Kevin Dobbs

Natural gas futures forged ahead most of Thursday, building further momentum after a government inventory report pointed to narrowing storage surpluses and forecasts showed another heatwave on the way in September. Still, the prompt month slipped into the red in afternoon trading amid profit-taking. Coming off the prior session’s 13.4-cent bounce, the October Nymex gas…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 32 Bcf natural gas into storage for the week ended Aug. 25. The result exceeded market expectations but proved lean relative to prior years, leaving Nymex natural gas futures trading in a narrow range. Ahead of the 10:30 a.m. ET government report, the…

Citing fallout from the war in Ukraine, Russian natural gas behemoth Gazprom PJSC said its net income for the first half of 2023 plummeted.  The steep drop came after Russia cut off most exports to Europe last year after it invaded Ukraine. The continent has also reduced its reliance on Russian natural gas, turning instead…

Several states have joined a lawsuit filed against FERC by environmental groups that oppose the Transcontinental Gas Pipe Line Co. LLC’s (Transco) Regional Energy Access Expansion Project (REAE), raising the specter of a drawn-out battle. The REAE would expand Transco’s existing interstate pipeline system to move another 829.4 MMcf/d of natural gas. In addition to…

Clearfork Midstream LLC said Tuesday it culminated a series of expansions across its Holly System in North Louisiana, boosting its gathering and processing (G&P) volumes there above 1.0 Bcf/d as the company responds to strong demand from natural gas producers in the Haynesville Shale. “These significant system upgrades extend” Clearfork “into new areas throughout the…

Steady supplies of natural gas – and more infrastructure to deliver it – are vital for the United States to meet steady domestic consumption and elevated global demand for LNG through this decade and beyond.  Such was the prevailing sentiment among industry leaders and analysts who presented last week at the LDC Gas Forums annual…

U.S. natural gas futures swung from a 14-year high above $9.00/MMBtu in the summer of 2022 – following Russia’s invasion of Ukraine and shocks to global supplies –  to lows below $2.500 a year later amid robust production and demand fluctuations. While natural gas prices are always difficult to forecast, it’s a safe bet more…

Liberty Energy Inc. President Ron Gusek does not shy away from the reality of climate change. He is convinced the planet is warming and sea levels are rising. Still, these are not overwhelming problems that necessitate bans on natural gas and other fossil fuels. In fact, Gusek said, a diverse array of energy sources is…

Natural gas futures swung from a 14-year high above $9.00/MMBtu in the summer of 2022 – following Russia’s invasion of Ukraine and shocks to global supplies — to lows below $2.500 a year later amid robust production and demand fluctuations. While natural gas prices are always difficult to forecast, it’s a safe bet more fluctuations…