Day: April 10, 2023

Still on a sugar high from too many Cadbury eggs over the Easter holiday weekend, natural gas futures prices soared as weather data showed cool weather returning to the Lower 48 in about a week’s time. With some short-covering likely aiding the rally, the May Nymex natural gas contract settled Monday’s regular session at $2.172/MMBtu,…

The post Natural Gas Futures Prices Bounce Higher on Cooler Late April Forecast, Short-Covering appeared first on Natural Gas Intelligence

A proposed Texas intrastate extension of the Matterhorn Express Pipeline could help preserve stronger pricing at the Katy and Houston Ship Channel (HSC) benchmarks as more natural gas volumes flow from the Permian Basin, according to analysts. Recent filings with the Railroad Commission of Texas outlined plans for the 193-mile Blackfin Pipeline, which would stretch…

The post As Permian Natural Gas Moves East, Blackfin Looking to Debottleneck Katy, HSC Hubs appeared first on Natural Gas Intelligence

Investments in floating liquefied natural gas (FLNG) production terminals are poised to increase sharply in the next four years, driven by Europe’s need to displace Russian natural gas imports and Asia’s ongoing shift away from coal, according to an analysis from Westwood Global Energy Group. Market research firm Westwood expects 18.3 million metric tons/year (mmty)…

The post Fast-Build FLNG Projects Seen Meeting Global Push to Secure Energy Supplies appeared first on Natural Gas Intelligence

The return of LNG volumes in Australia, as well as stable natural gas and oil trading, should boost Shell plc’s results in the first quarter, the integrated major said. Liquefied natural gas volumes are forecast to climb to 7.0-7.4 million metric tons (MT) in 1Q2023 from 6.8 MT in 4Q2022.  Shell, in a preview of…

The post Shell Forecasting Higher Production in 1Q as LNG Volumes Ramp in Australia appeared first on Natural Gas Intelligence

North American oilfield services (OFS) giant Liberty Oilfield Services LLC has landed a Permian Basin-focused natural gas compression specialist, whose addition is set to expand a newly created alternative fuel and power solutions business. Denver-based Liberty said it paid about $78 million for Houston-based Siren Energy. Siren adds 16 MMcf/d of natural gas compression, along…

The post Liberty Hears Siren Call to Expand CNG, RNG Use in Oilfields appeared first on Natural Gas Intelligence

Pockets of spot LNG demand continue emerging across Asia, particularly among price-sensitive natural gas buyers, but the market remains loose heading into summer as larger buyers across the region and in Europe remain on the sidelines.  Thailand’s PTT LNG Co. Ltd. bought nine summer cargoes for about $13/MMBtu in a tender that closed last week,…

The post Thailand, India Buy More Cargoes, but Global Spot Demand Still Weak – LNG Recap appeared first on Natural Gas Intelligence

After a series of earthquakes recently erupted near Oklahoma’s Arbuckle formation, state regulators have called for oil and gas operators to reduce well wastewater, affecting 23 disposal wells.  A 4.0 magnitude and a few smaller magnitude earthquakes hit Carney, OK, earlier this month. The tremors led the Oklahoma Corporation Commission’s (OCC) Oil and Gas Conservation…

The post Oklahoma Shuts In Disposal Wells, Calls for E&Ps to Reduce Wastewater Following Tremors appeared first on Natural Gas Intelligence

Last time pipeline constraints stranded Canadian crude north of the border the discount on WCS soared to a record high

Last time pipeline constraints stranded Canadian crude north of the border the discount on WCS soared to a record high

Last time pipeline constraints stranded Canadian crude north of the border the discount on WCS soared to a record high

Global natural gas consumption is expected to rebound this year as easing price volatility and rising economic activity boosts LNG imports from China and South Asia and North America’s power market continues to cut coal-fired capacity, according to the Gas Exporting Countries Forum (GECF). Researchers with the organization headquartered in Qatar in the annual report…

The post North American Coal Retirements, Asian LNG Demand Drive Global Natural Gas Rebound in 2023, GECF Says appeared first on Natural Gas Intelligence

Kinder Morgan Inc.’s (KMI) renewable diesel (RD) hub projects in California are in full commercial operation, which may be the first to transport the alternative fuel by pipeline to inland destinations. “We are confident that the best way to serve markets during this energy evolution is through an all-of-the-above energy mix,” said KMI’s Dax Sanders,…

The post Kinder Morgan Capturing More Low-Emissions Opportunities with California’s Renewable Diesel Hubs appeared first on Natural Gas Intelligence

Natural gas futures probed modestly higher in early trading Monday following colder adjustments to forecasts over the weekend, though analysts continued to see signs of underlying looseness in the supply/demand balance. The May Nymex contract was up 9.3 cents to $2.104/MMBtu at around 8:45 a.m. ET. Weather models trended somewhat cooler over the weekend, with…

The post Weekend Forecasts Colder-Trending as Natural Gas Futures Climb Early appeared first on Natural Gas Intelligence

The parties will discuss opportunities for mutual collaboration in the LNG business including LNG swaps, trading, ship optimisation, and market view exchange.

Indonesia has put three oil and gas exploration blocks out for tender in its first bidding round of the year, with estimated resources of more than 2.4 billion barrel of oil and 9 trillion cubic feet of gas, its energy ministry said on Monday.

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 – April 8, 2023 appeared first on Natural Gas Now.

The company said the decision will improve operational efficiency and minimise administrative costs.

PipeChina Group is currently operating seven LNG receiving terminals in China and three newbuilding LNG projects are under construction. [Image: GTT]

Exxon Mobil Corp has held preliminary talks with Pioneer Natural Resources Co about a possible acquisition of the U.S. shale oil producer, the Wall Street Journal reported on Friday, citing people familiar with the matter.

The FPSO Firenze will allow production start-up of the Baleine field, which is the largest hydrocarbon discovery in Cote d’Ivoire to date. [Image: Eni]