Daily GPI

QatarEnergy has signed another three agreements to secure even more LNG shipping, this time chartering what the company calls QC-Max vessels that would be built in China.  QatarEnergy signed long-term charter party agreements for four liquefied natural gas vessels from China Merchants Group, three vessels from Shandong Marine Group and two vessels from China LNG…

While U.S. natural gas producers are working to balance production with the limited commodity price upside to the end of the year, DT Midstream Inc. (DTM) is expecting Gulf Coast LNG demand to drive a bevy of expansion projects through the decade. The Detroit-based gas infrastructure firm has committed $265-295 million for growth projects this…

Chesapeake Energy Corp. said Wednesday it would continue to curtail natural gas output until demand rebounds, forecasting another 400 MMcf/d of cuts in the second quarter.  The company first announced the cuts in February and said they would mostly come by not turning wells in progress to sales. Chesapeake curbed 200 MMcf/d of output during…

Feed gas flows to Freeport LNG continued to tick up as a fully loaded vessel left the Texas export facility for the first time in a week, indicating Train 3 operations could be stabilizing. Nominations of natural gas to the plant began increasing April 27 after hovering near zero for several days, according to Wood…

The imminent startup of Canada’s Trans Mountain oil pipeline, with LNG Canada set to ramp late this year, should provide “significant tidewater access” to boost near-term activity, according to the CEO of Calgary-based Precision Drilling Corp.  CEO Kevin Neveu laid out the near-term forecast for the international contract drilling expert during the recent quarterly conference…

Appalachian Basin pure play Antero Resources Corp. expects the currently oversupplied natural gas market to balance over the next year as producers tap the brakes and export demand picks up. During a call to discuss first quarter earnings, CEO Paul Rady and his management team highlighted the natural gas liquids-rich production mix and exposure to…

The oil and natural gas industry should remain vigilant against cyberattacks as global tensions mount and threaten U.S. critical infrastructure, according to Federal Bureau of Investigation (FBI) director Christopher Wray.  The Chinese Communist Party (CCP) has repeatedly sponsored cyberattacks against the United States and has “made it clear that it considers every sector that makes…

With LNG demand weakness countering a retreat in domestic production in updated estimates, natural gas futures continued to slide in early trading Wednesday. Coming off a 3.9-cent sell-off in Tuesday’s session, the June Nymex contract was down another 6.2 cents to $1.929/MMBtu at around 8:45 a.m. ET. Wood Mackenzie estimates put first-of-month production at 97.1…

Natural gas futures gave up early gains on Tuesday, trading down more than 13 cents from the day’s high as doubts about Freeport LNG’s recovery lingered and markets braced for bearish monetary policy news Wednesday. At A Glance: Freeport ramps to 38% capacity Production falls to 96.9 Bcf/d Northeast leads cash gains The June Nymex…