolivian president seizes assets of Red Electrica

Bolivian President Evo Morales seized the local assets of Spanish power grid operator Red Eléctrica and ordered the armed forces to take over its installations, Dow Jones reported on Tuesday.

2 May 2012
Global Markets

Trinidad faces three major energy industry crises - academic

Kenneth Julien has said in an interview with the Trinidad Express newspaper that the country's industry faces three major crises: the dramatic drop in gas prices, its low gas reserves relative to other nations, and the threat of supply curtailments to the productivity of large industrial users in the Point Lisas estate.

2 May 2012
Global Markets

Middle East set for 80% capex increase 2011-2016

The Middle East will see an 80% increase in capex from 2011 to 2016, compared to a 45% average increase worldwide, driven by drilling in Saudi Arabia and Iraq, according to a new report on upstream spending released on Monday by IHS.

1 May 2012
Global Markets

Santos welcomes NSW committee rejection of CBM moratorium

Santos welcomed a New South Wales committee’s rejection of a moratorium on CBM exploration, but questioned the committee’s call for a domestic gas reservation policy and other “inconsistent recommendations”, the company said on Tuesday.

1 May 2012
Global Markets

WA Premier attacked for privatisation of Alinta

Western Australian Premier and former state Energy Minister Colin Barnett has been attacked for his decision to privatise utility Alinta 10 years ago, which the Labour party said has failed to bring cheaper gas prices, Perth Now reported on Tuesday.

1 May 2012
Global Markets

Japan plans LNG nations conference

The Japanese government has formed a plan to create a public-private conference of nations that produce and consume LNG, in the hopes of bringing down LNG prices and allowing Japan to diversify its suppliers, Nikkei reported on Monday.

1 May 2012
Global Markets

Wildcat’s Pick of the Week

Every Monday, Wildcat will give you a headstart on the coming week, as well as a round-up of what mattered in the previous week.

30 April 2012
Global Markets

Former head of Libya’s National Oil Corp found dead in Austria

Libya’s former Prime Minister Shokri Ghanem was found dead in Austria over the weekend, Bloomberg reported on Sunday.

30 April 2012
Global Markets

Yemen LNG pipeline attacked again

The Yemen LNG gas pipeline that links the Block 18 to the Balhaf terminal on the Gulf of Aden has been attacked again.

27 April 2012
Global Markets

Armour Energy's IPO off to slow start on Australian Stock Exchange

Shale gas developer Armour Energy’s initial public offering on the Australian Stock Exchange (ASX) got off to a slow start, falling by as much as 15% when it launched on Thursday, The Australian reported.

26 April 2012
Global Markets

British Embassy in Philippines did not lobby for Forum Energy

The British embassy in the Philippines did not lobby on behalf of Forum Energy, a spokesperson for the Foreign Office in London has told Interfax.

26 April 2012
Global Markets

Argentinia's Senate approves YPF expropriation from Repsol

Argentina's Senate approved the expropriation of YPF from Spain's Repsol on Thursday.

26 April 2012
Global Markets

Encana to remove 17 MMcm per day from market

Continued low prices have forced Canadian independent Encana to cut costs and continue shut-ins in dry gas plays that will remove almost 17 million cubic metres per day (MMcm/d) from North American markets this year.

26 April 2012
Global Markets

No drop in Russian prices or volumes from Shale - VTB

Shale gas exploration and production will not result in a drop in Russian gas prices or export volumes, VTB Capital’s Head of Energy Research Colin Smith said.

25 April 2012
Global Markets

Petrobras denies local requirements hamper developments

Brazilian state-controlled company Petrobras has denied its local content requirements are hampering the country’s development of its hydrocarbon-rich pre-salt deposits.

25 April 2012
Global Markets

Repsol YPF considers legal action on YPF dispute

Spanish giant Repsol YPF will consider legal action against companies or investors that help Argentina exploit fields that it had planned to drill before it nationalised YPF, the company said on Monday.

24 April 2012

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