Day: September 14, 2023

South America is fast emerging, once again, as one of the world’s hottest drilling locations, with the continent believed to contain considerable volumes of commercially extractable natural gas. While offshore Guyana is garnering the lion’s share of at…

Back in 2008, Virgin Atlantic made history after flying a Boeing 747 between London and Amsterdam partly powered by a biofuel made from Brazilian babassu nuts and coconuts. Although Virgin Atlantic founder Sir Richard Branson hailed the event as a “vit…

Natural gas futures found fresh footing after the latest government inventory report indicated further progress toward supply/demand balance and a key export facility showed signs of bouncing back from an unplanned interruption. Coming off a 6.3-cent decline the prior session, the October Nymex gas futures contract on Thursday gained 2.8 cents day/day and settled at…

The post Natural Gas Futures Prices Rebound as Freeport LNG Recovers, Storage Deficit Narrows appeared first on Natural Gas Intelligence

Natural gas forward prices recovered some ground during the Sept. 7-13 trading period as bullish technical signals and a steadily eroding storage surplus lifted the October contract by an average 10.0 cents, according to NGI’s Forward Look. Small price gains were seen throughout the forward curves, with November prices averaging 9.0 cents higher and the…

The post Natural Gas Forward Prices Rise, but Bearish Headwinds May Intensify This Fall appeared first on Natural Gas Intelligence

The recent summit between the European Union (EU) and the Community of Latin American and Caribbean States (CELAC) in Brussels represented a timely opportunity for Europe to build new alliances on the world stage. One important but under-reported devel…

After rising Monday and Tuesday and then falling on Wednesday, natural gas futures returned to the plus column on Thursday as the October Nymex natural gas futures contract gained 2.8 cents day/day to settle at $2.708/MMBtu.  There could be some reason to believe that prices will continue their rise. U.S. production was below 100 Bcf/d…

The post Mexico Imports Add to Bullish Sentiment for U.S. Natural Gas Prices Longer Term – Spotlight appeared first on Natural Gas Intelligence

A venture to build the largest independent water infrastructure platform in the Permian Basin is advancing after Five Point Energy LLC secured a partnership with Diamondback Energy Inc., its second in a month’s time. Diamondback and the private equity firm’s Deep Blue Midland Basin LLC is a joint venture (JV) to build water infrastructure in…

The post Five Point Advancing Produced Water Projects in Permian for Diamondback and Devon appeared first on Natural Gas Intelligence

FuelCell Energy Inc., a global leader in sustainable energy technologies, is partnering with Toyota Motor North America Inc. on a triple generation system, aka “Tri-gen,” to produce renewable electricity, renewable hydrogen, and directed biogas, better known as renewable natural gas (RNG). The Tri-gen system at Toyota’s Port of Long Beach facility in California is the…

The post FuelCell, Toyota Team at California Port to Reduce Emissions, Create RNG, Renewables  appeared first on Natural Gas Intelligence

Chinese researchers have introduced a novel approach for the recovery and recycling of lithium from used Lithium Ion Batteries (LIBs). The team explored the technique by publishing in the journal Angewandte Chemie. Lithium-ion batteries provide our por…

The price of yellowcake – uranium concentrate used in nuclear generation – has surged to the highest level in 12 years as nuclear once again becomes a desirable form of energy generation. The FT reports that yellowcake prices have gained 12% over the p…

ConocoPhillips has inked a 15-year LNG supply deal with Netherlands-based Gate Terminal that would expand Conoco’s gas presence in Europe by 1l.5 million tons in regasification capacity annually. The deal will become effective in 2031 and will boost LN…

Florida Governor Ron DeSantis is planning to reveal next week a new policy for energy as the presidential candidate travels to oil country. DeSantis will visit Midland, Texas, next Wednesday on a fundraising trip, where he will unveil a new energy poli…

Grassroots resistance to the Biden administration’s ambitious push for a “zero-carbon” economy is coalescing in varied new state laws and local ordinances that threaten to bog down solar and wind development in a multi-front legal and regulatory war on…

Labor unions on Thursday escalated strikes at Chevron Corp.’s Gorgon and Wheatstone LNG facilities in Western Australia by banning tanker loadings.  Unions also started 24 sporadic one-hour daily work stoppages at the export terminals and the Wheatstone offshore production platform after first going on strike last week. The actions came the same day as the…

