Kevin Dobbs joined the staff of NGI in April 2020. Prior to that, he worked as a financial reporter and editor for S&P Global Market Intelligence, covering financial companies and markets. Earlier in his career, he served as an enterprise reporter for the Des Moines Register. He has a bachelor's degree in English from South Dakota State University.
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Articles from Kevin Dobbs
Northern Chill, Rebound in LNG to Drive Strong Winter U.S. Natural Gas Demand, Analysts Say
Recovering liquefied natural gas (LNG) demand, forecasts for a colder winter that were supported by an early Midwest chill, low production and abating storage containment worries should support gas prices in the final months of this year and establish momentum for 2021, analysts argue. “While U.S. storage is projected to exceed 4 Tcf by the…
October 23, 2020
U.S. Oil Inventories Decline as Production Drops, but EIA Says Demand Also Eases
U.S. crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased by 1.0 million bbl during the week ending Oct. 16 to 488.1 million bbl. However, inventories were still 10% above the five-year average for this time of year, according to a federal report. The weekly decline reflected continued light production amid an uneven…
October 22, 2020
Trump Commands Energy Sector’s Financial Backing, but Biden Makes Inroads
President Trump continues to enjoy overwhelming financial support from the energy sector in the run-up to the Nov. 3 election. However, former Vice President Joseph R. Biden Jr. has gained some ground among industry donors and holds a lead in recent overall donations and in the polls. The president and Democratic nominee Biden are scheduled…
October 21, 2020
BLM Decisions Under Pendley Facing Slew of Environmental Lawsuits
A federal judge has invalidated key land use plans in Montana that were approved under former Bureau of Land Management (BLM) Acting Director William Perry Pendley, a decision that could imperil land use decisions elsewhere and pave the way for a deluge of litigation from environmental groups. The ruling issued last Friday was the second…
October 20, 2020
Natural Gas Contributes Biggest Share of U.S. Electricity Generation Capacity, EIA Says
Natural gas-fired generators contributed more than any other source to the nation’s electricity capacity last year, the U.S. Energy Information Administration’s (EIA) annual survey of electric generators found. Natural gas was used for 39% of electricity generation in 2019. The bulk of the fuel was used in combined-cycle technology, which surpassed coal-fired generators in 2018…
October 20, 2020
NYPA Teaming Up with Environmentalists to Transition Big Apple’s Natural Gas-Fired Peakers to Clean Energy
The New York Power Authority (NYPA) said it would join forces with a coalition of alternative energy interests to assess how to transition natural gas-fired “peaker” plants in the nation’s largest city to low-carbon battery storage. The partnership between the public utility and the five groups that make up the Peak Coalition, which is pushing…
October 20, 2020
With $9.7B Concho Acquisition, ConocoPhillips to Become Permian Giant
ConocoPhillips on Monday announced it is taking over Concho Resources Inc. for $9.7 billion in stock, forming a giant in the Permian Basin that would rival the output of the biggest players in the nation’s most productive oilfield. Concho, a Permian pure-play, is the fifth-largest producer by volume in the massive field. The combination marks…
October 19, 2020
ConocoPhillips Strikes $9.7B Deal to Buy Concho, Create Permian Behemoth
ConocoPhillips on Monday announced it is taking over Concho Resources Inc. for $9.7 billion in stock, forming a giant in the Permian Basin that would rival the output of the biggest players in the nation’s most productive oilfield. Concho, a Permian pure-play, is the fifth-largest producer by volume in the massive field. The combination marks…
October 19, 2020
U.S. Oil Inventories Decline Further, but Coronavirus Threats Lurk
Demand for petroleum products mounted early in October, cutting into U.S. inventories of crude and refined products, but a resurgence of the coronavirus pandemic across swaths of the Lower 48 and Europe threaten to thwart the trend and weigh down oil prices. Demand for fuel derived from oil was crushed earlier this year by the…
October 16, 2020
Raymond James Says Natural Gas to Jump in 2021, Boosted by Production Cuts
The extensive oil production declines amid the coronavirus pandemic’s fallout cut deep enough into associated gas supplies to likely help drive up Henry Hub natural gas prices in 2021, according to Raymond James & Associates. “The 2020 oil crash is still likely to drive a massive imbalance in U.S. gas supplies in 2021,” Raymond James…
October 15, 2020