Natural Gas News

Source: Houston Chronicle

Tellurian rattled as Indian buyer seeks competing deal

Houston Chronicle


Houston-based Telluraian, along with its $28 billion export project, has been rattled by the attempts of a potential major customer in India to probe the market for competing supplies, highlighting mounting pressure on sellers amid a global glut …

February 27, 2020 - 11:00 am
Weekly Gas Storage: Inventories decrease by 143 Bcf

Weekly Gas Storage: Inventories decrease by 143 Bcf

Natural Gas Inventories as of February 21, 2020

The EIA has released its natural gas inventory report, showing a net decrease of 143 Bcf as of February 21, 2020.

Working gas in storage was 2,200 Bcf as of Friday, February …

February 27, 2020 - 10:15 am
EIA forecasts natural gas inventories will reach record levels later this year

EIA forecasts natural gas inventories will reach record levels later this year

EIA


In the U.S. Energy Information Administration’s (EIA) February Short-Term Energy Outlook (STEO), EIA forecasts that the Lower 48 states’ working natural gas in storage will end the 2019–20 winter heating season (November 1–March 31) at 1,935 billion cubic feet …

February 24, 2020 - 10:43 am
Source: Reuters

U.S. shale oil outlook darkens as by-product prices slide

Reuters


DENVER/NEW YORK – U.S. shale oil drillers could scale back investment in production more quickly than previously expected this year after prices slid for what had been a lucrative by-product of their operations.

Oil producers have already taken a …

February 21, 2020 - 2:00 pm
U.S. rig count increased by 1 this week, at 791

U.S. rig count increased by 1 this week, at 791

This week’s Baker Hughes rig count shows that U.S. had an increase of 1 over last week, resulting in a total count of 791 rigs. Canada had a decrease of 11 over last week, resulting in a total Canadian count …

February 21, 2020 - 11:45 am
Source: Houston Chronicle

LNG opponents sue feds over two Port of Brownsville permits

Houston Chronicle


Opponents of the liquefied natural gas industry have sued a federal agency that issued permits for a controversial LNG export terminal at the Port of Brownsville and a related pipeline.

In a petition filed before the U.S. Court …

February 21, 2020 - 11:00 am
Weekly Gas Storage: Inventories decrease by 151 Bcf

Weekly Gas Storage: Inventories decrease by 151 Bcf

Natural Gas Inventories as of February 14, 2020

The EIA has released its natural gas inventory report, showing a net decrease of 151 Bcf as of February 14, 2020.

Working gas in storage was 2,343 Bcf as of Friday, February …

February 20, 2020 - 11:55 am
ArcLight and Rattler Form 50/50 Midstream Joint Venture

ArcLight and Rattler Form 50/50 Midstream Joint Venture

ArcLight Capital Partners and Rattler Midstream, a subsidiary of Diamondback Energy, announced today that Amarillo Midstream, an ArcLight Fund V portfolio company, and an affiliate of Rattler have entered into a 50/50 joint venture to own, operate and expand a …

February 20, 2020 - 8:32 am
Source: Houston Chronicle

Kinder Morgan CEO offers new guidance on Permian Pass Pipeline

Houston Chronicle


Houston pipeline operator Kinder Morgan plans to build the company’s third pipeline to move natural gas from the Permian Basin of West Texas to the Gulf Coast but the project may have to wait until more customers sign …

February 19, 2020 - 3:00 pm
Source: Houston Chronicle

Railroad Commissioner to list best, worst oil companies flaring natural gas

Houston Chronicle


In a report released this aftenoon, Railroad Commissioner Ryan Sitton is expected rank oil companies based on the amount of flaring they do.

