Day: October 9, 2023

Given the enormous ground that the U.S. literally and metaphorically lost in the Middle East in recent years, any strategy it attempted to regain some or all its previous influence across the region had to be clever, concerted, and multi-layered, and s…

The European Union has accumulated record amounts of natural gas in its storage facilities and has done so ahead of its own schedule. The news about the advanced fill-up of storage caverns was first announced in August by Brussels with understandable p…

Natural gas futures rallied for a fifth straight session Monday, powered by a tightening domestic market and global supply worries spawned by threats of an LNG worker strike and the sudden eruption of war in the Middle East, a key energy producing region. At A Glance: Front month gains 3.8 cents Global supply threats intensify…

The post Natural Gas Futures Rally Endures Amid LNG Strike Fears, War in Middle East, Solid Spot Prices appeared first on Natural Gas Intelligence

Investment bank Goldman Sachs says there will be no immediate major effect on near-term oil market inventories related to the terrorist attacks on Israel on Friday. Goldman Sachs has, however, added that the attacks lower the likelihood of normalizatio…

The Natural Gas Supply Association (NGSA) is forecasting a substantial year/year jump in pipeline natural gas exports from the United States to Mexico this winter, driven by new infrastructure and rising demand from multiple segments.  The group, which represents U.S. integrated and independent producers and marketers of natural gas, said in its 2023 Winter Outlook…

The post U.S. Natural Gas Suppliers Projecting Sharp Increase in Winter Exports to Mexico appeared first on Natural Gas Intelligence

Texas oil and natural gas regulators plan to streamline and modernize how the exploration and production (E&P) industry manages oilfield waste.  For the first time since 1984, the Railroad Commission of Texas (RRC) is updating Statewide Rule 8, which regulates oil and natural gas waste pits and disposal methods. The rule “will undergo a substantial…

The post Texas E&Ps Facing Stricter Oversight in ‘Substantial Overhaul’ of Oilfield Waste Disposal appeared first on Natural Gas Intelligence

War in Israel, along with the prospect of continued labor strikes at LNG terminals in Australia and a leaking pipeline that connects Finland and Estonia, all combined Monday to send European gas benchmarks soaring. The prompt Dutch Title Transfer Facility finished 15% higher Monday to close near $14/MMBtu. Asian prices are also poised to climb…

The post Chaos in Global Natural Gas Markets Sends TTF Soaring – LNG Recap appeared first on Natural Gas Intelligence

Azerbaijan and Turkey have broken ground on the construction of the long-planned gas pipeline linking Turkey’s gas grid to the Azerbaijani exclave of Nakhchivan. Construction was formally launched at a ceremony in Nakhchivan on September 25 attended by…

Both the U.S. and France are pushing for the production and use of more climate-friendly heat pumps, as they look to trade out existing furnace and air conditioning equipment. As governments around the world strive to decarbonize, many states and citie…

The world’s largest offshore wind farm, the Dogger Bank Wind Farm in UK waters, has achieved first power and started sending electricity to the UK national grid, the developers of the project said on Tuesday, hailing the major milestone at the offshore…

Saudi Aramco, the world’s largest crude oil exporter, has told at least four refiners in North Asia that it would supply them with the full contractual volumes they have nominated for November, Reuters reported on Tuesday, citing sources familiar with …

The transition to low carbon energy could be jeopardised by the lack of new copper mines to keep pace with growing demand, industry bosses have warned. Copper is an essential metal used in renewable energy such as turbines and electric vehicle batterie…

The Israeli government has ordered its state-run electricity company to halt power supply to the Gaza Strip days after Palestinian militant group Hamas launched a surprise attack on the country.  The Israeli prime minister’s office has revealed that th…

Egypt is evaluating whether the stoppage of gas production at an Israeli field following the Hamas attack would scupper its plans to resume LNG exports to Europe as planned, anonymous officials have told Bloomberg. Egypt, which aims to become a regiona…

Almost 1 million jobs will be lost in the coal mining sector globally by 2050 even without pledges or policies to phase out coal, as mines close and the energy transition advances, according to Global Energy Monitor (GEM), a non-profit organization adv…

Azerbaijan’s late September military operation to retake the ethnic Armenian enclave of Nagorno-Karabakh, the self-styled “Republic of Artsakh,” caused most of the residents to flee to Armenia and the government of breakaway region to announce it will …

Project may also tap natural gas from adjacent Loran field.

Senator Lindsay Graham, a notable hawk in foreign policy, has called for bombing Iranian refineries in retaliation for the country’s supposed involvement in the Hamas attack on Israel this weekend. Speaking to the media on Monday, Graham said that if t…

Durra holds an estimated 20 trillion ft3 of proved reserves, but Iran claims an interest. [Image: Kuwait Oil]

The U.S. Justice Department is investigating whether Murtaza Lakhani, founder and CEO at oil trader Mercantile & Maritime Group, traded Russian oil in violation of the G7 price cap and Western sanctions against Russia, The Wall Street Journal reported …

Preparations were underway to inspect a subsea gas pipeline connecting Finland and Estonia in the coming days after a sudden drop in pressure was detected, Finnish gas system operator Gasgrid and its Estonian partner Elering said on Monday.

