Tag / aga

Subscribe

aga

Weak Natural Gas Cash Prices Bleed into Forward Curves; Weather Seen Key to Near-Term Direction

Weak Natural Gas Cash Prices Bleed into Forward Curves; Weather Seen Key to Near-Term Direction

With much of the supply/demand background fairly stable, weak natural gas cash pricing drove a deep dive lower for forward markets during the June 11-17 period, NGI’s Forward Look data show. Double-digit decreases extended across North America through the rest of summer, though smaller losses were seen further out the curve.

June 18, 2020
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
Matador Brings Five Permian Delaware Wells Online, with 18 Wells and Gas Processing Slated for Q3 Completion

Matador Brings Five Permian Delaware Wells Online, with 18 Wells and Gas Processing Slated for Q3 Completion

Matador Resources Co. said Thursday it has brought five horizontal wells in the Permian Basin’s Delaware sub-basin into production, and it plans to bring 18 more wells and a natural gas processing plant online in the third quarter.

June 18, 2020
Natural Gas Futures Flat Following On-Target Storage Build, Ongoing Coronavirus Fallout

Natural Gas Futures Flat Following On-Target Storage Build, Ongoing Coronavirus Fallout

Natural gas futures traded in a narrow range of gains and losses Thursday and ultimately finished flat after traders absorbed a relatively bullish storage report that offset weather and demand uncertainty. The July Nymex contract settled at $1.638/MMBtu. August rose one-tenth of cent to $1.728.

June 18, 2020
California’s San Luis Obispo Policy of All-Electric Seen as Knock to Natural Gas

California’s San Luis Obispo Policy of All-Electric Seen as Knock to Natural Gas

Following a growing trend, the city council in San Luis Obispo along California’s central coast on Tuesday established a policy calling for all-electric new buildings that would take effect Sept. 1.

June 18, 2020
Appalachia’s Equitrans Completes Takeover of EQM Midstream

Appalachia’s Equitrans Completes Takeover of EQM Midstream

EQM Midstream Partners LP is now a subsidiary of Equitrans Midstream Corp. after the two companies completed a merger on Wednesday that was set into motion two years ago.

June 18, 2020
Houston Nabs Greentown Hub as U.S. Energy Capital Accelerates Transition from Fossil Fuels

Houston Nabs Greentown Hub as U.S. Energy Capital Accelerates Transition from Fossil Fuels

Boston-based Greentown Labs, a “climate tech” start-up incubator, plans to open its second location next spring in the U.S. oil and gas capital of Houston, as city leaders move to transition from fossil fuels.

June 18, 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