U.S. rig count increased by 3 this week, at 604
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 604 rigs. Canada had an increase of 21 over last week, resulting in …
Natural Gas News
Texas natural gas production falls as freezing weather sets in
Output on Thursday was down 6.2%, according to preliminary BloombergNEF data based on pipeline flows. That’s the biggest …
EXCLUSIVE-Unit Corp looks to sell Anadarko, Gulf Coast gas assets for $1 bln – sources
Unit Corp UNTC.PK, one of the top U.S. natural gas producers, has hired an investment bank for a sale of its oil & gas producing assets in the Anadarko and Gulf Coast basins that could fetch around $1 …
Weekly Gas Storage: Inventories decrease by 206 Bcf
Natural Gas Inventories as of January 14, 2022
The EIA has released its natural gas inventory report, showing a net decrease of 206 Bcf as of January 14, 2022.
Working gas in storage was 2,810 Bcf as of Friday, January …
Analysis-Governments no match for markets in European energy crunch
LONDON – European governments have spent tens of billions of euros trying to shield consumers from record high energy prices, and themselves from voters’ wrath, but the measures look set to fall short.
From Athens to Oslo, lawmakers
European gas prices lure U.S. LNG cargoes away from Asia
(Bloomberg) –Higher natural gas prices and lower shipping rates are increasing the draw of U.S. liquefied natural gas cargoes to Europe over more traditional winter markets in Asia.
As of Thursday afternoon, there were 41 U.S. LNG cargoes …
U.S. rig count increased by 13 this week, at 601
This week’s Baker Hughes rig count shows that U.S. had an increase of 13 over last week, resulting in a total count of 601 rigs. Canada had an increase of 50 over last week, resulting in …
CNOOC raising oil, gas output by 6% this year
(S&P Global Platts) China’s offshore giant CNOOC targets to lift its oil and gas output by 6% on the year to 1.66 million boe/d in 2022, with most of its effort to go into boosting domestic production, CFO …
Weekly Gas Storage: Inventories decrease by 179 Bcf
Natural Gas Inventories as of January 7, 2022
The EIA has released its natural gas inventory report, showing a net decrease of 179 Bcf as of January 7, 2022.
Working gas in storage was 3,016 Bcf as of Friday, January …
Operator spend in oil and gas sector to surpass US$400 billion this year – WoodMac
Consultancy group Wood Mackenzie says the oil and gas sector will continue to rebound this year, with operator spend expected to surpass US$400 billion and higher prices driving another year of record cash flow. Global supply chain disruption, …
U.S. responding to soaring natural gas prices with major supply ramp up
“We have furnished the British great material support and we will furnish far more in the future. There will be no ‘bottlenecks’ in our determination to aid Great Britain.” President Franklin D. Roosevelt’s resounding commitment in 1940 to …
Weekly Gas Storage: Inventories decrease by 31 Bcf
Natural Gas Inventories as of December 31, 2021
The EIA has released its natural gas inventory report, showing a net decrease of 31 Bcf as of December 31, 2021.
Working gas in storage was 3,195 Bcf as of Friday, December …
Nord Stream 2 could be major leverage against Russia — but using it is complicated
Russia will lose tens of billions of dollars if a pipeline project to transport gas to Germany is abandoned — and that threat is something that Europe can use to pressure Moscow, according to a former German ambassador to …
Germany, Austria blast EU’s “greenwashing” of natural gas projects
(Bloomberg) –Germany and Austria came out strongly against the European Union proposal to classify some natural-gas and nuclear projects as sustainable investments, with both countries accusing the bloc of “greenwashing.”
In Berlin, the Greens — who joined Germany’s …
U.S. natgas slides over 2% on forecasts for less demand next week
Jan 3 – U.S. natural gas futures started the new year down over 2% on Monday on forecasts for less demand next week than previously expected and a drop in global gas prices from record highs.
In the last …
Weekly Gas Storage: Inventories decrease by 136 Bcf
Natural Gas Inventories as of December 24, 2021
The EIA has released its natural gas inventory report, showing a net decrease of 136 Bcf as of December 24, 2021.
Working gas in storage was 3,226 Bcf as of Friday, December …
U.S. natgas slips off 3-week peak on mild weather, lower demand forecasts
Dec 28 – U.S. natural gas futures slipped from a more than three-week high on Tuesday on forecasts for milder weather and less heating demand over the next two weeks than previously expected.
On their second to last trading …
U.S. natgas futures edge up on soaring global gas prices
Dec 21 – U.S. natural gas futures edged up on Tuesday, shrugging off forecasts for milder weather and lower heating demand next week than previously expected, and focusing instead on a sharp rally in European gas futures that could …
Gazprom expects dividend on 2021 results at more than 45 rbls/share
MOSCOW, Dec 21 – Russian energy giant Gazprom GAZP.MM expects to pay dividend on 2021 results of more than 45 roubles ($0.6087) per share thanks to high oil and gas prices, Gazprom’s Deputy CEO Famil Sadygov said on Tuesday.…
TotalEnergies partners with Oman on low-carbon natural gas projects
PARIS – TotalEnergies has signed with the Ministry of Energy and Minerals of the Sultanate of Oman a series of agreements for the sustainable development of the country’s natural gas resources. These agreements include:
- The establishment of Marsa
Shell signs gas concession agreement for Block 10 in Oman’s Saih Rawl field
Shell Integrated Gas Oman BV, a subsidiary of Royal Dutch Shell plc, along with its partners, OQ and Marsa Liquefied Natural Gas LLC, have signed a concession agreement with the Ministry of Energy and Minerals on behalf of …
Norway wealth fund will pressure, not divest from high gas emitters
OSLO, December 21 – Norway’s $1.4 trillion wealth fund, the world’s largest, will not deny firms that emit major greenhouse gases to meet plans to carbon-neutralize its investment portfolio by 2050.
The deputy head of the central bank – …
UK says oil and gas projects can comply with new net-zero rules
(Bloomberg) –The UK proposed a series of climate change tests to determine whether new oil and gas fields can be built off its shores, but said its net-zero pledge doesn’t require the industry to be shut down.
New …
Asia diverts extra LNG inventories to gas-starved Europe
SINGAPORE (Bloomberg) –Asia’s relentless buying of liquefied natural gas earlier this year has left the region so well stocked for winter that spot shipments are being diverted to energy-hungry Europe.
Multiple vessels are now being diverted from Asia …
U.S. natgas falls 3% to one-week low on milder weather forecasts
Dec 17 – U.S. natural gas futures fell about 3% on Friday to a one-week low on record output and forecasts for milder weather through late December than previously expected.
Mostly mild weather since mid-November has kept heating demand …
U.S. rig count increased by 3 this week, at 579
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 579 rigs. Canada had a decrease of 10 over last week, resulting in …
Weekly Gas Storage: Inventories decrease by 88 Bcf
Natural Gas Inventories as of December 10, 2021
The EIA has released its natural gas inventory report, showing a net decrease of 88 Bcf as of December 10, 2021.
Working gas in storage was 3,417 Bcf as of Friday, December …
Explainer: Can joint gas buying tackle Europe’s high prices?
BRUSSELS/LONDON – The European Union is expected to propose a system this week to allow countries to jointly buy strategic stocks of gas, a measure drawn up in response to soaring energy prices.
Benchmark wholesale European gas prices rose …
U.S. rig count increased by 7 this week, at 576
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 576 rigs. Canada had a decrease of 3 over last week, resulting in …
