power

Texas should have enough installed generating capacity to serve peak energy demand through the winter, according to the electric grid operator that serves most of the state. The Electric Reliability Council of Texas (ERCOT) on Wednesday issued its final seasonal assessment for this fall and the preliminary forecast for the winter season, extending from December…

Louisiana still had more than 200,000 customers awaiting power restoration Thursday, while substantial Gulf of Mexico natural gas and oil remained shut-in, one week after Hurricane Laura stormed ashore. Based on reports from 31 offshore operators, 420 MMcf/d, or 15.50% of the gas produced pre-storm remained shut-in. There also was 16.27%, or 301,077 bbl offline.…

Natural gas and oil production is coming back online in the Gulf of Mexico post-Hurricane Laura, but overall output remained down by around 20%, the Bureau of Safety and Environmental Enforcement said Wednesday. Based on reports submitted by 32 operators as of 11:30 a.m. CT, about 19.65% of the natural gas, or 532.55 MMcf/d was…

A roundup of news and commentary from NGI’s LNG Insight Feed gas deliveries to Sabine Pass and Cameron LNG terminals were still near zero after Hurricane Laura, dragging down prompt U.S. gas prices as restart timelines remained unclear. “The main issue at this point is the timeframe for restoring power” at the terminals, said EBW…

Covid-19 continued to substantially impact domestic production in June, although consumption reached a record high, driven largely by increased gas use in the power sector, the EIA report said. Dry gas production saw its second consecutive y/y decline, with preliminary data showing output of 88.3 Bcf/d, down 3.1% from June 2019. However, the average daily…

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. Prud’homme was central to the development of Cenagas, the nation’s natural gas pipeline operator, an entity formed in 2015 as part of…

After pushing above $2.40/MMBtu, natural gas futures steadied a bit Wednesday as traders looked ahead to the newest government storage data for further direction. The September Nymex gas futures contract settled at $2.426, up nine-tenths of a cent from Tuesday’s close. October nudged 0.007 cents higher to $2.563. Spot gas prices were mixed as the…

NRG Energy Inc. on Friday said it has a definitive agreement to acquire Direct Energy, a leading North American natural gas retailer and subsidiary of Centrica plc, in a $3.625 billion, all-cash transaction. Direct Energy operates in all 50 states and six Canadian provinces, supplying natural gas, electricity, and home and business energy-related products and…

Duke Energy Progress, a Duke Energy Corp. subsidiary, said its natural gas-fired Asheville Combined Cycle Station in Arden, NC, is online and producing 560 MW for customers across the Carolinas.  The $817 million natural gas station consists of two 280 MW power blocks, four generators and more than 18,000 components. The first power block became…