It looked like physical buyers of natural gas had left town ahead of the holiday weekend as prices plunged in Friday trading.
Construction has begun on the US$2.1 billion undersea Sur de Texas-Tuxpan natural gas pipeline, a project of Infraestructura Marina del Golfo (IMG) — a joint venture (JV) of TransCanada Corp. and Sempra Energy Mexico unit IEnova.
Physical natural gas for delivery Friday slipped lower in Thursday’s trading, with robust losses in the Northeast as well as softness in Appalachia and the Midwest offsetting modest strength in the Midcontinent, California, and the Rockies. The NGI National Spot Gas Average fell 1 cent to $2.92.
There was little controversy and plenty of goodwill for a trio of Trump administration nominees to FERC and the Department of Energy (DOE) Thursday when they appeared at a hearing of the Senate Committee on Energy and Natural Resources.
FERC has denied giving Rover Pipeline LLC permission to finish horizontal directional drilling (HDD) at two sites critical to laterals in Ohio and West Virginia — at least for now.
June futures slipped lower on Thursday morning after the Energy Information Administration (EIA) reported a storage injection for the week ended May 19 that was slightly greater than what traders were expecting. The EIA reported a storage inje…
Production from the dry gas Eagle Ford Shale, particularly in Webb County, TX, has skyrocketed, and so has Mexico’s gas demand. That would sound like an opportunity to anyone.
Industry and environmental advocates disagreed sharply on Wednesday during a Congressional subcommittee hearing in Washington, DC, about an increasingly common practice of environmental legal settlements morphing into de facto regulation.
One day after President Trump sent a $4.1 trillion budget proposal to Congress, opposition to all or parts of the budget plan was beginning to form among elected officials both in Washington, DC, and in several energy producing states.
A U.S. Department of Energy (DOE) official pressed last week for California regulators to reopen the Aliso Canyon natural gas storage facility while opponents on Monday continued to push for the 3,600-acre facility to be permanently closed.
Gas for delivery Wednesday was unchanged in Tuesday’s trading as modest gains at a few Northeast points along with firm West Texas pricing was easily offset by the remainder of market points, which moved within a few cents of unchanged. The NGI National Spot Gas Average was $3.03, up 2 cents.
President Trump on Tuesday sent a $4.1 trillion budget proposal to Congress that mirrors earlier plans to cleave nearly one-third of funding to the U.S. Environmental Protection Agency, as his budget director derided the previous administration’s “crazy” spending on climate change.
Two federal regulatory agencies key to the natural gas and oil industry, FERC and the Commodity Futures Trading Commission, are seeking double-digit percentage increases to their appropriations in the Trump administration’s $4.1 trillion budget proposal.
The Alaska LNG project — a pipeline and liquefied natural gas (LNG) terminal that would finally commercialize the state’s North Slope natural gas — is seeing its FERC docket expand with mounting environmentalist objections to the pro…
Physical natural gas for Tuesday delivery bounded higher in Monday’s trading, aided and abetted by a strong screen, pervasive above normal heat on the West Coast and increased seasonal exports to Mexico. Strongest advances were seen in market points serving California and West Coast points, and the NGI National Spot Gas Average added 7 cents to $3.01.
Natural gas forward prices for June plunged by an average 24 cents between May 12 and 18 as forecasts for cooler weather…
U.S. oil and natural gas operators inked deals over the weekend with Saudi Arabia that are expected to create billions in revenue as President Trump completed the first leg of a nine-day marathon trip to the Middle East and Europe.
Michigan’s largest utility company, Consumers Energy, said on Monday that it would spend nearly $440 million this year to continue modernizing its natural gas system with projects to replace aging pipeline and meet growing demand in the state.
The Trump administration has appointed a former Louisiana regulator and political veteran to head the Department of Interior’s Bureau of Safety and Environmental Enforcement.
June natural gas is set to open 5 cents higher Monday morning at $3.31 as traders digest a variable weather forecast and consider short hedges. Overnight oil markets rose.
Sabal Trail Transmission LLC is seeking FERC authorization to place part of its 1.07 million Dth/d pipeline into service by the end of this month.
Much is made of natural gas production growth from the Marcellus and Utica shales, but in a recent note, Societe Generale’s Breanne Dougherty reminded the industry that other basins are also important supply sources.
An appellate court granted the Trump administration’s request to delay a series of lawsuits over proposed rules governing new sources of methane emissions from the oil and natural gas industry, giving the U.S. Environmental Protection Agency (EPA) more time to review the rules.
June natural gas is set to open 3 cents higher Friday morning at $3.21 as traders sense a buying opportunity following Thursday’s bearish Energy Information Administration (EIA) storage report. Overnight oil markets rose.
The Trump administration may be rolling back Obama-era emissions limits, but at least two state governors aren’t letting that stop them from taking action to address climate change.
Jefferies LLC has revised its U.S. natural gas price forecast slightly higher for 2017, but associated gas output, swelling from the active Permian Basin, should pressure 2018 prices, analysts said.
