Daily GPI

The California Public Utilities Commission (CPUC) has proposed regulations to strengthen oversight of the state’s investor-owned utilities. The proposal, which would need to be approved by CPUC commissioners, would establish specific metrics to evaluate Pacific Gas and Electric Co. (PG&E) operational safety performance. It would also adopt 10 safety performance metrics, building on those previously…

Natural gas futures rallied for a second day on Friday as the potential for supply constraints outweighed mild autumn weather and modest near-term domestic demand. Impending front-month expiration also factored in, analysts said. At A Glance: Futures surge a second straight day Domestic weather demand tapers Global supply challenges in focus The October Nymex contract…

U.S. natural gas drilling activity eased lower during the week ended Friday (Sept. 24), while ongoing recovery in the Gulf of Mexico (GOM) helped lift the overall domestic rig count higher for the period, according to updated numbers from Baker Hughes Co. (BKR). Ten oil-directed rigs were added in the United States for the week,…

A dozen of the world’s largest oil and natural gas producers, whose goal when they came together was to cut emissions from their upstream businesses, have increased the targets for methane and carbon to 2025. The CEO-led Oil and Gas Climate Initiative (OGCI), launched in 2014, said Tuesday it has set more stringent targets to…

Cheniere Energy Inc. has received permission from federal regulators to introduce feed gas to the sixth train at its Sabine Pass liquefied natural gas (LNG) terminal in Louisiana, raising the likelihood that U.S. exports will increase further by year’s end.  The Federal Energy Regulatory Commission granted Cheniere’s Sept. 15 request to introduce feed gas for…

Tennessee Gas Pipeline (TGP) and Southwestern Energy Co. have clinched an agreement to move certified natural gas supply to the Northeast beginning in November. Kinder Morgan Inc. subsidiary TGP, through its existing system, would transport Southwestern’s  Appalachia supply that is certified as responsibly sourced gas (RSG). Certified gas is produced and transported by companies whose…

Natural gas futures continued to rebound early Friday as the market contemplated lean stockpiles heading into winter, as well as the looming front-month expiration. The October Nymex contract was up 9.7 cents to $5.073/MMBtu at around 8:50 a.m. ET. November was trading 10.2 cents higher at $5.145. The U.S. Energy Information Administration (EIA) on Thursday…

Natural gas futures rebounded with vigor on Thursday, propelled by domestic and global supply challenges as the peak winter demand season looms. The October Nymex contract shot up 17.1 cents day/day and settled at $4.976/MMBtu. November jumped 18.8 cents to $5.043. At A Glance: Futures spike 17.1 cents EIA prints 76 Bcf storage injection Cash…

On the heels of rejection by the Quebec government of a liquefied natural gas (LNG) proposal, Energie Saguenay has run into another negative opinion by a federal regulator. The latest rejection follows one in July by the province’s Environment Ministry for GNL Quebec’s proposed terminal and Gazoduq pipeline.  “The project is likely to cause direct…