Natural Gas News

ONEOK, EPIC Midstream to Bolster Permian Takeaway

ONEOK, EPIC Midstream to Bolster Permian Takeaway

ONEOK’s Contribution

ONEOK (NYSE: OKE) has announced plans to expand its natural gas pipeline infrastructure in the Permian Basin and Oklahoma by 1.7 Bcf/d.

The project will include:

  • 150 MMcf/d of ONEOK’s WesTex Transmission system from the Permian to interstate
Marine shipping sector eyes LNG to meet clean fuel rules

Marine shipping sector eyes LNG to meet clean fuel rules

From Reuters

With new global emissions standards looming, the marine shipping industry is increasingly looking at liquefied natural gas as alternative to high-sulfur bunker fuel, shipping and energy executives said at a global gas summit this week.

Already used to …

June 28, 2018 - 11:52 am Closing Bell Story‎, Natural Gas News
Weekly Gas Storage: Build Slows

Weekly Gas Storage: Build Slows

The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week.

In total, the EIA reports natural gas stocks rose by 66 Bcf last week, increasing to 2,074 Bcf …

Oil Hits $73 on Record Demand, Massive Inventory Draw

Oil Hits $73 on Record Demand, Massive Inventory Draw

Largest draw since September 2016

Crude oil prices soared today, reaching prices not seen since late 2014. Today’s buying was driven largely by a historic draw on inventories announced by the DOE this morning.

Crude oil stocks fell by 9,891 …

Canada Cannot Start Work on Trans Mountain Pipeline Until Deal Closes: Minister

Canada Cannot Start Work on Trans Mountain Pipeline Until Deal Closes: Minister

From Reuters

The Canadian government would like to see construction accelerate on the Trans Mountain pipeline expansion, but has no control over decisions to resume or start new work until it takes ownership of the major crude oil pipeline project, …

Kinder Morgan, Blackstone, Apache Plan to Launch the Permian Highway

Kinder Morgan, Blackstone, Apache Plan to Launch the Permian Highway

New Permian Basin gas pipeline will carry 2 Bcf/d from Waha to Gulf; sponsors already considering upsizing to 48-inch due to early demand

Permian gas producers may have relief on the horizon, as Kinder Morgan (ticker: KMI), Blackstone-backed EagleClaw Midstream, …

GE Reshuffles Its Full Portfolio: Baker Hughes Will Go

GE Reshuffles Its Full Portfolio: Baker Hughes Will Go

GE’s position in BHGE is worth $23.1 billion

Less than two years after General Electric (ticker: GE) announced it would acquire Baker Hughes, GE has changed its mind, and will divest the company. This came in an announcement today in …

Oasis Petroleum Divests Non-Core Bakken, its Largest Sale since 2014

Oasis Petroleum Divests Non-Core Bakken, its Largest Sale since 2014

Oasis Petroleum (ticker: OAS) continued its portfolio shift today, selling properties in the Williston Basin in two transactions.

Oasis has agreed to sell its Foreman Butte position and some non-operated assets to buyers that the company declined to disclose. In …

Wind is Getting Big, but How Big?

Wind is Getting Big, but How Big?

In Texas wind is big: it’s in the top two states for wind power plants

Electricity generation from wind in the United States has increased from about 6 billion kilowatthours (kWh) in 2000 to about 254 billion kWh in 2017, …

SemGroup and DCP Midstream Extend Open Season

SemGroup and DCP Midstream Extend Open Season

SemGroup® Corporation (NYSE:SEMG) and DCP Midstream, LP (NYSE:DCP) today announced that, due to shipper interest, they have extended by one week the binding open season for natural gas liquids (NGL) transportation service from the DJ Basin to Mont Belvieu, Texas.…

June 26, 2018 - 12:57 pm Closing Bell Story‎, Midstream, Natural Gas News
LNG Ltd. Gets Tied Up in Trump Trade Dispute

LNG Ltd. Gets Tied Up in Trump Trade Dispute

From Bloomberg

The Trump administration’s trade dispute with China is delaying one U.S. company’s bid to sign long-term natural gas export deals.

While liquefied natural gas is excluded from the trade tariffs imposed in recent weeks, buyers are waiting to …

More North Sea Gas: Shell Returns to Overlooked Fram Field with New Plan

More North Sea Gas: Shell Returns to Overlooked Fram Field with New Plan

Downsized development will use tieback

Shell’s recent $556 million sale of North Sea properties has not diminished the company’s interest in the basin, as Shell has approved its second North Sea project this year.

The Fram field is getting a …

China Becomes World’s Biggest Natural Gas Importer

China Becomes World’s Biggest Natural Gas Importer

But when Power of Siberia pipeline begins, LNG imports may take a back seat to Russian pipeline gas 

From Maritime Executive

China has outpaced Japan to become the world’s largest importer of natural gas, a welcome sign for the developers …

June 25, 2018 - 4:03 pm China, Closing Bell Story‎, LNG, Natural Gas News
Global Gas Continues to Shape the Future of Big Oil

Global Gas Continues to Shape the Future of Big Oil

From Bloomberg

Big Oil’s fortunes are becoming tied more closely to natural gas than ever before.

Majors including Royal Dutch Shell Plc and BP Plc have boosted their proportion of gas output in recent years, helping them trim Exxon Mobil …

How Does Production from Your State Compare to the World?

How Does Production from Your State Compare to the World?

With U.S. production of oil and gas setting all-time records—at both a country and state level— providing some scale for statewide production can bring new perspective to the size of the shale boom.

