Pipelines

Technical Trading, Tightening Balances Drive Rebound for Natural Gas Futures; KMI Pipe Blast Rocks Western Cash

Technical Trading, Tightening Balances Drive Rebound for Natural Gas Futures; KMI Pipe Blast Rocks Western Cash

A technical bounce fueled by lower wind generation sent natural gas futures higher to start the week. The September Nymex gas futures contract settled Monday at $3.946, up 8.5 cents from Friday’s close. October climbed 8.5 cents to $3.960. Spot gas prices were mixed on Monday, with mostly mild weather across the country. However, big…

August 16, 2021
Natural Gas, CCUS Offer Quickest Path to Low-Carbon Hydrogen in Latin America, IEA Says

Natural Gas, CCUS Offer Quickest Path to Low-Carbon Hydrogen in Latin America, IEA Says

Natural gas and carbon capture, storage and utilization (CCUS) together offer the most feasible near-term path for expanding low-carbon hydrogen production in Latin America, according to new analysis by the International Energy Agency (IEA). Currently, the most prevalent and economically feasible way to produce hydrogen is by splitting it from natural gas without abatement of…

August 16, 2021
Plains, Targa Adding Permian Infrastructure, but Outlook Mixed as E&P Growth Stabilizes

Plains, Targa Adding Permian Infrastructure, but Outlook Mixed as E&P Growth Stabilizes

Drilling activity in the Permian Basin is not as robust as it was before the Covid-19 pandemic upended the oil and natural gas industry, but new and existing pipeline projects have midstream companies ready to capture any incremental growth. Plains All American Pipeline LP management said as commodity price signals increased, exploration and production (E&P)…

August 13, 2021
MDU Resources Sees ‘Multi-Year Opportunities’ from Infrastructure Legislation

MDU Resources Sees ‘Multi-Year Opportunities’ from Infrastructure Legislation

Bismarck, ND-based MDU Resources Group Inc. sees growth in its infrastructure businesses building natural gas pipelines and supplying construction services and materials as the Biden administration’s omnibus infrastructure bill passed the U.S. Senate Tuesday. The Biden administration’s “infrastructure proposals will provide additional multi-year opportunities to some of our core businesses, such as surface transportation improvements,…

August 11, 2021
Black Hills Eyeing More RNG Use Across Utility Operations

Black Hills Eyeing More RNG Use Across Utility Operations

Rapid City, SD-based Black Hills Corp. sees renewable natural gas (RNG) as an eventual sustainable driver for continued earnings and customer growth throughout its eight states of utility operations, CEO Linn Evans said earlier this month. Black Hills is “working pretty aggressively” on RNG, Evans told analysts during the second quarter 2021 earnings call. There…

August 11, 2021
Energy Transfer Says Jump in Gas Prices, Strength in NGL and Refined Products Boost 2Q2021 Results

Energy Transfer Says Jump in Gas Prices, Strength in NGL and Refined Products Boost 2Q2021 Results

U.S. midstream giant Energy Transfer LP said its natural gas storage and pipeline operation along with its natural gas liquids (NGL) business helped drive stronger second quarter 2021 earnings. The Dallas-based company also said a newly operational expansion project is boosting its transports of oil in the current quarter. Energy Transfer, whose pipelines held up…

August 5, 2021
Natural Gas Futures Prices Rise Early on Production Drop, Sustained Heat in Forecast

Natural Gas Futures Prices Rise Early on Production Drop, Sustained Heat in Forecast

Natural gas futures continued to climb early Tuesday as weather models still showed strong heat across the eastern United States next week. A large production decline, though viewed as likely temporary, also contributed to the early gains. The September Nymex gas futures contract was trading at around $3.994, up 5.9 cents, at around 8:45 a.m.…

August 3, 2021
September Natural Gas Prices Back Near $4 as Heat Returns to Forecasts; Permian’s Whistler in Service

September Natural Gas Prices Back Near $4 as Heat Returns to Forecasts; Permian’s Whistler in Service

With the hottest week of the summer just around the corner, natural gas futures rebounded early Monday. The September Nymex gas futures contract was flirting with the $4.000/MMBtu mark again, trading 6.3 cents higher at $3.977 at around 8:45 a.m. ET. Long-range outlooks showed stronger ridging in the eastern United States next week, giving a…

August 2, 2021
U.S. Pipeline Natural Gas Exports to Mexico Hit New Monthly Record in June

U.S. Pipeline Natural Gas Exports to Mexico Hit New Monthly Record in June

Natural gas exports via pipeline from the United States to Mexico recorded a new monthly record in June, the U.S. Energy Information Administration (EIA) said in a note Friday, citing data from Wood Mackenzie. Pipeline exports averaged 6.8 Bcf/d for the month, up 25% from June 2020 and 44% from the previous five-year (2016-2020) monthly…

July 26, 2021
Energy Transfer Exploring LPG Export Project in Panama

Energy Transfer Exploring LPG Export Project in Panama

U.S. midstream giant Energy Transfer LP is looking to expand to new markets with an initial deal to explore a potential liquefied petroleum gas (LPG) development in Panama. The Dallas-based company has signed a memorandum of understanding (MOU) with the Republic of Panama to jointly study the feasibility of the proposed Trans-Panama Gateway Pipeline development. …

July 15, 2021