Natural Gas News

Source: Reuters

Explainer: Global energy shortage or a coincidence of regional crises?

Reuters


British gasoline stations running dry, surging power costs in the European Union ahead of winter, forced restrictions on energy use in China and rising oil, natural gas and coal prices.

You could be forgiven for thinking the world had …

Weekly Gas Storage: Inventories increase by 88 Bcf

Weekly Gas Storage: Inventories increase by 88 Bcf

Natural Gas Inventories as of September 24, 2021

The EIA has released its natural gas inventory report, showing a net increase of 88 Bcf as of September 24, 2021.

Working gas in storage was 3,170 Bcf as of Friday, September …

Source: NY Post

Biden demands OPEC boost oil production amid rising gas prices

NY Post


The White House is pressuring OPEC and its allies to boost oil production in a bid to tackle rising gasoline prices — despite imposing tighter restrictions on US oil companies last year.

 

Biden’s National Security Advisor Jake …

Source: Reuters

APPEC-Global oil demand seen reaching pre-pandemic levels by early 2022

Reuters


SINGAPORE – World gas demand is anticipated to achieve pre-pandemic ranges by early subsequent year because the financial system shrugs off pandemic woes, however spare refining capability is more likely to weigh on outlook, oil producers and merchants stated …

U.S. rig count increased by 9 this week, at 521

U.S. rig count increased by 9 this week, at 521

Oil and Gas 360


This week’s Baker Hughes rig count shows that U.S. had an increase of 9 over last week, resulting in a total count of 521 rigs. Canada had an increase of 8 over last week, resulting in …

Source: World Oil

Citigroup sees gas at $100/MMBtu, if winter is cold enough

World Oil


SINGAPORE (Bloomberg) –Citigroup Inc. more than doubled its Asian and European natural gas forecasts for next quarter and said prices could surge to as high as $100 per million British thermal units in the event of a particularly …

Source: World Oil

Russia can’t solve Europe’s gas crunch as winter approaches

World Oil


MOSCOW (Bloomberg) – Europe’s worst energy crisis in decades could drag deep into the cold months as Russia is unlikely to boost shipments until at least November.

Gazprom PJSC is producing the most gas in more than a

Weekly Gas Storage: Inventories increase by 76 Bcf

Weekly Gas Storage: Inventories increase by 76 Bcf

Natural Gas Inventories as of September 17, 2021

The EIA has released its natural gas inventory report, showing a net increase of 76 Bcf as of September 17 2021.

Working gas in storage was 3,082 Bcf as of Friday, September …

Source: CNBC

Baker Hughes CEO lays out ‘hard truths’ behind the energy transition as gas prices surge

CNBC


The CEO of energy technology firm Baker Hughes has outlined what he feels are key points related to the energy transition amid deepening concern about rising gas prices and the knock-on effects this could have in the months ahead.…

Source: Reuters

Soaring gas prices ripple through heavy industry, supply chains

Reuters


LONDON  – Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains in some sectors such as food and could result in higher …

Source: Reuters

Surging gas prices are the ‘transition premium’ in the push toward renewables, OPEC chief says

CNBC


DUBAI, United Arab Emirates — Soaring gas prices are the cost of the attempted shift to renewable energy sources, OPEC Secretary General Mohammed Barkindo told CNBC on Tuesday.

 

“I have talked about a new premium that is emerging

Source: Reuters

U.S. oil and gas leasing report coming soon, administration official says

Nasdaq


A Biden administration report on federal oil and gas leasing is undergoing an interagency review and should be published soon, an Interior Department official said on Tuesday.

“Reports like this that come at the direction of an executive order …

Source: Fox Business

Dakota Access pipeline asks U.S. Supreme Court to scrap environmental study order

Fox  Business


NEW YORK – Dakota Access on Monday asked the U.S. Supreme Court to revisit whether the largest pipeline out of the North Dakota oil basin requires additional environmental review.

The U.S. District Court for the District of Columbia …

Source: CNBC

British energy firms fear collapse as Europe’s gas crisis sees prices surge 250%

CNBC


LONDON — Britain’s energy industry could be headed for a significant shakeup, industry insiders have warned, as countries all over Europe grapple with an unprecedented crisis in the power sector.

Wholesale gas prices have spiked across the region, with

Weekly Gas Storage: Inventories increase by 83 Bcf

Weekly Gas Storage: Inventories increase by 83 Bcf

Natural Gas Inventories as of September 10, 2021

The EIA has released its natural gas inventory report, showing a net increase of 83 Bcf as of September 10 2021.

