While liquefied natural gas (LNG) has been a bit of a road hog lately, the advancements for compressed natural gas (CNG) keep coming too, albeit a little more quietly.
Articles from Quietly
Oil prices above $75/bbl and increased need for carbon capture programs are quietly converging as a possible long-term boost for the increased use of enhanced oil recovery (EOR), according to industry sources working to drive commercial-scale projects with the help of the U.S. Department of Energy (DOE) and selected state initiatives.
During a week that saw swings of 20 cents — higher on Monday and lower on Wednesday — February natural gas futures on Friday ended up closing quietly at $4.422, down 1.2 cents from Thursday’s finish but 1.7 cents higher than the previous week’s close.
The November natural gas futures contract started its reign much like the October contract finished its own on Tuesday — quietly, but with a small uptick. The newly minted prompt-month contract traded between $3.903 and $3.980 before closing out the regular session Wednesday at $3.962, up 1.1 cents from Tuesday’s close.
Natural gas producers have no shortage of fresh, large drilling targets as exploration campaigns quietly spread out on a new eastern industry frontier, says a new report by the Geological Survey of Canada (GSC).