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Protests Fail to Derail Shell’s Annual Meeting with Shareholders Strongly Supporting Energy Transition

Protests Fail to Derail Shell’s Annual Meeting with Shareholders Strongly Supporting Energy Transition

Shell plc’s energy transition strategy got a thumb’s up Tuesday from shareholders during an annual general meeting that was disrupted for hours by protestors. During a live feed of the proceedings in London, demonstrators shouted insults and sang protest songs, which led Chairman Andrew Mackenzie to formally delay the event. Before police arrived, some protestors…

May 24, 2022
Natural Gas Drilling Picks Up in U.S. as Activity Climbs Onshore and in GOM

Natural Gas Drilling Picks Up in U.S. as Activity Climbs Onshore and in GOM

The U.S. natural gas rig count rose two units to 102 for the week ended Friday (Nov. 12) as gains both on land and offshore headlined continued gains in domestic drilling activity for the period, the latest Baker Hughes Co. (BKR) data show. Four oil-directed rigs were also added in the United States for the…

November 12, 2021
Rig Count Rises Once Again on Growth in Permian, Oil Patch

Rig Count Rises Once Again on Growth in Permian, Oil Patch

The U.S. rig count continued to nudge higher during the week ending Friday (Feb. 12), adding five units to end at 397 on growth in oil-directed drilling, according to the latest figures from Baker Hughes Co. (BKR). A seven-rig increase in oil-directed drilling offset a two-rig decline in natural gas-directed rigs, leaving the combined domestic…

February 12, 2021
Supermajor-Led Operators Looking to Squeeze More Carbon from Global Natural Gas, Oil Operations

Supermajor-Led Operators Looking to Squeeze More Carbon from Global Natural Gas, Oil Operations

The world’s leading natural gas and oil producers on Thursday set an even bigger target to reduce more carbon from their upstream operations over the next five years. The Oil and Gas Climate Initiative (OGCI), led by the CEOs of the largest producers in the world, said the higher targets to lower the carbon dioxide…

July 16, 2020
Latin American Oil, Natural Gas Companies Said Slashing Capex 30% in 2020

Latin American Oil, Natural Gas Companies Said Slashing Capex 30% in 2020

Latin America oil and natural gas companies will cut close to $8.3 billion in capital expenditures (capex) in 2020, or about 30% from original guidance for the year, according to Moody’s Investors Service. Brazilian national oil firm Petróleo Brasileiro SA, or Petrobras, Colombian state firm Ecopetrol SA and Mexico’s national oil company Petroleos Mexicanos (Pemex)…

July 15, 2020
Mexico’s Energy Ministry Gives Talos, Pemex 120 Days to Hammer Out Details on Offshore Zama Field

Mexico’s Energy Ministry Gives Talos, Pemex 120 Days to Hammer Out Details on Offshore Zama Field

Mexico’s Energy Ministry (Sener) has ordered the unification of the Zama discovery offshore Mexico and has given Houston-based exploration and production company Talos Energy Inc. and Mexican state company Petróleos Mexicanos (Pemex) 120 days to come up with terms of how to carry out joint development of the field. In May, Mexico upstream regulator Comisión…

July 9, 2020
Natural Gas Futures Break Even After In-Line Storage Injection

Natural Gas Futures Break Even After In-Line Storage Injection

Natural gas futures traded in a narrow range of gains and losses Thursday and ultimately finished flat after traders absorbed a relatively bullish storage report that offset weather and demand uncertainty. The July Nymex contract settled at $1.638/MMBtu. August rose one-tenth of cent to $1.728.

June 19, 2020

The Offtake: LNG in Brief

A roundup of news and commentary from NGI’s LNG Insight

June 19, 2020
ACP Seeks FERC Extension; MVP’s Southgate Project Approved

ACP Seeks FERC Extension; MVP’s Southgate Project Approved

The Atlantic Coast Pipeline (ACP) project has asked FERC for a two-year extension to build and place the 1.5 Bcf/d system online, citing the legal and regulatory delays it has faced.

June 19, 2020
Higher Canadian Natural Gas Prices Seen Limiting Exports to Western U.S.

Higher Canadian Natural Gas Prices Seen Limiting Exports to Western U.S.

Imports of Canadian natural gas supplies through the western United States were subdued in April and May amid higher prices north of the border, according to the U.S. Energy Information Administration (EIA).

June 19, 2020
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