Saturday, May 16, 2026

Permian Gas Prices Go Up $9 – All the Way To $0

Pipeline outage sent Waha gas to record negatives By Richard Rostad, analyst, Oil & Gas 360 The natural gas takeaway crunch in the Permian has become extreme, with producers paying to get rid of gas instead of getting paid for it. Gas production in the overall Permian has grown even more rapidly than oil, and the EIA estimates that the

Chevron, Woodside Apply To Nearly Double Size Of Canadian LNG Project

From Reuters Chevron Canada Ltd and Woodside Energy Ltd have applied for a new license for their Kitimat LNG plant in northern British Columbia that could see it nearly double in size to produce 18 million tonnes per annum (mtpa), Chevron said on Wednesday. The companies submitted the application to Canada’s National Energy Board on Monday, with a revised plant

America’s Gas Is Hot in Shanghai. The Price, Not So Much

From Bloomberg The world wants U.S. natural gas. American prices, though, it can do without. U.S. gas companies at the LNG2019 conference in Shanghai this week have announced deals to sell a combined 4.5 million tons of liquefied natural gas a year from proposed multi-billion dollar projects. Nearly all of that was sold without a link to the U.S. Henry

Diamond Offshore's Ocean Endeavor

Maersk Completes Oil, Gas Spin Off as Drilling Unit Lists in Copenhagen

From Reuters A.P. Moller-Maersk spun off its oil and gas drilling unit and listed it separately on the Copenhagen stock exchange on Thursday, where it was traded slightly below the book value it had in Maersk’s own accounts. The demerger is a part of the Danish shipping group’s 2016 plan to refocus its efforts into transport and logistics, a plan