Natural gas futures stumbled Thursday after a bearish miss on the Energy Information Administration’s weekly storage figure, but an afternoon rally helped limit the damage.
Premier Oil plc expects to kick off an appraisal program for the offshore Zama discovery in southern Mexico by 2H2018 or early 2019, according to a company trading and operations update.
Constitution Pipeline Co. LLC is refusing to back down in its saga to get its beleaguered 124-mile natural gas pipeline approved and has petitioned the U.S. Supreme Court to review an appeals court ruling in August against the project.
FERC has issued a certificate of public convenience and necessity to Transcontinental Gas Pipe Line Co. LLC for the proposed St. James Supply Project, a methane-to-methanol facility under construction in Louisiana that could produce 1.8 millio…
India’s state-owned natural gas utility, Gail (India) Ltd., said it has renegotiated its 20-year contract to purchase liquefied natural gas from Russia’s Gazprom, with deliveries expected to begin in the second quarter.
The Energy Information Administration (EIA) reported a natural gas storage withdrawal Thursday that fell short of consensus estimates, and in response, futures sold off sharply.
Kinder Morgan Inc.’s (KMI) natural gas business outperformed in the final three months of 2017, driven mostly by growth in transportation volumes, as the midstream giant readies expansions for its oil and gas systems across North Ameri…
February natural gas was set to open Thursday about 4 cents lower at around $3.190/MMBtu, with the market turning its attention to the 10:30 a.m. EDT release of this week’s government storage report.
Natural gas futures rallied to an eight-month high Wednesday ahead of Energy Information Administration (EIA) storage data that was expected to show another large pull to follow last week’s record. After a winter storm dropped snow and i…
February natural gas was set to open Wednesday about 7 cents higher at around $3.196/MMBtu, as forecasters noted some potential heating demand gains later this month.
The Mexican government expects domestic demand for natural gas to reach 8.32 Bcf/d in 2018 and hit 9.66 Bcf/d over the 15-year period from 2016, which works out to a compound annual growth rate of 1.6% a year, according to Mexico GPI calc…
The heads of Dominion Energy Inc. and Scana Corp. told South Carolina regulators that the state could either accept Dominion’s proposed $14.6 billion offer to buy Scana, or they could watch the troubled public utility potentially fall into bankruptcy.
February natural gas was set to open Tuesday about 14 cents lower at around $3.055, retreating off a surge late last week following a record storage withdrawal.
Coming off a record storage pull, and with the latest weather data trending colder, prompt-month natural gas futures rallied Friday to their highest levels since November. Meanwhile, the arrival of more cold weather saw elevated winter pricing…
Unrelenting cold and a record-by-a-long-shot natural gas storage withdrawal sent February gas prices up an average…
FERC has denied several motions to stay its August certificate order approving the Nexus Gas Transmission pipeline project that were filed by environmental and citizens’ advocacy groups.
The United States saw five natural gas rigs return to the patch as domestic drillers snapped out of their seasonal lull for the week ended Friday, according to data from Baker Hughes Inc.
California regulators on Thursday took two actions to further its long-term renewable energy strategy, approving a plan to close the last major nuclear generation plant and agreeing to replace several natural gas-fired peaking units.
After spending millions to promote alternative transportation fuels for the past decade, a California Energy Commission staff plan released Wednesday reduced funding allocations, but it still touted heavy duty applications when renewable natur…
U.S. Chamber of Commerce CEO Thomas Donohue said the scrapping of Obama-era energy regulations, coupled with last month’s comprehensive tax reform, will help kick-start economic growth into 2018, but warned that the Trump administration must also make modernizing the nation’s infrastructure a priority to keep the economy growing.
Dominion Energy Transmission Inc. has filed at FERC for a certificate of public convenience and necessity to construct and operate a 120,000 Dth/d expansion that would move more natural gas from Pennsylvania to Ohio to serve growing power gene…
BP Energy Co. and affiliates have agreed to pay $102 million in damages to California in a settlement related to allegations that the BP plc unit intentionally overcharged the state for natural gas between 2003 and 2012, California Attorney Ge…
Cummins Westport Inc. has placed three zero emission equivalent natural gas engines into production at manufacturing facilities in New York and North Carolina, according to NGVAmerica.
Liquefied natural gas exports from Dominion’s Cove Point terminal on Chesapeake Bay will reportedly be delayed until March.
Renaissance Oil Corp., a relative newcomer to the industry, is facing a tough nut to crack in Mexico, but the Canadian-based producer is setting up to hit what it is eyeing as a home run in the Tampico-Misantla Basin.
The Mexican natural gas industry sought to allay concerns about potential natural gas shortages amid reports that the frigid temperatures in the United States were curtailing pipeline exports to its southern neighbor.
New York Gov. Andrew Cuomo last week unveiled even more energy policy proposals aimed at reducing greenhouse gas emissions, growing the state’s renewable energy economy and further diminishing the role of natural gas.
