Day: November 20, 2023

Lately, the Biden administration has gone full throttle on clean energy, launching several low-carbon projects in quick succession. A month ago, the administration launched a $7 billion investment in seven regional hydrogen hubs in one of the governmen…

Natural gas futures fell on Monday for a third session, undermined by tapped down demand forecasts for this week’s cold and production volumes near or at new all-time highs. The December Nymex natural gas futures contract settled at $2.882/MMBtu, down 7.8 cents from Friday’s settlement.  At A Glance: Prompt month falls for third session Production…

The post Natural Gas Futures Falter as Weather Models Warm, Production Marches On; West Texas Leads Cash Higher appeared first on Natural Gas Intelligence

Via Metal Miner Although they appear on the rebound from last month’s lows, copper prices have yet to break out of their long-term sideways range. Nonetheless, following an almost 2% overall decline throughout October, prices have now retraced to their…

Global natural gas prices edged upward despite limited activity on the market as traders weighed the potential winter supply risk from a widening war in the Middle East and colder forecasts. European and East Asian benchmark prices jumped Monday, reversing last week’s downward slope as hefty storage levels and mild weather continued to drag on…

The post Growing Conflict in the Middle East, Cooler Temperatures Spike Global Natural Gas Prices – LNG Recap appeared first on Natural Gas Intelligence

Some American clean energy and technology startups are struggling to keep afloat while waiting for the U.S. Administration to disburse the pledged loans and funds under the landmark Inflation Reduction Act (IRA).  Several startups have already filed fo…

European natural gas prices were having a nervous trading session early on Tuesday as traders weighed higher heating demand amid colder weather with still nearly full EU inventories. The front-month Dutch TTF Natural Gas Futures, the benchmark for Euro…

ArcelorMittal, the world’s second-largest steelmaker, is looking to sign an agreement with a U.S. LNG exporter as it aims to secure stable supply of natural gas following last year’s energy crisis in Europe, the Financial Times reported on Tuesday, quo…

Azerbaijan continues to refuse to attend peace talks with Armenia, citing what it calls the biased approach of Western mediating countries. This time it was the U.S. that displeased Azerbaijan.  On November 16, Azerbaijan’s Foreign Ministry put out a s…

Mexico Pacific Ltd. LLC has reached an agreement with the government of Chihuahua state to facilitate development of the proposed 2.8 Bcf/d Sierra Madre natural gas pipeline. Sierra Madre would supply Permian Basin gas from the U.S. border across the states of Chihuahua and Sonora to Mexico Pacific’s proposed Saguaro Energía LNG export terminal envisioned…

The post Chihuahua Government Backs Mexico Pacific’s Proposed 2.8 Bcf/d Sierra Madre Natural Gas Pipeline appeared first on Natural Gas Intelligence

Iran expects its oil production to rise to 3.6 million barrels per day (bpd) by the end of the current Iranian year in March 2024, from around 3.3 million bpd now, Iran’s Oil Minister Javad Owji has said. The minister talked about Iranian oil productio…

Two big questions loom over the Organization for Security and Cooperation in Europe (OSCE) ministerial meeting in Skopje on November 30-December 1, which will bring together the foreign ministers from the 57 members of the Vienna-based organization. Fi…

In 2022, 2.8 billion tonnes of metals were mined throughout the world – while major industries that directly consume processed mineral materials contribute 14% of the US economy. As Visual Capitalist’s Bruno Venditti details below, here’s each metal’s …

Shell PLC recorded its first net corporate taxes paid in the UK in at least four years, following the implementation of an oil and gas windfall levy by the government, Bloomberg reported on Monday.  From 2018 to 2021, Shell had received UK tax credits …

The national oil producer of the United Arab Emirates and Australia’s energy group Santos have teamed up to jointly explore the development of a global carbon management platform to help customers in the Asia Pacific region cut emissions.     Abu Dhabi…

