Story of the day
Natural Gas Futures Prices Finish Higher as Weather Provides Near-Term Support; Cash Rallies
LNG
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, 2024LNG
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, 2024E&P
No Uplift for Bakken Natural Gas Prices as Supply Glut Continues
Natural gas prices in North Dakota continue to languish at nearly 30-year lows amid nationwide oversupply, according to the state’s top oil and gas regulator. Production cuts announced by large operators in the gassy Marcellus and Haynesville shales have so far failed to meaningfully boost prices. “We’re seeing rigs lay down in the natural gas…
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, 2024Earnings
NGI’s 4Q2023 Mexico Natural Gas Market Analyst Takeaways
Mexico faces an election in June amid rising natural gas demand and infrastructure needs. See what NGI analysts gleaned from the recently completed 4Q2023 earnings season. SLB Corp. (SLB): CEO Olivier Le Peuch told investors on SLB’s 4Q2023 earnings conference call that “in the international markets, we expect full year revenue growth reaching the mid-teens…
March 18, 2024E&P
Chevron’s Guyana Mega-Deal Facing Hurdles as Oil, Natural Gas Industry Consolidates
ExxonMobil is trying to put a stop to Chevron Corp. and its bid to enter the lucrative Guyanese offshore oil and natural gas patch. The company has filed for arbitration, claiming Chevron’s bid to snap up Hess Corp.’s Guyana assets goes against a contract clause that grants ExxonMobil a right of first refusal. Last October,…
March 18, 2024Natural Gas Prices
Natural Gas Forwards Weighed Down by Soft Fundamentals
Against a backdrop of soft near-term fundamentals, exceptionally weak spot market pricing and plummeting Nymex futures, regional natural gas forwards came under widespread bearish pressure during the March 7-13 trading period, NGI’s Forward Look data show. For a market still threading the needle between near-term oversupply and anticipated future demand growth, selling was weighted toward…
March 15, 2024Natural Gas Prices
Weakest Winter Suppresses Natural Gas Prices but Sizzling Summer Could Flip Script
The winter of 2023-2024 is likely to go down as the warmest on record for the United States. That goes a long way toward explaining why natural gas demand and prices deflated over the course of the heating season. Ahead of an official call later this month by the National Oceanic and Atmospheric Administration (NOAA),…
March 14, 2024Recent News
Natural Gas Prices
Cooler Weather Outlook Bolsters Natural Gas Futures; Cash Rallies — MidDay Market Snapshot
Mar 18, 2024Natural Gas Prices
Natural Gas Futures Drop as Freeport LNG’s Rolling Outages Stymie Demand; Cash Extends Gains
Mar 15, 2024Daily Gas Price Index
As one of only two price reporting agencies that include ICE trade data to determine natural gas price indexes, NGI delivers robust indexes at a competitive price.
• Daily physical spot natural gas price indexes at 170+ locations
• News and analysis of key market events
• Daily breakdown of physical market natural gas price activity
Markets
Natural Gas Futures Prices Finish Higher as Weather Provides Near-Term Support; Cash Rallies
Natural gas futures pulled back from early highs, still ending the week’s opening session with a gain as near-term cold weather that could prevent surpluses in natural gas inventories from widening further offered some support. At A Glance: Futures pare early gains Weather modestly supportive Cash markets up on cooldown The April Nymex natural gas…
March 18, 2024Mexico Gas Price Index
Daily news and natural gas pricing information service focused on price transparency in Mexico.
• Experienced insight into Mexican regulatory requirements, process guidelines and governmental oversight
• Regular interviews with Mexico natural gas subject matter experts
• NGI-calculated cost-plus-transport pricing, as well as official IPGN pricing
Earnings
NGI’s 4Q2023 Mexico Natural Gas Market Analyst Takeaways
Mexico faces an election in June amid rising natural gas demand and infrastructure needs. See what NGI analysts gleaned from the recently completed 4Q2023 earnings season. SLB Corp. (SLB): CEO Olivier Le Peuch told investors on SLB’s 4Q2023 earnings conference call that “in the international markets, we expect full year revenue growth reaching the mid-teens…
March 18, 2024Shale Daily
Impactful news and transparent pricing for shale and unconventional plays across the U.S. and Canada.
• Natural gas prices at 20+ North American shale basins and unconventional plays
• Quickly understand major factors affecting on of the world’s largest natural gas supplies
• On-the-ground news coverage of crucial market events impacting supply and demand fundamentals
Markets
Natural Gas Futures Prices Finish Higher as Weather Provides Near-Term Support; Cash Rallies
Natural gas futures pulled back from early highs, still ending the week’s opening session with a gain as near-term cold weather that could prevent surpluses in natural gas inventories from widening further offered some support. At A Glance: Futures pare early gains Weather modestly supportive Cash markets up on cooldown The April Nymex natural gas…
March 18, 2024