The 13-page report is expected to show how the industry practice of flaring, or burning …

February 19, 2020 - 11:00 am
Enable Midstream Announces Fourth Quarter and Full-Year 2019 Financial and Operating Results

Enable Midstream Announces Fourth Quarter and Full-Year 2019 Financial and Operating Results

Enable Midstream Announces Fourth Quarter and Full-Year 2019 Financial and Operating Results. Achieved record high annual natural gas gathered, natural gas processed, natural gas transported, and crude oil and condensate gathered volumes. Enable Mississippi River Transmission, LLC (MRT) has agreed …

February 19, 2020 - 6:00 am
Source: Houston Chronicle

Hottest fossil fuel market catches a chill as gas prices drop

Houston Chronicle


A plunge in prices is shaking some of the more marginal players out of the liquefied natural gas market, chilling what until recently was the hottest part of the energy industry.

Major utilities from Orsted A/S in Denmark …

February 18, 2020 - 3:00 pm
Source: Reuters

Canada’s Trudeau scraps Barbados trip to try to resolve anti-pipeline protests

Reuters


TORONTO – Canadian Prime Minister Justin Trudeau has canceled his planned trip to Barbados to help resolve widespread rail disruptions caused by indigenous rights activists opposing the construction of a natural gas pipeline, his office said on Sunday.

Indigenous …

February 17, 2020 - 3:00 pm
Source: Houston Chronicle

Federal judge sides with Kinder Morgan over Hill Country pipeline

Houston Chronicle


Houston pipeline operator Kinder Morgan won a legal battle against opponents of the Permian Highway Pipeline, which will move natural gas from the Permian Basin of West Texas to the Katy Hub near Houston.

U.S. District Court Judge …

February 17, 2020 - 12:00 pm
Source: Reuters

Exclusive: Qatar delays partnerships for natural gas expansion amid price collapse – sources

Reuters


LONDON – Qatar has delayed choosing Western partners for the world’s largest liquefied natural gas (LNG) project by several months after surprising the industry with a big expansion plan despite a collapse in global gas prices, four sources said.…

February 17, 2020 - 11:00 am
A liquefied natural gas export facility under construction near Quintana, Texas in 2018.
TRAVIS BUBENIK / COURTHOUSE NEWS SERVICE

Judge allows contested pipeline to proceed through central Texas

Court House News Service


The 430-mile, $2 billion project would carry natural gas from a transport hub in the booming West Texas oil patch to hungry markets on the Gulf Coast

Construction on a hotly contested natural gas pipeline through …

February 16, 2020 - 5:43 pm
“It’s going to be a very long delay, because Russia doesn’t have the technology,” Brouillette said in an interview at the Munich Security Conference on Saturday. “If they develop it, we’ll see what they do. But I don’t think it’s as easy as saying, well, we’re almost there, we’re just going to finish it.”

U.S. says sanctions mean Russia can’t finish Nord Stream 2 pipeline

World Oil


The pipeline was just weeks away from completion, with 94% already constructed, when U.S. sanctions halted work. There’s a small section in Denmark’s waters that needs to be finished.

MUNICH – (Bloomberg) President Donald Trump’s top energy official …

February 16, 2020 - 4:09 pm
Vladimir Putin and Angela Merkel walk together during a meeting in Rio de Janeiro in 2014. (Imre Toma, https://flic.kr/p/yCehE8; CC BY 3.0, https://creativecommons.org/licenses/by/3.0/)

Russia’s Proposed New Pipeline Threatens U.S. National Security Interests

LAWFARE


Oil & Gas Publishers Note: Todd Carney, a first  year student at Harvard Law School, posted a good article. Worth your time.

Since 2014, Russia and Ukraine have been locked in a conflict in Donbas that has killed thousands. …

February 15, 2020 - 7:27 am
Source: Houston Chronicle

Solar and wind power can’t compete with gas this cheap

Houston Chronicle


This will almost certainly be a record-breaking year for the advance of solar and wind power across the U.S. The additions that are in progress or planned are significant enough to boost hopes for emissions-free electrical grids within …

February 14, 2020 - 3:00 pm
U.S. rig count has no change this week, stays at 790

U.S. rig count has no change this week, stays at 790

This week’s Baker Hughes rig count shows that U.S. had no change over last week, resulting in a total count of 790 rigs. Canada had a decrease of 2 over last week, resulting in a total Canadian count of 255 …

