LNG

Pieridae Energy Ltd. could be looking to sell its abandoned Goldboro LNG project in Nova Scotia to an Irish energy firm, according to a recently published regulatory filing. Calgary-based Pieridae asked Nova Scotia’s utility and review board for permission to transfer its approvals for the potentially 1.3 Bcf/d export project to Simply Blue Group, a…

E&P

Equinor ASA is phasing out gas-fired generation in one of its most prolific natural gas production hubs in favor of electricity as it looks to increase both the sustainability and the lifespan of its North Sea operations. Norway’s Equinor disclosed that its offshore facilities at the Sleipner field and the adjacent Gudrun platform had been…

Natural Gas Prices

Prompt-month natural gas futures on the New York Mercantile Exchange (Nymex) neared $2.00/MMBtu last week but failed to push beyond a $1.943 Wednesday intraday high. With technical and fundamental support lacking, the front month headed lower on Monday, slipping 7.9 cents to settle at $1.691, and was trading marginally flat Tuesday morning. “The May Nymex…

Natural Gas Prices

Oil and natural gas executives in the Midcontinent and Rocky Mountain regions don’t expect Henry Hub natural gas prices to surpass $3/MMBtu for another two years, according to the first quarter 2024 energy survey published by the Federal Reserve Bank of Kansas City. The survey gauges current and expected oil and gas activity levels in…