Oil Downturn Boon for Permian, West Coast Natural Gas Markets

The oil market turmoil earlier this year provided a “rock solid bull trade for natural gas” that lifted basis to levels that should hold through 2021, particularly for West Coast locations and the upstream markets that serve them, according to market experts. Speaking Wednesday during a webinar hosted by Bloomberg and Natural Gas Intelligence, NGI’s…

Natural Gas Futures Slip as EIA Storage Data Reflects ‘Woefully Oversupplied’ Market

Natural gas futures buckled under pressure Thursday after a slightly larger-than-expected storage injection sapped the momentum prices had earlier in the week. The September Nymex futures contract settled at $2.165, down 2.6 cents day/day. October also slipped 2.6 cents to $2.305. Spot gas prices softened across the board as well, dragging down NGI’s Spot Gas…

August 6, 2020

NOAA Now Predicting Record Atlantic Storm Season, with Up to 11 Hurricanes

Atmospheric and oceanic conditions are primed to fuel an “extremely active” storm season in the Atlantic, with the potential to be one of the busiest on record, forecasters with the National Oceanic Atmospheric Administration (NOAA) said Thursday. NOAA’s Climate Prediction Center (CPC), a division of the National Weather Service, every August provides an Atlantic hurricane…

August 6, 2020

FERC’s McNamee Intends to Step Down in Early September

Bernard L. McNamee, who earlier this year said he did not plan to seek another term at FERC, said Wednesday he intends to step down on Sept. 4. McNamee in January had indicated he would step down from the Federal Energy Regulatory Commission at the end of his term, which expired June 30.  “Since I…

August 6, 2020

Pipeline Leak Detection Company mIQroTech Joins Chevron Technology Venture

Leak detection company headquartered in Tampa, FL, mIQroTech Inc. is joining the Chevron Technology Ventures (CTV) Catalyst Program, launched in 2017, in order to further develop their smart sensors and artificial intelligence (AI) technology.  Technology from mIQroTech implements AI and internet of things (IoT) to predict pipeline leaks, which can be reported in a dashboard…

August 6, 2020