Natural Gas Inventories as of February 21, 2025 The EIA has released its natural gas inventory report, showing a net decrease of 261 Bcf as of February 21, 2025. Working gas in storage was 1,840 Bcf as of Friday, Februrary 21, 2025, according to EIA estimates. This represents a net decrease of 261 Bcf from the previous week. Stocks were
(World Oil) – (Bloomberg) – Diamondback Energy Inc. is in talks to form a power joint venture that would solve some of the shale giant’s own needs in the Permian Basin while also selling electricity to artificial intelligence data centers in West Texas. Diamondback says it’s looking for an equity stake in a gas-fired power plant that would be built on
(Oil & Gas 360) – Climate Change To An Overdue Colder Winter Confirms Natural Gas Supply Growth Is Short Of Demand Growth & Needs A Profitable Drilling Boom. Bullish natural gas inventory data the direction we head is helped by how little natural gas was needed from inventory for the rest of the last several Winters. Weekly natural gas inventory draws
(World Oil) – Atlas Energy Solutions has completed its previously announced acquisition of Moser Energy Systems. The addition of Moser’s distributed power platform to Atlas’ existing businesses creates a diversified energy solutions provider with a leading portfolio of proppant, logistics (including the Dune Express), and distributed power solutions. The Moser asset base includes a fleet of natural gas-powered generators, expanding
(Oil Price) – Natural gas will play a critical role in the global energy transition, serving as a bridge fuel between coal and renewables, according to a new report from Wood Mackenzie. Despite concerns over emissions and affordability, gas is expected to remain a key part of the energy mix for decades, particularly in power generation, industrial processes, and transport. According
(BOE Report) – The European Union will seek more gas from countries including the U.S. to replace Russian supplies, and expand renewable energy faster to cut its overall reliance on the fuel, the EU’s energy commissioner has said. The EU has pledged to quit Russian fossil fuels by 2027 in response to Moscow’s 2022 invasion of Ukraine. While Russian pipeline
(BOE Report) – North Dakota oil production was estimated to be down between 130,000 and 160,000 barrels per day (bpd) as of Thursday morning due to the recent extreme cold and related operational challenges, the state’s pipeline authority said. Associated wellhead natural gas production was estimated to be down 0.37-0.45 billion cubic feet per day, said Justin Kringstad, director of
Natural Gas Inventories as of February 14, 2025 The EIA has released its natural gas inventory report, showing a net decrease of 196 Bcf as of February 14, 2025. Working gas in storage was 2,101 Bcf as of Friday, Februrary 14, 2025, according to EIA estimates. This represents a net decrease of 196 Bcf from the previous week. Stocks were
(Investing) – GEORGETOWN – U.S. oil major Exxon Mobil (NYSE:XOM) is planning to increase natural gas output and supply in Guyana through a large-scale project announced on Wednesday, following the government’s call for more gas to fuel onshore power and petrochemical projects. The “Wales Gas Vision”, outlined by Exxon’s Guyana head, Alistair Routledge, is set to provide gas for the production of fertilizers
Natural Gas Inventories as of February 7, 2025 The EIA has released its natural gas inventory report, showing a net decrease of 100 Bcf as of February 7, 2025. Working gas in storage was 2,297 Bcf as of Friday, Februrary 7, 2025, according to EIA estimates. This represents a net decrease of 100 Bcf from the previous week. Stocks were
(Oil Price) – European Union officials are considering the potential introduction of a cap on natural gas prices as part of discussions on a clean industrial deal policy to boost Europe’s industry. Europe is losing competitiveness due to the European gas prices which are up to four times higher than those in the United States. A cap on prices is
(Oil & Gas 360) – Last Week Helping Those Fearful Of Mankind’s-Carbon-Dioxide And Natural Gas & Oil Bearish Remain So, Have Those Of Us Bullish Set To Be Rewarded. The last two weeks nicely mild are keeping most unaware that natural gas inventory has changed from being 184 Bcf more than the year before and 284 Bcf more than the five-year
