Story of the day
Hurricane Ian Raises Specter of ‘Gargantuan’ Storage Injection, Weighs on Natural Gas Futures, Cash Prices
Regulatory
ARM Fined $200K for Failing to Register as Swap Execution Facility
Houston-based Asset Risk Management LLC (ARM) was charged with failing to register as a swap execution facility (SEF) and ordered by the Commodity Futures Trading Commission (CFTC) to pay a $200,000 penalty. ARM was ordered to cease and desist from any further violations of the Commodity Exchange Act (CEA) and regulations. “Failing to register as…
September 30, 2022
Regulatory
USMCA Squabble Likely to End Amicably, Industry Expert Says
It’s probable that a trade dispute between Mexico and its northern neighbors Canada and the United States will be resolved through discussion, Carlos Flores, Director of Business Development at Nordex Group for Mexico, Colombia, Peru, Central America & Caribbean, told NGI’s Mexico GPI. “Nonetheless, there is no question that, if the consultations are taken to…
September 30, 2022
NGI All News Access
DT Midstream Doubling Millennium Natural Gas Pipeline Stake for $552M
DT Midstream Inc. (DTM) has inked a deal to acquire an additional 26.25% stake in the Millennium Pipeline Co. LLC., a natural gas system, for about $552 million. The 263-mile conduit, which entered service in 2008, delivers natural gas from the Marcellus and Utica shales to utility and power plant markets across New York and…
September 30, 2022
LNG
Germany Secures LNG Supply from UAE, Possible First Cargo by December
German utility RWE AG has secured another LNG supply source in an agreement with Abu Dhabi National Oil Company (ADNOC) that could bring additional cargoes to Germany’s developing import terminals as soon as December. RWE and the United Arab Emirates’ (UAE) state-owned ADNOC agreed to a multi-year supply contract for liquefied natural gas starting in…
September 30, 2022
LNG
Asian LNG Price Dips on Japan’s High Stocks, TTF Rises
The price spread between the ICIS East Asia Index (EAX) and Dutch TTF widened over the week, with East Asian spot prices dipping on high utility inventory levels in Japan and the latest tender cargo awards from south and southeast Asia.
September 30, 2022
E&P
U.S. Upstream Activity Steady as Oil Tally Rises, Natural Gas Drilling Slows
The U.S. rig count inched higher during the week ended Friday (Sept. 30), picking up one unit to end at 765 thanks to a small overall gain in the oil patch, according to the latest figures from Baker Hughes Co. (BKR). Two oil-directed rigs were added in the United States for the week. Partially offsetting…
September 30, 2022
Energy Transition
Hammerhead Looks to Attack Montney for Natural Gas, Liquids Using CCS
Strong Montney Shale drilling results have prompted private equity giant Riverstone Holdings LLC to combine Hammerhead Resources Inc. and Decarbonization Plus Acquisition Corp. (DCRD) into an Alberta-based growth firm. The deal primes Hammerhead with C$240 million ($180 million) for greenhouse gas (GHG) reductions using carbon capture and storage (CCS) while doubling production by 2030. “We…
September 30, 2022
E&P
Tulsa’s Rebellion, Legacy Well Plugging Specialist, Snags Grey Rock Investment
Private equity (PE) firm Grey Rock Investment Partners has agreed to invest in Rebellion Energy Solutions, a Tulsa-based specialist in decommissioning legacy oil and gas wells. “Grey Rock believes there is an underserved market of opportunities in the oil and gas well remediation space to offer near term solutions for positive environmental impacts,” said Grey…
September 30, 2022
Energy Transition
Jim Beam Distiller Taps RNG Project to Cut Emissions in Kentucky Expansion
Every bottle of Jim Beam Kentucky Straight Bourbon could be a little greener in the near future thanks to Beam Suntory Inc.’s inclusion of a renewable natural gas (RNG) project as a part of an expansion at its iconic Kentucky distillery. The Chicago-based producer of spirit brands like Jim Beam and Maker’s Mark has announced…
September 30, 2022Recent News
NGI All News Access
Weekly Natural Gas Prices, Futures Falter as Hurricane Ian Douses Demand
Sep 30, 2022
NGI All News Access
Natural Gas Forward Curves Retreat as Deadly Ian Rages Across Southeast
Sep 30, 2022
Energy Transition
Hammerhead Looks to Attack Montney for Natural Gas, Liquids Using CCS
Sep 30, 2022
NGI All News Access
DT Midstream Doubling Millennium Natural Gas Pipeline Stake for $552M
Sep 30, 2022
Energy Transition