data centers

Energy Lenders Predicting Natural Gas Price Recovery in 2025

Energy Lenders Predicting Natural Gas Price Recovery in 2025

Banks that lend to the oil and gas industry expect natural gas prices to recover from recent historic lows and reach the $3/MMBtu mark by 2025, according to new research by Haynes and Boone LLP. The law firm surveys bankers twice a year about their current oil and natural gas price decks, which are used…

May 22, 2024
Haynesville Activity ‘Soft’ as Permian Associated Natural Gas Supply Competes, Says Patterson-UTI CEO

Haynesville Activity ‘Soft’ as Permian Associated Natural Gas Supply Competes, Says Patterson-UTI CEO

Mergers by exploration customers and low natural gas prices continue to be a headwind in the Lower 48 for the oilfield services sector, but impacts may begin to ease later this year, according to completions expert Patterson-UTI Energy Inc.  U.S. land activity “continues to be cautious and reflects slightly lower activity than we saw to…

May 21, 2024
How Much Natural Gas Could Data Centers Consume? – Listen Now to NGI’s Hub & Flow

How Much Natural Gas Could Data Centers Consume? – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub and Flow, as Enverus senior energy transition analyst Carson Kearl joins NGI’s Carolyn Davis, managing editor of News, to break through the hype about power generation needs as more hyperscale data centers come online. A race is underway by big and small operators as…

May 21, 2024
Enbridge Touts Natural Gas Projects Adding Permian Egress and Supporting LNG, Data Center Demand  

Enbridge Touts Natural Gas Projects Adding Permian Egress and Supporting LNG, Data Center Demand  

Enbridge Inc. management touted a plethora of projects strategically focused on LNG exports and natural gas that are expanding and optimizing the Calgary-based midstream giants’ operations.  CEO Greg Ebel recently held an earnings call and reviewed the company’s first quarter results.  With “sustainability at the core, Enbridge is “committed to meeting the needs of our…

May 16, 2024
‘Unprecedented Surge’ in U.S. Power Demand Requires Transmission Overhaul, Says FERC Chair

‘Unprecedented Surge’ in U.S. Power Demand Requires Transmission Overhaul, Says FERC Chair

FERC acted to revamp the entire U.S. transmission grid to prepare for extreme climate threats and face the challenge of growing power demand – including for natural gas-fired generation – via a rulemaking that outlines how to plan and pay for facilities. Still to come are the legal battles. The Federal Energy Regulatory Commission on…

May 16, 2024
Sempra Doubling LNG Export Capacity Ahead of Forecast Demand Surge

Sempra Doubling LNG Export Capacity Ahead of Forecast Demand Surge

Sempra is betting on substantial growth in global LNG demand over the coming years despite regulatory uncertainty over the future of U.S. exports, management said. CEO Jeffrey Martin hosted a conference call to discuss first quarter 2024 earnings for the San Diego, CA-based energy firm. Through its Sempra Infrastructure unit, the company has nearly 40…

May 10, 2024
TC Energy Nears Commercial Start-Up of Coastal GasLink, Advances Southeast Gateway Offshore Pipeline

TC Energy Nears Commercial Start-Up of Coastal GasLink, Advances Southeast Gateway Offshore Pipeline

TC Energy Corp. has completed the northern portion of its Southeast Gateway and is moving to start commercial operations of its Coastal GasLink (CGL) supplying feed gas to LNG Canada. Management for the Calgary-based pipeline giant provided updates on major projects during a first quarter earnings call. In Mexico, TC has installed more than 70%…

May 9, 2024
Data Center Natural Gas Opportunities? Bring It, Says EnLink CEO

Data Center Natural Gas Opportunities? Bring It, Says EnLink CEO

Dallas-based EnLink Midstream LLC, whose natural gas transport options extend from the Permian Basin to Louisiana, is looking to the “longer-term setup” for incremental demand growth, including the potential to power artificial intelligence (AI) data center growth, CEO Jesse Arenivas said. He discussed first quarter performance during a recent conference call and highlighted how the…

May 6, 2024
NOV Innovating, Expanding Digital Offerings to Meet ‘Evolving Needs’ of E&P Customers

NOV Innovating, Expanding Digital Offerings to Meet ‘Evolving Needs’ of E&P Customers

International land and offshore markets are driving near-term demand for NOV Inc.’s oilfield equipment, but digital and performance technologies are also in the pipeline, as exploration customers look for improved efficiencies, according to CEO Clay Williams. During the recent first quarter conference call, Williams laid out expectations for the near term. North American activity isn’t…

May 3, 2024
EQT Plans MVP Expansion to Serve Data Center Boom in Southeast

EQT Plans MVP Expansion to Serve Data Center Boom in Southeast

EQT Corp. said it would continue cutting 1 Bcf/d of production as U.S. natural gas prices remain near four-year lows, but management anticipates strong power generation demand in the coming years that has it planning an expansion of the Mountain Valley Pipeline (MVP). After a seven-year battle and a congressional mandate rescued the system from…

April 24, 2024
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