Natural Gas News

U.S. rig count had an increase of 7 this week, at 629

U.S. rig count had an increase of 7 this week, at 629

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had an increase of 7 over last week, resulting in a total count of 629 rigs. Canada had a decrease of 18 over last week, resulting in …

Weekly Gas Storage: Inventories decrease by 9 Bcf

Weekly Gas Storage: Inventories decrease by 9 Bcf

Natural Gas Inventories as of March 8, 2024

The EIA has released its natural gas inventory report, showing a net decrease of 9 Bcf as of March 8, 2024.

Working gas in storage was 2,325 Bcf as of Friday, March …

Source: Reuters

BP and ADNOC suspend $2-billion Israel gas deal as Gaza war continues

Oil Price


BP and the Abu Dhabi National Oil Company (ADNOC) have suspended talks to buy a 50% stake in Israel’s natural gas producer NewMed, due to uncertainty in the region, the Israeli company said on Wednesday.

In March 2023, …

EQT announces transformative acquisition of Equitrans Midstream

EQT announces transformative acquisition of Equitrans Midstream

Oil and Gas 360


03/11/2024
  • Creates America’s only large-scale, vertically integrated natural gas company prepared to compete on the global stage
  • All stock transaction with combined company enterprise value over $35 billion
  • Provides >2,000 miles of critical pipeline infrastructure with
Source: Oil Price

Biden’s pause on new LNG export permits could last for months

Oil Price


The U.S. Administration’s pause on approvals of new LNG export projects could last for several months until the U.S. Department of Energy reviews the grounds for authorizations, a DOE official told Bloomberg in an interview on Friday.

At …

U.S. rig count had a decrease of 7 this week, at 622

U.S. rig count had a decrease of 7 this week, at 622

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 7 over last week, resulting in a total count of 622 rigs. Canada had a decrease of 6 over last week, resulting in …

Source: Oil Price

New gas discoveries offer glimmer of hope for Colombia’s energy sector

Oil Price


Despite significant potential, Colombia’s oil and gas industry has had a variety of highs and lows due to political disruption, varying international interest and other determining factors. With a more stable political outlook for the coming years, Colombia …

Weekly Gas Storage: Inventories decrease by 40 Bcf

Weekly Gas Storage: Inventories decrease by 40 Bcf

Natural Gas Inventories as of March 1, 2024

The EIA has released its natural gas inventory report, showing a net decrease of 40 Bcf as of March 1, 2024.

Working gas in storage was 2,334 Bcf as of Friday, March …

EQT announces strategic production curtailment

EQT announces strategic production curtailment

Oil and Gas 360


PITTSBURGHMarch 4, 2024 /PRNewswire/ — EQT Corporation (NYSE: EQT) (“EQT” or the “Company”) today announced it made the strategic decision to curtail approximately 1 Bcf per day of gross production beginning in late February …

Source: Reuters

U.S. Northeast gasoline reserve could be sold off

Oil Price


The U.S. could sell off its 1-million-barrel Northeast Gasoline Supply Reserve in the fiscal year of 2024, a funding bill up for discussion at U.S. Congress says.

Under the draft text of the bill, “the Secretary of …

Source: Reuters

Low US natgas prices to dampen prospects for Tellurian asset sale

Nasdaq


HOUSTON – Low U.S. natural gas prices will hurt Tellurian Inc’s TELL.A ability to sell Louisiana gas producing properties in order to pay off enough debt to salvage its liquefied natural gas export (LNG) project, analysts said.

Tellurian has …

U.S. rig count had an increase of 3 this week, at 629

U.S. rig count had an increase of 3 this week, at 629

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 629 rigs. Canada had no change over last week, resulting in a total …

Weekly Gas Storage: Inventories decrease by 96 Bcf

Weekly Gas Storage: Inventories decrease by 96 Bcf

Natural Gas Inventories as of February 23, 2024

The EIA has released its natural gas inventory report, showing a net decrease of 96 Bcf as of February 23, 2024.

Working gas in storage was 2,374 Bcf as of Friday, February …

U.S. natural gas prices gain over 3% after hitting 1997 low

U.S. natural gas prices gain over 3% after hitting 1997 low

Oil Price


U.S. natural gas prices gained over 3% on Wednesday, recovering from a four-year low earlier in the week as European demand popped and unseasonably warm temperatures in the southern United States boosted cooling demand to make up for …

Source: Reuters

Woodside Energy expects a 50% increase in LNG demand by 2034

Oil Price


Woodside Energy expects demand for liquefied natural gas to increase by 50% over the next ten years driven by Asia, Bloomberg has reported, citing chief executive Meg O’Neill.

