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Federal Onshore Natural Gas, Oil Drilling Costs Rising as Interior Updates ‘Outdated’ Rules
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Natural Gas Futures Hold Onto Weather-Driven Gains as Storage Print Comes In-Line
Natural gas futures gained on Thursday, supported by colder forecasts for next week and a government inventory report that showed supplies did not grow faster than expected. At A Glance: EIA reports 50 Bcf injection Forecasts colder for next week Production at 97.8 Bcf/d Coming off two days of price volatility caused in part by…
April 18, 2024Markets
Heavy Supply Overhang, Enduring West Texas Price Pressure Weigh Down Natural Gas Forwards
Lofty levels of natural gas in storage and a severe Permian Basin supply glut continued to cloud the outlook for prices. Natural gas forward prices fell in every region during the April 11-17 trading period, NGI’s Forward Look data show. Levels remained well below the $2.00/MMBtu level across the Lower 48, with exceptionally weak West…
April 18, 2024LNG
Oman Continues LNG Supply Push With Two New Deals – Three Things to Know About the LNG Market
NO. 1: Feed gas deliveries to U.S. LNG export plants ticked back up on Thursday after recent downturns as maintenance season gets underway. Overall, U.S. feed gas demand was nominated at 10.8 Bcf, up 5% from Wednesday. Nominations for the Freeport liquefied natural gas export terminal in Texas on Thursday were at 276 MMcf, or…
April 18, 2024E&P
ExxonMobil Greenlights Another Stabroek Project Offshore Guyana
ExxonMobil keeps powering ahead in its offshore Guyana program even as a contract dispute and geopolitical tensions cast a shadow over the oil-rich project. The company made a final investment decision for the Whiptail development, its sixth project on the offshore Stabroek block. It has the necessary approvals in place and the offshore platform is…
April 18, 2024Trending News
Markets
Natural Gas Futures Hold Onto Weather-Driven Gains as Storage Print Comes In-Line
Apr 18, 2024
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