Texas Gas Zone SL MidDay Natural Gas Price Snapshot

Earnings

International land and offshore markets are driving near-term demand for NOV Inc.’s oilfield equipment, but digital and performance technologies are also in the pipeline, as exploration customers look for improved efficiencies, according to CEO Clay Williams. During the recent first quarter conference call, Williams laid out expectations for the near term. North American activity isn’t…

Regulatory

The Biden administration has finalized rules to slash 90% of emissions from new natural gas-fired power plants, designed in part to encourage the use of more carbon capture and sequestration (CCS).   The U.S. Environmental Protection Agency (EPA) strengthened New Source Performance Standards (NSPS) for newly built gas-fired combustion turbines. Guidelines also were established to curb…

Earnings

ConocoPhillips management confirmed Thursday that it may sell part of its 30% equity stake in the first 1.8 Bcf/d phase of Sempra Infrastructure’s Port Arthur LNG export plant under construction southeast of Houston.  “With regard to Port Arthur, look, we’ve had some inbounds on the equity interest we have,” CEO Ryan Lance said during a…