The post Australian LNG Labor Strikes Intensify Amid Wheatstone Equipment Issues appeared first on Natural Gas Intelligence

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 57 Bcf natural gas into storage for the week ended Sept. 8. The result came in at the high end of expectations but well below historic averages, leaving the market to mull its implications. On Wednesday, prompt-month natural gas futures fell for the…

The post Natural Gas Futures, Spot Prices React as Demand Picture Dims appeared first on Natural Gas Intelligence

For centuries, Armenians have had a tight relationship with Russia. But those ties have come under strain over the past year and a half as Russia, bogged down in Ukraine, has largely stood aside as its Armenian ally faces ever increasing pressure from …

Apparently, things are going a little too well for the EV market in China, prompting the EU to launch an investigation into Chinese subsidies for electric vehicles, according to Bloomberg.  Because, you know, why let consumers benefit from competition …

Feed gas nominations to Freeport LNG ticked up and a vessel appeared to be loading early Thursday, according to Kpler vessel-tracking data, after days of significantly reduced flows to the facility. Nominated feed gas on the Gulf South Pipeline system, the export facility’s primary supply route, was 599 MMcf/d on Wednesday, according to NGI analysis…

The post Freeport LNG Feed Gas Deliveries Seen Rebounding as Loading Resumes appeared first on Natural Gas Intelligence

Florida Governor Ron DeSantis is planning to reveal next week a new policy for energy as the presidential candidate travels to oil country. DeSantis will visit Midland, Texas, next Wednesday on a fundraising trip, where he will unveil a new energy poli…

Natural gas storage, the backbone of U.S. energy security, has seen issues arise as pipeline operators deal with outages and price volatility, according to industry experts. The North American gas pipeline system has been dealing with more force majeures and maintenance events, energy industry professionals said this week in Chicago at the LDC Gas Forums…

The post North American Utilities Relying on Natural Gas Storage as Hedge Against Price, Supply Volatility  appeared first on Natural Gas Intelligence

As we previewed earlier, while the ECB decision was a tough call and while pure mathematical consensus expected no hike today, moments ago the ECB surprised the consensus (if not our readers) with what is most likely the final rate hike, when it raised…

West Texas Intermediate (WTI) soared past $90 in Thursday morning trading, up over 30% in three months, driven by sustained OPEC+ production cuts and indications that a tighter market is coming.  At 10:51 a.m. ET on Wednesday, WTI was trading at $90.14…

A natural gas pipeline has caught fire in Russia, RIA news agency said on Thursday. The blast took place at 7:40 a.m. local time and was followed by a fire that affected the underground Peschany Umyot-Storozhevka pipeline near the village of Krasny Okt…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 57 Bcf natural gas into storage for the week ended Sept. 8. The result came in at the high end of expectations but well below historic averages, leaving the market to mull its implications. Ahead of the 10:30 ET government inventory print, the…

The post October Natural Gas Futures Hold Positive Position After 57 Bcf Storage Injection appeared first on Natural Gas Intelligence

US consumer prices increased by the most in more than a year in August amid a surge in the cost of gasoline, but a moderate rise in underlying inflation could encourage the Federal Reserve to keep interest rates on hold next Wednesday. The consumer pri…

Permian Basin pure-play Vital Energy Inc. is snapping up a bevy of assets concentrated in West Texas through a transformational deal worth an estimated $1.67 billion. The Tulsa-based independent clinched the cash-and-equity deals with affiliates of Henry Energy LP and Henry Resources LLC, as well as Tall City Property Holdings III LLC and Maple Energy…

The post Vital Energy’s Permian Triple Play a ‘Game Changer,’ Says CEO appeared first on Natural Gas Intelligence

Qatargas has changed its name to QatarEnergy LNG to reflect the tiny Gulf nation’s commitment to continue to be one of the top suppliers of LNG globally, the parent company QatarEnergy said on Thursday. QatarEnergy LNG, with the new name and a new logo…

