Natural Gas News

Trump’s Coal Plan Unlikely to Stop Ohio’s Natural Gas Boom

From the AP/Journal-News

About a dozen natural gas power plants are being built or are in the planning stages in Ohio, putting the industry on track to replace coal as the dominant source of electricity in the state.

A move …

April 5, 2017 - 11:38 am

Israel Signs Pipeline Deal in Push to Export Gas to Europe

From FT

Cyprus, Greece and Italy join $6bn-$7bn project to build world’s deepest subsea route

Israel on Monday formally signalled its ambition to become an exporter of energy to Europe, signing a preliminary agreement with Cyprus, Greece and Italy to …

April 5, 2017 - 11:23 am
EPA Withdraws Clean Power Plan Implementation Framework

EPA Withdraws Clean Power Plan Implementation Framework

EPA’s Pruitt: states have “no obligation to spend resources” on plan

The EPA has withdrawn its proposals for a federal plan to implement the Clean Power Plan, after President Trump instructed the agency to reevaluate the rule on March 28.…

April 4, 2017 - 4:49 pm
An ONGC Asset Manager at Mori Source: ONGC

India Investing $3 Billion in Iran Gas Field

ONGC Videsh revised its plan to develop Iran’s Farzad-B natural gas block

India’s largest oil and gas explorer is looking to invest into Iran as the country looks for ways to meet its growing demand for oil and natural gas. …

April 4, 2017 - 1:34 pm
Unit Acquires 8,300 Acres in Hoxbar Play for $57 Million

Unit Acquires 8,300 Acres in Hoxbar Play for $57 Million

Acquisition increases Hoxbar holdings by 42%

Unit Corporation (ticker: UNT) announced the acquisition of 8,335 net acres in western Oklahoma for approximately $57 million. The acreage is located primarily in Grady and Caddo Counties, in the Hoxbar area of the …

April 4, 2017 - 12:56 pm
LNG: Cheniere Announces 100th Cargo Shipment

LNG: Cheniere Announces 100th Cargo Shipment

100th LNG shipment departed from Sabine Pass on Saturday; more Liquefaction Capacity on the Gulf with completion of Train 3

Higher volumes of U.S. shale gas are about to find their way around the globe.

This past weekend marked …

April 3, 2017 - 5:17 pm
U.S. Approaching Net Exporting Of Gas, Driven By Shale and LNG

U.S. Approaching Net Exporting Of Gas, Driven By Shale and LNG

December gas export volumes 98% of import volumes, highest ever

The U.S. unconventional boom has fundamentally changed the natural gas supply situation in the U.S. with plentiful gas easily available. This has changed not only the nation’s gas markets, but …

April 3, 2017 - 5:11 pm
Qatar to Restart Development of the World’s Largest Natural Gas Field

Qatar to Restart Development of the World’s Largest Natural Gas Field

Qatar lifts moratorium on developing the North Field, which holds the majority of the country’s natural gas

Qatar will end a self-imposed moratorium on further developing the North Field as it hopes to remain competitive and capture more market share …

April 3, 2017 - 4:21 pm
Oil Above $50 Despite 15 Additional Rigs

Oil Above $50 Despite 15 Additional Rigs

Onshore drilling continues to spool up as oil remains near $50 per barrel

The U.S. rig count continued to climb in the week ended March 31, 2017, with Baker Hughes reporting 15 additional rigs added to fleets across the country …

March 31, 2017 - 5:40 pm
Slowing Demand For Coal Sees Total Energy Production Fall 4%: EIA

Slowing Demand For Coal Sees Total Energy Production Fall 4%: EIA

Natural gas exports exceed coal exports in record milestone

Total energy production in the U.S. was down in 2016, the first decrease since 2009, according to a note released by the EIA today. U.S. primary energy production totaled 84.1 quadrillion …

March 31, 2017 - 4:40 pm
Source: Gazprom. LNG Tanker

Petronas Exports First Ever Cargo from an FLNG Facility

Satu FLNG producing offshore Borneo

Petronas will be the first company to export LNG from a floating production unit, beating competitors Shell and Inpex according to Reuters.

