U.S. rig count had an increase of 1 this week, at 626
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 …
Natural Gas News
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
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 …
Northeast Natural Energy received “industry-first” ESG grade for Marcellus shale natural gas production
(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 …
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 …
US kicks off a spate of oil and gas auctions just as COP28 gets underway
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 …
Gas infrastructure needs to be ready for clean hydrogen
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 …
WhiteHawk Energy to acquire Marcellus gas assets in $54 million deal
(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
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 …
Exxon to start lithium production for EVs in the US by 2027
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 …
Israel natural gas flows to Egypt rise as Chevron resumes Tamar production
(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 …
TC Energy beats third-quarter profit estimates on high LNG demand
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, …
Kinder Morgan strikes $1.82-billion deal for Texas natural gas pipelines
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 …
U.S. rig count had an increase of 2 this week, at 618
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
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 …
New natural gas investments are crucial to prevent price shocks
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 …
Global natural gas supply needs $7 trillion investment to meet demand
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
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 …
Weekly Gas Storage: Inventories increase by 97 Bcf
Natural Gas Inventories as of October 13, 2023
The EIA has released its natural gas inventory report, showing a net increase of 97 Bcf as of October 13, 2023.
Working gas in storage was 3,626 Bcf as of Friday, October …
Railroad Commission of Texas received national recognition for well-plugging program
AUSTIN – The Railroad Commission’s award-winning well-plugging program received yet another accolade – receiving the esteemed Chair’s Environmental Partnership Award from the Interstate Oil and Gas Compact Commission (IOGCC). The award was for completing a complex project that …
Shell changes approach to mid-century net-zero goal while focusing on oil, gas
(Bloomberg) – Shell Plc still plans to achieve net zero emissions by the middle of the century, but its approach to hitting that target has changed, its CEO said. “For avoidance of doubt, what hasn’t changed is the …
Shell shares hit record high with stronger focus on oil, gas business
(Bloomberg) – Shell Plc shares hit a record high as rising energy prices and the new CEO’s stronger focus on the core oil and gas business attracted investors. Shares of the company rose as high as 2,763 pence …
U.S. rig count had a decrease of 3 this week, at 622
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 622 rigs. Canada had a decrease of 13 over last week, resulting in …
ANALYSIS-Canada may struggle to recoup $26 billion cost of Trans Mountain pipeline
Canada faces an uphill battle to recoup the roughly C$35 billion ($25.74 billion) in taxpayers’ money it has sunk into the Trans Mountain oil pipeline, as uncertainty over shipping tolls and a limited pool of buyers cloud the asset’s …
Weekly Gas Storage: Inventories increase by 84 Bcf
Natural Gas Inventories as of October 6, 2023
The EIA has released its natural gas inventory report, showing a net increase of 86 Bcf as of October 6, 2023.
Working gas in storage was 3,529 Bcf as of Friday, October …
Tellurian asks for three-year extension to complete its driftwood LNG facility
Tellurian has applied for a three-year construction permit extension with the Federal Energy Regulatory Authority to complete the construction of the Driftwood LNG facility. The Driftwood LNG plant, currently under construction, would be one of the biggest in
Shutdown of key Israeli gas field imperils Egypt’s LNG exports to Europe
(Bloomberg) — Israel’s gas shipments to Egypt fell by 20% as safety concerns prompted the shutdown of a key offshore field, threatening onward deliveries to Europe. Halting the Tamar field in the Mediterranean Sea reduced Egypt’s imports of …
US natgas prices edge up to fresh 8-month high on rising exports
U.S. natural gas futures edged up about 1% on Tuesday to a fresh eight-month high on rising exports and higher global gas prices. That price increase came despite forecasts for milder weather and less heating demand over the next …
Chevron shuts down Israeli natural gas field after Hamas attack
Following this weekend’s attack by Hamas on Israel, Chevron, the operator of the Tamar gas field offshore southern Israel, has shut down production at the field per instructions from the Israeli energy ministry.
“Chevron Mediterranean Limited was instructed …
