Germany has seized control of a local unit of Russian natural-gas giant Gazprom, saying it will do 'what is necessary' to maintain energy supply in the country
Berlin has seized control of a Germany-based unit of Russian natural-gas giant Gazprom. Germany's economy...
Berlin has seized control of a Germany-based unit of Russian natural-gas giant Gazprom. Germany's economy ministry justified the takeover by saying it had not granted permission for the Gazprom Germania acquisition. Permission is required, the ministry said, if the investors are not from the European Union and "critical infrastructure" is involved.
"The Federal Government is doing what is necessary to uphold security of supply in Germany," economy minister Robert Habeck said in the statement. "This also includes not exposing energy infrastructures in Germany to arbitrary decisions by the Kremlin. The proper conduct of business in Germany must be ensured."
NextEra Sells Houston Natgas Pipeline to ARM Energy for $203 Million
ARM Energy Holdings LLC on April 4 acquired Monument Pipeline LP, a...
ARM Energy Holdings LLC on April 4 acquired Monument Pipeline LP, a Houston-based natural gas pipeline, from affiliates of NextEra Energy Partners LP for $203 million.
Monument is a natural gas transportation system with approximately 156 miles of pipeline originating at the Katy Hub, with connections to the Houston Ship Channel, La Porte and League City market areas. The pipeline also services several residential city gates in high-growth areas of the Greater Houston metroplex.
Through Monument’s extensive existing footprint and growth potential, ARM will expand its marketing reach to a diverse group of additional end-users, according to an ARM Energy company release.
Bryan Sheffield Backs Australia’s Falcon Oil & Gas with $10 Million Investment
Bryan Sheffield recently boosted his strategic stake in Falcon Oil & Gas Ltd. through...
Bryan Sheffield recently boosted his strategic stake in Falcon Oil & Gas Ltd. through a private placement from his holding company that Sheffield said provides exposure to potentially one of the world’s largest shale plays.
Falcon and its joint venture partner, a subsidiary of Origin Energy Ltd., have the largest acreage position—about 4.6 million acres—centered over the Beetaloo Sub-basin, which, according to Sheffield, is “emerging as a world-class shale gas basin with stacked pay potential from several shale intervals.”
“I am delighted to have this opportunity to acquire a significant interest in Falcon and gain exposure to their net 1 million acres in what may become one of the biggest shale plays in the world,” Sheffield commented in the release by Falcon Oil & Gas on March 31.
🔥From Twitter: Texas oil and gas has gained 16,000 jobs in the past year
16,000 TEXAS jobs! Our great state continues...
16,000 TEXAS jobs! Our great state continues to be the nation’s leader in oil & gas.
I'm proud to defend our Texas oil & gas industry (that funds one-third of our state's economy) & the thousands of men & women who are working power this nation! #TXenergyhttps://t.co/bRq5DRgQD1
Germany Moving Toward Russian Energy 'Embargo,' Economy Minister Says
Germany said on April 4 that its push to lower dependence on Russian oil was a high priority effort that...
Germany said on April 4 that its push to lower dependence on Russian oil was a high priority effort that was harming President Vladimir Putin, while it worked to "create the preconditions" for a complete halt to energy imports from Russia.
Economy Minister Robert Habeck was asked at a government news conference whether civilian deaths in Ukraine would prompt Germany, which is heavily dependent on Russia for energy, to back an energy embargo against Russia.
