One rather grim data point in the economic recovery from the pandemic: Methane emissions from America’s largest oil field have rebounded. Pollution from the Permian Basin dropped 60% from March to Continue Reading
Output hits annual high, averaging 3.7 Bcf/d in March At 18 rigs, count remains at 40% of pre-pandemic level Production drop in 2021 to flatten through early 2020s After rebounding Continue Reading
Analysts expect US natural gas in storage volumes fell by about half the five-year average the week ended March 19, in what looks to possibly be the final net draw Continue Reading
Global demand for liquefied natural gas will grow to 700 million tons annually by 2040 from 360 million tons last year, Shell said in its LNG Outlook 2021 . As Continue Reading
Russia’s government approved on Monday the country’s long-term development program for liquefied natural gas (LNG), expecting production capacity to rise threefold from current levels to 140 million tons per year Continue Reading
Last year was an unprecedented year for natural gas and liquefied-natural-gas (LNG) markets. Whereas natural gas demand declined by 3%, LNG demand proved to be more resilient and managed to Continue Reading
US LNG feegas demand hit a new record March 19 as total deliveries approach 12 Bcf/d, S&P Global Platts Analytics data show. Receive daily email alerts, subscriber notes & personalize Continue Reading
Feedgas deliveries to US liquefaction terminals set a new record March 17 of 11.65 Bcf/d as end-user prices in Northeast Asia rose for April, S&P Global Platts Analytics data showed. Continue Reading
Analysts call for another below-average storage withdrawal to US gas stocks, and a rare seasonal net injection is possible in the weeks ahead as the February deep freeze fades into Continue Reading
US natural gas storage volumes declined less than the market expected for the second consecutive week, weighing again on prices as only three net draws likely remain before injection season Continue Reading
US natural gas storage volumes declined less than the market expected for the second consecutive week, weighing again on prices as only three net draws likely remain before injection season Continue Reading
The gas supply shortness in the US Southwest that has been driving up prices and pulling Permian Basin volumes that would otherwise be going to Gulf Coast demand centers is Continue Reading
Despite February’s deep freeze drastically reducing Midwest gas storage volumes, mild weather in March looks to flip the deficit back in line with historical norms as supply grows and regional Continue Reading
Working gas operators reported the second-largest weekly net withdrawals for the Lower 48 states following a week characterized by widespread extreme cold throughout most of the country, which increased heating Continue Reading
The extreme winter weather last week resulted in the second-largest withdrawal of natural gas from storage in the U.S. as demand spiked, the Energy Information Administration (EIA) said on Friday. Continue Reading
Haynesville, Permian gains lift output to 92.7 Bcf/d Henry Hub balance-2021 curve falls below $3/MMBtu Forwards, futures markets shrug off storage risk A rapid recovery in output from shale basins Continue Reading
Natural gas production in Texas collapsed by 45 percent during the cold snap last week, primarily due to freeze-offs, the Energy Information Administration (EIA) said on Thursday, citing estimates from Continue Reading
Highlights Prices retreat following epic winter storm Production rebounds quickly following freeze-offs The US natural gas storage industry posted its second-largest draw on record last week, but the Henry Hub Continue Reading
Texas, the fossil fuel center of the US, was let down by its natural gas delivery system during last week’s energy crisis, according to the head of the country’s top Continue Reading
Surplus to five-year average will switch to deficit Prices retreat following polar vortex US natural gas stocks posted a massive draw last week, likely well north of 300 Bcf, as Continue Reading
Global natural gas demand is set to return to pre-crisis levels as early as this year and will continue to rise in the coming years, thanks to the coal-to-gas switch Continue Reading
The worst of the squeeze on natural gas supplies appears to have passed as spot prices in Oklahoma plunged 99% on Thursday, ending a dramatic rally amid the chaos caused Continue Reading
Right now there are no liquefied natural gas tankers docked and loading at any of the six U.S. export terminals for the first time since global demand for the superchilled Continue Reading
Spot natural gas prices across much of the Central and Western US fell sharply Feb. 18, as domestic production stabilized and heating demand continued to ease amid warming temperatures. Receive Continue Reading
The decade-long fracking boom in Appalachia has not led to significant job growth, and despite the region’s extraordinary levels of natural gas production, the industry’s promise of prosperity has “turned Continue Reading
