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Spanish Natural Gas Prices Hit Record as Competition for LNG Cargoes Heats Up

Spanish Natural Gas Prices Hit Record as Competition for LNG Cargoes Heats Up

Global natural gas prices continued a relentless move higher on Friday, as spot prices in Spain shattered records and all-time highs in the northern Asia market showed no signs of slowing amid a cold snap and supply crunch supporting the bullish run.  In Spain, a major gas-consuming country that hosts more liquefied natural gas (LNG)…

January 8, 2021

Asia Natural Gas Benchmark Sets Record — The Offtake

A roundup of news and commentary from NGI’s LNG Insight Trafigura Group Pte. Ltd. purchased an LNG cargo from Gunvor Group Ltd. for $20.80/MMBtu for early February delivery to Incheon, South Korea, which set a record for Japan Korea Marker (JKM) prices, according to Bloomberg.  Sky-high JKM prices are pulling cargoes away from Europe, where…

January 5, 2021
U.S. LNG Exports Sail to Record Levels in November, Says EIA

U.S. LNG Exports Sail to Record Levels in November, Says EIA

After sinking to their lowest levels in more than two years over the summer, U.S. liquefied natural gas exports surged to a record high in November, according to the Energy Information Administration (EIA). The agency said U.S. LNG exports reached 9.4 Bcf/d last month, surpassing the previous record set in January on strong global demand…

December 16, 2020
Saudi Aramco Reports Increasing Natural Gas Output, with Earnings Climbing in 3Q

Saudi Aramco Reports Increasing Natural Gas Output, with Earnings Climbing in 3Q

Saudi Arabia Oil Co., aka Aramco, achieved record natural gas production of 10.7 Bcf/d on one day in early August from conventional and unconventional fields, management said Wednesday. The recordbreaking figure was set on Aug. 6, executives said during a third quarter conference call. There also are hints of improving demand for oil and gas.…

November 5, 2020
Estimates Show Ohio Oil Production Shattered 19th Century Record Last Year

Estimates Show Ohio Oil Production Shattered 19th Century Record Last Year

Oil production in Ohio last year likely surpassed the state’s all-time record set in 1896 if estimates included in the Ohio Oil and Gas Association’s (OOGA) annual Debrosse Memorial Report prove accurate.

March 18, 2020

U.S. Gulf of Mexico Gaining Momentum, with Oil Output Toppling Record

Oil production in the U.S. Gulf of Mexico last August exceeded 2 million b/d for the first time in history, as the once mighty energy region regained some of its swag.

January 8, 2020
Domestic Crude Output in 2018 Highest in U.S. History, Says EIA

Domestic Crude Output in 2018 Highest in U.S. History, Says EIA

The unconventional revolution in the U.S. onshore continues to break records, as domestic crude production reached 11.96 million b/d in December, the highest level in U.S. history, the Energy Information Administration (EIA) said this week.

April 10, 2019

Indigo’s Haynesville Production Hits Record in March

Indigo Natural Resources LLC, a privately held, independent that works in the Haynesville Shale, reported record production of 1 boe/d net in March.

April 8, 2019
North Dakota Sets All-Time Crude Output Record; Natural Gas a Record, Too

North Dakota Sets All-Time Crude Output Record; Natural Gas a Record, Too

North Dakota set production records for crude oil and natural gas in July, but gas storage programs are on the to-do list to curb flaring and increase gas captured at the wellhead.

September 17, 2018

Frack Sand Prices Up on Record Demand and Northern White Sold Out, Says Emerge Energy

Emerge Energy Services LP raised prices for contracted and spot sand customers by 3-5% beginning in the second quarter on record market demand for proppant in the U.S. onshore, executives said.

May 9, 2018
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