Tag / aga

Subscribe

aga

Colombia Said Ready to Award Fracturing Pilots in October

Colombia Said Ready to Award Fracturing Pilots in October

Colombia’s National Hydrocarbons Agency (ANH) will award contracts for hydraulic fracturing pilot projects to interested companies by October, according to media reports.

June 16, 2020
IEA Sees Global Oil Demand Far Outpacing Supply, but Not Until 2021

IEA Sees Global Oil Demand Far Outpacing Supply, but Not Until 2021

Although global oil demand is expected to fall by a record 8.1 million b/d in 2020 because of Covid-19, 2021 should be a much different story, the International Energy Agency (IEA) said Tuesday.

June 16, 2020
Natural Gas Futures Continue Downward Spiral on Weak Cash Demand, Uncertain Outlook for Weather, LNG

Natural Gas Futures Continue Downward Spiral on Weak Cash Demand, Uncertain Outlook for Weather, LNG

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 16, 2020
Range Resources Resolves Environmental Charges in Pennsylvania Investigation; Cabot Charged

Range Resources Resolves Environmental Charges in Pennsylvania Investigation; Cabot Charged

Range Resources Corp. on Friday pleaded no contest to charges brought by the Pennsylvania Attorney General’s (AG) Office and a statewide grand jury as part of a two-year criminal investigation into unconventional oil and natural gas development.

June 16, 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
Global Midstream Sector Outlook Downgraded by Moody’s

Global Midstream Sector Outlook Downgraded by Moody’s

Moody’s Investors Service for the first time lowered its global oil and gas midstream rating to negative as the broader energy sector grapples with simultaneous demand and supply shocks.

June 15, 2020
Black Stone, XTO Look to Build Haynesville Output in East Texas

Black Stone, XTO Look to Build Haynesville Output in East Texas

Houston-based Black Stone Minerals LP has clinched an incentive agreement with ExxonMobil’s XTO Energy Inc. to turn some wells online within a section of the Haynesville Shale in East Texas.

June 15, 2020
Lingering Inventory Concerns, New Weather Worries Send Natural Gas Futures Lower

Lingering Inventory Concerns, New Weather Worries Send Natural Gas Futures Lower

Natural gas futures tumbled Friday as markets absorbed forecasts for cooler weather, concerns about bloated inventories and declining liquefied natural gas (LNG) volumes. The July Nymex contract settled at $1.731/MMBtu, down 8.2 cents day/day. August fell 8.5 cents to $1.815.

June 15, 2020
LNG Imports Down in Latin America from March-May; Reasons Vary by Country

LNG Imports Down in Latin America from March-May; Reasons Vary by Country

Latin American liquefied natural gas (LNG) imports have dropped significantly since March from the same period last year, but it is unclear to what extent the Covid-19 pandemic has contributed to the decline.

June 15, 2020
Third Straight Natural Gas, Oil Production Downturn Expected in July from Key Lower 48 Plays

Third Straight Natural Gas, Oil Production Downturn Expected in July from Key Lower 48 Plays

For what would be a third straight month, oil and natural gas production from seven of the nation’s most prolific onshore unconventional plays will be down in July compared to June, the Energy Information Administration (EIA) said Monday.

June 15, 2020