February natural gas was set to open Tuesday about 5 cents higher at around $2.882 as forecasters were pointing to colder changes overnight in a pattern set to arrive next week.
After a record-setting day Thursday, natural gas spot prices on Friday had nowhere to go but down.
Five oil-directed rigs were lost in the United States for the week ended Jan. 5, likely due to a typical end of year slowdown, according to data released Friday by Baker Hughes Inc.
The Trump administration has floated a plan to open nearly every U.S. offshore area to oil and natural gas exploration, which could attract billions in investment and potentially unlock up to 65 billion boe, Rystad Energy said Friday.
The Cayenne Pipeline, a joint venture between American Midstream Partners LP and Targa Resources Corp., has been completed and natural gas liquids deliveries have begun, AMID said Wednesday.
FERC has issued certificates of public convenience and necessity for the Mountaineer XPress and Gulf XPress projects, a pair of TransCanada Corp. efforts to increase natural gas pipeline capacity out of the Appalachian Basin by expanding the c…
North America’s oil and natural gas explorers are trained on boosting capital returns this year, aiming for profitable growth in existing leaseholds, with capital discipline still the mantra, according to Moody’s Investors Service….
A surge of northern shale gas is scheduled to reach California, Oregon and Nevada this spring after swift construction was authorized for a new path across TransCanada Corp.’s western supply collection network, Nova Gas Transmission Ltd….
Tennessee Gas Pipeline Co. LLC is asking FERC for authorization to increase the design capaciy of its Pemex Border Crossing facilities in Hidalgo County, TX, to 468 MMcf/d from 185 MMcf/d.
In the wake of tax reform enacted by the Trump administration, the Department of the Treasury and its Internal Revenue Service said they intend to issue guidance for computing the “transition tax” on untaxed foreign earnings of foreign subsidiaries of U.S. companies, which could affect such partnerships within the energy sector.
Dominion Energy Inc. said Wednesday it plans to buy Scana Corp., a South Carolina-based public utility, in an all-stock deal described as a “strategic combination” of its natural gas businesses — a merger that equates to $7.9 billion in stock, but with an overall value of about $14.6 billion.
FERC staff will prepare an environmental assessment of Transcontinental Gas Pipe Line Co.’s (Transco) proposed Gateway Expansion Project in New Jersey, the regulatory agency said Tuesday.
U.S. dry natural gas production was 2.33 Tcf (75.1 Bcf/d) in October, a 5.2% increase from 2.21 Tcf (71.4) in October 2016…
European-based oil majors BP plc and Royal Dutch Shell plc each expect future after-tax earnings in the United States to be impacted positively by recently enacted federal tax reform legislation, but fourth quarter results may see impairments …
Actis LLP has agreed to buy the Mexican assets of InterGen, an acquisition that marks the London-based private equity firm’s first major foray into the local power and natural gas business.
The oversight board for the Port of Tampa Bay, Florida’s largest, has approved a project and 20-year lease with locally based Integral Energy to develop a compressed natural gas fueling station for commercial and passenger vehicles.
February natural gas was set to open about 4 cents higher Tuesday at around $2.996, with arctic cold in the near-term lifting the market as a potential warm-up lingers in the longer-term.
With weather forecasters throwing out words like “arctic blasts” and “sub-freezing conditions”, natural gas traders…
The Trump administration is proposing to amend offshore drilling safety rules promulgated during the Obama era, saying that the changes could save the oil and natural gas industry at least $228 million over the next decade.
The United States lost two natural gas-directed rigs for the week ended Friday, but held steady on the oil side of the equation for a total of 929 rigs, according to data from Baker Hughes Inc.’s final weekly tally of 2017.
The Mexican energy regulator has authorized the first of several measures intended to update local regulations for natural gas distribution.
If 2017 proved to be a new beginning for the downtrodden oilfield services (OFS) sector, 2018 is expected to be the year that operators are positioned for future growth in both the onshore and offshore.
February natural gas was set to open about 3.4 cents higher at around $2.948 Friday, building on recent momentum as the market has been able to rally on sustained below normal temperatures heading into the new year.
Con Edison is accepting proposals to help it meet increasing natural gas demand in the New York City region without having to build a major pipeline.
Pennsylvania Rep. Patrick Meehan has asked Gov. Tom Wolf’s administration to back a “risk assessment” for the Mariner East 2 pipeline to help the public better understand potential hazards associated with the natural gas liqu…
Natural gas spot prices at Ventura, IA, skyrocketed to record levels Thursday, hearkening back to the polar vortex conditions…
Mexico’s upstream regulator has awarded oil and natural gas marketing services contracts to Trafigura Group Pte Ltd. and CFEnergia.
This year has proved to be a lean one for unearthing new oil and natural gas resources, although North America gained from Mexico discoveries, according to research by Rystad Energy.