U.S. Natural Gas Futures Reach 21-Month Peak
Natural gas futures in the United States (US) on 7 October rose to its highest point since June 2015 as investors anticipate a boost in demand for the commodity. Gas Continue Reading
Pennsylvania adopts new fracking regulations
Pennsylvania Governor Tom Wolf speaks on the final night of the Democratic National Convention in Philadelphia, Pennsylvania, U.S. July 28, 2016. New regulations governing the extraction of natural gas through Continue Reading
New wave of power plants is fueling U.S. gas demand: Kemp
(John Kemp is a Reuters market analyst. The views expressed are his own) The United States is experiencing a structural increase in gas demand with more gas-fired power stations operating Continue Reading
Statoil completes sale of Marcellus acreage
Norwegian energy company Statoil said it retained some of its shale acreage in the United States, but completed a sale Friday of assets in West Virginia. Statoil said it closed Continue Reading
Natural Gas Falls Ahead of Inventory Report
Natural-gas prices fell Wednesday on concerns that hot weather in the next two weeks will be insufficient to shrink growing stockpiles. The natural-gas market is oversupplied following a winter of Continue Reading
Big Break Through For Small Scale LNG
With the price differential between oil and LNG sending mixed signals to the market, is the time right to look at Small Scale LNG (SSLNG)? Below we outline six key Continue Reading
Is This A Sign That Oil Majors Are Becoming More Bullish
Drilling Rig French oil company, Total SA announced in a press release Friday that it would be exercising the rights to obtain 75 percent of the lease agreements in the Continue Reading
France’s Total Takes Control of Barnett Shale in Texas
A rare Barnett Shale drilling rig, pictured last year. French oil major is now the… Total said on Friday it is exercising its preemption right to acquire the 75% share Continue Reading
Analyst: Northeast NGL Supply/Demand at ‘Crossroads’
Proposed Appalachian Storage Hub might incentivize region’s ethane recovery, petrochemicals investment, says S&P Global Platts analyst. Earlier this week, Rigzone presented an article featuring the perspectives of two prominent supporters Continue Reading
Only Higher Prices Can Prevent The Imminent Natural Gas Bust
One hundred years of natural gas? Not at these prices. U.S. gas production is declining and shale gas output is down almost 2.5 Bcf per day. Production is decreasing while Continue Reading
The First U.S. LNG Shipment To China Arrives
The fist LNG shipment to China from the lower 48 states arrived last week, marking the official entry of the U.S. into the Asian LNG market. The shipment was chartered Continue Reading
Australian State To Permanently Ban Onshore Gas Fracking
The state of Victoria plans to ban shale and coal seam gas fracking in what would be Australia’s first permanent ban on unconventional gas drilling, citing the concerns of farmers Continue Reading
Fracking Really Isn’t So Bad
When Governor Andrew Cuomo announced last year that hydraulic fracturing would be banned in the State of New York, he cited the lack of scientific data on public health effects. Continue Reading
Can Fire Ice Replace Both Oil And Renewables?
Fire ice Do you remember the peak oil hysteria from the early 2000s? Oil didn’t just not end, the world started pumping even more thanks to the shale revolution. Now Continue Reading
Gas Leak Has California Preparing for LNG Imports, Capping Use
State recommends monitoring refiners’ gas use, pump prices Agencies say state should also prepare for LNG imports California is looking at capping the amount of natural gas burned by power Continue Reading
Hedge funds slash bullish natgas bets, fearing less summer heat
Hedge funds and other speculators cut their bullish exposure to U.S. natural gas to June lows, data showed on Friday, after varying forecasts for summer led to worries about reduced Continue Reading
U.S. natural gas market rebalances on hot weather, low prices
U.S. stocks of natural gas are rising much more slowly than normal for this time of year as a long, hot summer spurs record air-conditioning demand and gas burn by Continue Reading
Cheniere’s first LNG export cargoes: A contrarian indicator for U.S. natural gas prices?
Cheniere Energy has long been my favorite contrarian indicator in the U.S. natural gas market. For those unfamiliar with the term, a contrarian indicator is an event which suggests that Continue Reading
Iran Says Gas Exports to Iraq to Start in Next Month After Delay
Shipments set to rise to 70 million cubic meters a day Iranian gas to fuel power plants in Baghdad and later Basra Iran, holder of the world’s biggest natural gas Continue Reading
Texas shale basin left behind
Leaving part of a Texas oil and natural gas shale basin will free up potentially more than a billion dollars in financial commitments, Chesapeake Energy said. Chesapeake, which has headquarters Continue Reading
Southern California natural gas inventories nearly flat this injection season
During the summer, when storage operators are typically injecting natural gas into storage facilities to build up inventories before the winter months, natural gas inventories in Southern California have remained Continue Reading
High natural gas-fired generation leads to rare summer net national weekly storage draw
Working natural gas storage inventories posted a rare summer net withdrawal of 6 billion cubic feet (Bcf) for the week ending July 29, 2016, according to EIA’s Weekly Natural Gas Continue Reading
Heatwave spurs record gas burn by U.S. power producers
Record gas consumption at power plants this summer is accelerating the rebalancing of the U.S. natural gas market. Working gas stocks in underground storage started the year at a seasonal Continue Reading
Surprise Natural Gas Drawdown Signals Higher Prices Ahead
The U.S. electric power sector burned through a record amount of natural gas in recent weeks, a sign of the shifting power generation mix and also a signal that natural Continue Reading
Chesapeake Energy cut debt by $1 billion
Struggling U.S. shale player Chesapeake Energy said it reported a loss for the second quarter, but reduced debt by more than $1 billion. The company said second quarter revenue declined Continue Reading
