Dominion Energy’s decision to sell its gas business to Berkshire Hathaway for $9.7 billion illustrates the enormous challenges US utilities face in meeting daunting state clean energy goals. Dominion is Continue Reading
In a preemptive move, a group backed by the Colorado oil and gas industry is pursuing a ballot initiative meant to prevent local governments from banning the use of natural Continue Reading
US LNG feedgas demand is rebounding from a 14-month low in late June. While additional cargo cancellations already announced for July and August are likely to keep the pressure on Continue Reading
Chesapeake Energy Corp ( CHK.N ) filed for Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer to seek bankruptcy protection in recent years as it bowed Continue Reading
Last week, Tellurian said it would make the final investment decision on the Driftwood LNG project next year. On the one hand, the news is good: Tellurian had stopped making Continue Reading
Natural gas prices plunged to new lows this week, falling below $1.50/MMBtu, a catastrophically low price for U.S. gas drillers. The factors afflicting the gas market are multiple. Prices had Continue Reading
Last week’s addition to natural gas in storage proved much larger than the market expected, prompting the remaining Henry Hub summer strip to fall more than 10 cents. Receive daily Continue Reading
With natural gas storage volumes approaching or surpassing five-year maximums in multiple regions across the US, and imports from Canada likely to rise later this summer, a resurgence of LNG Continue Reading
Historically low natural gas prices have caused U.S. LNG exports to crash by more than 50 percent since January. The U.S. has now become the world’s swing producer of LNG, Continue Reading
The federal government has allowed bankrupt shale major Chesapeake Energy to stop drilling at more than 100 leases on federal lands without losing ownership of the assets, Reuters has reported Continue Reading
Demand, supply chain and capital budget shocks from the coronavirus pandemic make it unlikely any more North American LNG export projects will secure financing for construction in the next five Continue Reading
LNG feedgas demand drops to year-to-date low Southeast production rises following Cristobal US natural gas inventories likely increased by approximately 50% more than the five-year average last week as gas-fired Continue Reading
Freeport LNG has delayed its target for making a final investment decision on whether to build fourth liquefaction at its Texas export facility until at least next year, amid market Continue Reading
In the first days of June 2020, the Greek industrial holding Mytilineos announced that it had concluded a long-term contract with Gazprom’s commercial arm. The onset of continuous US LNG Continue Reading
U.S. imports of natural gas from Alberta to the western United States have dropped in recent months due to higher natural gas spot prices at the Alberta trading hub than Continue Reading
Gas-fired power generation to support cooling demand is hitting record pre-summer highs this season, fueled by low gas prices and sweltering temperatures in a trend that appears likely to accelerate Continue Reading
Texas will look into policies to “drastically reduce” natural gas flaring from the state’s shale patch as investors become increasingly sensitive to climate change concerns. The call to action from Continue Reading
In May 2012, Hanson and Michael Rowe noticed an overpowering smell, like rotten eggs, seeping from an abandoned gas well on their land in Kentucky. The fumes made the retired Continue Reading
Rebounding associated gas production in the Permian Basin has been weighing on balance-of-summer prices at Waha recently as forwards markets reevaluate the outlook for Texas’ supply-demand fundamentals. Through June 15, Continue Reading
Depressed global demand and low prices to blame Outlook suggests summer trend could spread to fall The biggest US LNG export terminal saw its lowest utilization in 16 months as Continue Reading
Clean energy has outperformed the broader market since the downturn, despite the fact that renewable energy has been hit hard. Investors increasingly eye oil and gas firms with skepticism, and Continue Reading
It will go down as wildest of the shale wildcatters, the overreaching pioneer of fracking techniques that minted vast fortunes and, now, have left behind ruin. At long last, financial reality has Continue Reading
The cancellation of dozens of US LNG cargoes this summer is a “wake-up call” for the industry that new LNG projects will not automatically be profitable, a senior official at Continue Reading
Highlights US-China LNG flows already constrained by weak markets Chinese buyers unsure about applying for LNG tariff exemptions China not on track to meet energy targets of Phase 1 trade Continue Reading
Global natural gas markets are facing the largest demand shock in recorded history. According to the International Energy Agency’s (IEA) new Gas 2020 report, consumption of natural gas is expected Continue Reading