Qatargas has changed its name to QatarEnergy LNG to reflect the tiny Gulf nation’s commitment to continue to be one of the top suppliers of LNG globally, the parent company QatarEnergy said on Thursday. QatarEnergy LNG, with the new name and a new logo…

Qatargas has changed its name to QatarEnergy LNG to reflect the tiny Gulf nation’s commitment to continue to be one of the top suppliers of LNG globally, the parent company QatarEnergy said on Thursday. QatarEnergy LNG, with the new name and a new logo…

Via Metal Miner Month-over-month, the Renewables MMI (Monthly Metals Index) ended up dropping significantly by 11.16%. The main culprit for this was cobalt prices dropping significantly in August, despite prices flattening again in the beginning of Sep…

TotalEnergies is launching development studies for a 200,000-bpd oil project offshore Suriname worth $9 billion, in what could be the first commercial crude production in the South American country neighboring the new hotspot for discoveries, Guyana. T…

Ukraine’s natural gas storage inventories are growing with European traders sending more supply to the country as stocks elsewhere on the continent are brimming.  Ukraine Energy Minister German Galushchenko said Wednesday on the social media platform Telegram that foreign traders had pumped 1.8 billion cubic meters (Bcm), or about 64 Bcf, into the country’s underground…

The post Europe Again Tapping into Ukrainian Storage Capacity as Stocks Grow Elsewhere appeared first on Natural Gas Intelligence

Supportive fundamental trends, including signs of recovering export levels, spurred natural gas futures to early gains as traders awaited the latest government inventory release Thursday. The October Nymex contract was up 8.9 cents to $2.769 at around 8:50 a.m. ET, erasing a 6.3-cent sell-off from the previous session. An apparent uptick in volumes flowing to…

The post Natural Gas Futures Rally Ahead of EIA Report Amid Signs of Recovering LNG Demand appeared first on Natural Gas Intelligence

Consistent data-based forecasts show that peak oil and other fossil fuel demand will not happen before 2030, as the International Energy Agency (IEA) claimed earlier this week, OPEC said on Thursday, dismissing the claims of the “beginning of the end o…

Azerbajian’s SOCAR Trading has begun liquefied natural gas (LNG) trading in Singapore to capture growing demand in Asia, its chief executive said.

The European Union should phase out imports of LNG from Russia instead of buying more of Moscow’s super-chilled fuel, EU Energy Commissioner Kadri Simson said on Thursday.   Unlike Russian oil, Russian gas is not banned or under sanctions in Europe. Bu…

QatarEnergy LNG currently operates 14 LNG production trains. [Image: QatarEnergy]

With a deal signed with Shell for LNG supply over 12 years, Morocco has formally entered the LNG market. Its renewable energy plans are moving slowly, suggesting gas will play a key role in the country’s plans to phase coal out of its carbon-heavy gene…

TotalEnergies is launching development studies for a 200,000-bpd oil project offshore Suriname worth $9 billion, in what could be the first commercial crude production in the South American country neighboring the new hotspot for discoveries, Guyana. T…

The faceless foes controlling Joe Biden are attacking our freedom to travel. A Save Our Cars Coalition is fighting back with the facts to preserve our choices. Continue reading →

The post Save Our Cars Coalition Will Fight for Freedom to Travel appeared first on Natural Gas Now.

Chevron’s Wheatstone facility in Australia suffered a fault affecting about a quarter of its liquefied natural gas (LNG) production, a company spokesperson said on Thursday, the same day that workers were set to escalate strike action.

TotalEnergies will begin studies for developing a $9 billion oil and gas project at Suriname’s most promising offshore area, the French energy firm said on Wednesday during a visit by its CEO to the South American country.

Guyana on Wednesday received bids for eight of 14 offshore oil and gas exploration blocks offered in its first auction, including from groups formed by Exxon Mobil and TotalEnergies, according to the government and documents seen by Reuters.

Vital Energy has signed agreements valued at about $1.17 billion to expand its acreage in the Permian Basin, where dealmaking is gathering pace as drillers tap the largest U.S. oil patch to quickly replenish their depleting reserves.

China is back on the spot LNG market to seek cargoes for the coming winter, potentially upsetting a fragile balance in the global natural gas market just as Europe has reached its gas storage target well ahead of the November 1 deadline.   Following a …