Natural Gas Archives -

Horizon Petroleum begins production testing at Lachowice gas field in Poland

July 23, 2026

(Oil & Gas 360) – Publisher’s Note: Horizon Petroleum will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown, August 17-19, 2026. Register to attend. (World Oil) – Horizon Petroleum has advanced its Lachowice gas development in southern Poland after executing a drilling and services contract for the re-entry, recompletion and production testing of the Lachowice-7 (L7) well and securing final regulatory approval to begin field operations. The

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 32 Bcf

July 23, 2026

Natural Gas Inventories as of July 17, 2026 The EIA has released its natural gas inventory report, showing a net increase of 32 Bcf as of July 17, 2026. Working gas in storage was 3,056 Bcf as of Friday, July 17, 2026, according to EIA estimates. This represents a net increase of 32 Bcf from the previous week. Stocks were

Capstone Energy+ to supply flare gas recovery system for Maurel & Prom’s Gabon field

July 22, 2026

(World Oil) – Capstone Energy+ has signed a 36-month lease agreement with Maurel & Prom to supply a C600 Signature Series microturbine for a flare gas recovery project at the operator’s onshore oilfield in Gabon. The project will recover associated gas that would otherwise be flared and convert it into on-site electricity for field operations. Commissioning is expected in November 2026. The microturbine will

ADNOC approves $6.2-billion FID for Umm Shaif Gas Cap development offshore UAE

July 21, 2026

(World Oil) – ADNOC has approved a $6.2 billion (AED22.6 billion) final investment decision (FID) for the Umm Shaif Gas Cap development offshore Abu Dhabi, advancing a major natural gas project expected to deliver more than 600 MMscfd of natural gas and associated gas liquids by 2030. The project, located within the Umm Shaif and Nasr offshore concession, will be developed by ADNOC Offshore, which holds a

Magnolia’s $4.06 billion WildFire deal creates major South Texas position

July 20, 2026

(World Oil) – Magnolia Oil & Gas Corp. has agreed to acquire WildFire Energy for approximately $4.06 billion, creating a significantly larger position across the Eagle Ford and Austin Chalk in South Texas and more than doubling Magnolia’s acreage in the Giddings field. The transaction will add approximately 810,000 net acres and 53,000 boed of production, roughly 70% weighted to oil. Following closing, Magnolia will

Europe gas prices jump to 4-month highs on Hormuz blockade threat

July 17, 2026

(Investing) – European wholesale natural gas prices surged on Friday, touching their highest levels in nearly four months as intensifying military exchanges between Washington and Iran stoked fears over a potential closure of the Strait of Hormuz, threatening a critical chokepoint for global liquefied natural gas (LNG) flows. The front-month Dutch TTF gas contract, the European benchmark, climbed to 55.65 euros per

Canada’s Basel Belly River shale reemerges as oil development hotspot

July 17, 2026

(World Oil) – On the edge of the Canadian Rocky Mountains, companies including Obsidian Energy Ltd. and Yangarra Resources Corp. are breathing new life into a long-dormant gas reservoir — except now they’re drilling for oil. Both firms are fracing into the sandstone that makes up the Basel Belly River formation in an area southwest of the Alberta’s provincial capital Edmonton called Willesden Green. For the

Weekly Gas Storage: Inventories increase by 41 Bcf

July 16, 2026

Natural Gas Inventories as of July 10, 2026 The EIA has released its natural gas inventory report, showing a net increase of 41 Bcf as of July 10, 2026. Working gas in storage was 3,024 Bcf as of Friday, July 10, 2026, according to EIA estimates. This represents a net increase of 41 Bcf from the previous week. Stocks were

Halliburton expands role in Aramco’s unconventional gas program

July 15, 2026

(World Oil) – Halliburton has secured a multi-year contract from Aramco to provide integrated stimulation and completion services for unconventional gas development in Saudi Arabia’s Jafurah basin, supporting one of the world’s largest unconventional gas programs. The award is part of a broader multi-billion-dollar contract and expands Halliburton’s role in Aramco’s unconventional development program, where the company provides drilling, stimulation and completion services across multiple

US natural gas power costs reach 17-year high on data center demand, Lazard says

July 13, 2026

(Investing) – The cost of electricity from natural gas power plants in the United States reached its highest point in at least 17 years, according to data released Monday by Lazard Inc. The levelized cost of energy for combined cycle gas plants rose to $90 per megawatt-hour in 2026, up from $78 the previous year. The figure represents the highest level

Weekly Gas Storage: Inventories increase by 61 Bcf

July 9, 2026

Natural Gas Inventories as of July 3, 2026 The EIA has released its natural gas inventory report, showing a net increase of 61 Bcf as of July 3, 2026. Working gas in storage was 2,983 Bcf as of Friday, July 3, 2026, according to EIA estimates. This represents a net increase of 61 Bcf from the previous week. Stocks were

The era of cheap U.S. natural gas may be coming to an end

July 6, 2026

(Oil Price) – U.S. natural gas prices are set to rise through 2035, following a decade of low Henry Hub prices, as the AI data center boom and the expansion of U.S. LNG export infrastructure will underpin strong demand, analysts at Wood Mackenzie say. During the decade to 2025, the benchmark U.S. Henry Hub prices remained in a narrow range of between $2

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