E&P

The U.S. natural gas rig count slid to 106 for the week ending Friday (April 19), down three rigs from the week prior and down 53 rigs year/year, according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). The addition of five rigs in the oil patch lifted the combined U.S. rig…

Natural Gas Prices

Lofty levels of natural gas in storage and a severe Permian Basin supply glut continued to cloud the outlook for prices. Natural gas forward prices fell in every region during the April 11-17 trading period, NGI’s Forward Look data show. Levels remained well below the $2.00/MMBtu level across the Lower 48, with exceptionally weak West…

International

The Netherlands is expected to permanently close the huge Groningen natural gas field, the Dutch Senate announced this week. Groningen, one of the largest gas fields in Europe, caused earthquakes and damage to local communities for more than 20 years, which created debate among politicians, local residents and gas industry supporters for years about whether…

International

With geopolitical tensions in the Middle East continuing to make the Suez Canal a risky crossing, almost 20% of all U.S. LNG exports have taken the longer route around southern Africa so far this year, according to data from Kpler. After conflict in Israel and Gaza sparked off in October, the threat of rocket attacks…