Texas is restricting the flow of natural gas across state lines in an extraordinary move that some are calling a violation of the U.S. Constitution’s commerce clause. Texas Governor Greg Abbott Continue Reading
Texas Governor Greg Abbot has ordered all sourced natural gas in Texas be made available to local power generators before leaving the state, according to an official correspondence sent by Continue Reading
Methane leaks from at least eight natural gas pipelines and unlit flares in central Turkmenistan earlier this month released as much as 10,000 kilograms per hour of the supercharged greenhouse Continue Reading
Natural gas prices across much of the Western US surged to record highs in Feb. 12 trading as arctic weather fueled extreme localized demand, pushing supply and deliverability to their Continue Reading
Last week’s draw from US working natural gas in storage proved strong enough to reduce the year-on-year surplus to a deficit while the possibility for the largest weekly draw ever Continue Reading
The Midcontinent led the surge in US gas prices in Feb. 11 trading as a sharp rise in heating demand met with regional production freeze-offs, significantly tightening balances across the Continue Reading
Chesapeake Energy Corporation (NASDAQ: CHK) has announced that it has successfully concluded its restructuring process and emerged from Chapter 11. Chesapeake Energy Corporation (NASDAQ: CHK) has announced that it has Continue Reading
The US Energy Information Administration on Feb. 9 substantially increased its forecast for natural gas production in 2021 and 2022 amid expectations of more associated gas production in the Permian Continue Reading
Denver — A string of massive weekly US natural gas storage withdrawals, starting with the 192 Bcf pull reported Feb. 4, have the potential to unravel recent forecasts, and prompt Continue Reading
China was the top destination for US LNG in January for the second month in a row, amid a historic run-up in Asian spot prices and despite ongoing constraints at Continue Reading
Gas flaring in the largest U.S. shale plays has been in the spotlight since the shale revolution started. Pressure from society and ESG investors have recently turned up the heat Continue Reading
Highlights Prompt-month contract climbs 26 cents to low $2.80s Prices up 40+ cents from late-January low February outlook predicts colder temps for Midwest Prompt futures prices at the Henry Hub Continue Reading
If the recent moratorium on the issuance of federal drilling leases holds, most US production losses would occur in New Mexico, where up to 3 Bcf/d of new natural gas Continue Reading
Natural gas demand in the world saw its largest drop on record last year as COVID-19 reduced economic activity and upended all previous forecasts for continuous growth in global gas Continue Reading
The spike in Asian LNG demand in January on the back of freezing regional temperatures is not an indicator a “major” global demand rebound for the remainder of 2021, a Continue Reading
US working natural gas stocks dipped less than the market expected last week, leading to a dip in the Henry Hub prompt month, but a cold spell seizing most of Continue Reading
Russia’s gas giant Gazprom believes that pipeline natural gas could be compatible with the global climate goals of greenhouse gas reduction and Europe’s commitment to net-zero emissions by 2050, according Continue Reading
Frigid temperatures settling across the western half of the US this week have the potential to prompt natural gas production freeze-offs, particularly in the Bakken Shale, and lower pipeline inflows Continue Reading
With the US Northeast cold snap forecast to deepen on Jan. 28, both gas and power prices were trading substantially higher on Jan. 27. Receive daily email alerts, subscriber notes Continue Reading
Global gas demand is expected to increase by 2.8% — or around 110 Bcm — this year, just above the extent of the decline witnessed last year and signaling a Continue Reading
The Eastern Mediterranean in a decade went from an ’empty sea’ towards one of the most promising new frontiers of the global oil and gas industry. The Levant basin contains Continue Reading
Soaring natural gas prices in European markets could be seen as a boon for Russian giant Gazprom to increase its gas exports towards the Old Continent. But instead, somewhat surprising, Continue Reading
The US Energy Information Administration reported the largest weekly draw from gas in underground storage of the current heating season on Jan. 22, but Henry Hub futures continued to flounder Continue Reading
The American Petroleum Institute will support federal regulations for oil and gas industry-generated methane, the industry body said on Thursday, according to the Washington Examiner . This is in stark Continue Reading
Baker Hughes Co. expects as many as four liquefied natural gas projects globally to move to a final investment decision this year amid a global revival of the fuel after Continue Reading
