Chevron’s Permian Operations See Improvements in ‘Frack-to-Pop Cycle Times’

Chevron Corp.’s domestic operations, particularly in the Permian Basin, performed “stronger than we had anticipated” in the first quarter, with improved cycle times and natural gas and oil output, CEO Mike Wirth said Friday. During a conference call to discuss quarterly performance, Wirth explained to analysts how the Permian portfolio improved as the wellhead-to-sales times…

Natural Gas Futures Rally Above $2 on LNG Rebound, Supply Slowdown; Cash Jumps

Natural gas futures pushed higher on Monday, boosted by a full restart of Freeport LNG’s third train, supply interruptions in the Permian Basin and expectations for a below-average storage injection. At A Glance: June takes over as front month Freeport restarts third train NGI models 56 Bcf injection The June Nymex contract settled 10.7 cents…

April 29, 2024

Mexico’s CFE Touts Private Sector Natural Gas Partnerships as Pipeline Imports Grow

Mexico’s state power utility Comisión Federal de Electricidad (CFE) highlighted the expansion of its natural gas marketing business and partnerships with the private sector in a series of recent updates.  In addition to its role as Mexico’s largest generator and distributor of electricity, CFE is the country’s primary importer and marketer of natural gas via…

April 29, 2024

Venture Global Aims for Plaquemines LNG First Production By Summer – The Offtake

Venture Global LNG Inc. is looking to import at least three liquefied natural gas cargoes to aid in commissioning of Plaquemines LNG, according to a Department of Energy (DOE) filing.

April 29, 2024

Freeport Restart Pushes Global Natural Gas Prices Lower – LNG Recap 

European and Asian natural gas prices fell Monday as supply constraints eased, mainly at Freeport LNG on the upper Texas coast, which has restarted one of its three trains. Feed gas flows to the facility ticked upward over the weekend and were nominated Monday at nearly 800 MMcf/d, or their highest level in three weeks.…

April 29, 2024