Story of the day
Natural Gas Futures Prices Go ‘Bonkers’ as Tetco Restrictions Seen Lasting Through Summer
E&P
Oxy Sells Colgate Energy Slice of Permian West Texas Acreage, Production
Occidental Petroleum Corp. is selling off 25,000 net acres in its West Texas holdings in the Permian Basin, along with the production, to private equity (PE) sponsored Colgate Energy Partners III LLC. The $508 million deal by Oxy, as it is better known, includes 25,000 net acres in Reeves and Ward counties within the Delaware…
June 11, 2021
Oil
Bolstered by Rebound of Major Economies, Global Oil Demand to Surge, OPEC Says
An acceleration in travel and economic activity should hasten the resurgence in global oil demand in the second half of 2021, cutting into supplies and justifying increased crude production, the Organization of the Petroleum Exporting Countries (OPEC) said Thursday. In its closely watched Monthly Oil Market Report, the Saudi-led cartel affirmed expectations it reported a…
June 11, 2021
Energy Transition
Talos Diving into Carbon Capture Opportunities in U.S. Offshore
Houston-based Talos Energy Inc. is diving into carbon capture and storage (CCS) opportunities along the Gulf Coast and offshore with UK expert Storegga Geotechnologies Ltd. Through the joint venture (JV), the partners plan to “source, evaluate and develop” CCS opportunities on the coast and in the Gulf of Mexico (GOM) offshore Alabama, Louisiana, Mississippi and…
June 11, 2021
Regulatory
More Balanced Congress a Positive for Mexico Energy Sector, Expert Says
“The Mexican Congress now has a more balanced representation, which is an excellent opportunity for negotiation and to have a moderated agenda,” Casiopea Ramírez Melgar, partner at Fresh Energy Consulting and seasoned expert in the Mexican energy sector, told NGI’s Mexico Gas Price Index. “This scenario may provide a more optimistic panorama, especially in terms of…
June 11, 2021
E&P
Tourmaline Continues North Montney Expansion with Eyes on Canadian LNG
Tourmaline Oil Corp. is beefing up its North Montney Shale holdings with the C$1.1 billion ($900 million) purchase of privately held Black Swan Energy Ltd., a deal that could position supplies for the Canadian liquefied natural gas (LNG) market. Tourmaline said Friday the purchase was an “important component” of its ongoing consolidation strategy in the…
June 11, 2021
LNG
Nord Stream 2 Readies First Line for Natural Gas, But Start-Up Still in the Offing
The operator of the Nord Stream 2 (NS2) pipeline said pre-commissioning work started Friday on the first line of the system, but when exactly service will start and the impact it might have on European energy markets remains unclear. Nord Stream 2 AG said Thursday that the first stretch of the twin pipeline that runs…
June 11, 2021
Markets
First Taste of Summer Drives Big Gains in Weekly Natural Gas Prices; July Nymex Hits $3.33 on Tetco Worries
Summer weather stepped up its game this week, providing momentum to spot gas prices as air-conditioning needs ramped up across much of the country. With highs in Texas and much of the central United States soaring into the 90s, NGI’s Weekly Spot Gas National Avg. climbed 13.0 cents to $2.930. Nymex futures also ended the…
June 11, 2021
E&P
Oil Patch Lifts U.S. Rig Count Once Again as Natural Gas Activity Eases Lower
More rigs flocked to the oil patch during the week ended Friday (June 11), offsetting a small decrease in natural gas-directed drilling to lift the combined U.S. count five units to 461, according to the latest data published by Baker Hughes Co. (BKR). Oil-directed drilling increased by six units in the United States for the…
June 11, 2021
LNG Insight
Cheniere Partnering with EQT, Pioneer Natural and Other E&Ps to Curb Natural Gas Emissions
Cheniere Energy Inc., the largest producer of liquefied natural gas (LNG) in the United States, is partnering with some of the country’s leading oil and natural gas producers to better understand and cut greenhouse gas emissions (GHG) upstream from its export terminals. The project brings together Aethon Energy Management, Ascent Resources Utica LLC, EQT Corp.,…
June 10, 2021Recent News
Daily GPI
As Inflationary Pressures Mount, Impacts on Oil and Gas Production Could Intensify
Jun 13, 2021
Natural Gas Prices
Natural Gas Futures Prices Go ‘Bonkers’ as Tetco Restrictions Seen Lasting Through Summer
Jun 11, 2021
Natural Gas Prices
Summer Heat, Appalachian Supply Concerns Fuel Natural Gas Forward Price Rally
Jun 11, 2021
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
Daily GPI
As Inflationary Pressures Mount, Impacts on Oil and Gas Production Could Intensify
U.S. oil producers overall have been reluctant to ramp up output even as crude prices climb and demand rebounds. They have focused on generating cash flow and exercised patience as the economy recovers from the pandemic. But shortages of supplies needed for drilling and resulting inflation amid coronavirus fallout could extend the trend and keep…
June 13, 2021Natural Gas Prices
Natural Gas Futures Prices Go ‘Bonkers’ as Tetco Restrictions Seen Lasting Through Summer
June 11, 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
Regulatory
More Balanced Congress a Positive for Mexico Energy Sector, Expert Says
“The Mexican Congress now has a more balanced representation, which is an excellent opportunity for negotiation and to have a moderated agenda,” Casiopea Ramírez Melgar, partner at Fresh Energy Consulting and seasoned expert in the Mexican energy sector, told NGI’s Mexico Gas Price Index. “This scenario may provide a more optimistic panorama, especially in terms of…
June 11, 2021Natural Gas Prices
Mexico Natural Gas Market Spotlight: Midterm Elections Create ‘Optimistic Panorama’
June 10, 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
• On-the-ground news coverage of crucial market events impacting supply and demand fundamentals
Daily GPI
As Inflationary Pressures Mount, Impacts on Oil and Gas Production Could Intensify
U.S. oil producers overall have been reluctant to ramp up output even as crude prices climb and demand rebounds. They have focused on generating cash flow and exercised patience as the economy recovers from the pandemic. But shortages of supplies needed for drilling and resulting inflation amid coronavirus fallout could extend the trend and keep…
June 13, 2021