natural gas

Williams, Chesapeake Clinch Natural Gas Gathering Pact for Eagle Ford, Haynesville, Marcellus and Midcontinent

Williams, Chesapeake Clinch Natural Gas Gathering Pact for Eagle Ford, Haynesville, Marcellus and Midcontinent

Tulsa-based Williams has reached a global resolution with one of its biggest customers, bankrupt Chesapeake Energy Corp., to continue to treat and move its natural gas in the Lower 48. Chesapeake filed for Chapter 11 bankruptcy protection in June to wipe out $7 billion of debt. As part of the auction process, Chesapeake last week…

November 23, 2020
LNG Recap: Global Natural Gas Prices Gaining Momentum After Last Week’s Steep Declines

LNG Recap: Global Natural Gas Prices Gaining Momentum After Last Week’s Steep Declines

Global natural gas prices fell across the board last week, weighed down by warmer weather in Europe and North America, along with continued measures to battle the coronavirus that have cut demand. January Japan Korea Marker (JKM) futures slid  to $6.375/MMBtu on Friday, finishing well below the $7.00 mark near where the contract has been…

November 23, 2020
Natural Gas Futures Claw Out Gains to Finish Week; Spot Prices Rise

Natural Gas Futures Claw Out Gains to Finish Week; Spot Prices Rise

Production levels held strong and weather worries persisted But LNG volumes held steady to prop up demand Spot prices rebounded after three days of losses Despite strong production levels and festering weather worries, natural gas futures recovered some ground on Friday, as traders saw a buying opportunity after the prompt month shed 12 cents a…

November 23, 2020
New Mexico Oil, Natural Gas Methane Controls Lack Oversight for Low-Producing Wells, Says EDF

New Mexico Oil, Natural Gas Methane Controls Lack Oversight for Low-Producing Wells, Says EDF

Draft regulations in New Mexico to limit methane emissions from the oil and gas sector must be strengthened by removing loopholes for low-producing wells, according to an analysis by the Environmental Defense Fund (EDF). The proposed rules were unveiled in July by the New Mexico Environmental Department (NMED) and Energy, Minerals and Natural Resources Department…

November 23, 2020
December Natural Gas Futures Bounce Back, Finish Week in the Green

December Natural Gas Futures Bounce Back, Finish Week in the Green

Despite strong production levels and festering weather worries, natural gas futures recovered some ground on Friday, as traders saw a buying opportunity after the prompt month shed 12 cents a day earlier and reached its lowest level of the fall months. Futures have in November struggled to maintain momentum amid forecasts for unseasonably warm weather,…

November 20, 2020
MPL to Source U.S. Gas for Potential Second LNG Project on Mexico’s Pacific Coast

MPL to Source U.S. Gas for Potential Second LNG Project on Mexico’s Pacific Coast

Mexico’s Pacific Coast could see more than one natural gas export project being developed in the coming years as Asian markets increase their appetite for imports of cheap and reliable U.S. gas via the shortest transport route possible. Mexico Pacific Limited LLC’s (MPL) CEO Doug Shanda thinks his company’s liquefied natural gas (LNG) export project…

November 20, 2020
Window to Develop Mexico Oil & Gas is Now, CNH Commissioner Says

Window to Develop Mexico Oil & Gas is Now, CNH Commissioner Says

“I think that we still have a window of time to explore and develop our natural riches, but we need to do so now,” said Sergio Pimentel, Commissioner at Mexico’s Comisión Nacional de Hidrocarburos (CNH). “If not, we are leaving these resources in the ground and could be depriving future generations of Mexican citizens of…

November 20, 2020
December Natural Gas Futures Drop After Bearish Storage Injection Punctuates Weather Worries

December Natural Gas Futures Drop After Bearish Storage Injection Punctuates Weather Worries

A higher-than-expected storage injection weighed down futures Weak weather-driven demand persisted for another session LNG volumes held strong, but so too did production Weak weather-driven demand and a higher-than-expected storage injection weighed down natural gas futures on Thursday. The December Nymex contract shed 12.0 cents day/day and settled at $2.592/MMBtu. January fell 11.8 cents to…

November 20, 2020
Canada Regulator Approves Expansion of TC Energy’s NGTL Natural Gas Pipeline System

Canada Regulator Approves Expansion of TC Energy’s NGTL Natural Gas Pipeline System

Growing natural gas use by power generation and industrial plants is behind a C$509 million ($382 million) capacity expansion approved Thursday for TC Energy Corp.’s Nova Gas Transmission Ltd. (NGTL) network in Alberta and British Columbia. Delivery contracts for about 310 MMcf/d support the addition of 85 kilometers (51 miles) of 48-inch-diameter pipe, a project…

November 20, 2020
MPL Sees ‘Commercial Momentum’ for Second LNG Project on Mexico’s Pacific Coast

MPL Sees ‘Commercial Momentum’ for Second LNG Project on Mexico’s Pacific Coast

Mexico’s Pacific Coast could see more than one natural gas export project being developed in the coming years as Asian markets increase their appetite for imports of cheap and reliable U.S. gas via the shortest transport route possible. Mexico Pacific Limited LLC’s (MPL) CEO Doug Shanda thinks his company’s liquefied natural gas (LNG) export project…

November 19, 2020