Upstream in Appalachia, the potential for another round of freeze-offs in the next couple of weeks may lead to a modest recovery in prices. After a mostly mild January, recent weather data shows bitter winter weather making another appearance across the Lower 48 in the coming days. NatGasWeather said the next system would likely sweep […]
After months of environmental debates and studies, the Canadian government Wednesday approved a $12 billion oil development offshore Newfoundland led by Norwegian producer Equinor ASA. Cleco Power is developing a carbon capture and sequestration facility at its Brame Energy Center power plant in Rapides Parish, LA, parent company Cleco Corporate Holdings LLC reported Monday. …Read […]
Natural gas futures rallied a second day, as traders absorbed a bullish government inventory report and the potential for vulnerable global supplies should the war in Ukraine drag on and the coming summer prove exceptionally hot. …Read the full story
Natural gas prices followed a massive rally with another solid surge on Friday, riding high on winter weather forecasts, light production, falling stockpiles and robust demand for U.S. Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a […]
Idle wells have not been plugged, nor are they producing, injecting, or otherwise being used for their intended purpose, according to IOGCC. More federal funding is expected to go toward plugging, remediating, and restoring orphan oil and gas well sites. IOGCC noted that IIJA was enacted shortly before publication of its new report, Idle and […]
But the Japan-Korea Marker February contract finished above $40/MMBtu on Monday, while the prompt Title Transfer Facility contract in Northwest Europe dipped below $36 and inverted the spread. 21 as temperatures were plunging, pipeline imports from Russia dropped and nuclear plant outages in France amplified concerns over natural gas supplies. In Japan, among the world’s […]
“Freeport LNG feed gas nominations climbed to a November-to-date high this morning, signaling the possibility of LNG demand as a bullish catalyst over the next week as Sabine Pass Train 6 ramps higher,” the EBW analysts said. …Read the full story
After six years of negotiations, the framework came together Saturday after the official end of the conference in Glasgow, Scotland. While nearly 100 nations, states and cities have a carbon price or carbon tax in place, there is no standardized framework to trade allowances or verify and purchase carbon offsets, which has made it difficult […]
After six years of negotiations, the framework came together Saturday after the official end of the conference in Glasgow, Scotland. While nearly 100 nations, states and cities have a carbon price or carbon tax in place, there is no standardized framework to trade allowances or verify and purchase carbon offsets, which has made it difficult […]
Alberta Premier Jason Kenney credited the project site selection to the province’s Alberta Petrochemical Incentive Program . Aramco and Japan’s Institute of Energy Economics, in partnership with Saudi Basic Industries Corp., produced and shipped 40 tons of blue ammonia to Japan for use in zero-carbon power production. …Read the full story
Natural gas futures forged higher on Monday, marking a sharp reversal from the prior trading session, as domestic production tapered and European demand for U.S. A proposed regulatory overhaul of Mexico’s energy sector would cause havoc for private power generators as all of their supply contracts with non-state offtakers would be cancelled, according to analysts […]
The law firm conducts spring and fall editions of the survey each year to capture the expectations of energy banks for natural gas and oil prices, aka their price decks. The price decks are a principal factor used by the banks in determining oil and gas producers’ borrowing bases, such as the amount of credit […]
said it plans to spend $29 million to implement lower carbon projects in Western Australia, in part to offset penalties for failing to capture enough emissions from the Gorgon natural gas export project. A petrochemical plant announced Wednesday, slated to be in service by 2026, could produce up to 200 metric tons/year of low-carbon blue […]
Alberta Premier Jason Kenney credited the project site selection to the province’s Alberta Petrochemical Incentive Program . Aramco and Japan’s Institute of Energy Economics, in partnership with Saudi Basic Industries Corp., produced and shipped 40 tons of blue ammonia to Japan for use in zero-carbon power production. Natural gas futures on Thursday snapped a four-day […]
Though prices have descended in recent days, they soared most of this year amid worries about inadequate supplies. Overall, after a modest start to November in terms of gas consumption, forecasts continued to show “exceptionally light demand” for the remainder of the current week. The European model early this week “suggested the pattern for December […]
Both groups are seeking to capitalize on immense volumes of excess and/or stranded natural gas flared off or shut in by a lack of infrastructure. “Our goal is to monetize the gas as well as solve some of the environmental problems of leaking wells and flared gas,” said EZ Blockchain CEO Sergii Gerasymovych. “Mining” in […]
However, the facilities division booked volumes of 895,000 boe/d, a 2% increase year/year due to higher supply volumes at its Redwater fractionator and incremental revenue volumes associated with its Duvernay III gas processing facility being placed into service in November 2020. During the quarter, the company completed a British Columbia propane export facility with capacity […]