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FERC Proposes Five-Year Index Level for Interstate Oil Pipeline Rates

FERC Proposes Five-Year Index Level for Interstate Oil Pipeline Rates

FERC has issued a notice of inquiry (NOI) on its proposed index level used to calculate annual changes to interstate oil pipeline rate ceilings for the next five years, beginning July 1, 2021.

June 18, 2020
Mirage Says Financing Secured for Expanded Mexico Natural Gas Pipeline, Storage Project

Mirage Says Financing Secured for Expanded Mexico Natural Gas Pipeline, Storage Project

Mirage Energy Corp. has signed a $4 billion debt facility with the family office of Bluebell International to develop a natural gas project that would add cross-border capacity into Mexico, as well as the nation’s first underground gas storage facility.

June 18, 2020
IEA Forecasts Flat Mexico Oil Output Through 2021; Global Production Set to Fall 7.2 Million b/d in 2020

IEA Forecasts Flat Mexico Oil Output Through 2021; Global Production Set to Fall 7.2 Million b/d in 2020

Mexico oil production is likely to stay near April levels through 2021, with the natural decline of legacy fields operated by national oil company Petróleos Mexicanos (Pemex) offsetting any production gains at the firm’s so-called priority fields, the International Energy Agency (IEA) said Tuesday.

June 17, 2020
PG&E Pleads Involuntary Manslaughter for 84 Deaths in Camp Fire, Agrees to $4M in Penalties

PG&E Pleads Involuntary Manslaughter for 84 Deaths in Camp Fire, Agrees to $4M in Penalties

Pacific Gas and Electric Co. (PG&E) on Tuesday pleaded guilty to 84 counts of involuntary manslaughter and one count of starting a fire for its role in the 2018 Camp Fire that destroyed the town of Paradise, CA.

June 17, 2020
Weather Worries and Weak Cash Weigh Down Natural Gas Futures

Weather Worries and Weak Cash Weigh Down Natural Gas Futures

Cooler temperatures and soft demand in the natural gas cash market, along with ongoing liquefied natural gas (LNG) woes, weighed down futures again Tuesday, with prices hitting a new daily low in June for a third consecutive trading day.

June 17, 2020
Colorado Heavyweight Extraction Files for Chapter 11 as Covid, Low Prices Continue to Ravage Lower 48

Colorado Heavyweight Extraction Files for Chapter 11 as Covid, Low Prices Continue to Ravage Lower 48

Denver-based Extraction Oil & Gas Inc. announced Sunday it has filed for Chapter 11 bankruptcy protection in the District of Delaware, citing the impacts of Covid-19 and low commodity prices on its business.

June 16, 2020
LNG Q&A: Delfin Execs See Offshore Exports as Game Changer for North American NatGas Supply — Bonus Coverage

LNG Q&A: Delfin Execs See Offshore Exports as Game Changer for North American NatGas Supply — Bonus Coverage

Editor’s Note: Enjoy this bonus coverage from NGI’s LNG Insight, which provides daily netback prices, export tracking, shipping costs, and other market-driven news and data. For more information, click here.

June 16, 2020
Antero Nets $402M from Global Investment Firm, Forecasts Strengthened Natural Gas, NGL Prices

Antero Nets $402M from Global Investment Firm, Forecasts Strengthened Natural Gas, NGL Prices

Appalachian natural gas heavyweight Antero Resources Corp. said Monday it has closed an overriding royalty interest (ORRI) transaction with Sixth Street Partners LLC that will result in proceeds of up to $402 million.

June 16, 2020
Coronavirus Fallout, Cooler Weather Pattern Weigh on Natural Gas Futures

Coronavirus Fallout, Cooler Weather Pattern Weigh on Natural Gas Futures

Following last Friday’s sell-off, natural gas futures gave up further ground Monday on modestly cooler weather forecasts and lingering concerns about the coronavirus pandemic and its impact on industrial energy demand. Persistently low liquefied natural gas (LNG) volumes also continued to weigh on markets.

June 16, 2020

The Offtake: LNG in Brief

A roundup of news and commentary from NGI’s LNG Insight

June 16, 2020