Story of the day
Strong Balance Sheet Key to ConocoPhillips Managing ‘Really Dark Days’ of Oil Downturn
Markets
November Natural Gas Futures Debut as Prompt with a Thud
Natural gas futures plunged Tuesday, as November opened its first full session as the prompt month amid demand skepticism and heavy selling. With lofty storage levels, erratic liquefied natural gas (LNG) volumes and a weaker weather pattern in October, analysts had anticipated the rough start and cautioned that more pressure may lie ahead. The November…
September 29, 2020
NGI All News Access
Offshore Natural Gas Trunkline Demand Seen Plunging in 2020, then Quickly Rebounding
Demand for large-diameter offshore pipelines, aka trunklines, is expected to drop by 26% in 2020 before rebounding to near pre-Covid levels by 2022, Rystad Energy forecasted Monday. Natural gas pipelines account for more than 90% of the nearly 100 offshore trunkline projects slated for development from 2020-2024, Rystad analysts said. “The offshore trunkline market will…
September 29, 2020
Infrastructure
Mountaineer NGL Storage Pulls Key Ohio Permits, But Project Still Moving Ahead
An underground natural gas liquids (NGL) storage project in Ohio — seen as key to the Appalachian Basin’s petrochemical buildout — has hit another snag as its backers have withdrawn their permits in the face of a lawsuit from environmental groups. The Ohio Department of Natural Resources (ODNR) last week cancelled three permits to drill…
September 29, 2020
Regulatory
State Department Latest to Warn Changes in Mexico Energy Creating Investment Doubts
Regulatory and policy changes in Mexico have dented investor confidence in the energy sector, according to a recent U.S. State Department report on the investment climate in the country. The report cites moves that favor state firms Petróleos Mexicanos (Pemex) and Comisión Federal de Electricidad (CFE). “The changes have led private companies to file lawsuits…
September 29, 2020
Infrastructure
Work on Shell’s Pennsylvania Ethane Cracker Progressing, but Schedule Clouded by Covid-19
Construction of Royal Dutch Shell plc’s multi-billion dollar ethane cracker in western Pennsylvania is about 70% complete, while the 98-mile pipeline system that would feed the facility is 95% complete, a company executive said Tuesday, noting that the Covid-19 pandemic has complicated the project. “All of the major equipment is up, all of the modules…
September 29, 2020
LNG
Baker Hughes Secures Equipment Deal for Major Qatari LNG Expansion
Baker Hughes Co. said Tuesday it will supply Qatar Petroleum gas-powered refrigerant units for an expansion of the Middle Eastern country’s liquefaction capacity to 110 million metric tons/year (mmty) from 77 mmty by 2025. The Houston-based oilfield services giant said it is among the largest liquefied natural gas (LNG) deals it has secured in the…
September 29, 2020
Markets
Australia PM Looks to Henry Hub Model to Lower East Coast Gas Prices
Australian Prime Minister (PM) Scott Morrison wants to create a liquefied natural gas (LNG) hub along the east coast similar to Henry Hub in order to lower gas prices in the region and spur an economic recovery from the Covid-19 pandemic. The idea was among a number of measures that Morrison proposed earlier this month…
September 29, 2020
Infrastructure
ConEd Installing Smart Meters to Detect Gas Leaks in New York City, Westchester County
Con Edison Co. (ConEd) is installing 376,000 smart-technology natural gas detectors for customers in New York City and Westchester County. The utility, which serves 1.1 million area gas customers, said that the distribution of the detectors follows a successful pilot in which ConEd provided 9,000 detectors. Those leak detectors sounded 250 alarms since the first…
September 29, 2020
Regulatory
Alberta Launches Oil, Natural Gas Methane Reduction Effort Funded by Emissions Penalties
A methane emissions cleanup drive has begun in Canada’s top oil and gas-producing jurisdiction, with the bills paid by levies imposed on companies that miss provincial carbon reduction targets. The Alberta government announced that the methane control campaign will use C$52 million ($39 million) from a banked waste carbon penalty fund called TIER, short for…
September 29, 2020Recent News
Regulatory
State Department Latest to Warn Changes in Mexico Energy Creating Investment Doubts
Sep 29, 2020
Infrastructure
ConEd Installing Smart Meters to Detect Gas Leaks in New York City, Westchester County
Sep 29, 2020
NGI All News Access
Offshore Natural Gas Trunkline Demand Seen Plunging in 2020, then Quickly Rebounding
Sep 29, 2020
Regulatory
Alberta Launches Oil, Natural Gas Methane Reduction Effort Funded by Emissions Penalties
Sep 29, 2020
Infrastructure
Work on Shell’s Pennsylvania Ethane Cracker Progressing, but Schedule Clouded by Covid-19
Sep 29, 2020
Infrastructure
Mountaineer NGL Storage Pulls Key Ohio Permits, But Project Still Moving Ahead
Sep 29, 2020
Daily 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.
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Markets
Natural Gas Futures Retrench as Weather Demand Diminishes, October Contract Expires
Natural gas futures dipped even lower Monday after posting a double-digit decline to close out the prior week, as weather-driven demand was forecast to fade and the October contract rolled off the board. Futures dropped early, swung back into positive territory by early afternoon and then dropped again to finish in the red. The October…
September 28, 2020Daily GPI
West White Rose Offshore Newfoundland in Jeopardy Amid Limited Federal Aid
September 28, 2020Infrastructure
More Federal Permits Handed Down as MVP Presses FERC for Construction Restart
September 28, 2020Mexico 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
Markets
Mexico Natural Gas Imports Touch Historic High in September Despite Pandemic
Pipeline natural gas flows from the United States to Mexico have averaged an estimated 6.2 Bcf/d so far in September, up from 5.5 Bcf/d in full-month September 2019, according to Genscape inc. “Barring backward revisions from any of the major pipelines we monitor, this figure already sets a new historical record in monthly volumes,” Genscape’s…
September 28, 2020LNG
LNG Recap: Restart Finally Underway at Cameron LNG as Feed Gas Begins Flowing Again
September 28, 2020Regulatory
Federal Judge Says BLM Chief Serving Unlawfully, Lacks Senate Confirmation
September 28, 2020Shale 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
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Infrastructure
Mountain Valley Urges FERC to OK Construction Restart
The Mountain Valley Pipeline LLC (MVP) told FERC late last week that it has received a series of key federal waterbody crossing permits, bolstering its case to restart construction on the 300-mile, 2 million Dth/d natural gas conduit. The Huntington, WV, Pittsburgh and Norfolk, VA, districts of the U.S. Army Corps of Engineers have all…
September 28, 2020E&P
Devon, WPX in $12B ‘Merger of Equals,’ Combining Permian, Multi-Basin Portfolios in Lower 48
September 28, 2020Markets