Daily GPI

Tellurian Inc. is looking for approval from FERC to build a 37-mile, dual 42-inch pipeline system in Louisiana to meet natural gas demand in the Lake Charles area and potentially serve its proposed export terminal.  The Line 200 and 300 project would pair supplies from various production regions with growing industrial, petrochemical, manufacturing, power generation,…

Ahead of a contested environmental approval decision, the French Canadian contender for liquefied natural gas (LNG) exports sought enhanced credentials Tuesday by recruiting carbon-neutral designs for its $10.6 billion proposed project. Symbio Infrastructure LP announced an agreement for Siemens Energy AG to craft the designs and hardware for the planned 1.4 Bcf/d Energie Saguenay LNG…

Maine will no longer invest in companies with big oil and gas portfolios, making it the first state in the country to divest from the fossil fuel industry. Gov. Janet Mills last week signed into law a bill forbidding any state pension fund or annuity from making new investments in stocks or securities of the…

Exploration and production (E&P) companies working in the Lower 48 have witnessed an evolution in how their executive teams are compensated, with returns and free cash flow (FCF) now trumping volumes and growth, according to an analysis by Raymond James & Associates Inc. Nearly all, or 90% of the E&Ps covered by the analyst firm…

Higher cooling demand expectations in the latest weather model runs, combined with a large drop in daily Lower 48 production estimates, had natural gas futures advancing in early trading Tuesday. The July Nymex contract was up 6.8 cents to $3.259/MMBtu at around 8:50 a.m. ET. After dropping several cooling degree days (CDD) from the outlook…

A weaker weather pattern seen for the coming two weeks coupled with rising production to send natural gas futures prices sliding on Monday. The July Nymex gas futures contract settled at $3.191, off 2.4 cents from Friday’s close. August slipped 2.1 cents to $3.215. Spot gas prices were mostly lower too, with strong demand mainly…

The Department of Energy’s National Renewable Energy Laboratory (NREL) has signed a memorandum of understanding (MOU) with San Diego-based Sempra Energy to work on decarbonization strategies. In the MOU, Sempra and NREL agreed to focus on advancing artificial intelligence to scale solutions across the United States. They also plan to integrate low-carbon fuel solutions, including…

The Department of Interior may have paused federal oil and natural gas leasing, but it is looking to deploy 30 GW of offshore wind capacity on nearly every U.S. coast by 2030. A competitive lease sale to kick things off is planned in the New York Bight, with other auctions eventually expected offshore the West…

Hot weather and limited supplies helped drive European natural gas prices to a 12-year high late last week in a rally that continued Monday. The prompt Title Transfer Facility (TTF) contract closed Friday at $10.237/MMBtu and finished higher on Monday at a level not seen since 2008. European gas prices have been strong since the…