February 14, 2020 - 11:33 am
Port of Corpus Christi Awarded $17M Federal Grant for First Phase of Avery Point Terminal Redevelopment

Port of Corpus Christi Awarded $17M Federal Grant for First Phase of Avery Point Terminal Redevelopment

Port of Corpus Christi


Corpus Christi, TX, USA  The Port of Corpus Christi has received a federal grant of more than $17 million from the U.S. Department of Transportation – Maritime Administration to expand Oil Dock 3 as the …

February 13, 2020 - 11:47 am
Weekly Gas Storage: Inventories decrease by 115 Bcf

Weekly Gas Storage: Inventories decrease by 115 Bcf

Natural Gas Inventories as of February 7, 2020

The EIA has released its natural gas inventory report, showing a net decrease of 115 Bcf as of February 7, 2020.

Working gas in storage was 2,494 Bcf as of Friday, February …

February 13, 2020 - 11:15 am
Russian Energy Companies May Enter Iraq’s Gas Market, Tripling Investments – Lawmaker

Russian Energy Companies May Enter Iraq’s Gas Market, Tripling Investments – Lawmaker

UPrduPoint


MOSCOW (UrduPoint News / Sputnik – 10th February, 2020) Russia is exploring the possibility of expanding the activity of its energy giants Lukoil, Bashneft and Gazprom Neft into Iraq‘s gas sector, which may triple Russia‘s investments into …

February 11, 2020 - 11:32 am
U.S. rig count has no change this week, stays at 790

U.S. rig count has no change this week, stays at 790

This week’s Baker Hughes rig count shows that U.S. had no change over last week, resulting in a total count of 790 rigs. Canada had an increase of 10 over last week, resulting in a total Canadian count of 257 …

February 7, 2020 - 1:42 pm
Source: Houston Chronicle

Trump administration moves ahead on shrinking Utah monuments

Houston Chronicle


SALT LAKE CITY (AP) — The U.S. government implemented final management plans Thursday for two national monuments in Utah that President Donald Trump downsized more than two years ago that ensure lands previously off-limits to energy development will …

February 7, 2020 - 12:00 pm
Source: Reuters

Free-falling LNG prices wreak havoc on trade amid coronavirus fears

Reuters


SINGAPORE – Record low prices for liquefied natural gas (LNG) are roiling the global gas market, creating havoc as traders rush to find alternative locations for cargoes with Chinese buyers rejecting shipments amidst the coronavirus epidemic.

Asian spot prices …

February 7, 2020 - 11:00 am
Total beats quarterly forecasts despite low oil price, raises payout

Total beats quarterly forecasts despite low oil price, raises payout

Reuters


ABERDEEN, Scotland – Total (TOTF.PA) beat forecasts on Thursday by keeping net adjusted fourth-quarter profit steady at $3.2 billion despite low oil prices and fulfilled a pledge to boost dividends, lifting the French energy firm’s shares.

The …

February 6, 2020 - 11:00 am
Weekly Gas Storage: Inventories decrease by 137 Bcf

Weekly Gas Storage: Inventories decrease by 137 Bcf

Natural Gas Inventories as of January 31, 2020

The EIA has released its natural gas inventory report, showing a net decrease of 137 Bcf as of January 31, 2020.

Working gas in storage was 2,609 Bcf as of Friday, January …

February 6, 2020 - 10:05 am
Source: Reuters

Coronavirus paralyses short-term oil, gas sales into China

Reuters


SINGAPORE – Short-term sales of crude oil and liquefied natural gas into China almost ground to a halt this week as the coronavirus slows economic activity and cuts demand and buyers ponder legal action to avoid having to honor …

February 5, 2020 - 1:00 pm
Source: Houston Chronicle

BJ Services develops natural gas-fired turbine for frac crews

Houston Chronicle


Tomball oilfield service company BJ Services has developed a new turbine that can use natural gas from a drilling site to provide power to hydraulic fracturing crews.

BJ Services said Tuesday that its natural gas-fired Titan turbine is …

February 4, 2020 - 3:00 pm