“We’re seeing signs of that demand growth in emerging …

Source: Reuters

Goldman raises forecast of Brent oil summer price to $87

Oil Price


Faster-than-expected land inventory drawdowns due to seaborne trade disruptions from the Red Sea crisis have prompted Goldman Sachs to revise up its forecast for summer peak Brent Crude prices to $87 per barrel, up by $2 from earlier …

U.S. rig count had an increase of 5 this week, at 626

U.S. rig count had an increase of 5 this week, at 626

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had an increase of 5 over last week, resulting in a total count of 626 rigs. Canada had a decrease of 3 over last week, resulting in …

Weekly Gas Storage: Inventories decrease by 60 Bcf

Weekly Gas Storage: Inventories decrease by 60 Bcf

Natural Gas Inventories as of February 16, 2024

The EIA has released its natural gas inventory report, showing a net decrease of 60 Bcf as of February 16, 2024.

Working gas in storage was 2,470 Bcf as of Friday, February …

Source: Reuters


Trans Mountain expansion may not give long-term price relief to Canada’s booming oil output

BOE Report


Canadian oil producers expect the discount on their crude to shrink significantly when the Trans Mountain pipeline expansion (TMX) starts this year, but the relief may be short-lived as surging supply looks set to exceed the country’s pipeline …

Source: Reuters

Tumbling US natural gas prices prove unstoppable, hurting producers

Nasdaq


BRIDGEPORT, Texas – For nearly a year, U.S. natural gas producers have slammed the brakes on production as prices fall. But relentless output gains including from oil companies that pump gas as an oil byproduct have unleashed record supplies.…

Source: Reuters

CenterPoint to sell Louisiana, Mississippi natgas assets for $1.2 bln

Yahoo Finance


  • Transaction valuation represents approximately 32 multiple of 2023 Louisiana and Mississippi Local Distribution (LDC) earnings
  • Sale will enable company to efficiently recycle approximately $1 billion in anticipated after-tax cash proceeds to support industry-leading capital plan
  • Transaction also enables
Source: World Oil

Guyana President calls for “immediate” development of natural gas resources

World Oil


(Bloomberg) – Guyana President Irfaan Ali called for the “immediate” development of its natural gas resources to make the South American country a regional energy powerhouse on top of its rapidly-growing oil exports.

The government is requesting that …

Source: Reuters

U.S. drillers scale back operations as gas prices tumble

Oil Price


U.S. natural gas producers are beginning to reduce drilling and investment as low prices weigh on their returns.

Reuters reports that natural gas prices in the U.S. hit the lowest in three and a half year, betraying drillers’ …

Weekly Gas Storage: Inventories decrease by 49 Bcf

Weekly Gas Storage: Inventories decrease by 49 Bcf

Natural Gas Inventories as of February 9, 2024

The EIA has released its natural gas inventory report, showing a net decrease of 49 Bcf as of February 9, 2024.

Working gas in storage was 2,535 Bcf as of Friday, February …

U.S. rig count had an increase of 4 this week, at 623

U.S. rig count had an increase of 4 this week, at 623

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had an increase of 4 over last week, resulting in a total count of 623 rigs. Canada had no change over last week, resulting in a total …

Weekly Gas Storage: Inventories decrease by 75 Bcf

Weekly Gas Storage: Inventories decrease by 75 Bcf

Natural Gas Inventories as of February 2, 2024

The EIA has released its natural gas inventory report, showing a net decrease of 75 Bcf as of February 2, 2024.

Working gas in storage was 2,584 Bcf as of Friday, February …

Source: Oil Price

Canada looks to capitalize as U.S. pauses LNG export licenses

Oil Price


The Biden administration’s decision to pause approvals of new licenses to export liquefied natural gas (LNG) is making major waves both at home and internationally. While there is much hand-wringing about the economic implications of the deal for …

Sparq Renewables, NextEra Energy break ground on Oklahoma RNG project

Sparq Renewables, NextEra Energy break ground on Oklahoma RNG project

Waste Today


Publisher’s Note: Congratulations, Sparq Renewables! EnerCom celebrates the continued success of our clients.

Sparq Renewables, based in Oklahoma City, the city of Enid, Oklahoma, and NextEra Energy Resources LLC, based in Juno Beach, Florida, have announced the groundbreaking …

Source: Reuters

Natural gas producer EQT CEO dismisses Biden’s LNG freeze as political stunt

World Oil


(Bloomberg) – The chief executive officer of the country’s largest producer of natural gas dismissed the Biden administration’s move to freeze new liquefied natural gas (LNG) exports as a political stunt, telling House lawmakers during a hearing Tuesday …

Source: World Oil

Energy trade groups urge Congress to counter Biden’s LNG ban with new legislation

World Oil


(WO) –  Energy Workforce & Technology Council (EWTC) joined the Independent Petroleum Association of America (IPAA), US Oil and Gas Association (USOGA), National Ocean Industries Association (NOIA), Texas Alliance of Energy Producers and Gulf Energy Alliance today in …