Story of the day
Near-Record Export Demand Fuels More Gains for Natural Gas Futures, Cold Snap Boosts Cash
E&P
As Appalachia Natural Gas Certification Expands, EQT Eyeing ‘Differentiated Markets’
Appalachian Basin giant EQT Corp., the nation’s largest natural gas producer, is pushing to ensure most of its supply is responsibly sourced and marketed as the globe transitions from fossil fuels. The pilot program, set to be launched this month, is designed to certify around 4 Bcf/d gross from 200-plus well pads in Pennsylvania’s Greene…
April 18, 2021
Markets
Natural Gas Prices, Demand Likely to Stay Resilient in Low-Carbon World, Analysts Find
Natural gas prices and demand are likely to stay resilient even if human-induced global warming is contained to 2 degrees celsius or less, according to new analysis by Wood Mackenzie. The 2-degree goal was established under the 2015 United Nations global climate agreement, aka the Paris Agreement. Replacement of coal with gas-fired power generation in…
April 18, 2021
Regulatory
California Drilling Ban Proposal Rejected in State Senate Committee
Another attempt in California to ban the use of hydraulic fracturing (fracking) and other well stimulation technologies has failed to get a key legislative committee’s endorsement, drawing cautious optimism from industry representatives. Senate Bill 467 by state Sen. Scott Wiener was granted reconsideration to possibly be reintroduced. The bill also would have prohibited wells from…
April 19, 2021
Infrastructure
Eliminating Ontario Natural Gas Generation to Inflict Financial Pain on Consumers, Says Energy Group
Natural gas-fired power plants only cause 2.3% of Ontario carbon emissions, but eliminating them would inflict at least a C$60 billion ($48 billion) bill on consumers, according to the Canadian province’s electricity suppliers. The Ontario Energy Association (OEA), a utilities and contractors group, totaled the costs of environmental demands for swift and total greenhouse gas…
April 18, 2021
E&P
Deepwater Oil Find Said Sign of Existing Opportunities in U.S. Gulf of Mexico
BP plc said it has struck oil at the Puma West prospect offshore Louisiana near its Mad Dog platform in the deepwater Gulf of Mexico (GOM). The well in Green Canyon Block 821 was drilled by BP, operator and owner of the block, on behalf of co-owners Chevron U.S.A. Inc. and Talos Energy Inc., each…
April 19, 2021
E&P
U.S. Coast Guard Calls Off Seacor Search in Gulf of Mexico
The U.S. Coast Guard (USCG) is suspending its search and rescue efforts for eight people still missing after a Seacor Marine-owned liftboat capsized off Louisiana last week. “This does not mean the case is closed,” Capt. Will E. Watson, sector commander in New Orleans, said Monday during a press conference. “At any time, we might…
April 19, 2021
Markets
NGI’s Hub & Flow Delves into the History and Future of North American Gas Market — Listen Now
Click here to listen to a new episode of NGI’s Hub & Flow podcast. NGI’s Christopher Lenton, senior editor for Mexico and Latin America, spoke to Mercuria Energy Co.’s Charles Blanchard in the latest episode. Blanchard, head of North American natural gas research, recently published an exhaustive study on the history of natural gas in…
April 19, 2021
LNG
NextDecade, Project Canary Launch GHG Monitoring Pilot for Rio Grande LNG
U.S. liquefied natural gas (LNG) developer NextDecade Corp. is teaming up with Project Canary to measure greenhouse gas (GHG) emissions associated with cargoes from the planned Rio Grande export facility in Texas, an effort the companies said is the first of its kind in the global LNG industry. The joint pilot project would focus on…
April 19, 2021
NGL
Increased Ethane Supply Said Crucial to Mexico’s Petchem Sector
Mexico’s petrochemicals sector has suffered from underinvestment and the prioritization of crude oil production by state oil company Petróleos Mexicanos (Pemex), according to a new issue brief published by Rice University’s Baker Institute for Public Policy. These factors have led to a steady decrease over the last decade in Pemex’s production of ethane and ethane…
April 19, 2021Recent News
Infrastructure
PG&E Back in Crosshairs of California Regulators for Fire Mitigation Work
Apr 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
U.S. Coast Guard Calls Off Seacor Search in Gulf of Mexico
The U.S. Coast Guard (USCG) is suspending its search and rescue efforts for eight people still missing after a Seacor Marine-owned liftboat capsized off Louisiana last week. “This does not mean the case is closed,” Capt. Will E. Watson, sector commander in New Orleans, said Monday during a press conference. “At any time, we might…
April 19, 2021Infrastructure
PG&E Back in Crosshairs of California Regulators for Fire Mitigation Work
April 19, 2021Infrastructure
Eliminating Ontario Natural Gas Generation to Inflict Financial Pain on Consumers, Says Energy Group
April 18, 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
Markets
Mexico’s Natural Gas Market Grows Amid Lessons from U.S. Experience
Mexico’s natural gas market is still in its early stages and suffers from a lack of competition, but that’s not too far from how things were in the United States when the market started, according to Mercuria Energy Co.’s Charles Blanchard. Blanchard, head of North American natural gas research, recently published an exhaustive study on…
April 15, 2021Markets
Natural Gas Futures Forge Ahead, Lifted by Export Demand and Favorable Weather
April 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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Markets
Weekly Natural Gas Prices Advance as Temperatures Drop and Heating Demand Mounts
In a stretch of trading defined by a barrage of chilly weather systems, weekly cash prices consistently gained ground amid steady heating demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the April 12-16 period climbed 24.5 cents to $2.495, with cash prices advancing four of the trading week’s five…
April 16, 2021Markets