Christopher Lenton

North American natural gas futures were choppy this week as the U.S. supply picture remained unclear and with summer heat just around the corner. Mexican buyers of U.S. gas, meanwhile, should expect even higher prices in the hot months ahead. After a steep three-day drop, the June New York Mercantile Exchange gas futures contract jumped…

Portland, OR-based natural gas utility NW Natural continues to build its renewable natural gas (RNG) portfolio as it moves to carbon neutrality by 2050. In January, the company started operations at an RNG facility in Lexington, Nebraska in conjunction with Tyson Foods Inc. and BioCarbN. Construction on a second facility has begun with commissioning slated…

Coterra Energy Inc.’s CEO Thomas Jorden called for the government and investors to provide the proper signals in response to an energy crisis “unlike anything the world has seen in almost 50 years.” In order for the U.S exploration and production (E&P) sector to “respond with increased U.S. supply, we need well-thought-out regulation and policies…

Brazilian national oil company Petróleo Brasileiro (Petrobras) saw falling natural gas demand and the need for fewer liquefied natural gas (LNG) cargoes in the first quarter as rainfall replenished the nation’s reservoirs. Natural gas demand dropped to 67 million cubic meters/day (MMm3/d) in the first quarter, compared to 81 MMm3/d in the same period last…

North American natural gas prices charged ahead this week amid worries over longer term supplies. In Mexico, meanwhile, natural gas demand is growing despite the higher prices. On Wednesday, the June New York Mercantile Exchange gas futures contract jumped 46.1 cents day/day and settled at $8.415/MMBtu. July rose 44.7 cents to $8.472. “U.S. production underwhelming,…

Coterra Energy Inc.’s CEO Thomas Jorden called for the government and investors to provide the proper signals in response to an energy crisis “unlike anything the world has seen in almost 50 years.” In order for the U.S exploration and production (E&P) sector to “respond with increased U.S. supply, we need well-thought-out regulation and policies…

Executives at Mexico’s national oil company Petróleos Mexicanos (Pemex) said in an earnings call Monday that work toward improving natural gas use and lowering emissions is starting to pay off. Pemex reported a 42% improvement in natural gas capture in the first quarter. The company was able to use 91.6% of gas produced, flaring off…

Natural gas futures crossed $7.00/MMBtu again this week, and global supply worries gained traction when Russia said it was cutting off gas access to Poland and Bulgaria. Rystad Energy analysts said the action by Russia “should be viewed as a precedent.” Meanwhile, U.S. natural gas production also failed to find momentum, dropping to around 93…

U.S. independent Hess Corp. expects to add a fourth rig to its Bakken Shale activity by the end of this year, but the company continues to prioritize capital discipline. “As our portfolio becomes increasingly free cash flow positive in the coming years we commit to return up to 75% of our annual free cash flow…