Story of the day
Baker Hughes CEO Heralds ‘The Age of Gas,’ Touts LNG as Climate Solution
Markets
Natural Gas Forwards Slide Overall as West Texas Outlook Brightens for Bulls
With excess storage inventories continuing to hang over the market through the shoulder season, natural gas forwards declined notably at the front of the curve for most regions during the April 18-24 trading period, data from NGI’s Forward Look show. May fixed prices at benchmark Henry Hub exited the period at $1.653/MMBtu, down 6.1 cents…
April 25, 2024LNG
Hammerfest, Freeport Outages Send Global Natural Gas Prices Higher – Three Things to Know About the LNG Market
NO. 1: A gas leak at the Hammerfest LNG export terminal in Norway that occurred during maintenance has shut the plant down until Friday. The facility, which is operated by Equinor ASA was evacuated Tuesday, and the leak has since been stopped. The cause is under investigation. Hammerfest is Europe’s only large-scale export terminal. It…
April 25, 2024Earnings
Latin America Oil, Natural Gas Activity Climbs for Halliburton, SLB and Weatherford
Performance in Latin America during the first quarter proved to be strong for Halliburton Co. and Weatherford International plc, with each reporting double-digit revenue gains from a year ago. The oilfield services giants joined SLB Ltd. and Baker Hughes Co. in reporting their quarterly results. SLB reported a 2% gain in sales year/year across its…
April 25, 2024Markets
Natural Gas Futures Steady Following Midweek Swoon — MidDay Market Snapshot
After a midweek nosedive, natural gas futures hovered close to even through midday trading Thursday, largely weathering the bearish impact of a high-side injection miss in the latest U.S. Energy Information Administration (EIA) storage data. Here’s the latest: Soon-to-expire May Nymex futures down 2.2 cents to $1.631/MMBtu at around 2:10 p.m. ET Henry Hub spot…
April 25, 2024Trending News
Earnings
