Post Tagged with: "natural gas"

EcoStim Energy Solutions provides completion and stimulation services in Argentina's Vaca Muerta shale play.

Seasonal Demand Patterns Give Argentinian LNG a Unique Opportunity

By Tyler Losier, Energy Reporter, Oil & Gas 360

Vaca Muerta production growth leads to LNG exports
In the past few years, Argentina’s natural gas production has been steadily rising, mainly due to an increased focus on the Vaca Mueta

In Britain, Electric Cars Could Store Renewable Energy for Grid: National Power Co.

In Britain, Electric Cars Could Store Renewable Energy for Grid: National Power Co.

By 2050, National Grid predicts, 35m electric cars will supply energy when needed

From The Guardian

Electric cars could use wind and solar to charge up, then supply the excess energy to the national grid. A fleet of 35 million …

July 12, 2019 - 5:53 am Closing Bell Story‎, Energy News
Pennsylvania Had Record Year for Natural Gas Production

Pennsylvania Had Record Year for Natural Gas Production

From Trib Live


Pennsylvania had a record year for natural gas production in 2018, the state Department of Environmental Protection said on Wednesday.

Unconventional well operators produced 6.1 trillion cubic feet of natural gas in 2018 — an increase of …

China’s Lack of Natural Gas Storage Capacity Restricts Supply

China’s Lack of Natural Gas Storage Capacity Restricts Supply

From China Daily


While China needs more natural gas to meet its surging demand for clean fuel, a lack of storage capacity is making it difficult for the country to cope with supply crunches in winter months when demand surges …

What Energy Security Looks Like: 90% of Natural Gas Used in U.S. Is Produced Domestically

What Energy Security Looks Like: 90% of Natural Gas Used in U.S. Is Produced Domestically

By Tyler Losier, Energy Reporter, Oil & Gas 360


The United States has been a net exporter of natural gas since 2017

In the United States, natural gas is one of the most prevalent sources of energy, and according to

Source: Lonestar Resources

Lonestar’s Production Exceeds Guidance

By Tyler Losier, Energy Reporter, Oil & Gas 360

Lonestar estimates production of 13,500 BOEPD for Q2 2019
Lonestar Resources (stock ticker: LONE), an independent E&P focused on the Eagle Ford Basin in Texas, released its estimated production rates for

China’s Soaring Natural Gas Consumption Surpasses its Production 

China’s Soaring Natural Gas Consumption Surpasses its Production 

From AXIOS – Adapted from The Oxford Institute for Energy Studies 

 short paper from an Oxford Institute for Energy Studies researcher looks at China’s soaring demand for natural gas and ways it could meet growing import reliance. 

Why it

June 28, 2019 - 5:00 am China, Closing Bell Story‎, Energy News
As Coal Fades in the U.S., Natural Gas Becomes the Climate Battleground 

As Coal Fades in the U.S., Natural Gas Becomes the Climate Battleground 

From The New York Times 

America’s coal-burning power plants are shutting down at a rapid pace, forcing electric utilities to face the next big climate question: Embrace natural gas, or shift aggressively to renewable energy? 

Some large utilities, including

Oil & Gas 360 Energy News

Antero Midstream to Launch $600 Million Offering

By Tyler Losier, Energy Reporter, Oil & Gas 360

Antero intends to offer $600 million in senior unsecured notes
Antero Midstream Partners LP, a wholly owned subsidiary of Antero Midstream, intends to offer $600 million in aggregate principal amount of

EcoStim Energy Solutions provides completion and stimulation services in Argentina's Vaca Muerta shale play.

The Dead Cow Finally Produces Oil, a Century After Its Discovery

From Bloomberg


Argentine shale formation sees first crude and LNG shipments, drillers still face many infrastructure, political challenges

Along the western edge of Argentina’s Patagonia, on an arid steppe nestled against the Andes mountains, lies a shale formation known as …

The CD5 drill site, part of the Alpine Field, has four completed wells with plans for 11 more by early 2017.

