North America

Mexico’s CFEi Reports 7% Rise in First Quarter Marketed Natural Gas Volumes

Mexico’s CFEi Reports 7% Rise in First Quarter Marketed Natural Gas Volumes

Mexico’s CFE International LLC (CFEi) reported a 7% year/year increase in natural gas sales transactions during the first quarter, according to NGI’s Top North American Natural Gas Marketers ranking. CFEi, a fuel procurement and marketing arm of state-owned power utility Comisión Federal de Electricidad (CFE), transacted 3.54 Bcf/d of gas in the first quarter, up…

June 21, 2022
TC Energy Moving to Capture More North American Natural Gas and Alternative Energy Opportunities

TC Energy Moving to Capture More North American Natural Gas and Alternative Energy Opportunities

TC Energy Corp. is advancing $24 billion of commercially secured projects – mostly for natural gas capacity – as it charts a path to be the top energy infrastructure company in North America, “now and in the future,” said CEO François Poirier. TC, which reports in Canadian dollars (C$1.00/U.S. 79 cents), has nearly $18.2 billion…

February 16, 2022
Mixed Results For North American Natural Gas Marketers in 3Q2021, NGI Ranking Shows

Mixed Results For North American Natural Gas Marketers in 3Q2021, NGI Ranking Shows

Even as demand and prices soared, leading North American natural gas marketers posted uneven results and lower collective sales volumes for the third quarter.  The downward slide continued a trend dating to production curtailments imposed by the coronavirus pandemic in 2020, according to NGI’s quarterly tally. Several marketers reported robust gains in the quarter, however,…

December 10, 2021
Markets ‘Very Nervous’ About Winter Natural Gas Price Surge

Markets ‘Very Nervous’ About Winter Natural Gas Price Surge

Colder than normal temperatures could trigger extreme upside volatility for natural gas prices this winter, according to industry experts. In a webinar Tuesday hosted by Refinitiv and NGI, a panel of experts said numerous factors have converged to create a far tighter market than what is normally seen at this time of year. “I traded…

September 22, 2021
‘Return of North American LNG FIDs’ Seen in 2022 — LNG Spotlight

‘Return of North American LNG FIDs’ Seen in 2022 — LNG Spotlight

The environment for North American liquefied natural gas (LNG) final investment decisions is looking brighter in 2022, with buyer interest in long-term contracts on the rise amid record-high spot prices. While the Covid-19 pandemic caused global demand to soften and resulted in project delays in 2020 and 2021, a handful of North American projects are…

September 17, 2021
North American Energy Bankruptcies Plummet in First Six Months as E&P, OFS and Midstream Sectors Recover

North American Energy Bankruptcies Plummet in First Six Months as E&P, OFS and Midstream Sectors Recover

The plethora of bankruptcies that engulfed the North American oil and gas sector as Covid-19 stripped demand has begun to subside, according to Haynes and Boone LLP. The law firm since 2015 has monitored the North American oil patch, oilfield services (OFS) and midstream sectors to tally bankruptcies. A dozen exploration and production (E&P) producers…

August 13, 2021
Bitcoin Mining Digging for E&P’s Natural Gas Gold in Lower 48

Bitcoin Mining Digging for E&P’s Natural Gas Gold in Lower 48

A symbiotic relationship is burgeoning in North America between oil and natural gas producers and miners of the cryptocurrency Bitcoin. Both groups are seeking to capitalize on immense volumes of excess and/or stranded natural gas flared off or shut in by a lack of infrastructure. Bitcoin mining offers a new outlet for this gas at…

June 25, 2021
BP, Top Natural Gas Marketers Lose Ground in 1Q2021, but High Prices, Demand Forecast to Turn Tide

BP, Top Natural Gas Marketers Lose Ground in 1Q2021, but High Prices, Demand Forecast to Turn Tide

Leading natural gas marketers collectively lost ground with sales volumes in 1Q2021, continuing a two-year trend of year/year declines, according to NGI’s Top North American Natural Gas Marketers rankings. The 25 gas marketers included in NGI‘s latest quarterly assessment reported combined sales transactions of 126.06 Bcf/d for the first quarter. The 23 covered companies with…

June 18, 2021
NOV Forecasting Oilfield Business Rebound as E&P Customers Get Back to Work, Restock Equipment

NOV Forecasting Oilfield Business Rebound as E&P Customers Get Back to Work, Restock Equipment

Houston-based NOV Inc. faced challenging conditions for its rig equipment and technology in the first quarter, but as activity in North America and overseas improves, business should improve going forward, CEO Clay Williams said Wednesday. Williams, who held court to discuss the first quarter during an hour-long conference call, said the latest results reflected the…

April 28, 2021
North American Energy Integration Promotes Efficiency, Higher Standards of Living, Says Yergin

North American Energy Integration Promotes Efficiency, Higher Standards of Living, Says Yergin

Mexico, the United States and Canada have benefitted from the energy integration of North America through greater energy security and improved standards of living, according to IHS Markit Vice Chairman Daniel Yergin. Speaking Tuesday at the La Convención Nacional Petrolera virtual conference organized by Mexican oil and gas association Asociación Mexicana de Empresas de Hidrocarburos…

April 27, 2021
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