United States

U.S. Adds One Natural Gas Rig as Drilling Total Surges on Oil Gains

U.S. Adds One Natural Gas Rig as Drilling Total Surges on Oil Gains

The U.S. natural gas rig count rose one unit to 84 for the period ending Friday (Jan. 8), while gains in the oil patch saw the overall domestic drilling tally surge higher, according to the latest weekly numbers published Friday by oilfield services provider Baker Hughes Co. (BKR). In the United States, drillers added eight…

January 8, 2021
Asia LNG Prices Skyrocket as Buyers Scramble for Supplies Amid Cold Snap, Power Shortages

Asia LNG Prices Skyrocket as Buyers Scramble for Supplies Amid Cold Snap, Power Shortages

Liquefied natural gas (LNG) prices continued to set records in North Asia on Wednesday as buyers scrambled for prompt cargo deliveries amid a supply shortage and cold snap. Trafigura Group Pte. Ltd. purchased a cargo from PetroChina Co. Ltd. at $21.70/MMBtu for delivery to China early next month. The transaction was above the previous high…

January 6, 2021
New Permitting Rules Could Prove Problematic for Mexico LNG Exports

New Permitting Rules Could Prove Problematic for Mexico LNG Exports

New regulation over the permitting process involved in the importing and exporting of fuels in Mexico published in the country’s Official Gazette on Dec. 26 could prove harmful to competition in the Mexican energy sector. Mexico’s Comisión Federal de Competencia Económica (Cofece), the federal economic competition commission, published a statement last week warning the rules…

December 30, 2020
U.S. Crude Stocks Fell Amid Stronger Exports Last Week as Holiday Demand Sagged, EIA Says

U.S. Crude Stocks Fell Amid Stronger Exports Last Week as Holiday Demand Sagged, EIA Says

U.S. demand for petroleum products eased lower last week and lagged well behind year-ago levels, although commercial crude stockpiles declined by 600,000 bbl for the period amid an increase in exports, the Energy Information Administration (EIA) said Wednesday. A gauge for domestic demand, EIA reported 19.088 million b/d of total products supplied during the most…

December 23, 2020
U.S. LNG Developers Eye More FIDs in 2021 as Pandemic Recedes, Demand Rises

U.S. LNG Developers Eye More FIDs in 2021 as Pandemic Recedes, Demand Rises

U.S. liquefied natural gas (LNG) developers are anticipating that 2021 will be much different than 2020. Covid-19 and uncertain long-term economics dashed the plans for a number of U.S. gas export projects to make a positive final investment decision (FID) this year. Most of those projects pushed their planned FID dates into 2021, with the…

December 17, 2020
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
Significant U.S. LNG Cargo Cancellations Not Likely in 2021, BofA Analysts Say

Significant U.S. LNG Cargo Cancellations Not Likely in 2021, BofA Analysts Say

Asian liquefied natural gas (LNG) spot prices are at two-year highs and are projected to remain strong enough next summer to prevent significant cancellations of U.S. LNG cargoes in 2021, BofA Global Research analysts said. Projected U.S. LNG export arbitrages for next summer are now positive, in the range of $0.75-$1.00/MMBtu, the analysts said in…

December 14, 2020
Strong U.S. Deliveries Early in 2020 Put European LNG Imports on Track to Surpass 2019

Strong U.S. Deliveries Early in 2020 Put European LNG Imports on Track to Surpass 2019

European liquefied natural gas (LNG) imports are on track to beat last year’s levels, driven in part by strong deliveries from the United States earlier in 2020, according to data intelligence firm Kpler.  The firm said this week domestic gas exports to Europe have nearly doubled this year, thanks in large part to a particularly…

December 1, 2020
EIA Records Uptick in Jet Fuel Demand Ahead of Holiday, but Overall Petroleum Demand Falls

EIA Records Uptick in Jet Fuel Demand Ahead of Holiday, but Overall Petroleum Demand Falls

Petroleum demand in the United States declined around 2% last week as motor gasoline use fell, while demand for jet fuel saw an uptick for the period leading up to the Thanksgiving holiday, according to the latest data from the Energy Information Administration (EIA). In its updated Weekly Petroleum Status Report, EIA recorded roughly 19.2…

November 25, 2020
Two Natural Gas Rigs Added in U.S. as Oil Drives Double-Digit Drilling Increase

Two Natural Gas Rigs Added in U.S. as Oil Drives Double-Digit Drilling Increase

The U.S. natural gas rig count rose two units to 73 for the week ending Friday (Nov. 13), while strength in the oil patch drove a double-digit increase in domestic drilling overall, according to the latest data from Baker Hughes Co. (BKR). Already on the ascent, the U.S. rig count’s trajectory bent further upward for…

November 13, 2020
‹ Previous 1 2 3 5