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Oil Holds as Power Crisis Hits US Supply

DOE Announces Clean Energy Tech Prize

US Energy Crisis Deepens

OGA Investigating Possible License Breach

The UK Oil and Gas Authority has opened an investigation into a possible breach of reporting requirements under a license. The UK Oil and Gas Authority (OGA) has revealed that it has opened an investigation into a possible breach of reporting requirements under a license.  The organization said the investigation follows an enquiry which concluded that there was sufficient evidence of a breach to go ahead. According to the OGA, which did not disclose the license or any parties involved in the case, the investigation will, among other things, gather and assess further information, offer the company concerned the opportunity to provide written representations, and decide how the case should be resolved.

Gas Trades at $999 at Oklahoma Hub

by Bloomberg |Tuesday, February 16, 2021 Production of gas in the Lower 48 states has plummeted to a three-year low. (Bloomberg) A polar blast in the central U.S. has pushed natural gas prices at one trading hub up 24,000% from a week ago. Supply for next-day delivery at the Oneok Gas Transportation hub in Oklahoma traded at $999 per million British thermal units for two contracts on Tuesday, according to David Hoy, a trader at Dynasty Power in Calgary. That compares with $4.19 a week earlier. Gas at the Henry Hub in Louisiana, the benchmark for futures in New York, traded at $19 at about 11:45 a.m. in New York after earlier soaring to $30, Hoy said. Supply at the hub traded at $3.24 a week ago.

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