Natural Gas Futures Fizzle for Second Day Despite Steepest Storage Withdrawal of Winter

Natural gas futures floundered a second consecutive day as weather patterns tilted warmer, overshadowing record export volumes, threats to production and the steepest storage withdrawal of the season. A day after dropping 25.2 cents, the February Nymex gas futures contract on Thursday shed 22.9 cents day/day and settled at $3.802/MMBtu. March fell 19.6 cents to…

Baker Hughes Sees Accelerating U.S. Land Activity, Additional Global LNG Projects Sanctioned

More global natural gas export projects are likely to be sanctioned this year and beyond, fueled by a “growing appetite” for long-term purchase agreements, Baker Hughes Co. CEO Lorenzo Simonelli said Thursday. The world’s No. 2 oilfield services (OFS) company unveiled its fourth quarter and 2021 results, with Simonelli helming a conference call. No. 1…

January 20, 2022

Commonwealth LNG Signs HOA to Potentially Supply Australia’s Woodside

Commonwealth Liquified Natural Gas (LNG) has signed a heads of agreement (HOA) to negotiate the future purchase of 2.0 million metric tons/year (mmty) of LNG by Woodside Energy Trading Singapore Pte Ltd. from its proposed terminal near Cameron, Louisiana. Australia’s Woodside could secure a contract for 20 years of the project’s lifespan if it follows…

January 20, 2022

Kinder Morgan Gains on Higher Natural Gas Prices, LNG Deliveries

Stronger natural gas prices lifted Kinder Morgan Inc. results in the fourth quarter and propelled physical liquefied natural gas (LNG) deliveries higher by 33%. Executive Chairman Richard Kinder and CEO Steven Kean helmed a conference call late Wednesday to discuss fourth quarter and full-year 2021 results. The company recovered sharply in the final three months…

January 20, 2022

Biden Administration Not Eyeing LNG, Crude Export Bans, Says DOE Official

A senior U.S. Department of Energy (DOE) official told members of a House Energy and Commerce Committee panel that the Biden administration is not weighing banning exports of liquefied natural gas (LNG) or crude oil to counter rising energy costs. During an Energy Subcommittee hearing this week on House Resolution (HR) 6084, the Energy Products…

January 20, 2022