The crude crash price and subsequent shut-ins across the Permian Basin in the second quarter of 2020 allowed multiple producers to reduce their associated gas flaring volumes, prompting state officials Continue Reading
Natural gas storage inventories in the US Southeast continue building this month as the potential for a truncated regional injection season looms large over a recent price rally at the Continue Reading
The outlook for Haynesville gas production appears to be turning around this month as Henry Hub prices continue to rally above the critical $2 threshold and recent declines in drilling Continue Reading
McDermott International Ltd. reported Monday that Train 3 at Cameron LNG has begun commercial operation. Sempra LNG, Total S.E. Mitsui & Co., Ltd. and Japan LNG Investment LLC jointly own Continue Reading
Pennsylvania more than doubled as of August 1 the fee for all unconventional well permit applications, while shale companies call on state officials to find other mechanisms to fund the Continue Reading
BP now says it will reduce its oil and gas production by 40 percent by 2030 as part of its pivot to low-carbon operations. But many will wonder why natural Continue Reading
Southern California Gas Co is suing the California Energy Commission over the state’s climate policy and attempts to phase out natural gas as a source of heating and cooking. Southern Continue Reading
The liquefied natural gas market contracted a third month in July as countries continue to struggle with the economic fallout from the coronavirus pandemic. Global exports of the fuel last month Continue Reading
The weather is going to be hot after all in the short term, forecasts now predict. That prediction sent natural gas prices soaring on Monday by nearly 20 percent as Continue Reading
Range Resources Corp. sold its Louisiana shale fields for about one-tenth of what it paid for them just four years ago as depressed natural gas prices hammered the heavily indebted driller. Range Continue Reading
A massive wave of investment has poured into LNG export terminals around the world in recent years, and nearly all of the projects have China at the center of their Continue Reading
With crude stuck in a range for a month or so, my attention has increasingly been on natural gas. That is unusual for me. Anything that moves in big chunks Continue Reading
Storage inventories increased by 26 Bcf to 3.241 Tcf for the week ended July 24, the US Energy Information Administration reported July 30. Receive daily email alerts, subscriber notes & Continue Reading
Highlights Bal-20 curve up 18%, or 32 cents, from late-June low Power burn, industrial recovery support demand Lower injection demand eases US storage surplus Balance-2020 forwards prices at the Henry Continue Reading
The pandemic has curtailed associated gas production in the Permian basin, temporarily relieving some gas flaring, but the basin could return to record gas production levels by the end of Continue Reading
A new report by the Conference Board of Canada , and funded by the Canadian LNG Alliance, determined that a 56-million-tonnes-per-year LNG industry in British Columbia would generate nearly 100,000 Continue Reading
Ukraine’s state-held gas firm Naftogaz is reportedly opposed to the pricing formula for U.S. liquefied natural gas (LNG) it could receive under a long-term contract, while there isn’t enough infrastructure Continue Reading
Russian LNG producer Novatek said July 24 it had shipped its first cargo from the Yamal LNG project to Japan eastbound via the Northern Sea Route, giving the company scope Continue Reading
A flare at an oil and gas processing plant outside Cuero, Texas, in 2015. The study, published this month the journal Environmental Health Perspectives , found that pregnant women who Continue Reading
More a tenth of gas flares in the Permian play tend to malfunction and release unlit methane into the atmosphere, the Environmental Defense Fund has reported, based on a new Continue Reading
I have established a reputation as a bit of a contrarian in certain areas of the energy market. I have been tough on pipeline companies in particular. Pipelines have attributes Continue Reading
While net-zero emissions goals started in England last year are spreading to governments, utilities, and private companies worldwide, natural gas doesn’t have to go the way of coal. Coal is Continue Reading
The Texas Railroad Commission last month surprised many: it said it would tighten the rules for gas flaring at oil fields later this year. Texas is certainly not the state Continue Reading
Depressed global demand for liquefied natural gas (LNG) continues to drive buyers of U.S. LNG to cancel cargoes for loadings in September, sources in the industry told Reuters on Tuesday. Continue Reading
The cash margin for U.S. LNG exporters improved slightly in the second quarter, but will likely remain negative for the duration of 2020, according to a new report. The LNG Continue Reading
Ongoing development of new liquefied natural gas (LNG) projects in Russia will allow it to seize a 15-percent share of the global LNG market, Russian Energy Minister Alexander Novak wrote Continue Reading
While Shell’s ~$17-billion Australian LNG project, Prelude, hasn’t produced since February after shipping its first product in June 2019 and no one knows when it will be restored due to Continue Reading
The Middle East is making progress in cutting natural gas flaring even as the wider region including North Africa, as well as the US, is showing no sign of a Continue Reading
US natural gas stocks increased nearly 20 Bcf less than the five-year average due to year-to-date high gas-fired power demand, but the NYMEX Henry Hub balance-of-summer strip remained relatively static Continue Reading
The United States produced, consumed, and exported record volumes of natural gas last year, following years of rising output due to fracking and horizontal drilling, the Energy Information Administration (EIA) Continue Reading
On Sunday, Virginia-based utility Dominion Energy Inc announced plans to sell almost all of its natural gas pipeline and storage assets to Warren Buffett’s Berkshire Hathaway Inc for $4 billion. At Continue Reading
US natural gas in storage rose 56 Bcf in the week ended July 3, according to Energy Information Administration data released July 9, as electric generation boosted demand and the Continue Reading
Gas demand from US power generators continues to outperform this month as historically low prices for the fuel combine with scorching temperatures to push burns toward prior record highs set Continue Reading
The coronavirus pandemic has stalled factories and shut down business around the world, causing a historic drop in oil demand just as production was reaching new highs. WSJ explains the Continue Reading
The US Energy Information Administration July 7 again lowered its estimates for natural gas marketed production for the rest of 2020, pointing to low gas and oil prices and production Continue Reading
NYMEX prompt contract settles at $1.88/MMBtu Columbia Gas’ MXP line cuts flows near Leach, Kentucky Appalachian gas production falls 2.2 Bcf on the day NYMEX Henry Hub prompt-month prices surged Continue Reading
Output at Europe’s largest onshore L-cal gas field, Groningen in the Netherlands, registered a new record low in June, falling below 500 million cu m for the first time, NAM Continue Reading
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
