Natural Gas News

U.S. rig count had a decrease of 1 this week, at 621

U.S. rig count had a decrease of 1 this week, at 621

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 1 over last week, resulting in a total count of 621 rigs. Canada had a decrease  of  39 over last week, resulting in …

Weekly Gas Storage: Inventories decrease by 14 Bcf

Weekly Gas Storage: Inventories decrease by 14 Bcf

Natural Gas Inventories as of December 29, 2023

The EIA has released its natural gas inventory report, showing a net decrease of 14 Bcf as of December 29, 2023.

Working gas in storage was 3,476 Bcf as of Friday, December …

Weekly Gas Storage: Inventories decrease by 87 Bcf

Weekly Gas Storage: Inventories decrease by 87 Bcf

Natural Gas Inventories as of December 22, 2023

The EIA has released its natural gas inventory report, showing a net decrease of 87 Bcf as of December 22, 2023.

Working gas in storage was 3,490 Bcf as of Friday, December …

Source: World Oil

Block Energy progresses with development strategy in Georgia

World Oil


(WO) — Block Energy Plc, the development and production company focused on Georgia, is pleased to provide the following corporate update. The company’s four-part project strategy is evolving to accelerate the significant commercial opportunity offered by Project III, …

U.S. rig count had a decrease of 3 this week, at 620

U.S. rig count had a decrease of 3 this week, at 620

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 3 over last week, resulting in a total count of 620 rigs. Canada had a decrease  of  39 over last week, resulting in …

Weekly Gas Storage: Inventories decrease by 87 Bcf

Weekly Gas Storage: Inventories decrease by 87 Bcf

Natural Gas Inventories as of December 15, 2023

The EIA has released its natural gas inventory report, showing a net decrease of 87 Bcf as of December 15, 2023.

Working gas in storage was 3,577 Bcf as of Friday, December …

Kodiak Gas Services, Inc. to acquire CSI Compressco LP in an $854 million all-equity transaction

Kodiak Gas Services, Inc. to acquire CSI Compressco LP in an $854 million all-equity transaction

Oil and Gas 360


  • All-equity acquisition to create the industry’s largest contract compression fleet of 4.3 million revenue-generating horsepower
  • Deepens Kodiak’s position in key operating areas, including over 2.8 million horsepower in the Permian Basin
  • Expected annual run-rate cost synergies
Source; World Oil

Tokyo Gas to buy Rockcliff Energy for $2.7 billion in U.S. shale push

World Oil


(Bloomberg) — Tokyo Gas Co. said its subsidiary Tokyo Gas America Ltd. will purchase Haynesville shale operator Rockcliff Energy II LLC for about $2.7 billion in a move to expand its U.S. shale gas operations.

 

Tokyo Gas …

U.S. rig count had a decrease of 3 this week, at 623

U.S. rig count had a decrease of 3 this week, at 623

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 3 over last week, resulting in a total count of 623 rigs. Canada had a decrease  of  9 over last week, resulting in …

Weekly Gas Storage: Inventories decrease by 55 Bcf

Weekly Gas Storage: Inventories decrease by 55 Bcf

Natural Gas Inventories as of December 8, 2023

The EIA has released its natural gas inventory report, showing a net decrease of 55 Bcf as of December 8, 2023.

Working gas in storage was 3,664 Bcf as of Friday, December …

Source: Reuters

Texas regulator issued 639 drilling oil, gas drilling permits in November 2023

World Oil


AUSTIN – The Railroad Commission of Texas issued a total of 639 original drilling permits in November 2023. The total includes 588 to drill new oil or gas wells, five to re-enter plugged wellbores and 37 for re-completions …

U.S. rig count had an increase of 1 this week, at 626

U.S. rig count had an increase of 1 this week, at 626

Oil and Gas 360


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 626 rigs. Canada had an increase  of  2 over last week, resulting in …

Weekly Gas Storage: Inventories decrease by 117 Bcf

Weekly Gas Storage: Inventories decrease by 117 Bcf

Natural Gas Inventories as of December 1, 2023

The EIA has released its natural gas inventory report, showing a net decrease of 117 Bcf as of December 1, 2023.

Working gas in storage was 3,719 Bcf as of Friday, December …

U.S. rig count had an increase of 3 this week, at 625

U.S. rig count had an increase of 3 this week, at 625

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had an increase of 3 over last week, resulting in a total count of 625 rigs. Canada had a decrease  of  5 over last week, resulting in …

Source: World Oil

Northeast Natural Energy received “industry-first” ESG grade for Marcellus shale natural gas production

World Oil


(WO) – Northeast Natural Energy, a West Virginia-based Marcellus shale natural gas producer, has just become the first producer globally to receive an “A” letter grade from Equitable Origin (EO) for the ESG performance of its West Virginia …

November 30, 2023 - 12:30 pm Closing Bell Story‎, Crude Oil News, ESG, Natural Gas News
Weekly Gas Storage: Inventories increase by 10 Bcf

Weekly Gas Storage: Inventories increase by 10 Bcf

Natural Gas Inventories as of November 24, 2023

The EIA has released its natural gas inventory report, showing a net increase of 10 Bcf as of November 24, 2023.

