Day: April 6, 2021

On the morning of March 23, the world was shaken by the unfortunate news of the Suez Canal being blocked. At 07.40 local time, the Ever Given ran aground when strong winds blew it off course. The importance of the Suez Canal to global shipping can hardly be underestimated. Pundits were quick to point out the blockade’s effect on global supply chains. Energy prices were anticipated to be impacted too. However, the blockade failed to significantly move oil and gas prices. Taking a closer look at global LNG markets, the…

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The European natural gas market is helping drive U.S. export demand. Prices on the continent closed higher last week. The Dutch Title Transfer Facility finished at $6.620/MMBtu and the UK’s National Balancing Point settled at $6.531 ahead of the Good Friday holiday.  European markets were closed for Easter Monday, but colder weather late last week along with strong natural gas demand being created by the need to replenish depleted storage stocks pushed prices higher.  Underground natural gas storage in Europe was at just 31% of capacity on Saturday after a…

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The oil and gas industry’s history of responding to the climate crisis is a tall-tale of big promises without action: first it funded the denial of climate science then acknowledged the same science once public opinion shifted. Today companies are now making voluntary commitments to reduce pollution, supporting rules in the abstract, or supporting inadequate rules with strings attached. What the industry as a whole has yet to do is act in proportion to the emergency. The newest talk–which has captured the attention of many journalists and investors–is a price…

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When the power went out for Marsha Hendler on Feb. 15, she rushed to her downtown San Antonio office to ride out the winter storm. Thankful to find the electricity and heat still on, she typed out an email to the elected officials who regulate her small, independent oil and gas company. “I strongly urge you to make public statements, to develop a PR program around our current energy conditions,” Hendler wrote at 2 p.m. that day to the three members of the Texas Railroad Commission, according to an email…

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Karachi, 06th April 2021: In a ceremony held at a local hotel, K-Electric inaugurated its 71st grid station. Set up with state-of-the-art equipment provided by long-time technology partner, Siemens Pakistan, the Mehmoodabad Grid Station is one of the power utility’s few grid stations that can be remotely managed from the KE Load Dispatch Centre. The Honorable Consul General of Germany to Karachi, Mr. Holger Ziegeler, who graced the event as Chief Guest, said; “As a scientist myself, I am always fascinated by technological developments. It was very exciting to visit the new grid station.…

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