International

The United States must boost production and exports of oil and natural gas in order to reduce Russia’s leverage in the global energy markets while continuing to pursue decarbonization, Sen. Joe Manchin (D-WV) said Thursday. Manchin, who chairs the Senate Committee on Energy and Natural Resources, oversaw a committee hearing on “the use of energy…

The natural gas industry needs clarity on the regulatory front in order to fully capitalize on the opportunities it has to ensure energy security and lower carbon emissions in North America and around the world, a panel of executives said Wednesday in Houston. “We have an abundance of resources in North America,” said Enbridge Inc.…

Russian natural gas could increasingly find a home in China as the countries have strengthened ties in a way that could undermine some of the West’s economic sanctions and lessen the blow of Europe’s move away from imports..  “China is in a difficult position,” geopolitics energy specialist Marco Giuli of the Brussels School of Governance…

Natural gas futures slipped lower for a second consecutive day, as traders continued to focus on bearish shifts in domestic weather outlooks even as war raged in Ukraine and Western sanctions against Russia threatened to send global commodity prices to record highs. The April Nymex natural gas futures contract settled at $4.527/MMBtu, down 30.6 cents…

The European Commission on Tuesday unveiled a proposal to break free of Russian energy imports before 2030, including plans to reduce demand for Russian natural gas by two-thirds by the end of this year.  Russia is the European Union’s (EU) biggest coal, natural gas and oil supplier, fulfilling roughly 60% of the region’s gross energy…

In the wake of a ban on Russian oil and natural gas to the United States, Tuesday talks at CERAWeek in Houston notably shifted to energy security and geopolitics, but ConocoPhillips CEO Ryan Lance had a few choice words for anyone who believes this is a perfect time to keep the U.S. natural gas and…

President Biden has banned imports of Russian oil and natural gas in a move that at once compounded already severe sanctions against the Kremlin and amplified the specter of record high energy prices amid a raging war in Ukraine. “Russian oil will no longer be acceptable at U.S. ports,” the president said in televised remarks…

Click here to listen to the latest episode of NGI’s Hub & Flow for a deeper understanding of how the Russia-Ukraine crisis could impact Mexico’s natural gas market. In the podcast, NGI Senior Editor Christopher Lenton sits down with Gadex Consultant Eduardo Prud’homme to look at how Russia’s invasion of Ukraine is impacting global natural…

After regaining financial strength thanks to improved oil and gas prices for growing production, Calgary-based Crescent Point Energy Corp. plans to increase stockholder loyalty rewards instead of accelerating field activity. Crescent Point operates primarily in Alberta, Saskatchewan and the Williston Basin of North Dakota. Crescent Point, which reports in Canadian dollars (C$1.00/US 79 cents), expects…