Mexico’s natural gas market remains intact and competitive near the end of the Andrés Manuel López Obrador presidency, according to experts who spoke last week in San Antonio, TX. At the US-Mexico Natural Gas Forum, former Comisión Reguladora de Energía (CRE) chairman Guillmero Garcia Alcocer said “it’s a very alive, very intense” natural gas market…

The post Mexico’s Natural Gas Market Said Alive and Well Despite Attempts to Limit Private Sector Role appeared first on Natural Gas Intelligence

The New York-listed shares of Argentinian oil and gas firm YPF SA (NYSE: YPF) jumped by 42% early on Monday after far-right outsider Javier Milei won the presidential election in Argentina in a victory over his left-wing rival, current economy minister…

The costs of decommissioning oil and gas platforms in the UK’s North Sea could overtake capital expenditure in the industry by 2040, a new report from Offshore Energies UK has suggested. At the moment, decommissioning costs represent a relatively small…

The U.S. Coast Guard says as much as 1.1 million gallons of oil, approximately 26,000 barrels, may have spilled into the Gulf of Mexico following a pipeline leak on Thursday off the coast of Louisiana.  The source of the spill from the 67-mile-long und…

China is planning a series of pilot projects to jumpstart a domestic biodiesel industry, in which it lags behind the U.S. and the EU. Per a Reuters report, the country’s National Energy Administration has called on regional authorities to carry out dem…

Having enjoyed a strong third quarter with Brent prices averaging 86 per barrel, the oil producer countries of the Middle East are now facing a much direr outlook into the winter. Over the past month, oil prices have shed some $10 per barrel and WTI ev…

The Organization of the Petroleum Exporting Countries and allies (OPEC+) are likely to extend or even deepen oil supply cuts into next year, after a more than 15% drop in Brent prices from a peak in September, eight analysts have predicted. OPEC+ is se…

JP Morgan has forecast an average price for Brent crude of $83 per barrel next year amid a stable market. The forecast is based on the analysts’ expectations of resilient demand for oil in the United States, strong demand growth in emerging markets, an…

The international community has convened in Nairobi last week for a pivotal round of talks in an attempt to formulate the first global treaty against plastic pollution. The UN’s challenge of crafting such a treaty to stem the tide of plastic waste is u…

The European Commission has ordered Hungary, Romania, and 10 other member states to comply with EU air pollution legislation and reduce their emissions of several pollutants to reduce air pollution. The EU executive sent a letter of formal notice to Lu…

Mexico could boom thanks to the new global economic system, and natural gas will be key, according to experts. Speaking Tuesday at the U.S.-Mexico Natural Gas Forum in San Antonio, TX, Guillermo García Alcocer who handles planning at Instituto Tecnológico Autónomo de Mexico (ITAM), said without greater access to natural gas, the so-called nearshoring opportunity…

The post Without Natural Gas, Nearshoring in Mexico Flops, Experts Say appeared first on Natural Gas Intelligence

The international community has convened in Nairobi last week for a pivotal round of talks in an attempt to formulate the first global treaty against plastic pollution. The UN’s challenge of crafting such a treaty to stem the tide of plastic waste is u…

North Dakota natural gas production hit another record high in September, with growth poised to continue as pipeline egress projects come online. Production averaged 3.44 Bcf/d in September, up 4% versus August, data from the state’s Department of Mineral Resources (DMR) show.  Producers captured and marketed 3.26 Bcf/d or 95% of total production, in line…

The post North Dakota Natural Gas Production Breaking Records as Takeaway Projects Advance appeared first on Natural Gas Intelligence

Robust flows of natural gas southward from Canada into the Lower 48 in November are bolstering already stout U.S. supplies, helping to keep next-day cash prices in check relative to last year, analysts say. “For most of the month, imports have run more than 1 Bcf/d higher than last year, with strength most evident in…

The post Canadian Natural Gas Imports Boost Already Strong U.S. Supplies, Curb Prices appeared first on Natural Gas Intelligence

Milder trending forecasts, set against a backdrop of soaring supply estimates, saw natural gas futures continue to tumble lower in early trading Monday. The December drifted further below the $3.00/MMBtu level, down 6.8 cents to $2.892 at around 8:30 a.m. ET. NatGasWeather highlighted heating degree day (HDD) losses in the latest weather model runs to…

The post Natural Gas Futures Can’t Stop the Bleeding as Models Shed Demand Over Weekend appeared first on Natural Gas Intelligence

The two newly discovered fields are named Al-Hiran and Al-Mahakik.

