Christopher Lenton

Denver-based Ovintiv Inc. has set up its year to avoid natural gas price swings through a hedging program that covers about 50% of volumes. The independent, which operates across the Anadarko, Permian and Uinta basins, as well as the Montney Shale in Western Canada, has a base Nymex price assumption of $2.50/Mcf for 2024. “More…

Mexico’s Petróleos Mexicanos (Pemex) has “gained unprecedented help from the government during this administration,” CEO Octavio Romero Oropeza said in an earnings call. During the call the company chief railed against credit rating agency Moody’s recent downgrade of the state firm. Moody’s said Pemex is likely to face increased financial stress in the next two…

Guyanese officials have played down any threats to foreign investment while talking up the possibility of developing the country’s natural gas resources. At the Guyana Energy Conference and Supply Chain Expo last week, Vice President Bharrat Jagdeo told the audience, “I want to assure you that your investments will be safe.” The reassurances come amid…

North American natural gas prices have been hammered for the past two weeks, and despite a minor rally, remain well below the $2.00 mark. The  March New York Mercantile Exchange gas futures contract on Thursday settled at $1.732/MMBtu, down 4.1 cents day/day. Prices had jumped on Wednesday after Chesapeake Energy Corp. said it intended to…

Mexico’s President Andrés Manuel López Obrador announced a new package of 20 constitutional reforms on Monday evening. They include plans to scrap autonomous regulators such as competition watchdog Comisión Federal de Competencia Económica (Cofece) and energy regulator Comisión Reguladora de Energía (CRE). CRE oversees natural gas regulations and permitting. It also publishes the IPGN monthly…

Mexico’s nascent LNG market could be impacted by the Biden administration’s decision to pause U.S. export licenses while regulators review the process for approving them. The liquefied natural gas export projects planned in Mexico, which amount to about  6 Bcf/d, would use U.S. natural gas as feedstock. As such, they require U.S. Department of Energy…

Mexico’s nascent LNG market could be impacted by the decision of U.S. authorities to pause export licenses as they review methodology and guidelines. The liquefied natural gas export projects planned in Mexico, which amount to as much as 6 Bcf/d, would use U.S. natural gas as feed stock. As such, they require U.S. Department of…

Mexican states are working to lure nearshoring investment from international firms, and access to natural gas is pivotal, officials said at an energy conference in Monterrey, Nuevo León. “Natural gas is here to completely change our state,” general director Carlos Adrián Garcia of Campeche state’s energy agency said at the 9th Mexican Infrastructure Projects Forum.…

Esentia Energy Systems is planning to offer capacity on its network of natural gas pipelines that stretch from Waha in West Texas to the industrial hub of Guadalajara in central Mexico. “We are going to run an open season for capacity on our pipes for natural gas out of Waha,” Esentia commercial vice president Jorge…