Contracts

ICE Reports Steep Gains in Trading of Worldwide Natural Gas Contracts

ICE Reports Steep Gains in Trading of Worldwide Natural Gas Contracts

The Intercontinental Exchange (ICE) said Wednesday that it continues to see record levels of open interest across its Asian, European and North American natural gas benchmarks as worldwide trade of the fuel has liberalized.

May 20, 2020
COLUMN: An Explanation of Shipping, LNG’s Pipeline on Water

COLUMN: An Explanation of Shipping, LNG’s Pipeline on Water

You need some serious tonnage to move vast quantities of super-chilled natural gas from one continent to another. The massive ships used to transport liquefied natural gas (LNG) add another element to the export trade that can’t be overlooked for those who want to better understand the market.

May 1, 2020
Global LNG Production Remains Resilient Despite Coronavirus, Falling Prices

Global LNG Production Remains Resilient Despite Coronavirus, Falling Prices

Despite prices that have cratered since last year and a steep cut in demand caused by the Covid-19 pandemic, global liquefied natural gas (LNG) supplies remain resilient and cargoes are still being delivered.

April 21, 2020
Asia Utilities Renegotiating Long-Term LNG Contracts for Flexibility

Asia Utilities Renegotiating Long-Term LNG Contracts for Flexibility

Tokyo Gas, Japan’s largest natural gas utility, is joining like-minded gas importers and plans to renegotiate long-term liquefied natural gas (LNG) contracts to remove restrictive destination clauses and increase flexibility.

October 1, 2019

ICE, Magellan Launch Dock Capacity Auction for Permian WTI Futures

Intercontinental Exchange Inc. (ICE) and Magellan Midstream Partners LP are adding dock capacity auctions for ICE Permian WTI crude oil futures contracts to facilitate exports out of the Houston area, the companies announced Wednesday.

August 15, 2019

GE Unit to Supply Export Compression Trains for Cove Point LNG

General Electric unit GE Oil & Gas Wednesday said it has been awarded contracts to supply natural gas compression trains for Dominion Cove Point’s liquefaction project in Lusby, MD, which would give the existing import terminal export capability.

April 19, 2013

Pemex to Pay $350M for New Offshore Rigs

Mexico’s Petroleos Mexicanos’ (Pemex) exploration and production (E&P) unit has awarded contracts with a total value of more than $350 million to Empeiria Acquisition Corp. and subsidiary Integrated Drilling Equipment Co. Holdings (IDE) to build four 3000HP AC modular platform rigs, Houston-based Empeiria said Monday.

April 2, 2013

Cash Eases, But Futures Rise After Storage Data

Cash gas prices fell 8 cents on average Thursday as traders noted a decline in forward-dated contracts and the ongoing sequence of forecast cold weather ended for the moment. Power prices also eased.

March 1, 2013

Colorado’s New Distant Drilling Setbacks Could Have Economic Impact

Over some industry opposition, the Colorado Oil and Gas Conservation Commission (COGCC) Monday approved final setback requirements for oil and natural gas wells. Industry representatives criticized the action as “going too far,” and potentially hurting the state’s economy.

February 12, 2013

Range’s Mississippian Program Accelerates on Early Well Results

Range Resources Corp.’s planned five-rig drilling program for 2013 in the Mississippian Lime, which was scheduled to start up early next year, already is under way based on encouraging results from a crop of wells in the Nemaha Ridge area, the company said Thursday.

November 30, 2012
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