To make the measurement, EnerCom Analytics identified …

U.S. Rig Count Sees Largest Decrease Since November

U.S. Rig Count Sees Largest Decrease Since November

In the major basins rig increase is nil; but oil popularity nears all-time high

Drilling activity fell this week, marking the second straight decrease in operational rigs, according to Baker Hughes’ Weekly Rig Count.

A net seven rigs shut down …

WPX Energy, Delaware basin. Three drilling rigs on multi-well pads. L to R: Orion Drilling, Pegasus on the CBR 22-10H, Aries on the CBR 22-14H.

How WPX has Avoided the Takeaway Problem in the Permian Basin: An Oil & Gas 360® Exclusive

Last week a new report was released that detailed a “stunning” production forecast for the Permian. The Permian is forecasted to more than double its 2017 oil production level of 2.5 MMb/d to 5.4 MMb/d by 2023, according to IHS …

EIA Power Plant Tally: Gas Plants Still Lead New Generation Capacity

EIA Power Plant Tally: Gas Plants Still Lead New Generation Capacity

NatGas combined cycle plants were 40% of proposed total capacity additions

The EIA has released its report on utility-scale power plants planned and built in the United States and natural gas continues to lead the way.

Power plant developers told …

Weekly Gas Storage: Steady Build Continues

Weekly Gas Storage: Steady Build Continues

The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week.

In total, the EIA reports natural gas stocks rose by 91 Bcf last week, increasing to 2,004 Bcf …

Shell Simplifies Portfolio with $1.3 Billion Asset Sales

Shell Simplifies Portfolio with $1.3 Billion Asset Sales

North Sea, Malaysia properties sold

Shell (ticker: RDS) continued its divestiture program today, selling assets in the North Sea and Malaysia for a combined $1.3 billion.

Shell is simplifying its position in the North Sea, selling its interests in two …

Present Day Middle Eastern Game of Thrones – Part Two

Present Day Middle Eastern Game of Thrones – Part Two

[EDITOR’S NOTE: this is the final installment of the OAG360 story in which Helen El Mallakh, director of the International Research Center for Energy and Economic Development (ICEED), discusses the changing political scene and the shifting geopolitical sands that are …

OPEC: Too Close to Call - Oil & Gas 360

The History of OPEC’s Output Changes and the Challenges of this Weeks Meeting

From Reuters

For OPEC, over-compliance with its supply-cutting deal is a nice problem to have.

Once known for rampant cheating on agreed oil output targets, the Organization of the Petroleum Exporting Countries has been over-delivering on a pact in place …

Effective Rig Count Approaches 3,000

Effective Rig Count Approaches 3,000

U.S. shale plays are expected to produce 7.34 MMBOPD and 69.76 Bcf/d this July, a new record for overall output: EIA

EnerCom has released the latest Effective Rig Count, examining the state of drilling activity in major shale basins.

The …

Bohrturm, Österreich: Weißer Hof 2014

Baytex Energy and Raging River to Create 100 MBOEPD Company

Combined company targets 100 MBOEPD in 2019 with $750 million CapEx budget

After a quiet first quarter, Canadian M&A activity has been busy in Q2 2018, with two major producers merging today.

Baytex Energy (ticker: BTE) and Raging River Exploration …

Cheniere Energy to Acquire Cheniere Partners; Charters an LNG Carrier

Cheniere Energy to Acquire Cheniere Partners; Charters an LNG Carrier

Cheniere Energy, Inc. (NYSE American: LNG) announced today that it has reached a definitive agreement to acquire all of the publicly-held shares of Cheniere Partners Holdings (NYSE American: CQH). Cheniere Partners Holdings shareholders will receive a fixed ratio of 0.475 …

Contract Let for Gas Pipeline Serving Proposed LNG Canada Export Project

Contract Let for Gas Pipeline Serving Proposed LNG Canada Export Project

Macro Enterprises Inc. (TSXV:MCR) (the “Company” or “Macro”) is pleased to announce that its Joint Venture with Spiecapag Canada Corp. (“Spiecapag”) has successfully negotiated and executed a construction contract with Coastal GasLink Pipeline Limited Partnership for pipeline construction services on …

June 19, 2018 - 12:17 pm Canada, Closing Bell Story‎, Energy News, LNG, Natural Gas News
Saulsbury and Apache to Add to Permian Gas Processing Capabilities

Saulsbury and Apache to Add to Permian Gas Processing Capabilities

Saulsbury was recently awarded a contract to construct three cryogenic processing plants at Apache’s Diamond processing facility, each designed with a capacity of 200 MMSCFD.

Saulsbury Industries is a 50-year-old full-service engineering, procurement, construction (EPC) and maintenance contractor specializing in …

June 18, 2018 - 1:06 pm Closing Bell Story‎, Energy News, Natural Gas News
Rig Count Falls, Breaks Historic Rise

Rig Count Falls, Breaks Historic Rise

BHI rig count has seen only one drop in 18 weeks from February to June

Drilling activity fell in the U.S. this week, snapping a ten-week long streak of increases, according to Baker Hughes Weekly Rig Count.

A net three …

North Dakota Remains Stable

North Dakota Remains Stable

Takeaway capacity more than adequate: Helms

North Dakota’s April oil and gas production report was released and indicates that production and rig count is up thanks to stabilized WTI oil prices between $45 and $60/barrel.

Lynn Helms of the North …

Targa NGL Launches Open Season

Targa NGL Launches Open Season

Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today that Targa NGL Pipeline Company LLC, a wholly owned subsidiary of the Company, has launched an open season commencing June 15, 2018 and closing July 6, 2018 to gauge …