A local ballot measure in Coos County, OR, intended to block a long-proposed liquefied natural gas (LNG) project was rejected on Tuesday by voters amidst heavy spending by project backers and concerns that the “sustainable energy” measure was unconstitutional. More than 75% of the votes cast were against the proposal.
Michigan’s DTE Energy plans to add more natural gas-fueled power generation as part of a broader plan to cut the company’s carbon emissions by more than 80% by 2050.
Tallgrass Energy Partners LP affiliate Tallgrass Midstream LLC agreed Wednesday to purchase the Douglas natural gas gathering system in Wyoming’s Powder River Basin (PRB) from DCP Midstream in a deal valued at $128 million.
June natural gas is expected to open 3 cents higher Thursday morning at $3.22 as traders anticipate a government storage report to show declining inventory surpluses relative to historical averages. Overnight oil markets fell.
June natural gas is set to open 2 cents higher Wednesday morning at $3.25 as traders study weather forecasts calling for concerted summer heat as well as Thursday’s anticipated lean inventory report. Overnight oil markets rose.
Physical natural gas for Wednesday delivery worked lower Tuesday as moderating weather forecasts in the nation’s midsection kept buyers in the driver’s seat, and countered forecasts of high eastern energy demand and power prices.
Exports of U.S. liquefied natural gas (LNG) from the Sabine Pass terminal in Louisiana declined from February to March, new U.S. Department of Energy (DOE) data show. There also was a slight shuffling of the top five destination countries.
President Trump intends to nominate Brian Quintenz, a former head of a Washington-based investment firm, to be a commissioner of the Commodity Futures Trading Commission (CFTC) for the remainder of a five-year term expiring April 13, 2020, the…
A Canadian Liberal government-appointed inquiry called Monday for replacement of the National Energy Board (NEB), doubling the time allowed for energy project reviews, and an aboriginal role in approval decisions.
June natural gas is set to open 4 cents lower Tuesday morning at $3.31 as weather forecasts offer little in the way of price guidance, yet traders see the ongoing price advance intact for the moment. Overnight oil markets rose.
Physical natural gas for delivery Tuesday showed little change in Monday trading as outage-driven gains in the Northeast coupled with strength in West Texas were able to balance weak pricing in Appalachia and the Midcontinent. The NGI National…
The American Gas Association said no natural gas utilities have been compromised by WannaCry ransomware, a cyberattack that has affected computer systems and caused mayhem worldwide.
During February U.S. exports of liquefied natural gas edged up by 800 MMcf from January to reach a new high…
A group of more than 60 Ohio landowners is suing FERC and Nexus Gas Transmission LLC in an attempt to stop the company’s proposed 255-mile, 1.5 Bcf/d natural gas pipeline.
Portland General Electric Co. on Friday submitted letters to Oregon energy and environmental agencies suspending its request to amend its site certificate for the natural gas-fired Carty Generating Station near Boardman, OR, as well as a relat…
June natural gas is expected to open 6 cents lower Monday morning at $3.36 as traders factor in a lack of a discernible pattern to heating and cooling requirements and see a market ripe for reducing price exposure. Overnight oil markets soared…
Physical natural gas for weekend and Monday delivery moved little in Friday’s trading as temperature outlooks across major markets were benign and traders saw little incentive to commit to three-day deals. Strength in Louisiana and the Southeast was able to offset weaker pricing in California and the Northeast, and the NGI National Spot Gas Average rose two cents to $3.06.
An agreement announced Thursday between the United States and China to advance economic cooperation could have implications for liquefied natural gas (LNG) trade between the two countries.
A new Canadian market is expected to develop swiftly for natural gas in Alberta electricity generation, thanks to low prices and expectations that surpluses will hold down costs of the cleanest fossil fuel for years to come.
Physical traders typically try to get their Thursday deals done ahead of the release of Energy Information Administration inventory figures. Oftentimes this will lead to disparate outcomes in the physical and futures markets as the 10:30 a.m. …
After the Senate failed to repeal a rule governing flaring and venting of associated natural gas on public and tribal lands, a spokeswoman for the Department of Interior (DOI) said the department will “suspend, revise or rescind” the rule, citing its impact on onshore energy development.
FERC’s order Wednesday to suspend all new horizontal directional drilling (HDD) for Energy Transfer Partners LP’s Rover Pipeline has the market anticipating a delay, at least to the project’s Phase 1, an analysis of NGI‘s Forward Look prices indicates.
Dow Chemical Co. on Thursday launched a five-year, $4 billion petrochemical buildout, mostly for U.S. projects, that would add a 600,000 metric ton polyethylene unit on the Gulf Coast and expand a new Texas ethylene cracker to create the lar…
Liquefied natural gas (LNG) terminal developer Tellurian Inc. has been marketing LNG from its first proposed terminal and has received “positive feedback” from prospective customers, CEO Meg Gentle said.
June natural gas is expected to open 4 cents higher Thursday morning at $3.33 as traders anticipate government inventory figures less than historical norms. Overnight oil markets rose.