ConocoPhillips Grabs Acreage in Alaska

By Tyler Losier, Energy Reporter, Oil & Gas 360

ConocoPhillips Alaska (stock ticker: COP) has forged an agreement with Caelus Natural Resources Alaska, a small, private E&P, to acquire 100% of Caelus’s holding in the Nuna discovery.

The land in

Williams Trades 35% Stake in Pipelines for $1.33 Billion

Williams Trades 35% Stake in Pipelines for $1.33 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

New $3.8 Billion JV in the Marcellus/Utica
Williams (stock ticker: WMB), an energy infrastructure company headquartered in Oklahoma, completed the formation of a $3.8 billion joint venture today with the Canada

Source: Comstock Resources

$2.2-Billion Haynesville Merger Creates New Basin Leader

By Tyler Losier, Energy Reporter, Oil & Gas 360

Comstock acquires Covey Park Energy for $2.2 billion
Dallas Cowboys owner Jerry Jones and company made a deal to acquire a young, up-and-coming player last Friday, but the deal had nothing

Source: Brazos Midstream

New NatGas Gathering, Processing System Heading to the Delaware

By Tyler Losier, Energy Reporter, Oil & Gas 360

Brazos Midstream and Shell E&P sign exclusive deal
Brazos Midstream, a major Delaware Basin midstream player, has signed a 15-year gathering and processing agreement with Shell Exploration and Production. The deal

Commonwealth LNG Lays Groundwork for 1.5 Mtpa Deal

Commonwealth LNG Lays Groundwork for 1.5 Mtpa Deal

Signs HOA anticipating the negotiation of a 15-year SPA
Commonwealth LNG, a subsidiary of Commonwealth Projects, LLC, has signed a heads of agreement (HOA) with commodities trading house Gunvor Singapore Pte Ltd., a subsidiary of Gunvor Group Ltd.

The HOA

50 Bcf of Gas Infrastructure Assets Sell for $215 Million Cash

50 Bcf of Gas Infrastructure Assets Sell for $215 Million Cash

By Bevo Beaven, Editor, Oil & Gas 360

Martin Midstream Partners L.P. (stock ticker: MMLP) has entered into a definitive agreement with Hartree Cardinal Gas, LLC, a subsidiary of Hartree Bulk Storage LLC, to sell its membership interests in Arcadia …

Source: EIA

Germany to Totally Exit Coal

By Tyler Losier, Energy Reporter, Oil & Gas 360

Proposal calls for the transition to occur by 2038
A government-appointed coal commission in Germany has laid the groundwork for a plan to phase out the use of coal completely by

Saudi Arabia is Burning Less of its Crude Oil for Power

Saudi Arabia is Burning Less of its Crude Oil for Power

By Tyler Losier, Energy Reporter, Oil & Gas 360

Natural gas consumption is on the rise in the kingdom
Saudi Arabia burns more crude oil for the purposes of power generation than any other nation in the world, tripling the

UPS Purchases Largest Quantity of Renewable Natural Gas in U.S. History

UPS Purchases Largest Quantity of Renewable Natural Gas in U.S. History

By Tyler Losier, Energy Reporter, Oil & Gas 360

 
Clean Energy Fuels Corp. to supply 170 million gallon equivalents, sells for same price as traditional natural gas
UPS (stock ticker: UPS) announced today that it would be making the

Xcel Energy Says Goodbye to Coal

Xcel Energy Says Goodbye to Coal

Company is expanding wind generation, using nuclear energy, adding a natural gas plant

Xcel Energy announced plans today to retire its last two coal plants in the Upper Midwest a decade earlier than scheduled. Xcel plans to expand wind and …

Trump Considering Waiving Jones Act Mandate for Natural Gas: Bloomberg

Trump Considering Waiving Jones Act Mandate for Natural Gas: Bloomberg

From Bloomberg

President Donald Trump is seriously considering waiving the requirement that only U.S. flagged vessels can move goods from American ports to Puerto Rico or energy-starved areas of the Northeast, according to people familiar with the deliberations.

