A new oil futures contract is coming to the Gulf Coast. Magellan Midstream Partners L.P., Enterprise Products Partners LP and Intercontinental Exchange Inc. (ICE) said Monday they would partner to create a contract for the physical delivery of crude in the Houston area. The companies said the Midland WTI American Gulf Coast contract (ICE: HOU)…
Articles from Contract
Venture Global Selects KBR to Lead Construction on Phase One of Plaquemines LNG
Venture Global LNG Inc. has selected KBR Inc. to lead the first phase of construction for its Plaquemines liquefied natural gas (LNG) export project in a surprise announcement just months after KBR said it would exit the energy business. Venture Global said as the engineering, procurement and construction (EPC) contractor KBR would “integrate highly modularized,…
CME Launching Physical LNG Futures Contract Ahead of Winter
Liquefied natural gas (LNG) buyers beginning in October will be able to purchase physical volumes of the super-chilled fuel through CME Group’s new LNG futures contract, the company said Wednesday.
August Natural Gas Called Higher as Forecasts Steady, Production Retreats
The August natural gas futures contract was set to open Wednesday about 2.3 cents higher at around $2.755/MMBtu, building on the prior day’s modest gains as forecasters noted little change to the weather outlook overnight.
TransCanada Secures More Construction Contracts for Coastal GasLink to LNG Project
New pipeline construction contracts for northern native-owned firms have accelerated preparations for a quick start on building a long-awaited liquefied natural gas (LNG) export terminal on the Pacific coast of British Columbia (BC).
July Natural Gas Gains Overnight as European Model Shows Hotter in East
The expiring July natural gas contract was set to open Wednesday about 4.8 cents higher at around $2.987/MMBtu as overnight guidance was mixed but with one of the major weather models showing greater cooling demand over the eastern and central United States next month.
Anadarko’s Mozambique LNG SPAs Progress, But No FID Yet
Anadarko Petroleum Corp. continues to progress its proposed natural gas export project in Mozambique and expects to wrap up sales and purchase agreements (SPA) this year, company executives said Wednesday.
Pemex Readies Oil & Gas Farmout Offensive; Posts Positive 1Q2018 Earnings
In what will be the largest auction of its type, Mexico’s state-owned oil company Petroleos Mexicanos (Pemex) is to offer seven farm-out license contracts in southeastern Mexico, the industry regulator, the National Hydrocarbons Commission (CNH) agreed Thursday.
Lewis Energy Snags Pemex OFS Contract for Burgos Unconventional Natural Gas Project
San Antonio, TX-based Lewis Energy Group has inked an oilfield services (OFS) contract to evaluate and develop an unconventional natural gas project owned by Petroleos Mexicanos (Pemex) in northeast Mexico.
NGI The Weekly Gas Market Report
Mexico Awards Oil, NatGas PSA Marketing Contracts to Trafigura, CFEnergia
Mexico’s upstream regulator has awarded oil and natural gasmarketing services contracts to Trafigura Group Pte Ltd. and CFEnergia.