Below-Average Storage Injection Fails to Lift August Natural Gas Futures

A slightly bullish storage print and ongoing expectations for strong cooling demand proved too little to offset skepticism about excess supply, export weakness and ongoing fallout from the coronavirus pandemic. The August Nymex contract lost 4.5 cents day/day and settled at $1.779/MMBtu on Thursday. September fell 5.5 cents to $1.821. Boosted by waves of summer…

Mexico’s Energy Ministry Gives Talos, Pemex 120 Days to Hammer Out Details on Offshore Zama Field

Mexico’s Energy Ministry (Sener) has ordered the unification of the Zama discovery offshore Mexico and has given Houston-based exploration and production company Talos Energy Inc. and Mexican state company Petróleos Mexicanos (Pemex) 120 days to come up with terms of how to carry out joint development of the field. In May, Mexico upstream regulator Comisión…

July 9, 2020

Coronavirus Philanthropy by Natural Gas, Oil Companies Ongoing Despite Moratoriums, Lockdown Orders Lifting

Though months have passed since the coronavirus pandemic first began to impact individuals and communities across the United States, many organizations have proven their determination by continuing to assist however they can. While many countries are emerging from lockdowns and showing signs of recovery, Royal Dutch Shell plc continues to assist in the global fight…

July 9, 2020

Noble Bringing Back Curtailed U.S. Oil Volumes, Expanding NatGas Export Capacity Overseas

Noble Energy Inc. said Thursday the bulk of its shut-in U.S. oil and gas production would be brought back online in the coming weeks.  Noble, whose vast U.S. portfolio extends across Texas and Colorado, said its second quarter curtailments totaled 11,000 b/d of oil. But “significant improvements in operating costs and netback pricing” will allow…

July 9, 2020

DOE Announces Companies to Partner with National Laboratories in Biofuel Blendstock Research, Development

The U.S. Department of Energy (DOE) announced Thursday its selection of seven research projects to receive funding for the development and acceleration of the adoption of performance-advantaged biofuel blendstocks.  The projects, totaling $1.94 million in research expenses, will expand research on fuels derived from renewable feedstocks, which could deliver efficient energy without high emissions. The…

July 9, 2020