North America

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,…

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…

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…

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…

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…

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…

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…

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…

NGI has for nearly 40 years now covered the evolution of North American natural gas. From deregulation and the rise of a highly competitive market, to the collapse of Enron Corp. and the dawn of unconventional development, the organization has adapted and pressed ahead to what’s next.