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
US gas in storage looks as if it could feature a very rare triple-digit build in April for the last week of the month, but the Henry Hub prompt contract Continue Reading
The NYMEX June natural gas futures contract settled 10.30 cents higher at $1.993/MMBtu on Monday as collapsing US rig counts highlight expectations of lower associated gas production. Receive daily email Continue Reading
In accordance with growing global demand for LNG, Freeport is developing a fourth natural gas liquefaction unit. Freeport LNG received the green light from the Federal Energy Regulatory Commission to Continue Reading
Cheniere Energy reported a higher first-quarter 2020 profit Thursday than in the year-ago period and said its full-year earnings were on track to come in at the lower end of Continue Reading
US natural gas in storage rose by less than the five-year average for the second week in a row, as the Henry Hub summer strip surged following the release, despite Continue Reading
The NYMEX Henry Hub prompt-month settled up 7 cents Wednesday to $1.87/MMBtu; the contract remained below a nine-week high at $1.94/MMBtu last week. Europe’s benchmark month-ahead gas price, the Dutch Continue Reading
Chesapeake Energy Corp ( CHK.N ), the oil and gas exploration and production company that was at the forefront of the past decade’s U.S. shale boom, is preparing a potential Continue Reading
While everyone is understandably watching the meltdown in the crude oil market, the global market for natural gas is also cratering. At least 20 cargoes of U.S. liquefied natural gas Continue Reading
US natural gas stocks increased by less than the five-year average last week as below-normal temperatures boosted demand despite widespread stay-at-home measures. Receive daily email alerts, subscriber notes & personalize Continue Reading
Natural gas in East Asia costs about the same as coal for the first time, a milestone that is likely to accelerate the region’s U.S.-style energy transformation. Even before the Continue Reading
Despite capacity curtailments this summer leading to Southern California Gas Company’s storage system, its fields could hit maximum capacity as early as August, especially considering extended demand loss due to Continue Reading
High volumes of US gas in storage combined with weakening demand due to preventative coronavirus measures look to test the limits of injection capacity this summer. Receive daily email alerts, Continue Reading
Analysts expect a US natural gas storage injection nearly three times larger than the five-year average as warmer temperatures combine with demand destruction due to the ongoing coronavirus epidemic. Receive Continue Reading
