Low Gas Prices Crush Appalachia Shale Boom
Low natural gas prices have finally brought the decade-long shale gas boom in Appalachia to a halt. Gas production in Appalachia declined by about 1 billion cubic feet per day Continue Reading
Permian Basin 2020 forward gas prices hit fresh record lows
Permian Basin forward gas prices are testing new lows this month as the 2020 market outlook for available pipeline capacity exiting the West Texas basin continues to deteriorate. At market Continue Reading
US natural gas production edges back from highs as low prices weigh on drilling
Highlights 30-day average dips to 91.8 Bcf/d, down 1.7% from record Appalachia leads decline in dry gas output, drilling New York — US natural gas production has retreated from record-high Continue Reading
North Dakota Bakken Flaring Nearly 20% Of Its Natural Gas Production
The insanity continues in the North Dakota Bakken, as the shale industry is flaring nearly 20% of its natural gas production. That is one hell of a lot of natural Continue Reading
Exxon, Outrigger Ink Midstream Deal to Serve Bakken
ExxonMobil Corp.’s subsidiary XTO Energy, Inc. has entered into a long-term gas gathering and processing agreement with private midstream company Outrigger Energy II under which Outrigger will build a cryogenic Continue Reading
Is Europe’s Latest Gas Deal A Win-Win?
The recent gas transit deal between Russia and Ukraine, and their national gas companies Gazprom and Naftogaz respectively, has comforted Europe just about when the first cold spells started to Continue Reading
Emerging US-Russia duopoly aids European, UK LNG import record
Intensifying competition between the United States and Russia is driving record-breaking LNG imports into Europe’s most liquid natural gas trading hubs, with the rivals accounting for more than half of Continue Reading
4th Circuit strikes Virginia air permit for 600-mile ACP natural gas project
The Atlantic Coast Pipeline faced another legal setback Tuesday, as the 4th US Circuit Court of Appeals vacated a state air permit for a compressor station in Buckingham County, Virginia, Continue Reading
Port Arthur LNG Progresses with Aramco Deal
Aramco Services Co. has signed an IPPA with Sempra LNG for the Port Arthur LNG project in Jefferson County, Texas. Saudi Aramco’s Aramco Services Co. unit has signed an interim Continue Reading
Analysis: China’s LNG-fueled VLCC could be big win for future natural gas demand
Chinese state-run company Cosco Shipping Energy Transportation’s recent order of an LNG-fueled VLCC is a significant development in the wider adoption of natural gas as a marine fuel, even though Continue Reading