Story of the day
FERC Back to Five Commissioners for First Time in Nearly Two Years as Senate Confirms Nominees
Markets
Natural Gas Futures Tread Water as Seesawing Weather Models Counter Record LNG, Supply Cuts
Tuesday marked a second day of small shifts along the natural gas futures curve, with flip-flopping in the latest weather models taking a toll on prices. Even with export demand hitting a fresh high and supply taking a hit, the January Nymex contract fell as much as 4.9 cents before going on to settle only…
December 1, 2020
Infrastructure
ExxonMobil Retreats on Spending, with ‘Significant’ Natural Gas Development Off The Table
ExxonMobil is backing off ambitious goals to increase spending and is slicing the book value of some of its assets, particularly the U.S. dry natural gas portfolio, by up to $20 billion. Following an annual strategic review by the board in late November, the Irving, TX-based energy giant on Monday said it has revised its…
December 1, 2020
LNG
Strong U.S. Deliveries Early in 2020 Put European LNG Imports on Track to Surpass 2019
European liquefied natural gas (LNG) imports are on track to beat last year’s levels, driven in part by strong deliveries from the United States earlier in 2020, according to data intelligence firm Kpler. The firm said this week domestic gas exports to Europe have nearly doubled this year, thanks in large part to a particularly…
December 1, 2020
Markets
December Natural Gas Bidweek Prices Slip Lower Amid Mild Temperatures, Dubious Outlook
Natural gas prices dipped slightly lower in December bidweek trading as markets mulled modest weather-driven demand in November against the prospect of increased domestic heating needs this month and continued robust liquefied natural gas (LNG) export volumes. NGI’s December Bidweek National Avg. declined 2.5 cents month/month to $2.720/MMBtu, which also represents a 10.5-cent discount from…
December 1, 2020
Infrastructure
Natural Gas Dominates Second Tranche of Mexico’s Public-Private Infrastructure Plan
Energy projects fueled by natural gas dominate Mexico’s second public-private infrastructure plan announced by government and business leaders on Monday. Worth a total of 228 billion pesos, or around $11 billion, the second package includes 29 projects in energy, telecommunications, roads and water. It is part of a broader infrastructure plan aimed at jumpstarting the…
December 1, 2020
E&P
Alberta-Focused Obsidian Plans to Increase 2020 Spending Amid Higher Commodity Prices
Calgary-based exploration and production (E&P) company Obsidian Energy Ltd. said Monday it would try to capitalize on higher commodity prices by spending an additional C$3.2 million ($2.5 million) in 2020 to begin drilling the first pad in its Central Alberta Willesden Green asset. Obsidian’s 2020 capital spending is set to increase to C$56 million ($43…
December 1, 2020
International
Montney Gaining on Alberta, Cruising to Become Top Canadian Natural Gas Play
Rich Montney Shale resources will let British Columbia (BC) take over from Alberta as the top Canadian natural gas producer jurisdiction within 20 years, according to two separate supply projections. Alberta falls behind BC in the latest national outlook by the Canada Energy Regulator (CER), Canada’s Energy Future 2020. The gas lead changes in both…
December 1, 2020
M&A
Contango Snags Rockies, Permian ‘Low-Decline’ Oil, NGL Assets
Contango Oil & Gas Co. is set to expand its footprint in the Big Horn, Permian and Powder River basins after agreeing to purchase bank-owned liquidated assets for $58 million. Under the purchase and sale agreement announced Monday, the Fort Worth, TX-based independent is to acquire around 7,500 boe/d of production, 18.3 million boe of…
December 1, 2020
Infrastructure
Enbridge Line 3 Construction Finally Begins in Minnesota
Enbridge Inc. launched work Monday on the $2 billion Minnesota leg in its Line 3 oil pipe replacement project after receiving the final state permit required for construction. “With all the permits in hand we can now start,” said Enbridge Vice President Vern Yu. He did not specify a date or location. However, the company…
December 1, 2020Recent News
Infrastructure
Natural Gas Dominates Second Tranche of Mexico’s Public-Private Infrastructure Plan
Dec 1, 2020
International
Montney Gaining on Alberta, Cruising to Become Top Canadian Natural Gas Play
Dec 1, 2020
Infrastructure
ExxonMobil Retreats on Spending, with ‘Significant’ Natural Gas Development Off The Table
Dec 1, 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
Potential Mid-December Cold Offers Hope for Bulls as Natural Gas Futures Called Higher
Natural gas futures were trading slightly higher early Tuesday as forecasters continued to point to a potential shift toward colder temperatures around the middle of the month. The January Nymex contract was up 1.1 cents to $2.893/MMBtu at around 8:45 a.m. ET. The European weather model trended milder overnight by showing less cold moving into…
December 1, 2020Markets
January Natural Gas Futures Advance on Signs of Stronger Heating Demand; Spot Prices Spike
November 30, 2020Infrastructure
Global Oil, Gas Demand Seen Peaking Sooner, Lower Because of Covid-19
November 30, 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
E&P
Mexico Natural Gas Production Flat Amid Surging Pipeline Imports from West Texas
Natural gas production in Mexico was flat year/year at 3.9 Bcf/d in October, according to upstream hydrocarbons regulator Comisión Nacional de Hidrocarburos (CNH). State oil company Petróleos Mexicanos (Pemex) accounted for 3.68 Bcf/d of the total, the same amount it produced in the year-ago month. Dry gas production from Pemex processing centers averaged 2.18 Bcf/d,…
November 30, 2020Regulatory
Energy Industry Stands to Benefit as Interior Relaxes Migratory Bird Protections
November 30, 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
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Infrastructure
Sempra Utilities Ready Plan to Mix Hydrogen into Natural Gas Systems
Sempra Energy’s two California utilities have formed a demonstration program aimed at mixing hydrogen into their natural gas distribution pipeline systems. Calling it a first for the state, Southern California Gas Co. and San Diego Gas and Electric Co. plan to use surplus renewable power supplies to produce hydrogen that would be mixed into the…
November 30, 2020Markets
December Natural Gas Futures Finish Week on a High Note After EIA Reports Decrease in Storage
November 30, 2020Regulatory
Canada Said to Need Low-Carbon Tech, Policy Changes to Meet Net-Zero Emissions Goal
November 30, 2020E&P