Story of the day
Natural Gas Futures, Spot Prices Find Path Forward as Forecasts Tilt Colder
Energy Transition
Chubb Mandates Natural Gas, Oil Clients Reduce Methane Emissions to Obtain Insurance
Chubb Ltd., the world’s largest publicly traded property and casualty insurer, has updated underwriting criteria for natural gas and extraction projects to require clients to reduce methane emissions. The Swiss-based insurer, which collaborated with stakeholders on the criteria, has most of its business in the United States. “The methane-related underwriting criteria that Chubb has adopted…
March 24, 2023
Regulatory
Investor Confidence in Mexico’s CRE Vital for Industry Growth, Says Regulatory Expert
Mexico’s energy regulator Comision Reguladora de Energia (CRE) needs to do a better job in providing a level playing field and improving sector oversight, Enix SC founder Alvaro Efraín Téllez Rangel, who runs the consultancy firm in Mexico City, told NGI’s Mexico’s GPI. Mexico’s CRE must “demonstrate certainty” and make decisions based on “the current…
March 24, 2023
Markets
What Did Our Editors Learn at CERAWeek 2023? – Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow. NGI Managing Editor Carolyn Davis has a roundtable chat with editors Jacob Dick, Kevin Dobbs and Morgan Evans about what they learned at this year’s CERAWeek by S&P Global conference in Houston. The latest on natural gas prices, potential breakthroughs on U.S.…
March 24, 2023
E&P
Low Natural Gas Prices, Elevated D&C Costs Forecast to Cool Lower 48 Activity
The decline in U.S. natural gas prices, combined with elevated costs to drill a well, are forecast to slow down drilling and completions (D&C) activity in the gassy basins of the Lower 48. Rystad Energy Vice President Serik Omarov in a note said the gas price decline has created uncertainty for exploration and production (E&P)…
March 24, 2023
LNG
Bear Head’s Canadian East Coast LNG Project Now Looks to Export Hydrogen
After spending years advancing a Canadian east coast LNG project, Bear Head Energy Inc. is officially moving forward with a hydrogen facility as a zero-carbon fuel of the future. Houston-based Buckeye Partners LP last May completed its takeover of the Bear Head liquefied natural gas project in Nova Scotia. At the time, Buckeye had outlined…
March 24, 2023
E&P
Modest Recovery in Oil Count Lifts U.S. Drilling Totals in Latest BKR Data
Bolstered by a modest rebound in oil activity, the U.S. rig count rose four units to finish at 758 for the week ended Friday (March 24), according to the latest figures from oilfield services provider Baker Hughes Co. (BKR). Domestic gains were driven by a four-rig increase in oil-directed drilling, raising total U.S. oil rigs…
March 24, 2023
Infrastructure
Nevada Adding First Natural Gas-Fired Peaking Capacity in 15 Years
NV Energy Inc. has been given the green light by the Public Utilities Commission of Nevada (PUCN) to add natural gas-fired peaking capacity as energy conditions run tighter across the region, with the potential the plant is fueled by a hydrogen blend in the future. The project to add two natural gas-fired turbines, expected to…
March 24, 2023
Natural Gas Prices
Maintenance Outages Wreak Havoc on Southern California Natural Gas Forward Prices
Against a consistent backdrop of lackluster natural gas demand, robust production, lagging exports and unseasonably high storage inventories, forward prices continued to crumble during the March 16-22 period, according to NGI’s Forward Look. Natural gas fixed prices declined more than 30.0 cents on average for April, with several U.S. locations recording even steeper decreases for…
March 24, 2023
Markets
Weekly Natural Gas Spot Market Prices Sputter as Spring Nears; Futures Falter
Weekly natural gas cash prices fell as mild temperatures and light heating demand paved a path for price corrections. NGI’s Weekly Spot Gas National Avg. for the March 20-24 period dropped 40.0 cents to $2.320. Prices declined four out of the past week’s five sessions. Weather favored bulls to start the week, with chilly conditions…
March 24, 2023Recent News
Natural Gas Prices
Maintenance Outages Wreak Havoc on Southern California Natural Gas Forward Prices
Mar 24, 2023
Regulatory
Investor Confidence in Mexico’s CRE Vital for Industry Growth, Says Regulatory Expert
Mar 24, 2023
Energy Transition
Chubb Mandates Natural Gas, Oil Clients Reduce Methane Emissions to Obtain Insurance
Mar 24, 2023
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
Markets
Natural Gas Futures, Spot Prices Find Path Forward as Forecasts Tilt Colder
Natural gas futures forged ahead Friday, boosted by colder forecasts and expectations for back-to-back bullish storage prints relative to historic norms. The April Nymex gas futures contract settled at $2.216/MMBtu, up 6.2 cents day/day. May rose 7.8 cents to $2.361. At A Glance: Bullish storage print in cards Supplies hold at robust levels Week-ahead weather…
March 24, 2023Natural Gas Prices
Maintenance Outages Wreak Havoc on Southern California Natural Gas Forward Prices
March 24, 2023Mexico 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
Investor Confidence in Mexico’s CRE Vital for Industry Growth, Says Regulatory Expert
Mexico’s energy regulator Comision Reguladora de Energia (CRE) needs to do a better job in providing a level playing field and improving sector oversight, Enix SC founder Alvaro Efraín Téllez Rangel, who runs the consultancy firm in Mexico City, told NGI’s Mexico’s GPI. Mexico’s CRE must “demonstrate certainty” and make decisions based on “the current…
March 24, 2023Natural Gas Prices
Natural Gas Futures, Spot Prices Sputter Amid Weaker Demand Outlook
March 24, 2023Natural Gas Prices
North American Natural Gas Prices in Doldrums, but Industry Eyeing Longer Term Trends – Mexico Spotlight
March 23, 2023Shale 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
E&P
Modest Recovery in Oil Count Lifts U.S. Drilling Totals in Latest BKR Data
Bolstered by a modest rebound in oil activity, the U.S. rig count rose four units to finish at 758 for the week ended Friday (March 24), according to the latest figures from oilfield services provider Baker Hughes Co. (BKR). Domestic gains were driven by a four-rig increase in oil-directed drilling, raising total U.S. oil rigs…
March 24, 2023Regulatory