The global gas market is expected to experience its “largest demand shock on record” in 2020, the International Energy Agency said June 10, with consumption set to fall 4% on Continue Reading
The massive drawdown in active rigs in Oklahoma’s SCOOP/STACK plays has prompted pipeline flows out of the region to plummet over the past month, adding upward pressure to Midwest prices. Continue Reading
Shares of Chesapeake Energy Corp., the U.S. fracker preparing for a potential bankruptcy, are experiencing another wild session, plunging as much as 74% before trading was halted again on Tuesday. The Continue Reading
The natural gas industry is rapidly losing ground in the U.S. Northeast, beaten back by renewable energy, environmentalists, and stricter climate policy. Massachusetts Governor Charlie Baker, a Republican, signed an Continue Reading
It may come as a shock to some, but crude oil wasn’t the worst-performing energy commodity in May. Judging by the headline space devoted to it, one would naturally assume Continue Reading
Chesapeake Energy Corp. is preparing a potential bankruptcy filing that could hand control of one of the leading lights of the U.S. shale revolution to senior lenders, according to people Continue Reading
Chesapeake Energy spearheaded the shale revolution a decade ago that ushered in an era of US energy independence, embodying a period of corporate extravagance as it rose to become a Continue Reading
Weak LNG prices and unfavorable economics for deliveries to Asia and Europe suggest US export volumes will remain depressed through much if not all of the summer and perhaps beyond. Continue Reading
Europe is so awash with natural gas amid weak demand and limited storage capacity that gas suppliers may have to cut flows to prevent natural gas prices from plunging further. Continue Reading
Total feedgas at loiwest level since August 2019 Global demand languishing below available supply Feedgas deliveries to the six major US LNG export terminals plunged June 1 to their lowest Continue Reading
Some gas projects are now being put on hold on the back of record low prices and brimming storage facilities, and some operators are pushing back orders for the new Continue Reading
The amount of natural gas in US storage facilities increased by 109 Bcf to 2.612 Tcf in the week that ended May 22, according to US Energy Information Administration data Continue Reading
Unquestionably the current global health situation is going to cause a severe economic crisis not seen since the Great Depression. This is already apparent in the dramatic decrease in demand Continue Reading
The government of Ukraine, which is keen to wean itself off Russian energy supplies, approved on Wednesday a plan to import liquefied natural gas (LNG) from the United States, Reuters Continue Reading
Output hits 85.5 Bcf/d, down 9% from record high At 357, US rig count has fallen 57% from annual peak Permian, SCOOP/STACK, Bakken lead output decline New York — US Continue Reading
Rystad Energy predicts that global gas demand will drop nearly two percent this year. Thanks to declining commercial and industrial natural gas demand driven by lockdowns to curb COVID-19’s spread, Continue Reading
Natural gas, the poster child of the fossil fuel industry and the bridge fuel to a renewable future, has suffered its fair share of problems amid the coronavirus pandemic. And Continue Reading
Current conditions may adversely affect efforts to reach a final investment decision. The outbreak of COVID-19 and volatility in the energy markets have surfaced an additional risk factor for NextDecade Continue Reading
Heading into the first quarter earnings season, analysts were clear. They wanted no surprises from pure play shale gas drillers — no new spending, no new debt, no mergers and Continue Reading
EIA lowers expected Q2 gas marketed production by 2.09 Bcf/d Q2 Henry Hub forecast raised 13 cents to $1.85/MMBtu EIA lowers Q2 gas demand forecast by 3.19 Bcf/d The US Continue Reading
The outlook for the company’s debt restructuring effort is teetering. Shares of Chesapeake Energy Corp. slid almost six percent in premarket trading on Monday, after the company added a going Continue Reading
Chesapeake Energy Corp said on Monday it was unable to access financing and was considering a bankruptcy court restructuring of its over $9 billion debt if oil prices don’t recover Continue Reading
A few months ago, Israel and some Arab countries were laying the groundwork for an energy partnership that held the potential for economic cooperation between once-hostile neighbors. Israel started selling Continue Reading
The glut of natural gas could lead to more cancelled LNG exports in the next few months. “It is clear that yes we face today people talk lot about the Continue Reading
Royal Dutch Shell announced this week that it was selling its Appalachia shale gas assets for $541 million in a transaction that wouldn’t have caught much attention if it weren’t Continue Reading
