Story of the day
Alberta Premier Promises to Explore ‘All Legal Avenues’ if Keystone XL Canceled by Biden Administration
Markets
Fading Expectations for Frigid Temperatures Weigh Down Natural Gas Futures
Natural gas futures plunged on Tuesday after forecasts over the holiday weekend trended warmer for late January and early next month, diminishing prior expectations for a widespread winter freeze that would fuel robust heating demand. The February Nymex gas futures contract settled at $2.546/MMBtu, down 19.1 cents day/day. March fell 16.7 cents to $2.529. Spot…
January 19, 2021
E&P
Natural Gas Production in Lower 48 to Continue Falling from January to February, EIA Says
Cumulative natural gas production from seven key U.S. onshore regions is set to fall by 472 MMcf/d from January to February, extending a downtrend that goes back to early 2020, according to updated projections published Tuesday by the Energy Information Administration (EIA). In its latest Drilling Productivity Report, EIA said it expects the Anadarko, Appalachian…
January 19, 2021
Earnings
Halliburton ‘Optimistic’ U.S. Land Activity to Climb as Oil Prices Strengthen, E&Ps Work to Sustain Production
Houston oilfield services giant Halliburton Co. kicked off the fourth quarter earnings season with positive news, as it takes advantage of a recovering U.S. land rig count and completions activity continues to rise. CEO Jeff Miller helmed a conference call on Tuesday with his management team, noting that the largest completions specialist in North America…
January 19, 2021
LNG
Commonwealth LNG Launches Competitive Bidding to Jumpstart Louisiana Export Project
Commonwealth Liquefied Natural Gas (LNG) has launched a tender soliciting bids from potential offtakers that could acquire supply from the proposed project in Louisiana at volumes, pricing and durations of their choosing. The company is aiming to accelerate the supply contracting process by offering more flexibility. Offtakers could buy on a tolling, free-on-board (FOB) or…
January 19, 2021
E&P
New Banking Rule a Win for Oil and Natural Gas Sector, but Biden Administration Likely to Nix It
A new federal rule intended to prevent large banks from denying loans to companies in the oil and gas industry and other sectors that have fallen out of favor with some institutional investors because of environmental and social concerns represents a win for energy companies. But it may prove short-lived. The “fair access” rule, finalized…
January 19, 2021
Bakken Shale
Bakken Midstream Mulling Ethane-Natural Gas Power Plant
Bakken Midstream Natural Gas LLC is considering developing a dual-fuel electric cooperative power plant in North Dakota that would primarily operate on ethane, with natural gas also in the fuel mix. Mountrail-Williams Electric Cooperative is proposing to build the Williston Basin Energy Center near Williston, ND, in the heart of the Bakken Shale. The project,…
January 19, 2021
Regulatory
Outgoing Trump Officials Warn of ‘Significant Uncertainty’ in Mexico Energy Sector
Members of the outgoing administration of President Trump have sent a letter to Mexican counterparts, including Energy Minister Rocío Nahle, admonishing regulatory changes they said are damaging Mexico’s investment climate. The letter, signed last week by U.S. Secretary of State Michael Pompeo, Energy Secretary Dan Brouillette and Commerce Secretary Wilbur Ross indicated that recent government…
January 19, 2021
E&P
DOE Looks to Stimulate U.S. Energy Tech, Including for Carbon Capture, with New Funding
Forty-six projects in 23 states, including ones to support carbon capture processes, are set to receive funding from the Department of Energy’s (DOE) Office of Energy Efficiency and Renewable Energy (EERE) to stimulate technological innovation and improve energy productivity. The total funding, estimated at $123.6 million, along with $44.7 million in cost sharing by states,…
January 19, 2021
LNG
Asia LNG Rally Subsides, but Wintry Weather Poised to Support Prices — LNG Recap
The rally in Asian natural gas prices has finally lost momentum as temperatures have warmed and supplies are creeping up across the region. Spot prices fell below $10.00/MMBtu on Monday as the February contract gave way to March delivery. The decline followed a rapid climb from late November through last week when Japan Korea Marker…
January 19, 2021Recent News
Regulatory
Outgoing Trump Officials Warn of ‘Significant Uncertainty’ in Mexico Energy Sector
Jan 19, 2021
Infrastructure
Alberta Premier Promises to Explore ‘All Legal Avenues’ if Keystone XL Canceled by Biden Administration
Jan 19, 2021Daily 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
E&P
New Banking Rule a Win for Oil and Natural Gas Sector, but Biden Administration Likely to Nix It
A new federal rule intended to prevent large banks from denying loans to companies in the oil and gas industry and other sectors that have fallen out of favor with some institutional investors because of environmental and social concerns represents a win for energy companies. But it may prove short-lived. The “fair access” rule, finalized…
January 19, 2021Markets
February Natural Gas Futures Bounce Back on Renewed Expectation of Deep Freeze
January 15, 2021Mexico 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
LNG
New Fortress Expands Latin America LNG Position with Brazil Acquisition
New Fortress Energy Inc. said Wednesday it is acquiring Golar LNG Partners LP (GMLP) and Hygo Energy Transition Ltd. in a deal valued at $5 billion that expands operations in Latin America and provides liquefied natural gas (LNG) shipping assets. Hygo is a 50-50 joint venture between Golar LNG Ltd. and a fund managed by…
January 14, 2021Natural Gas Prices
Natural Gas Futures Give Up Ground As Forecasts Suggest Eased Intensity of Looming Cold Blast
January 14, 2021Shale 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
Alberta Premier Promises to Explore ‘All Legal Avenues’ if Keystone XL Canceled by Biden Administration
Canadian leaders are vowing to rescue TC Energy Corp.’s Keystone XL (KXL) — or sue for damages — from a plan for incoming President Biden to cancel the U.S. presidential permit for the $8 billion oil export pipeline project. KXL stands out as an 830,000 b/d growth enabler for Canada’s top natural gas user, Alberta…
January 19, 2021Regulatory