methane

Alberta Launches Oil, Natural Gas Methane Reduction Effort Funded by Emissions Penalties

Alberta Launches Oil, Natural Gas Methane Reduction Effort Funded by Emissions Penalties

A methane emissions cleanup drive has begun in Canada’s top oil and gas-producing jurisdiction, with the bills paid by levies imposed on companies that miss provincial carbon reduction targets. The Alberta government announced that the methane control campaign will use C$52 million ($39 million) from a banked waste carbon penalty fund called TIER, short for…

September 29, 2020
Oil, Natural Gas Industry Bracing for Possible Regime Change as Biden Accepts Democratic Nomination

Oil, Natural Gas Industry Bracing for Possible Regime Change as Biden Accepts Democratic Nomination

The oil and gas industry is bracing for a possible November victory by Joseph R. Biden Jr., who is leading in the polls and who officially accepted the Democratic nomination Thursday from Wilmington, DE. Although energy policy has taken a backseat to the Covid-19 pandemic and economic hardship facing Americans, climate change has nonetheless garnered…

August 21, 2020
Industry Applauds as EPA Rescinds Oil, Natural Gas Methane Regulations

Industry Applauds as EPA Rescinds Oil, Natural Gas Methane Regulations

The Trump administration on Thursday validated reports of its intention to roll back Obama-era controls on methane emissions from the oil and gas sector. In a two-part rulemaking, the Environmental Protection Agency (EPA) rescinded the regulations enacted under the 2016 Oil and Natural Gas New Source Performance Standards (NSPS). The NSPS sought to reduce emissions…

August 14, 2020
Mexico Must Modify Oil, Natural Gas Methane Regulations to Curb Emissions, Consultancy Says

Mexico Must Modify Oil, Natural Gas Methane Regulations to Curb Emissions, Consultancy Says

Mexico will struggle to meet its targeted reduction in methane emissions from oil and gas operations if existing regulations are not improved, according to new analysis by Talanza Energy Consulting. Mexico’s oil and gas environmental regulator Agencia de Seguridad, Energía y Ambiente (ASEA), in November 2018 issued a set of guidelines designed to curb emissions…

August 12, 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
U.S. Drops Three Natural Gas Rigs as Upstream Activity Continues Search for Bottom

U.S. Drops Three Natural Gas Rigs as Upstream Activity Continues Search for Bottom

The U.S. natural gas rig count fell three units to 75 as upstream activity continued on its recent downward trajectory during the week ending Friday, the latest Baker Hughes Co. (BKR) data show.

June 19, 2020
Continental Bringing Back Some Curtailed Oil Production in July as Oil Prices Strengthen

Continental Bringing Back Some Curtailed Oil Production in July as Oil Prices Strengthen

After curtailing output by 70% in May in response to a pandemic-driven market downturn, Continental Resources Inc. said Thursday it would bring some production back in July, although about 50% of output is to remain offline.

June 19, 2020
COLUMN: Cenagas Sparks New Market Opportunities in Mexico Natural Gas Through Consulta Pública

COLUMN: Cenagas Sparks New Market Opportunities in Mexico Natural Gas Through Consulta Pública

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process.

June 19, 2020
July Natural Gas Futures Climb Back Into the Green on Increased Heat Outlook

July Natural Gas Futures Climb Back Into the Green on Increased Heat Outlook

After finishing flat a day earlier, Natural gas futures mustered new momentum on Friday, ending the week in positive territory as mid-range forecasts for more heat outshined persistently weak demand for liquefied natural gas (LNG) amid fallout from the coronavirus pandemic.

June 19, 2020
Cooler Near-Term Weather and Coronavirus Impacts Weigh on Weekly Natural Gas Prices

Cooler Near-Term Weather and Coronavirus Impacts Weigh on Weekly Natural Gas Prices

Rains and relatively mild temperatures across much of the eastern half of the Lower 48, along with festering fallout from the coronavirus pandemic, curbed weekly spot gas prices for the June 15-19 period.

June 19, 2020