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.

September 4, 2019

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.

July 25, 2018

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).

June 28, 2018

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.

June 27, 2018

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.

May 3, 2018

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.

April 30, 2018
Lewis Energy Snags Pemex OFS Contract for Burgos Unconventional Natural Gas Project

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.

March 29, 2018
Mexico Awards Oil, NatGas PSA Marketing Contracts to Trafigura, CFEnergia

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.

December 28, 2017

Short Covering Expected To Lift Expiring October Contract

The expiring October natural gas contract is set to open 2 cents higher Wednesday morning at $2.94 as traders factor in still warmer near-term temperatures and likely expiration day short-covering. Overnight oil markets were mixed.

September 27, 2017

Brief — Targa Permian Contract

KP Engineering LP(KPE) has been awarded a contract valued in excess of $100 million by Targa Pipeline Mid-Continent WestTex LLC, a subsidiary of Targa Resources Corp., to provide engineering, procurement and construction for a 200 MMcf/d natural gas cryogenic processing facility in the Permian Basin of West Texas. The facility, to be built near Midkiff, is to include a 5,000 b/d condensate stabilizer, low-pressure compression, intermediate compression, custody transfer metering, slug catchers and a control system for processing raw gas by extracting natural gas liquids and removing impurities.

August 24, 2017
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