Located off the coast of Borneo, Petronas’ Satu facility is currently loading …

March 30, 2017 - 3:57 pm
Focus on Short-Cycle Returns Could Spell Trouble for Future Supply

Focus on Short-Cycle Returns Could Spell Trouble for Future Supply

Oil traders warn of impending supply crunch

Investors’ preference for projects with fast returns could spell trouble for future supply, warn oil traders and service executives. Many of these short-cycle projects involve U.S. shale operations, but with demand continuing to …

March 30, 2017 - 2:11 pm
ExxonMobil Sells Operated Norwegian Fields

ExxonMobil Sells Operated Norwegian Fields

Deal value estimated at $935 million

ExxonMobil (ticker: XOM) is selling its operated upstream business in Norway to HitecVision and Point Resources, according to a release from Point. While the purchase price was not released, Bloomberg estimated in September that …

March 29, 2017 - 4:03 pm
$16.7 Billion in Pipeline Projects Awaiting FERC Approval

$16.7 Billion in Pipeline Projects Awaiting FERC Approval

No quorum until at least late-May

After approving seven pipelines in 2017 FERC lost quorum with the resignation of Norman Bay, halting all project approval. Bloomberg Intelligence held an analyst briefing today to discuss the state of pipelines and FERC, …

March 28, 2017 - 5:13 pm
Low Investment has Led to Unsustainable Production Management – Schlumberger

Low Investment has Led to Unsustainable Production Management – Schlumberger

 “The current situation is not sustainable” – Schlumberger CEO Paal Kibsgaard

Production has held up well over the downcycle, but headline numbers of absolute production volume are masking an underlying problem that could soon hit the oil and gas industry, …

March 28, 2017 - 3:30 pm
Source: Royal Dutch Shell

Asian Natural Gas Market Hub Needed: EIA

Asian version of Henry Hub would open up markets

The rise of global LNG trade could support a market hub for natural gas in Asia, according to a note released by the EIA today. As the world’s largest consumer of …

March 27, 2017 - 5:29 pm
Canadian Rig Count Drops by One Third

Canadian Rig Count Drops by One Third

Canadian drilling activity dropped sharply this week, according to Baker Hughes’ (ticker: BHI) weekly rig count for March 24, 2017. Canada lost 91 rigs to end the week at 185, down from 276 active rigs last week. This is the …

March 24, 2017 - 5:22 pm
Source: Gazprom LNG Storage Tanks

Asia is Forming an LNG Buyers’ Club

Roughly one-third of the world’s LNG purchasing power is lobbying for flexible contracts

Global oversupply in liquefied natural gas has emboldened buyers to push for more favorable contracts.

Korea Gas Corp. (KOGAS), Japan’s JERA and China National Offshore Oil Corp. …

March 24, 2017 - 4:25 pm
Valuations of Appalachian E&Ps Could Start to Surpass the Permian Herd

Valuations of Appalachian E&Ps Could Start to Surpass the Permian Herd

Pipeline constraints limiting the value of Appalachian operators

It’s a Wall Street quandary. It is no secret that the Permian has become the hottest play in the United States with E&Ps competing to acquire acreage, but the companies operating there …

March 23, 2017 - 3:44 pm
Kinder Morgan Launches Open Season on Gulf Coast Express NatGas Pipe from Permian to Gulf Coast

Kinder Morgan Launches Open Season on Gulf Coast Express NatGas Pipe from Permian to Gulf Coast

Pipeline will provide route to export Permian’s gas to Mexico and ship as LNG

Kinder Morgan, Inc. (ticker: KMI) has announced the start of a non-binding open season for firm natural gas transportation service on its proposed Gulf Coast Express …

March 22, 2017 - 5:59 pm
Buckhorn Energy: Helping XTO Cut Costs for Bakken Water Disposal

Buckhorn Energy: Helping XTO Cut Costs for Bakken Water Disposal

Buckhorn Energy to build, own and operate disposal system in McKenzie County; looks to Permian for expansion