The issue …

April 24, 2019 - 3:40 pm Closing Bell Story‎, Energy News, Natural Gas News
U.S. Natural Gas Prices Are at a 3-Year Low

U.S. Natural Gas Prices Are at a 3-Year Low

From Bloomberg

Natural gas futures tumbled to the lowest in almost three years as U.S. shale output swamps the market amid mild spring weather, soothing concern about a potential supply crunch next winter.

A seasonal lull in heating and cooling …

April 18, 2019 - 3:24 pm Closing Bell Story‎, Energy News, Natural Gas News
Wyoming Files Suit Opposing BLM Rule on Flaring - Oil & Gas 360 flare

Oil Producers Are Burning Enough ‘Waste’ Gas to Power Every Home in Texas

From Bloomberg

America’s hottest oil patch is producing so much natural gas that by the end of last year producers were burning off more than enough of the fuel to meet residential demand across the whole of Texas. The phenomenon …

April 11, 2019 - 4:37 pm Closing Bell Story‎, Energy News, Natural Gas News
U.S. Natural-Gas Market Is Taking Cues From China

U.S. Natural-Gas Market Is Taking Cues From China

From The Wall Street Journal

The rise of the U.S. as a major exporter of liquefied natural gas has helped balance the domestic market amid surging production. It has also connected the price of gas in Louisiana to the weather …

April 11, 2019 - 4:15 pm China, Closing Bell Story‎, Energy News, Natural Gas News
FERC Chairman Speaks Out on Climate Change

FERC Chairman Speaks Out on Climate Change

From CNN

“I believe climate change is real. I believe man has an impact,” Neil Chatterjee, chairman of the Federal Energy Regulatory Commission, said at a conference in New York on Wednesday. “And I believe that we need to take …

April 11, 2019 - 6:44 am Closing Bell Story‎, Power Generation, Regulatory
Low Storage, Prices Equals Bad News for U.S. Gas Producers

Low Storage, Prices Equals Bad News for U.S. Gas Producers

From The Wall Street Journal

A trillion certainly sounds like a lot.

In all but the most depreciated currency, it would be a tremendous fortune. Even before the fracking boom transformed the American energy landscape in the last decade, though, …

April 8, 2019 - 4:55 pm Closing Bell Story‎, Energy News, Natural Gas News
rig

Permian Gas Prices Go Up $9 – All the Way To $0

Pipeline outage sent Waha gas to record negatives
By Richard Rostad, analyst, Oil & Gas 360

The natural gas takeaway crunch in the Permian has become extreme, with producers paying to get rid of gas instead of getting paid for

Wyoming Files Suit Opposing BLM Rule on Flaring - Oil & Gas 360 flare

They Can’t Give It Away: Texas Natural Gas at All-Time Negative Lows

From Reuters

Next-day natural gas prices for Wednesday at the Waha hub in West Texas plunged to record negative levels – meaning some drillers are paying those with spare pipeline capacity to take the unwanted gas and are getting nothing …

April 3, 2019 - 3:47 pm Closing Bell Story‎, Energy News, Natural Gas News
Natural Gas Prices Are Crashing Globally as Market Suffers ‘Winter Hangover’

Natural Gas Prices Are Crashing Globally as Market Suffers ‘Winter Hangover’

From Bloomberg

Natural gas prices are collapsing across the globe as supplies from the U.S. to Australia flood the market, sparking concern some exporters will have to curtail output and raising questions about new investments.

While prices typically ease at …

March 29, 2019 - 5:08 pm Closing Bell Story‎, Energy News, Natural Gas News
Asia’s Vanishing Gas Premium Leaves Europe as Swing Buyer

Asia’s Vanishing Gas Premium Leaves Europe as Swing Buyer

From Bloomberg

Asia is no longer the premium market for liquefied natural gas.

The key benchmark in the world’s biggest LNG consuming region, S&P Global Platts’ Japan/Korea Marker, has dropped below Dutch Title Transfer Facility prices for the first …

March 27, 2019 - 4:30 pm Closing Bell Story‎, Energy News, LNG, Natural Gas News