In what turned out to be extraordinary timing, October 3 saw a Western coalition of France’s TotalEnergies and Italy’s Eni, plus Qatar Energy, apply for the second licensing round on oil and gas blocks 8 and 10 in Lebanese waters, while only four days …

Israel has suspended production at the Tamar gas field off its southern coast and will seek alternative fuel sources to meet its needs, the energy ministry said on Monday following three days of violence in the region.

Just two weeks after workers at Chevron’s two Australian LNG projects ended industrial action, they are preparing for another round of strikes. Up to 500 employees at the Gorgon and Wheatstone projects could walk off next week Argus has reported, citin…

The founder of one of China’s biggest copper trading firms has reportedly been detained by the police for questioning, according to unnamed sources who spoke to Bloomberg. He Jinbi is the founder of Maike Metals, which is the largest copper trading hou…

The past couple of UN Climate Change Conferences have featured a growing number of fossil fuel lobbyists who almost inevitably end up clashing with climate activists and environmentalists over the role and fate of the fossil fuel industry in the global…

Oil prices jumped by nearly 4% early on Monday after the weekend attack by Hamas on Israel rekindled tensions in the Middle East. The two major crude oil benchmarks were up by nearly 4% as of 8.40 a.m. EST, with Brent Crude up 3.42% at $87.50, and WTI …

The U.S. Justice Department is investigating whether Murtaza Lakhani, founder and CEO at oil trader Mercantile & Maritime Group, traded Russian oil in violation of the G7 price cap and Western sanctions against Russia, The Wall Street Journal reported …

Israel, which declared war against Islamist militant group Hamas following an unprecedented attack by the group in Israeli territory, has instructed Chevron Corp. to shut in the Tamar natural gas platform offshore the northern coast. Israel formally declared war on Hamas and ramped up a major military operation in Gaza following the deadly attack on…

The post Chevron Shuttering Tamar Natural Gas Field Offshore Israel as War Rages appeared first on Natural Gas Intelligence

The potential start of two developing Louisiana LNG terminals has been pushed back as Tellurian Inc. and Delfin Midstream Inc. adjust to equipment manufacturing and contracting delays. FERC has granted Delfin a four-year extension for its 13.3 million metric ton/year (mmty) floating liquefied natural gas project that would give the company until Sept. 28, 2027…

The post Tellurian, Delfin Eye Timeline Extensions on Louisiana LNG Export Project appeared first on Natural Gas Intelligence

Natural gas futures held onto last week’s huge gains in early trading Monday as analysts highlighted a tightening fundamental outlook to close out the injection season. The November Nymex contract was up 3.5 cents to $3.373/MMBtu at around 8:40 a.m. ET. The front month is coming off rallies of 20.4 cents and 17.2 cents over…

The post Tighter Supply/Demand Outlook Seen as Natural Gas Futures Maintain Strength Early appeared first on Natural Gas Intelligence

Russian pipeline operator Transneft resumed this weekend diesel exports from sea ports after Moscow conditionally allowed late last week the seaborne exports of diesel. “Based on applications from oil companies, confirmed by the energy ministry, and de…

Following this weekend’s attack by Hamas on Israel, Chevron, the operator of the Tamar gas field offshore southern Israel, has shut down production at the field per instructions from the Israeli energy ministry.       “Chevron Mediterranean Limited was…

Russia might have championed the development of low-carbon technologies such as hydrogen and carbon capture and storage. Following its invasion of Ukraine, its export-orientated energy transition strategy looks set to flounder. [Gas in Transition, Volu…

OPEC has raised significantly its long-term oil demand outlook and now expects global oil demand at around 116 million barrels per day (bpd) in 2045, up by 6 million bpd compared to the previous assessment from last year, as energy consumption continue…

Spain’s gas imports from Russia tumbled 40.7% in August from the same month a year ago as the Iberian country imported 11.2% less gas overall during the month, Cores, an arm of the energy and environment ministry, said in a statement on Monday.

Repairing a subsea gas pipeline connecting Finland and Estonia that was shut on Sunday due to a suspected leak could take months or more if a puncture is confirmed, Finnish gas system operator Gasgrid said.

The United Arab Emirates is refashioning state-owned Abu Dhabi National Oil Company (ADNOC) in the image of an international oil major by stepping up its global expansion and finding new revenue streams to maximise earnings for the Gulf state. [Image: Adnoc]

The engineering concept for the Rafael Phase 1 development includes a Kimberley-based hybrid gas-to-power and renewables project.

Oct 7 (Reuters) – Russia on Saturday started supplying natural gas to Uzbekistan via Kazakhstan, marking the occasion with ceremonies in Moscow and elsewhere attended by the presidents of the three countries and shown on state TV.
Under a two-year deal signed with Russia’s Gazprom , Uzbekistan will…

The head of Exxon Mobil’s shale oil and gas business, a unit involved in merger talks with rival Pioneer Natural Resources, was arrested at a Texas hotel last week on a sexual assault charge, police said.