Wildfires

The full ramp-up of a dual pipeline to transport natural gas liquids from Canada’s Grand Prairie production area helped improve the bottom line for Calgary-based Keyera Corp. during 2Q2023, even with outages related to the Canadian wildfires.  The Calgary-based midstream operator began service in June through the second leg of the Key Access Pipeline System…

Canada’s natural gas and oil sector faced daunting challenges during the second quarter because of the still-unfolding wildfire season, but activity overall has recovered, according to some of the top operators. Exploration and production (E&P) companies, midstream operators, oilfield services (OFS) providers and utilities reported big and small impacts to their operations between April and…

With a sharp decline in upstream activity foreshadowing a potential curtailment in domestic production, and with summer cooling demand just around the corner, natural gas forwards rallied during the May 11-17 trading period, NGI’s Forward Look data show. Week/week fixed price gains of 20 cents or more were widespread throughout the Lower 48; benchmark Henry…

Natural gas futures on Wednesday finished in the red for the first time in four sessions as traders braced for several robust storage injections amid mild weather and soft export demand. The June Nymex gas futures contract settled at $2.365/MMBtu, down 1.1 cents day/day. July slid 2.5 cents to $2.509. At A Glance: Front month…

Ongoing Alberta bushfires prompted Calgary’s Keyera Corp. to close and evacuate six natural gas plants in the region as a precaution, but executives remain optimistic that the outages would not materially impact the business. Keyera closed the Brazeau River, Pembina North, Zeta Creek, Cynthia, Nordegg and Wapiti gas plants as it responds to wildfires across…

An estimated 150,000 boe/d of natural gas and oil production was offline and thousands of residents had been evacuated early Monday as Western and Central Alberta dealt with more than 100 wildfires, with as many as 30 considered out of control. “We note that there has yet to be reports of significant damage to infrastructure,…

Riding momentum from late last week, natural gas futures advanced in early trading Monday amid reports of declining production and modest weather-driven demand gains.  The June Nymex contract was up 6.9 cents to $2.206/MMBtu at around 8:50 a.m. ET. On Friday, the front month rallied to finish in positive territory after probing as low as…

As parts of California face wildfires and the persistence of extreme dry conditions, PG&E Corp. estimates that around 90% of its wildfire risk has been mitigated by technology and program enhancements. CEO Patricia Poppe said during a second quarter conference call that new safety settings for lines and vegetation control have helped increase safety and…

Pacific Gas and Electric Co. (PG&E), riding on the momentum of a positive fourth quarter of 2021 and shrinking annual losses, has shifted focus to ambitious projects it hopes will reduce risks of wildfire events that have plagued the company. In what CEO Patti Poppe called a “new era” for PG&E during a Thursday 4Q2021…