yergin with book

Investing in Oil, Natural Gas Paramount as Energy Mix Transitions, Says Yergin

Nations may be working to transition to net-zero carbon, but recent events prove that it will be decades before oil and gas are replaced by alternative energies, according to IHS Markit Vice Chairman Daniel Yergin.

Natural Gas Forwards Nosedive as Traders Eye February Warmup

Natural gas traders turned a blind eye to some of the coldest weather of the winter set to arrive in days, sending natural gas forward prices plummeting across the country during the trading period from Jan. 13-19, NGI’s Forward Look showed. While fixed prices for the February contract came off as much as $2.610/MMBtu at…

January 20, 2022

‘Volatility Here to Stay’ as Global Natural Gas Demand Gains Prominence – Mexico Spotlight

North America natural gas futures continued to be unpredictable this week as cold weather descended across the Lower 48, while demand for U.S. gas in Europe and Mexico continued to rise. The February Nymex gas futures contract lost 25.2 cents day/day on Wednesday and closed at $4.031/MMBtu. March fell 20.3 cents to $3.845. Upcoming bursts…

January 20, 2022

Pennsylvania Natural Gas Impact Fees Projected to Rebound on Stronger Prices, Production

Pennsylvania is projected to collect higher impact fees from unconventional natural gas producers for 2021, reversing losses tied to lackluster demand and low commodity prices in recent years. The state’s Independent Fiscal Office (IFO) released projections this week estimating that unconventional producers will pay $233.8 million in impact fees for 2021, up by nearly $88…

January 20, 2022

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