Norway’s Statoil sheds Marcellus shale acreage
For $96 million, and following a weak earnings report, Norwegian energy company Statoil said it was getting rid of some of its gas assets in the United States. The Norwegian Continue Reading
U.S. gas prices must rise to rebalance market: Kemp
The U.S. natural gas market is on an unsustainable course as low prices stimulate strong growth in consumption while production is flat or falling. U.S. power producers burned a record Continue Reading
The Fuel That May Halt The Electric Car Revolution
Gas Storage Electric cars are often touted as the nail in the coffin for gasoline-powered vehicles. However, there’s another fuel revolution in the developing world, which is changing the economics Continue Reading
EIA Expects Uptick In U.S. NatGas Production As Prices Soar
Natural Gas Storage Embattled U.S. natural gas producers have a reason to perk up: the Energy Information Administration has forecast that natural gas production in the country over the second Continue Reading
U.S. gas glut is disappearing
The views expressed are his own.) U.S. natural gas prices have risen by a third since hitting a two-decade low in the first quarter, amid signs supply and demand are Continue Reading
Chesapeake hit with another Barnett Shale suit
Chesapeake Energy has once again become the target of a lawsuit by property owners in the North Texas Barnett Shale region alleging the producer underpaid millions of dollars of royalties Continue Reading
Hot weather along US East Coast sends power prices, demand soaring
US East Coast power markets saw prices spike into triple-digit territory Thursday as loads approached the highest levels so far this year. High temperatures along the East Coast Thursday were Continue Reading
Record Heat Wiping Out U.S. Gas Glut Fuels Best Rally Since ’08
Hot weather will lead to boost in demand from power plants Drillers are refilling storage at half the 2015 pace A blistering start to summer is helping put U.S. natural Continue Reading
Move Over Canada, U.S. Shale Gas is Here to Stay
A Canadian Energy Research Institute survey has found that the country’s natural gas exports will continue to slide over the coming years, with their market share eaten up increasingly by Continue Reading
UK’s Brexit vote leads to bearish impact on LNG as currencies weaken
The UK’s Brexit vote is expected to have a bearish effect on the global LNG market due to the weakening of European currencies, several trading sources said Friday. News of Continue Reading
Cheap LNG May Lure 50 More Nations to Gas From Oil, WoodMac Says
The number of liquefied natural gas importers may more than double as a glut damps prices and encourages nations to ditch crude, according to Wood Mackenzie Ltd. More than 50 Continue Reading
US set to become major global natgas supplier as exports soar: DOE official
Demand for US natural gas for export — including both pipeline and LNG exports — is set to skyrocket through the next few decades, a US Department of Energy official Continue Reading
Coal use plunges as China cuts back and US turns to gas
The world’s use of coal fell by the largest amount on record last year as the fossil fuel that powered the industrial revolution was struck by tumbling US gas prices Continue Reading
Shell And Gazprom Set To Sign A Deal On LNG Development In The Baltic
Shell has plans to ink a deal with the Russian gas company Gazprom sometime this week. The deal is related to Gazprom’s plan to begin a liquefied natural gas project Continue Reading
Italy overtakes Turkey to become Russia’s second biggest gas buyer
Italy is now the second biggest buyer of Russian gas in Europe — overtaking Turkey — the head of Gazprom said Wednesday. CEO Alexei Miller said Italian demand for Russian Continue Reading
Europe’s Final Hope For Energy Independence From Russia
Europe’s reluctance towards reliance upon Russian natural gas trade is no secret. It’s also no surprise, due to fallouts between Russia and Ukraine (a major transit country for the trade) Continue Reading
LNG Players to Seek New Markets, IEA Says
Major traders and sellers of liquefied natural gas will begin to look to new markets over the next five years as demand from traditional centers wanes, the International Energy Agency Continue Reading
Oil Investor Still Bets on McClendon
As creditors line up for the assets of recently deceased oil titan Aubrey McClendon , an energy-investment firm already has claimed some of his most valuable holdings. EIG Global Energy Continue Reading
U.S. shale gas production grows through 2040
Natural gas from shale basins in the United States accounts for more than half of the total production through 2040 to support more exports, a report finds. A review from Continue Reading
Unlikely casualty in California’s renewable energy boom: natural gas
The La Paloma natural gas-fired generating plant is shown in McKittrick, California, U.S., April 20, 2009. Courtesy of Rockland Capital/Handout via In February of 2001, then California Governor Gray Davis Continue Reading
Colorado Has 40 Times More Natural Gas Than Previously Estimated
Western Colorado has 40 times more natural gas than previously thought, potentially making it the second-largest formation in the country, the U.S. Geological Survey said Wednesday. Mancos Shale formation in Continue Reading
Cheniere completes Train 1 commissioning at Louisiana LNG terminal
Cheniere Energy Partners has completed the commissioning of its first liquefaction train at the Sabine Pass liquefaction project in Cameron Parish, Louisiana, the company said in a statement Tuesday. Bechtel, Continue Reading
Natural Gas Monthly
Preliminary dry natural gas production for March 2016 was 2,294 billion cubic feet (Bcf), or 74.0 Bcf/day. This level was a 0.1 Bcf/day (0.1%) increase from the revised March 2015 Continue Reading
LNG industry tension to rise as price breaks link to crude oil: Russell
The price of spot cargoes of liquefied natural gas (LNG) in Asia has broken its long-standing link to crude oil this year, a development likely to fuel tensions in an Continue Reading
Why Cheap Shale Gas Will End Soon
Shale Gas Enthusiasts believe that shale gas is simultaneously cheap, abundant and profitable thus defying all rules of business and economics. That is magical thinking. The recently released EIA Annual Continue Reading