Story of the day
Archaea Builds RNG Development List, Looking for More Long-Term Contracts
Natural Gas Prices
Amid Volatile Trade, Natural Gas Futures Fall Short of Fourth Straight Gain
Natural gas futures fluctuated Friday, posting an early double-digit gain before dropping deep in the red by midday amid profit-taking to close out the week. The June Nymex gas futures contract ultimately settled at $7.663/MMBtu, down 7.6 cents day/day. July declined 7.0 cents to $7.765. At A Glance: Traders take profits to close week Cooling…
May 13, 2022
LNG
LNG Prices Still Bearish on Limited European Delivery Slots
LONDON (ICIS) – European and Asian prices continued to move in tandem to some extent, driven by new supply deals, tighter European supply and new Russian sanctions.
May 13, 2022
E&P
Canadian OFS Contractors Forecasting Increased Oil, Natural Gas Drilling
Canadian oil and natural gas drilling will accelerate this year to double the sluggish pace inflicted in 2020 by the Covid-19 virus pandemic and resulting global economic slump, according to oilfield service (OFS) contractors. The 2022 well count is expected to rebound to 6,902, up 48% from 5,648 in 2021 and 110% from the 2020…
May 13, 2022
Markets
Weekly Natural Gas Prices, Futures See-Saw Through Wild Trading Week
In a volatile stretch for natural gas trading, weekly cash prices ultimately gave up ground after soaring to unsustainable levels earlier in May. NGI’s Weekly Spot Gas National Avg. for the May 9-13 period dropped 68.5 cents to $7.115. A week earlier, it had spiked $1.075 cents to $7.800. The June Nymex natural gas futures…
May 13, 2022
Regulatory
U.S. Liquids Pipeline Safety Improving, Say Trade Groups
The safety of U.S. liquids pipelines has improved across several key metrics over the past five years, according to a new joint report from the American Petroleum Institute (API) and the Association of Oil Pipe Lines (AOPL). “Pipelines are not only the best way to deliver large volumes of liquids energy; they are also the…
May 13, 2022
Earnings
Oxy Prepared for Volatile Year, but Some Oil, Gas Producers Not So Lucky, Says Hollub
U.S. oil and gas producers that weren’t prepared to get down to business as prices rose may be out of luck, Occidental Petroleum Corp. CEO Vicki Hollub said Wednesday. Hollub helmed a first quarter conference call, joined by CFO Robert Peterson and Richard Jackson, president of U.S. Onshore Resources and Carbon Management. They shared with…
May 13, 2022
LNG
Venture Global Lands Another SPA for Plaquemines LNG, Edging Closer to FID
Venture Global LNG Inc. has netted another sales and purchase agreement (SPA) for its proposed Plaquemines liquefied natural gas (LNG) terminal with a major Asian buyer, pushing the project’s contracted offtake to the 80% mark. A 1 million metric ton/year (mmty) 20-year contract was announced Wednesday with a subsidiary of Malaysia’s state-owned Petroliam Nasional Berhad,…
May 13, 2022
E&P
ConocoPhillips IDs Pressure Build-up as Source of Leak on Alaska’s North Slope
An internal investigation from ConocoPhillips into a recent gas leak at a site in Alaska’s North Slope points to extreme pressure that caused well equipment to fail, releasing a pocket of gas to the surface. The report comes more than two months after a leak occurred at one of the Houston-based independent’s oldest Alpine Field…
May 13, 2022
E&P
Both Oil, Gas Drilling Numbers Rise as Steady Ascent for U.S. Drilling Tally Continues
With gains spread across both natural gas- and oil-directed drilling, the U.S. rig count continued its upward climb during the week ended Friday (May 13), adding nine units to reach 714, according to the latest tally from Baker Hughes Co. (BKR). Six oil-directed rigs and three natural gas-directed rigs were added in the United States…
May 13, 2022Recent News
Energy Transition
PG&E, State of California May Pursue DOE Funds for Regional Hydrogen Hub
May 16, 2022
Natural Gas Prices
Amid Volatile Trade, Natural Gas Futures Fall Short of Fourth Straight Gain
May 13, 2022
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.
• 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
Energy Transition
PG&E, State of California May Pursue DOE Funds for Regional Hydrogen Hub
Pacific Gas and Electric Co. (PG&E) in early May announced it plans to run a 10-year study that will blend natural gas and green hydrogen in a standalone transmission system for potential use in storage, electric generation and vehicle fuel. The project, known as Hydrogen to Infinity, will involve PG&E and several partners – the…
May 16, 2022Natural Gas Prices
Amid Volatile Trade, Natural Gas Futures Fall Short of Fourth Straight Gain
May 13, 2022Mexico 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
Mexico
COLUMN: Mexico-U.S. Energy Partnership Needs to be Strengthened, not Watered Down
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. The asymmetry between the energy markets of the United States and Mexico is a consequence of differences in natural resource endowments, economic…
May 13, 2022Markets
Natural Gas Volatility Reigns as North American Summer Nears – Mexico Spotlight
May 12, 2022Shale 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
E&P
Ovintiv Pursuing Natural Gas Price ‘Diversification,’ Citing Strong Market Fundamentals
Ovintiv Inc. is exploring options to increase the exposure of its multi-basin upstream portfolio to a dynamic global natural gas market, CEO Brendan McCracken said. The Denver-based independent works in numerous onshore plays throughout North America, including in the Montney Shale, Anadarko Basin, Permian Basin, Bakken Shale and Uinta Basin. On a call to discuss…
May 16, 2022