Story of the day
Natural Gas Customers Looking at Higher Heating Bills This Winter as Fuel Prices Spike; Texas May Get Some Relief
M&A
Former Parsley CEO Sheffield Acquires 7.4% Stake in Australian Natural Gas Explorer Tamboran
Former Parsley Energy Inc. CEO Bryan Sheffield has acquired a roughly 7.4% stake in Australian natural gas explorer Tamboran Resources Ltd., executives said Tuesday. Founded in 2009, Tamboran styles itself as “a natural gas company that intends to play a constructive role in the global energy transition towards a lower carbon future.” The producer develops…
November 29, 2021
E&P
Oil, Natural Gas Industry Facing Higher Costs, Scrutiny in Federal Auctions
The U.S. oil and natural gas industry need not fear a federal drilling ban — for now — but royalty rates may be hiked for the first time in a century and leasing terms could be tightened based on an analysis by the Department of Interior. After taking office in January, President Biden issued Executive…
November 29, 2021
LNG
Global Natural Gas Markets Monitoring Spread of Latest Covid-19 Variant — LNG Recap
Natural gas prices in Asia and Europe moved higher Monday despite growing concerns over a new variant of Covid-19 that weighed on commodities late last week. A colder shift in the forecast and a reduction in pipeline imports in Europe were supporting prices as traders continue to monitor the potential impacts of the Omicron variant…
November 29, 2021
Regulatory
Energy Transfer to Pay Another $1.98M to Settle 2018 Incident on Revolution Pipe
The Pennsylvania Public Utilities Commission (PUC) has approved a nearly $2 million settlement tied to an affiliate of Energy Transfer LP’s natural gas pipeline failure and fire in 2018. PUC said the 3-0 vote resolves an investigation by the Bureau of Investigation and Enforcement (I&E) conducted following the event on the affiliate Energy Transfer Co.…
November 27, 2021
LNG
Cheniere Signs Another Long-Term LNG Deal With Chinese Buyer
Cheniere Energy Inc. has entered into a binding 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with Chinese utility Foran Energy Group. Under the SPA, Foran has agreed to purchase approximately 0.3 million metric tons/year (mmty) of LNG from Cheniere Marketing on a delivered ex-ship basis for 20 years beginning in January 2023.…
November 29, 2021
E&P
Xfuels to Acquire Oil, Gas Wells in Kansas and Oklahoma
Alberta-based Xfuels Inc. reported Monday that it plans to expand into the United States by adding 516 Midcontinent oil and gas wells to its holdings. The new assets come via a letter of intent (LOI) to purchase 100% of the common stock of Jubilee Exploration LLC, which controls the wells across 10 counties in northeastern…
November 29, 2021
Energy Transition
Brattle Offers Energy Transition Pathway for Natural Gas Utilities
Natural gas utilities can navigate the energy transition by following a three-step action plan, according to economists with management consulting firm The Brattle Group. “Increased coordination among stakeholders — especially between gas and electric utilities, and between gas utilities and technology providers — is needed to ensure decarbonization is achieved in the most cost-effective way…
November 29, 2021
Infrastructure
Mexico’s CFE Planning $4.5 Billion Offshore Natural Gas Pipeline Expansion
Mexican state power utility Comisión Federal de Electricidad (CFE) said Thursday it is developing a $4.5 billion project with energy ministry Sener and Sistrangas pipeline grid operator Centro Nacional de Control del Gas Natural (Cenagas) to expand natural gas access on the Yucatán Peninsula. A CFE spokesperson told NGI’s Mexico GPI that the project in…
November 29, 2021
Infrastructure
Canada Regulators Say No to Long-Term Oil Contracts on Enbridge Mainline
A 28-month fight over access to Enbridge Inc.’s oil Mainline ended in defeat Friday for its plan to sell decades-long contracts to fill 90% of the conduit’s capacity for 3 million b/d to a handful of refineries and brokers. “Mainline contracting would likely reduce the access to pipeline capacity realistically available to certain shippers,” said…
November 29, 2021Recent News
Natural Gas Prices
Natural Gas Customers Looking at Higher Heating Bills This Winter as Fuel Prices Spike; Texas May Get Some Relief
Nov 30, 2021
Regulatory
Federal Oil, Natural Gas Auctions Facing Changes as Interior Proposes Higher Royalty Rates
Nov 30, 2021
Natural Gas Prices
Mild Weather, Omicron Variant Heap Downward Pressure on Natural Gas Futures
Nov 30, 2021
Infrastructure
Mexico’s CFE Planning $4.5 Billion Offshore Natural Gas Pipeline Expansion
Nov 29, 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
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Natural Gas Prices
Natural Gas Customers Looking at Higher Heating Bills This Winter as Fuel Prices Spike; Texas May Get Some Relief
Natural gas customers for one of the largest U.S. utilities are set to see bills increase by as much as $71/month this winter as a result of ballooning natural gas prices. CenterPoint Energy Inc. said its local subsidiaries in Arkansas, Indiana, Ohio and Oklahoma could see higher heating bills from November to March when compared…
November 30, 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
E&P
Mexico Natural Gas Production Hits 2021 High in October
Mexico’s natural gas production in October rose to 3.93 Bcf/d, compared with 3.899 Bcf/d in the year-ago month. October’s production was the highest of any month this year. The average to date in 2021 has been 3.837 Bcf/d, according to upstream regulator Comisión Nacional de Hidrocarburos (CNH). September production was 3.894 Bcf/d. National oil company…
November 30, 2021Infrastructure
Mexico’s CFE Planning $4.5 Billion Offshore Natural Gas Pipeline Expansion
November 29, 2021Natural Gas Prices
January Natural Gas Down After December Expiry; Forecasts Show Warmer Shift
November 29, 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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E&P
Pennsylvania Natural Gas Production Continues Growing at Pre-Pandemic Levels
Pennsylvania’s unconventional natural gas production grew at pre-pandemic rates through the first nine months of the year as prices and demand rebounded, according to the state’s Independent Fiscal Office (IFO). The IFO said unconventional production came in at 1.884 Tcf in 3Q2021, or 6.8% higher than the year-ago period, resembling the strong rates of the…
November 30, 2021Regulatory