Dynamic

Natural gas cash prices nationally added on average a nickel in Tuesday’s trading as traders are beginning to see the dynamic of warm weather generating additional power generation requirements from gas-fired plants.

ExxonMobil Corp. on Wednesday announced plans to invest close to $190 billion over the next five years to more than double exploration acreage in proven and emerging oil-rich areas to boost underperforming output and earnings.

Hydrocarbon resources — oil, natural gas and coal — in North America are more than four times the resources existing in the Middle East, and the United States is now the fastest-growing producer of oil and natural gas in the world, according to a new report from the Manhattan Institute for Policy Research.

With new oil and natural gas reserves being developed in ever-deeper waters, capital spending over the next five years for subsea hardware is expected to jump by almost one-quarter compared with the last five years, energy consultant Douglas-Westwood reported on Tuesday.

Strong domestic natural gas supplies are enabling the U.S. chemicals manufacturing sector to gradually improve, according to a report by the American Chemistry Council (ACC).

As gas traders continue to keep a close eye on the coming summer, the mixed-pricing dynamic that was prevalent last week carried over into Monday’s cash market as the East and the Gulf Coast recorded losses while the Midcontinent turned in both pluses and minuses and the West scored mostly gains.

Looking to create more flexibility while balancing the U.S. natural gas supply and demand dynamic, Spectra Energy said last week that it has filed an application with FERC outlining its previously announced plans to significantly expand the capacity of its proposed storage facility located in Copiah County, MS. The company also reported last week that a spin-off company will own Spectra Energy’s East Tennessee and Gulstream systems, along with other assets.

Looking to create more flexibility while balancing the U.S. natural gas supply and demand dynamic, Spectra Energy said Thursday that it has filed an application with FERC outlining its previously announced plans to significantly expand the capacity of its proposed storage facility located in Copiah County, MS.

Former executives of Gryphon Exploration Co. have formed Phoenix Exploration Co. for oil and gas exploration and property acquisition in the Gulf Coast and Gulf of Mexico.