Maintenance

Royal Dutch Shell plc, the undisputed global leader of natural gas trading, reported a shortfall in sales and volumes during the second quarter, but many maintenance-related issues are expected to be resolved within weeks. Shell’s Integrated Gas business, which includes the estimable liquefied natural gas (LNG) arm, long has been a standout performer. However, in…

A roundup of news and commentary from NGI’s LNG Insight Cameron LNG confirmed Thursday that one of its three liquefaction trains is offline for maintenance. Feed gas deliveries declined from about 2 Bcf/d on Sunday to 1.4 Bcf/d on Thursday. A spokesperson said work on the train should be completed by the end of the…

A roundup of news and commentary from NGI’s LNG Insight Maintenance began on all three trains at Cheniere Energy Inc.’s Corpus Christi LNG export terminal on Thursday (4/8) and is scheduled to last until 7 a.m. CT Saturday (4/10), according to a filing with the Texas Commission on Environmental Quality.   U.S. feed gas deliveries dropped…

Though not completely unexpected, natural gas futures cratered Monday as long-range weather outlooks grew even milder. With December on track to come in within the Top 10 warmest on record, the January Nymex gas futures contract settled at $2.406, down 16.9 cents from Friday’s close. February dropped 15.3 cents to $2.433. Spot gas prices also…

After gaining 25 cents in the past three sessions, natural gas futures took a breather Thursday. The November Nymex gas futures contract settled at $3.007, down 1.6 cents day/day. December, however, fell a sharper 7.6 cents to $3.272, and similar declines were seen through the remaining winter contracts. Spot gas prices were mostly higher, but…

Feed gas deliveries to U.S. export facilities have slipped to their lowest point in weeks as maintenance has cut flows to the Sabine Pass and Cameron terminals in Louisiana.

Natural gas deliveries to power plants in the PJM Interconnection have dropped by around 1.3 Bcf/d over the last two weeks due to spring maintenance outages, according to natural gas analytics firm Genscape.

Chesapeake Energy Corp. and Encana Corp. have the highest maintenance capital costs and debt in their peer group, while EOG Resources Inc., Range Resources Corp., and EQT Corp. may be among those best positioned, enabling them more easily to replace forecasted production this year with cash flow, according to IHS Inc.

Shares/units of Kinder Morgan Inc. (KMI) and Kinder Morgan Energy Partners LP (KMP) were dinged Wednesday by a 26-year-old financial analyst in a report that blasted the company for allegedly short-changing maintenance spending in order to support shares/units. Management said such criticisms were raised and put to bed 10 years ago and that it is “one of the most transparent companies in America.”