Working gas in storage was 3,006 Bcf as of Friday, September …

U.S. rig count increased by 6 this week, at 503

U.S. rig count increased by 6 this week, at 503

Oil and Gas 360


This week’s Baker Hughes rig count shows that U.S. had an increase of 6 over last week, resulting in a total count of 503 rigs. Canada had a decrease of 9 over last week, resulting in …

Source: yahoo.com

California wants air pollution rules suspended to burn more natural gas

World Oil


The state’s main grid operator wants the U.S. Department of Energy

Source: World Oil

Biden’s clean energy future won’t include natural gas

World Oil


WASHINGTON (Bloomberg) –Natural gas won’t count as clean energy under a House Democratic plan that would eventually rid the electric grid of carbon and is part of the $3.5 trillion tax-and-spending package moving through Congress.

The proposal by …

Weekly Gas Storage: Inventories increase by 52 Bcf

Weekly Gas Storage: Inventories increase by 52 Bcf

Natural Gas Inventories as of September 3, 2021

The EIA has released its natural gas inventory report, showing a net increase of 52 Bcf as of September 3, 2021.

Working gas in storage was 2,923 Bcf as of Friday, September …

U.S. rig count decreased by 11 this week, at 497

U.S. rig count decreased by 11 this week, at 497

Oil and Gas 360


This week’s Baker Hughes rig count shows that U.S. had a decrease of 11 over last week, resulting in a total count of 497 rigs. Canada had an increase of 5 over last week, resulting in …

Source: Reuters

Ukraine warns Europe to be dependent on Russia for gas supply with Nord Stream 2

Reuters


The launch of Russia’s Nord Stream 2 gas pipeline will mean Europe will be solely dependent on Moscow-run pipelines as the Ukrainian route for gas delivery to Europe disappears, the head of Ukraine’s gas transit operator said.

Russia’s Gazprom …

Weekly Gas Storage: Inventories increase by 20 Bcf

Weekly Gas Storage: Inventories increase by 20 Bcf

Natural Gas Inventories as of August 27, 2021

The EIA has released its natural gas inventory report, showing a net increase of 20 Bcf as of August 27, 2021.

Working gas in storage was 2,871 Bcf as of Friday, August …

Source: Reuters

Ida’s fury hits U.S. oil production, gasoline supplies

Nasdaq


HOUSTON – Hurricane Ida pummeled U.S. Gulf Coast energy suppliers, knocking out most of the region’s offshore wells, nearly half its motor fuel production and closing energy-export ports.

 

The storm moved into Mississippi on Monday after leaving a …

U.S. rig count increased by 5 this week, at 508

U.S. rig count increased by 5 this week, at 508

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 508 rigs. Canada had a decrease of 9 over last week, resulting in …

Weekly Gas Storage: Inventories increase by 29  Bcf

Weekly Gas Storage: Inventories increase by 29 Bcf

Natural Gas Inventories as of August 20, 2021

The EIA has released its natural gas inventory report, showing a net increase of 29 Bcf as of August 20, 2021.

Working gas in storage was 2,851 Bcf as of Friday, August …

Source: Reuters

Biden plans September restart of oil leases, per court ruling

World Oil


WASHINGTON (Bloomberg) –The Biden administration moved Tuesday to resume selling oil and gas drilling rights in the Gulf of Mexico and throughout the western U.S., after a judge ruled the president’s leasing pause was unlawful.

The Interior Department

Source: Reuters

German court order may delay Nord Stream 2 pipeline startup

World Oil


(Bloomberg) –Nord Stream 2 AG, the Gazprom PJSC-owned pipeline project to bring more Russian natural gas to Europe, risks delays after losing a court ruling imposing changes to its organization.

Source: Reuters

Germany vows sanctions if Russia uses Nord Stream 2 pipeline as a “weapon”

World Oil


(Bloomberg) – Chancellor Angela Merkel reinforced her vow to push for additional sanctions against Russia if the Kremlin uses the Nord Stream 2 gas pipeline linking Russia to Germany as a “weapon.”

The comments came two days after

Weekly Gas Storage: Inventories increase by 46 Bcf

Weekly Gas Storage: Inventories increase by 46 Bcf

Natural Gas Inventories as of August 13, 2021

The EIA has released its natural gas inventory report, showing a net increase of 46 Bcf as of August 13, 2021.

Working gas in storage was 2,822 Bcf as of Friday, August …

U.S. rig count increased by 9 this week, at 500

U.S. rig count increased by 9 this week, at 500

Oil and Gas 360


This week’s Baker Hughes rig count shows that U.S. had an increase of 9 over last week, resulting in a total count of 500 rigs. Canada had an increase of 8 over last week, resulting in …