Working gas in storage was 3,836 Bcf as of Friday, November …

Source: Reuters

US kicks off a spate of oil and gas auctions just as COP28 gets underway

Nasdaq


The Biden administration on Tuesday will auction off 35,000 acres (14,164 hectares) of land in Wyoming to oil and gas drillers, the first in a series of such sales that will coincide with a United Nations’ conference aimed at …

Source: Oil Price

Gas infrastructure needs to be ready for clean hydrogen

Oil Price


As green hydrogen becomes an ever more important clean energy source, governments and energy companies must prepare for a steep incline in production in the coming years and ensure they have the correct infrastructure to transport it. Some …

November 17, 2023 - 9:30 am Closing Bell Story‎, Energy News, Hydrogen, Natural Gas News
Source: White Hawk Energy

WhiteHawk Energy to acquire Marcellus gas assets in $54 million deal

World Oil


(WO) — WhiteHawk Energy LLC has announced the acquisition of additional Marcellus Shale natural gas mineral and royalty assets for a total purchase price of $54 million. The acquisition increases WhiteHawk’s mineral and royalty ownership in its existing …

Weekly Gas Storage: Inventories increase by 60 Bcf

Weekly Gas Storage: Inventories increase by 60 Bcf

Natural Gas Inventories as of November 10, 2023

The EIA has released its natural gas inventory report, showing a net increase of 60 Bcf as of November 10, 2023.

Working gas in storage was 3,833 Bcf as of Friday, November …

Source: Reuters

Exxon to start lithium production for EVs in the US by 2027

Yahoo Finance


HOUSTON – Exxon Mobil said on Monday it plans to start producing lithium from subsurface wells by 2027 to provide supplies of the key metal used in electric-car batteries and advanced electronics.

Oil majors are investing in the …

Source: Bloomberg

Israel natural gas flows to Egypt rise as Chevron resumes Tamar production

World Oil


(Bloomberg) – Israel’s natural gas flows to Egypt have increased as much as 60% this month, according to a person familiar with Egyptian imports, as safety concerns from the war with Hamas eases and a major natural gas …

Source: Reuters

TC Energy beats third-quarter profit estimates on high LNG demand

Nasdaq


Pipeline operator TC Energy TRP.TO on Wednesday beat third-quarter profit estimates, as it gained from transporting higher volumes of liquefied natural gas.

The company reported an adjusted profit of C$1.00 ($0.7262) per share for the quarter ended Sept. 30, …

Source: Reuters

Kinder Morgan strikes $1.82-billion deal for Texas natural gas pipelines

Oil Price


Kinder Morgan will buy the natural gas pipeline portfolio of NextEra Energy Partners in Texas, paying $1.82 billion for the assets. The pipeline network has a throughput capacity of 4.9 billion cu ft daily, Kinder Morgan said in …

Source: Reuters

New Fortress Energy, Pemex scrap Mexican deepwater gas project

Reuters


New Fortress Energy (NASDAQ:NFE) and state energy company Pemex have terminated a deal to develop what could have been Mexico’s first deepwater natural gas project, Reuters reported Tuesday.

Pemex wants to continue with the development of …

U.S. rig count had an increase of 2 this week, at 618

U.S. rig count had an increase of 2 this week, at 618

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had an increase of 2 over last week, resulting in a total count of 618 rigs. Canada had a decrease  of  3 over last week, resulting in …

Weekly Gas Storage: Inventories increase by 74 Bcf

Weekly Gas Storage: Inventories increase by 74 Bcf

Natural Gas Inventories as of October 20, 2023

The EIA has released its natural gas inventory report, showing a net increase of 74 Bcf as of October 20, 2023.

Working gas in storage was 3,700 Bcf as of Friday, October …

Source: Reuters

New natural gas investments are crucial to prevent price shocks

Oil Price


Unprecedented uncertainty in natural gas demand and policies and low levels of investment in new production risk creating fresh energy crises and undermining energy security and climate goals as it would stall the move away from coal, the …

Source: Oil Price

Global natural gas supply needs $7 trillion investment to meet demand

Oil Price


Around $7 trillion in global investments in natural gas supply are necessary to ensure enough gas and avoid supply crunches through 2050, according to the Institute of Energy Economics, Japan (IEEJ).

As countries look to cut emissions and …

U.S. rig count had an increase of 2 this week, at 624

U.S. rig count had an increase of 2 this week, at 624

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had an increase of 2 over last week, resulting in a total count of 624 rigs. Canada had an increase of 5 over last week, resulting in …