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Natural Gas Futures Prices Finish Higher as Weather Provides Near-Term Support; Cash Rallies
LNG
Shell’s ‘Competitive Advantages’ Centering on LNG Trade, Lowering Emissions, Says CEO
At the right “price point,” global demand for natural gas will continue to expand, Shell plc CEO Wael Sawan said Monday. On the opening day of CERAWeek by S&P Global in Houston, Sawan told the industry audience that the transition to become a net-zero producer remains a goal by 2050. However, alternatives remain too expensive…
March 18, 2024E&P
Appalachia, Haynesville Natural Gas Production Seen Falling into April, EIA Data Show
Natural gas production from major Lower 48 plays will hold mostly steady from March to April as oil-focused regions boost output to offset declines in the Haynesville Shale and Appalachian Basin, according to the U.S. Energy Information Administration (EIA). EIA in its latest monthly Drilling Productivity Report (DPR) modeled combined natural gas production from seven…
March 18, 2024LNG
Venture Global Acquiring Fleet of LNG Tankers to Transport Gulf Coast Volumes Overseas
Venture Global LNG Inc. said Sunday it would acquire a fleet of nine liquefied natural gas tankers, becoming the first U.S. producer of the super-chilled fuel to own vessels as it continues to integrate its operations. The vessels are currently under construction in South Korea. Six of them would have the capacity to carry 174,000…
March 18, 2024LNG
Tellurian Considers Company Sale, Other Driftwood LNG Options as Strategic Shift Continues
As Tellurian Inc. continues to reorganize its management team, it’s expanding the purview of its financial consultant to include selling equity in its LNG export project, or the entire company. Houston-based Tellurian, which is developing the proposed Driftwood liquefied natural gas project in Louisiana, has undergone a series of major personnel and strategy changes since…
March 18, 2024Recent News