Story of the day
More Oil Drilling Propels U.S. Rig Count Higher for Sixth Straight Week
LNG
LNG Market Not ‘Out of the Woods’ as Volatility Likely a Mainstay for Years
Nikos Tsafos, a senior fellow at the Center for Strategic & International Studies’ Energy Security and Climate Change Program, believes the global natural gas market can count on turbulence in the years ahead, with more volatility likely and an increasingly murkier role to play in the energy transition. NGI: It was a rough summer for…
October 22, 2020
Markets
Patterson-UTI Sees U.S. Fracturing Improving into New Year on Stable Oil, Gas Prices
The Lower 48 oil and natural gas rig count remains sharply lower than a year ago, but fracturing activity is rising, a revival that should extend into 2021, all things (prices) being equal, Patterson-UTI Energy Inc. CEO Andy Hendricks said Thursday. Drilling and completion activity for the Houston giant “stabilized” in the third quarter as…
October 22, 2020
Earnings
Kinder Turns 3Q Profit, Notes Positive Momentum for Natural Gas
Kinder Morgan Inc. moved back to the positive side of the ledger during the third quarter, but management for the midstream giant remains keenly aware of the lingering uncertainties facing the oil and gas industry. “We’re not on the other side of the downturn of the U.S. energy industry,” CEO Steven Keen said Wednesday during…
October 22, 2020
M&A
Iberdrola’s Avangrid Offers $8.3B Cash for New Mexico Utility PNM Resources
The board of Iberdrola subsidiary Avangrid Inc. has approved the acquisition of New Mexico-based PNM Resources in an all-cash transaction valued at $8.3 billion. The merger would create “one of the largest companies in the U.S. utility industry with 10 regulated electricity companies in six states (New York, Connecticut, Maine, Massachusetts, New Mexico and Texas)…
October 22, 2020
NGI All News Access
Despite Coronavirus Impacts, U.S. Natural Gas Exports to Mexico Still Climbing
U.S. natural gas exports to Mexico, most of which cross the border via pipeline, have continued to increase in 2020, according to the U.S. Energy Information Agency (EIA). Mexico imports of liquefied natural gas (LNG), meanwhile, have declined every month since March, according to EIA, as pipeline infrastructure comes online offering cheaper alternatives. In early…
October 22, 2020LNG
The Offtake: Vessel Finally Departs Cameron LNG
A roundup of news and commentary from NGI’s LNG Insight The Golar Seal departed Cameron LNG on Wednesday, transiting the Calcasieu Ship Channel with a draft of 35.8 feet, according to Bloomberg ship tracking data. The ship’s draft was below the 36-foot restrictions in place from a sunken rock barge in the CSC. The vessel…
October 22, 2020
E&P
EQT Restarts Appalachia Natural Gas Volumes, but Warns More Shut-ins Possible
EQT Corp., the largest natural gas producer in the Lower 48, said Thursday it has ended another round of curtailments, but management said it won’t hesitate to continue shutting in volumes as low prices warrant. The Appalachian pure-play had curtailed about 400 MMcf/d beginning Sept. 1, cutting 15 Bcf from third quarter production volumes. The…
October 22, 2020
Infrastructure
Federal Court Upholds Keystone XL Border-Crossing Permit — For Now
A federal district court has denied ongoing legal challenges to the Trump administration’s 2019 approval of TC Energy Corp.’s Keystone XL oil pipeline. In separate orders handed down late last week, Chief District Judge Brian Morris of the U.S. District Court for Montana denied requests filed by tribal and environmental groups seeking a preliminary injunction…
October 22, 2020
Infrastructure
West Coast Coal-Fired Power Dwindling
With the closing of the final coal-fired generation plant in Oregon by Portland General Electric Co. (PGE), the West Coast is down to one coal plant in Washington, which is slated to close in 2025. As part of a 2010 agreement with stakeholders and regulators, PGE last week said the Boardman Generating Station in eastern…
October 22, 2020Recent News
Infrastructure
NGTL Proposes Expansion in Western Canada to Serve U.S. Northwest, California
Oct 23, 2020
Markets
Natural Gas Futures Retreat as Traders Await Cooler Weather; Cash Mostly Higher
Oct 23, 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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LNG
LNG Infrastructure Easily Modified to Liquefy Hydrogen, Says Chart CEO
Natural gas liquefaction technology made by Chart Industries Inc. can be modified relatively easily to also liquefy hydrogen for export, the CEO said Thursday. Ball Ground, GA-based Chart provides liquid gas technologies and equipment for the energy, water and space industries, among others. It has in the last few years become more focused on the…
October 23, 2020Markets
Natural Gas Slips, Still Maintains $3 Handle as EIA Storage Print Reflects Tightening Balances
October 22, 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
Patterson-UTI Sees U.S. Fracturing Improving into New Year on Stable Oil, Gas Prices
The Lower 48 oil and natural gas rig count remains sharply lower than a year ago, but fracturing activity is rising, a revival that should extend into 2021, all things (prices) being equal, Patterson-UTI Energy Inc. CEO Andy Hendricks said Thursday. Drilling and completion activity for the Houston giant “stabilized” in the third quarter as…
October 22, 2020NGI All News Access
Despite Coronavirus Impacts, U.S. Natural Gas Exports to Mexico Still Climbing
October 22, 2020Markets
U.S. Oil Inventories Decline as Production Drops, but EIA Says Demand Also Eases
October 22, 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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LNG
LNG Imports in Latin America Fall as Pandemic Takes Toll
Imports of liquefied natural gas (LNG) to Latin America fell by 4.2 million tons (Mt), or 32%, during January-September versus the same period in 2019 as the coronavirus ravaged the region’s economies, according to new analysis by data intelligence firm Kpler. Latin America has seen a particularly sharp decline this year compared to other LNG-importing…
October 22, 2020Markets