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
U.S. Oil Production Recedes as Demand Drops; Global Outlook Cloudy Amid Recession Headwinds
American crude production dropped last week alongside falling demand for travel fuels derived from oil, the latest government data show. Production for the week ended Aug. 19 declined by 100,000 b/d to 12.0 million b/d, the U.S. Energy Information Administration (EIA) said Wednesday in its Weekly Petroleum Status Report. Output had reached a pandemic-era high…
August 24, 2022
Regional Banks Sound Upbeat Tune on Lending to Natural Gas, Oil Producers
Regional banks that lend into the oil and natural gas sector say they are increasingly active as producers borrow to invest in growth amid enduring strong demand for fossil fuels. To be sure, national banks such as JPMorgan Chase and Well Fargo & Co. have pulled back on oil and gas lending amid pressure from…
August 24, 2022
Eni, TotalEnergies Announce Significant Natural Gas Discovery
Italy’s Eni SpA and Paris-based TotalEnergies on Monday said they made a major natural gas discovery at the Cronos-1 well, in Block 6, offshore Cyprus. Located about 100 miles southwest of the Cyprus coast, Cronos-1 “encountered several good quality carbonate reservoir intervals and confirmed overall net gas pay of more than 260 meters,” TotalEnergies said.…
August 23, 2022
Russia’s Planned Shutdown of NS1 Pipeline Sends European Natural Gas Prices Soaring, Bolsters Henry Hub
Natural gas prices surged Monday in Europe on intensifying concerns that Russia’s plan to close the Nord Stream 1 (NS1) pipeline could cripple the continent’s ability to store enough fuel to meet heating needs in the coming winter. U.S. futures followed suit. Russia’s Gazprom PJSC late Friday said it would halt gas flows to Europe…
August 22, 2022
Verifiable Methane Emissions Reductions Said Key for Future of Natural Gas
Under pressure from investors, utilities and consumers, natural gas producers and suppliers in 2022 are increasingly seeking out third-party certification to demonstrate they are delivering fuel that is brought to market with ultra-low methane emissions. It is a drumbeat that only in the last couple of years started to find a rhythm, with genuine momentum…
August 18, 2022
Amid Lackluster Production and ‘Robust, Resilient’ Demand, $13 Natural Gas Said Possible
A confluence of entrenched domestic demand, mounting calls for U.S. exports of LNG and modest production growth – all factors forecast to endure – propelled natural gas futures above $9.00/MMBtu in August and could keep upward pressure on prices for years. Such was the assessment of analysts who spoke Tuesday at the LDC Gas Forum…
August 17, 2022
Liberty Energy’s Wright Sees Long Oil, Natural Gas Future as ‘Energy Transition Is Not Happening’
Liberty Energy Inc. CEO Chris Wright made no bones about prognosticators calling for the demise of oil and natural gas on Monday. “The energy transition is not happening,” he said in Denver. “This drumbeat is crazy.” Wright, speaking at the LDC Gas Forum Rockies & West, said demand for fossil fuels is robust and poised…
August 16, 2022
Colorado’s Civitas, PDC Energy Expect to Maintain Strong Natural Gas, Oil Production Levels
Despite inflationary pressures, Denver-based Civitas Resources Inc. and PDC Energy Inc. expect continued strong oil and natural gas production levels through 2022 as each capitalizes on acquisitions and strong demand. Civitas Resources Inc., the largest producer in the Denver-Julesburg (DJ) Basin, on average produced 175,223 boe/d — 46% oil, 30% natural gas and 24% natural…
August 12, 2022
OPEC Downgrades Crude Demand Outlook; IEA Says Gas-to-Oil Switching Impacts Forecast
Oil demand shows signs of waning as the global economy slows, bringing the world crude market close to balance, OPEC officials said Thursday in a new outlook. The Saudi Arabia-led cartel cut its world oil demand outlook by 260,000 b/d from an earlier forecast to about 100 million b/d for 2022. It held its expectation…
August 11, 2022
Centennial Bolsters Permian Natural Gas, Oil Production Ahead of $7B Merger with Colgate
Centennial Resource Development Inc. executives said the firm ramped up oil production and capitalized on high commodity prices in the second quarter, putting it in an enviable position as it nears the close of a $7 billion merger of equals. The Denver-based company, focused mostly in the Permian Basin, agreed in May to a tie-up…
August 11, 2022