(World Oil)– The methane intensity of oil and gas production in the Permian basin—an area responsible for half of U.S. oil production and one fifth of natural gas—declined by more than 50% during the 2022-2024 period as improved operations, better equipment and the utilization of AI and other advanced technologies led to reductions across all observable plume rates (large and
(World Oil)– Global supply of liquefied natural gas is set to surge the most since 2019 next year, primarily driven by production additions in North America, the International Energy Agency said. The increase in supply will accelerate to 7%, or 40 billion cubic meters a year in 2026, following a 5.5% expansion this year, the IEA said in its quarterly gas
Natural Gas Inventories as of July 18, 2025 The EIA has released its natural gas inventory report, showing a net increase of 23 Bcf as of July 18, 2025. Working gas in storage was 3,075 Bcf as of Friday, July 18, 2025, according to EIA estimates. This represents a net increase of 23 Bcf from the previous week. Stocks were
(BOE Report)– U.S. President Donald Trump said on Tuesday that Japan will form a joint venture to develop a liquefied natural gas project in Alaska though a Japanese government official said he was not aware of such plans. It was not immediately clear whether Trump was referring specifically to the proposed $44 billion Alaska LNG project. That project would consist
(Oil Price)– The chief executive of gas major EQT has called on legislators to reduce the length of the approval process for new natural gas infrastructure in order to boost the competitiveness of U.S. energy. In an interview with the Financial Times, Toby Rice said that “The threat of not getting infrastructure built has only gotten larger — not only from bad
(BOE Report)– U.S. liquefied natural gas company Freeport LNG’s export plant in Texas was on track to take in more natural gas on Thursday, two days after one of the plant’s three liquefaction trains shut, according to a company filing with state regulators and gas flow data from financial firm LSEG. Freeport told Texas environmental regulators on Wednesday that
Natural Gas Inventories as of July 11, 2025 The EIA has released its natural gas inventory report, showing a net increase of 46 Bcf as of July 11, 2025. Working gas in storage was 3,052 Bcf as of Friday, July 11, 2025, according to EIA estimates. This represents a net increase of 46 Bcf from the previous week. Stocks were
(BOE Report) – Asset management firm Blackstone will announce on Tuesday a $25 billion investment in data centers and energy infrastructure in Pennsylvania, Chief Operating Officer Jon Gray said at a panel at the Energy and Innovation Summit in Pittsburgh. Gray said Blackstone had identified several sites to build large data centers and would also later be announcing with a
(World Oil)– MidOcean Energy, a liquefied natural gas company founded by private equity firm EIG and backed by Saudi Aramco, has emerged as the frontrunner to buy a minority stake in Petronas’ Canadian business, people familiar with the matter said. Petronas, as the Malaysian state energy firm is known, has picked MidOcean as the preferred bidder, according to sources. The
(Oil Price)– Azule Energy, a joint venture of international majors BP and Eni, has discovered a major natural gas reservoir offshore Angola in the first gas-targeting exploration well in the oil-producing country. Azule Energy, the operator of Block 1/14, has announced a gas discovery at the Gajajeira-01 exploration well, located in the Lower Congo Basin in Angola’s waters. Initial assessments suggest gas
(BOE Report)– U.S. natural gas storage is on track to end the April-October summer injection season at a three-year low of 3.797 trillion cubic feet (tcf) on October 31, 2025, according to analysts’ estimates. That compares with an eight-year high of around 3.938 tcf at the end of the summer injection season in 2024 and a five-year (2020-2024) average of
Natural Gas Inventories as of July 4, 2025 The EIA has released its natural gas inventory report, showing a net increase of 53 Bcf as of July 4, 2025. Working gas in storage was 3,006 Bcf as of Friday, July 4, 2025, according to EIA estimates. This represents a net increase of 53 Bcf from the previous week. Stocks were