Calgary, Alberta–(Newsfile Corp. – November 20, 2023) – Resolute Resources Ltd. (TSXV: RRL) (“Resolute” or the “Company“) is pleased to announce that the rig, Precision Drilling Rig #141, is being mobilized to …

It’s the largest bitumen deposit in the world. Mining there is visible from space. And for many Canadians, the oilsands are still completely unseen

(Reuters) – Canada’s government will present legislation this month to start paying subsidies for carbon capture and net-zero energy projects, a source with direct knowledge of the matter told Reuters, part of a plan to worth around $20 bil…

Summary OPEC+ to consider whether to make more supply cuts -sources Crude prices had dropped almost 20% since September US adds oil and gas rigs for the first time in three weeks LONDON, Nov 20 (Reuters) – Oil futures rose more than $1 on Monday,…

Fertiliser maker Yara said on Monday it has signed a binding agreement to capture CO2 emissions from its Dutch ammonia plant and transport it to the Norwegian North Sea for storage deep beneath the seabed.

The future of the Trudeau government’s ban on single-use plastic is uncertain following the recent Federal Court ruling, which declared that Ottawa exceeded its authority by classifying all “plastic manufactured items” as toxic. As the fede…

Bloomberg News Monetary policy in Canada wouldn’t be as restrictive if elected officials had restrained their spending in recent years, according to economists at the Bank of Nova Scotia. Roughly 200 basis points of interest rate tightening stems from …

CALGARY, Alberta, Nov. 20, 2023 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (the “Company”) reports that it has filed amended Management’s Discussion and Analysis (MD&A) for the interim period ended September 30, 2023. The…

Venezuela is close to approving a license for Shell and the National Gas Company of Trinidad and Tobago to develop a promising offshore natural gas field and export its production to the Caribbean country, two people close to the matter said.

Introduction: In the dynamic and demanding environment of power plants, maintaining optimal water quality is crucial. Westech Industrial, in partnership with Mettler Toledo, is at the forefront of this challenge, offering cutting-edge solutions for wat…

The specified delivery window for the LNG cargo is January 8-9.

U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, as the oil rig count rose by the most since February, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig cou…

As COP 28 draws near, amidst increasing calls for countries to ban unabated fossil fuel use, global deployment of carbon capture, utilisation and storage (CCUS) technologies ramps up. [Gas in Transition, Volume 3, Issue 10]

The international community has convened in Nairobi last week for a pivotal round of talks in an attempt to formulate the first global treaty against plastic pollution. The UN’s challenge of crafting such a treaty to stem the tide of plastic waste is u…

Crude oil prices began the week with gains amid mounting expectations that OPEC+ will deepen voluntary production cuts. Both Brent crude and West Texas Intermediate posted modest gains in mid-morning trade in Asia today, with Brent crude remaining abov…

In terms of pipeline gas imports, China received 3.62mn tonnes last month, indicating a 1.2% yr/yr growth.

U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, as the oil rig count rose by the most since February, energy services firm Baker Hughes said in its closely followed report on Friday.

More often than not, the terms “rig mat” and “access mat” are used interchangeably along with a dozen other terms. After 19 years in business, we’ve been asked the who’s who matting question time and time again, and it’s one we love talking about! So, …

Its Marcellus assets are primarily located in Washington and Greene counties, Pennsylvania.

A recent World Energy Employment report by the International Energy Agency (IEA) has revealed that jobs in the global oil and gas industry have now fully recovered, and even exceeded, pre-pandemic levels. According to the report, the global upstream oi…