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Baker Hughes CEO Heralds ‘The Age of Gas,’ Touts LNG as Climate Solution
Markets
Natural Gas Forwards Slide as Pipe Maintenance Impacts West Texas Outlook
Amid continued downward pressure from excess storage inventories, and with cooling demand yet to ramp up in earnest, regional natural gas forwards drifted lower during the April 25-May 1 trading period, according to NGI’s Forward Look. June fixed prices at Henry Hub exited the period at $1.939/MMBtu, down 4.6 cents week/week. In line with the…
May 2, 2024Earnings
Diamondback Ready to Support Scaling West Texas Natural Gas Egress
Pipeline constraints in the oil-rich Permian Basin have not impacted Diamondback Energy Inc.’s production, but “pushing out more pipes” could help low natural gas prices in West Texas. During a call to discuss first quarter results, CEO Travis Stice said, “we’re going to continue to need pipes being built about every 12-18 months in the…
May 2, 2024LNG
Labor Crunch Could Push Back Golden Pass Start-Up – Three Things to Know About the LNG Market
NO. 1: Golden Pass LNG’s timeline for starting production could slip further into 2025. A shortage of skilled workers and other construction issues are reportedly causing delays. Market speculation about the project has grown this week as traders continue to watch U.S. export projects along the Gulf Coast for signs of new demand later this…
May 2, 2024Earnings
Shell Overcomes Slumping Natural Gas Prices as Global LNG Volumes, Production Increase
Anyone wanting to perfect the basic fundamentals of trading and optimizing LNG sales on the global market probably need look no further than to Shell plc. The No. 1 global liquefied natural gas trader, and Europe’s leading oil and gas producer, overcame slumping commodity prices during the first quarter to deliver increased production and higher…
May 2, 2024Trending News
Earnings