Day: March 13, 2023

Natural gas futures found fresh footing Monday, posting double-digit gains as forecasts pointed to seasonally strong heating demand that more than offset losses late last week. The April Nymex gas futures contract settled at $2.606/MMBtu, up 17.6 cents day/day. It had shed 11.3 cents on Friday. May climbed 16.7 cents on Monday to $2.726. At…

The post Natural Gas Futures Rally On Looming Cold Weather; Cash Prices Cruise appeared first on Natural Gas Intelligence

European natural gas prices corrected on Monday after big gains at the end of last week as warmer weather is forecast and wind power output increases. The prompt Title Transfer Facility (TTF) contract fell by 6% Monday, dipping below $16/MMBtu. The benchmark jumped 22% on Friday amid labor strikes in France that have brought LNG…

The post TTF Rally Ends Swiftly as Weather Shifts, but Upside Risk Remains – LNG Recap appeared first on Natural Gas Intelligence

Not since the 1990s has Argentina’s natural gas segment seen so much infrastructure buildout. And it doesn’t look like it’s over yet. Argentine officials met with executives from energy companies last week to work out future infrastructure works with an eye to growing natural gas and oil production out of the prolific Vaca Muerta Shale…

The post Amid Global Energy Crunch, Argentina Looking to Export Natural Gas to World Markets appeared first on Natural Gas Intelligence

The Biden administration has given the go-ahead to ConocoPhillips’ massive Willow project planned for Alaska’s North Slope. The Bureau of Land Management (BLM) issued its Record of Decision (ROD) on Monday. The ROD said the approval included three drill sites (BT1, BT2 and BT3) and associated infrastructure. The approval includes up to 199 total wells,…

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Pennsylvania’s natural gas production declined by 5.1% in the final quarter of 2022, the largest year/year decline since monthly production data began, according to the state’s Independent Fiscal Office (IFO). This was the fourth consecutive quarter in which production did not increase on a yearly basis, according to the IFO’s Natural Gas Production Report compiled…

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Developer commits $21bn in project financing to both phases of 20mn mt/yr facility. [Image credit: Venture Global LNG]

The Biden administration has given the go-ahead to ConocoPhillips’ massive Willow project planned for Alaska’s North Slope. The Bureau of Land Management (BLM) issued its Record of Decision (ROD) on Monday. The ROD said the approval included three drill sites (BT1, BT2 and BT3) and associated infrastructure. The approval includes up to 199 total wells,…

The post U.S. Regulators Greenlight ConocoPhillips’ Willow Project in Alaska appeared first on Natural Gas Intelligence

The company’s LNG import terminal in India is expected to be online by end-2024.

Privately-held Ascent Resources Utica Holdings LLC, Ohio’s largest natural gas producer, is joining its publicly-traded peers in keeping production and activity flat this year as the commodity outlook has softened. Ascent, also one of the nation’s largest private natural gas producers, is guiding for 2-2.1 Bcfe/d of production in 2023, in line with the 2.1…

The post Ascent Resources Outlines Steady Utica Drilling Plan as Natural Gas Prices Seen Weakening  appeared first on Natural Gas Intelligence

After the Los Angeles City Council last month voted to transition the city’s largest natural gas-fired plant to green hydrogen by 2030, there are still some “areas of concern,” Sapphire Technologies Inc. CEO Freddie Sarhan said.  According to LA100, a study and roadmap for the city’s best means to achieve 100% renewable electricity by 2045…

The post Hydrogen May Flow Soon, but Natural Gas Should Remain, Says Sapphire Technologies CEO appeared first on Natural Gas Intelligence

Alberta Deep Basin pure-play Peyto Exploration & Development Corp. has all but eliminated its exposure to expected weak pricing at the AECO natural gas hub for the upcoming summer, CEO Jean-Paul Lachance said. Lachance hosted a conference call on Thursday (March 9) to discuss the gas-weighted producer’s fourth quarter and full-year 2022 results.  Lachance noted…

The post Alberta’s Peyto Exploration Touts Limited Exposure to AECO Natural Gas Prices  appeared first on Natural Gas Intelligence

With traders shrugging off a supportive temperature outlook heading into the back half of March, including colder forecast trends over the weekend, natural gas futures hovered close to even in early trading Monday. The April Nymex contract was off 0.5 cents to $2.425/MMBtu at around 8:40 a.m. ET. Weather data saw a mix of trends…

The post Natural Gas Futures Said Stuck in ‘Neutral Territory’ as Prices Called Slightly Lower appeared first on Natural Gas Intelligence

One of President Vladimir Putin’s top allies said on Monday that the United States and Britain were sowing deceptions that a pro-Ukrainian group blew up the Nord Stream gas pipelines on the bed of the Baltic Sea last year.

Social and other media companies have merged with government to create a police state where only approved CO2 narratives are permitted and free speech is out! Continue reading →

The post CO2 Reality vs. Narratives and Coverups on Social Media appeared first on Natural Gas Now.

Malaysia’s state oil firm Petroliam Nasional Berhad on Monday posted a 55% jump in quarterly profit on higher energy prices and bigger sales volume, but warned of moderating prices for this year due to an expected slowdown in the global economy.

The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM, 1600 AM, 104.1 FM and Sundays on YesFM, talked about Lithium, Pittsburgh Airport, MWCD and much more last week. Continue reading →

The post Shale Gas News – March 11, 2023 appeared first on Natural Gas Now.

French workers protesting against proposed changes to the pension system blocked fuel deliveries from leaving TotalEnergies’ and Esso refineries on Friday, while power supply was disrupted and maintenance at some of EDF’s nuclear fleet was delayed.

Colombia can go without Venezuelan natural gas because of promising offshore developments of its own, Felipe Bayon, chief executive of state-controlled oil company Ecopetrol, told Reuters.

British union Unite on Friday said several Sparrows offshore services workers have voted to strike at dozens of platforms on the UK continental shelf including those of BP and Shell.