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
Outlook Brightens for Oil and Gas Demand as Vaccines Take Hold, Moody’s Says
Moody’s Investors Service upgraded its outlook for the global energy industry on Monday, citing a sustained increase in commodity prices and expectations for global economic growth to drive increased oil and gas demand over the next 12 to 18 months. The firm said it expects that, as vaccine programs become prevalent and the coronavirus outbreaks…
April 26, 2021
With Oil Prices Up and Interest Rates Low, U.S. E&Ps Issue More Debt
While bank borrowing remains light, publicly traded U.S. exploration and production (E&P) companies are boosting the amount of debt and equity issued via capital markets, taking advantage of continued low interest rates and recovered stock valuations. Companies are using proceeds to pay down more expensive legacy debt but also positioning themselves to ramp up production…
April 23, 2021
NorthWestern Energy Planning 175 MW Natural Gas Power Plant in Montana
NorthWestern Energy said this week it would build a 175 MW natural gas power plant in Montana. The $250 million project is part of a larger plan to add 325 MW of power capacity to address increasing energy needs in its home state. The other components of NorthWestern’s plan include a 50 MW battery storage…
April 23, 2021
Chevron, Toyota Team Up to Develop Viable Businesses in Hydrogen; Shell to Test Fuel for Shipping
Subsidiaries of Chevron U.S.A. Inc. and Toyota Motor Corp. said Wednesday they will join forces to develop “viable” and “large-scale businesses” to capitalize on the ascension of hydrogen as a clean source of fuel, including to meet expected future demand for fuel cell electric vehicles. The energy and auto majors said in a joint release…
April 23, 2021
Interior Halting Oil and Gas Leases on Federal Lands, Offshore Through June
The U.S. Interior Department ceased new oil and gas lease sales on federal lands and offshore through at least June as officials this week extended a review of the program’s impact on climate change. Interior’s Bureau of Land Management (BLM) said it is “exercising its discretion to not hold lease sales” through the second quarter.…
April 22, 2021
Domestic Crude Inventories Climb, Ending Streak of Declines, EIA Says
As demand eased, stockpiles of U.S. oil increased last week and ended a previous three-week run of inventory decreases, federal data show. In its Weekly Petroleum Status Report (WPSR), the U.S. Energy Information Administration (EIA) said domestic crude inventories for the week ended April 16 rose by 600,000 bbl from the previous week. The total,…
April 21, 2021
IEA Cautions CO2 Emissions to Spike in 2021 as Global Economy Emerges From Pandemic
Carbon dioxide (CO2) emissions are poised to soar in 2021 as energy use mounts alongside global economic momentum, the International Energy Agency (IEA) said in a report Tuesday. The Paris-based energy watchdog estimated that emissions would spike by 1.5 billion metric tons/year. It would mark the second-biggest increase on record and more than reverse the…
April 21, 2021
Lifted by Exports, May Natural Gas Futures Finish Strong
LNG feed gas volumes hovered close to 2021 highs Pipeline exports to Mexico also held strong Forecasters are calling for below-average temperatures Natural gas futures forged higher on Friday, marking the fourth time during the week the prompt month finished in the green. Robust liquefied natural gas (LNG) volumes, coupled with seasonally strong weather-driven demand,…
April 19, 2021
Weekly Natural Gas Prices Advance as Temperatures Drop and Heating Demand Mounts
In a stretch of trading defined by a barrage of chilly weather systems, weekly cash prices consistently gained ground amid steady heating demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the April 12-16 period climbed 24.5 cents to $2.495, with cash prices advancing four of the trading week’s five…
April 16, 2021
With Spring Chill and Export Momentum, May Natural Gas Futures Close Week on High Note
Natural gas futures forged higher on Friday, marking the fourth time during the week the prompt month finished in the green. Robust liquefied natural gas (LNG) volumes, coupled with seasonally strong weather-driven demand, fueled the rally. The May Nymex contract settled at $2.680/MMBtu Friday, up 2.2 cents day/day. June advanced 2.4 cents to $2.754. NGI’s…
April 16, 2021