Colorado-based Buckhorn SWD Solutions, LLC, announced last week that the company has entered into a service agreement with XTO Energy (ticker: XTO) to …

March 21, 2017 - 6:29 pm
55 Bcf/d of LNG Export Applications Received by DOE

55 Bcf/d of LNG Export Applications Received by DOE

65 export applications on file

Global LNG trading is expected to grow significantly in the next 15 years, and much of this growth will be fueled by exports from the U.S. The EIA reports that 65 applications have been filed …

March 21, 2017 - 5:21 pm

Pennsylvania Shale Production Tops 5 Tcf in 2016

From Pittsburg Business Times

Pennsylvania posted a 10 percent increase in natural gas production from shale gas plays in 2016 in a year that was marked by a slow recovery in pricing and well drilling.

There were 5.05 trillion cubic …

March 21, 2017 - 10:01 am
Cheniere Gets Commitments from Devon, Marathon and Gulfport for Proposed STACK/SCOOP-to-Gulf Coast Gas Pipeline

Cheniere Gets Commitments from Devon, Marathon and Gulfport for Proposed STACK/SCOOP-to-Gulf Coast Gas Pipeline

Cheniere’s Midship open season ends March 30

Cheniere Energy’s (ticker: LNG) Midship Pipeline Company, LLC has signed agreements with foundation shippers to support construction of a 200 mile, 36-inch interstate natural gas pipeline project and has launched a binding open …

March 20, 2017 - 2:23 pm
Registration for EnerCom’s The Oil & Gas Conference® 22 is Open

Registration for EnerCom’s The Oil & Gas Conference® 22 is Open

Registration for EnerCom's The Oil & Gas Conference® 22 is Open

EnerCom Denver: August 13-17, 2017

EnerCom’s The Oil & Gas Conference® is one of the largest oil and gas investment conferences in the industry.

The 2016 event hosted 100+ presenting companies and 2,500+ company and investment professionals.

The 2017 event

March 17, 2017 - 6:22 pm
Total U.S. Rig Count Up by 21, Half in Oklahoma

Total U.S. Rig Count Up by 21, Half in Oklahoma

U.S. rigs move to Bakken, Mississippian, Arkoma Woodford

U.S. Drilling activity has continued to rise this week, according to Baker Hughes’ (ticker: BHI) weekly rig count for March 17, 2017. The total number of rigs active in the U.S. grew …

March 17, 2017 - 5:35 pm
An Oil & Gas 360® Exclusive: Interview with Tellurian CEO Meg Gentle

An Oil & Gas 360® Exclusive: Interview with Tellurian CEO Meg Gentle

“We’re not just a one project developer, developing our asset and then clipping coupons from it

Cheniere, Tellurian and U.S. LNG

If you go all the way back to the pre-shale boom days when the U.S. was forecasting a …

March 16, 2017 - 5:40 pm

Why natural gas is the future — not coal

From CBS:

King Coal is dead, long live the king — in this case, natural gas. President Donald Trump has vowed to reverse coal’s dwindling hold as the fuel of choice. But the trend toward gas is undermining his …

March 15, 2017 - 10:23 am
The Best Acquisitions Are Not All in the Permian: a Comparison of 4 U.S. Deals

The Best Acquisitions Are Not All in the Permian: a Comparison of 4 U.S. Deals

Markets reward companies making good transactions, but sometimes even the Permian can’t move the needle

The most recent downturn in oil and gas prices has forced the industry to find the most economic acreage available in order to generate returns …

March 14, 2017 - 5:46 pm
Source: http://www.gazprom.com/press/gallery/events/649250/

EC Seeks Comments on Competitive NatGas Markets Commitments by Gazprom

Gazprom, the dominant gas supplier in a number of Central and Eastern European countries, needs to enable cross-border gas flows at competitive prices: European Commission

Under Article 9 of the EU’s antitrust Regulation 1/2003, if a company breaks such commitments,

March 14, 2017 - 3:23 pm