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Argentina’s YPF Aiming to Sanction LNG Export Project by End-2023

Argentina’s YPF Aiming to Sanction LNG Export Project by End-2023

Argentina’s YPF SA is aiming to sanction an LNG export project by the end of 2023, according to CFO Alejandro Lew. Lew and CEO Pablo Iuliano hosted a call earlier this month to discuss the 51% state-owned oil and gas company’s third-quarter results. YPF and Malaysian national oil company Petronas signed a memorandum of understanding…

November 28, 2022
U.S. Crude Production Steady as Demand Drops Ahead of Holiday

U.S. Crude Production Steady as Demand Drops Ahead of Holiday

U.S. exploration and production (E&P) companies kept output for the week ended Nov. 18 at 12.1 million b/d, even with the prior week and generally on par with the level maintained through the fall, according to the Energy Information Administration (EIA).   E&Ps raised production to a pandemic-era high of 12.2 million b/d at points in…

November 28, 2022
Texas Upstream Employment on A Roll, with 2,800 Jobs Added in October

Texas Upstream Employment on A Roll, with 2,800 Jobs Added in October

Upstream oil and natural gas employment in Texas grew in October, with 2,800 jobs added for the month, according to state data. The gains in oil and gas extraction, as well as support jobs, were even more impressive after the Texas Workforce Commission (TWC) revised upward the job gains in September to 2,200 from an…

November 28, 2022
Natural Gas Drilling Slows in U.S. as Oil Count Rises, Latest BKR Tally Shows

Natural Gas Drilling Slows in U.S. as Oil Count Rises, Latest BKR Tally Shows

The U.S. natural gas rig count dropped two units to fall to 155 for the holiday-shortened week ended Wednesday (Nov. 23), while gains in the oil patch led the overall domestic tally two units higher to 784, according to the latest data from Baker Hughes Co. (BKR). Offsetting the natural gas declines, four oil-directed rigs…

November 23, 2022
Oil Activity Picks  Up, Natural Gas Slows Down Ahead of Thanksgiving Holiday

Oil Activity Picks Up, Natural Gas Slows Down Ahead of Thanksgiving Holiday

Driven by gains in the oil patch, the U.S. rig count added two rigs overall to reach 784 during the holiday-shortened work week ended Wednesday (Nov. 23), according to updated numbers published by oilfield services provider Baker Hughes Co. (BKR). Four oil-directed rigs were added in the United States for the period, partially offset by…

November 23, 2022
Equinor Targets Deepwater Norwegian Natural Gas Field to Boost Euro Supply

Equinor Targets Deepwater Norwegian Natural Gas Field to Boost Euro Supply

Equinor ASA has submitted a plan to Norwegian regulators outlining a $14 billion-plus project for the country’s first planned deepwater development to boost long-term natural gas supply to Europe. Equinor and its partners told regulators they could tap the Irpa gas field in the Vøring Basin deep below the Norwegian Sea. Discovered in 2009 and…

November 23, 2022
Oil, Natural Gas Lease Sales Proposed for Nevada and Utah

Oil, Natural Gas Lease Sales Proposed for Nevada and Utah

The Bureau of Land Management (BLM) has begun a one-month scoping process to take comments on potential oil and natural gas lease sales across parts of Nevada and Utah. The Interior Department agency is reviewing potential auctions for up to 35 parcels in Nevada totaling 63,604 acres and 18 parcels in Utah totaling 31,808 acres.…

November 23, 2022
Natural Gas Imports from Canada Rising in Western U.S.

Natural Gas Imports from Canada Rising in Western U.S.

Natural gas imports from Canada to the western United States have increased by 4.1% so far this year versus the same period in 2021, according to new analysis by the U.S. Energy Information Administration (EIA). The border-crossing points at Sumas, WA, and Eastport, ID, “principally supply metropolitan areas in the Pacific Northwest and California, where…

November 23, 2022
Iron Horse Expanding Natural Gas Processing in Anadarko Basin

Iron Horse Expanding Natural Gas Processing in Anadarko Basin

Iron Horse Midstream is adding another natural gas cryogenic processing plant at its 120-acre complex in Grady County, OK, in the heart of the Anadarko Basin. The Dallas-based firm said the 200 MMcf/d plant would boost natural gas processing capacity in the SCOOP/STACK (South Central Oklahoma Oil Province and Sooner Trend of the Anadarko Basin,…

November 23, 2022
Natural Gas Futures Inch Ahead as Russia’s Threat Amplifies Europe’s Thirst for U.S. LNG; Cash Prices Fall

Natural Gas Futures Inch Ahead as Russia’s Threat Amplifies Europe’s Thirst for U.S. LNG; Cash Prices Fall

Following a 47.3-cent rally a day earlier, natural gas futures advanced a little further on Tuesday as weather forecasts, while mixed, favored solid demand ahead and Russia injected a fresh dose of uncertainty into the global supply picture. The December Nymex gas futures contract settled at $6.779/MMBtu, up three-tenths of a cent day/day. January rose…

November 22, 2022
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