Earnings

Haynesville Activity ‘Soft’ as Permian Associated Natural Gas Supply Competes, Says Patterson-UTI CEO

Haynesville Activity ‘Soft’ as Permian Associated Natural Gas Supply Competes, Says Patterson-UTI CEO

Mergers by exploration customers and low natural gas prices continue to be a headwind in the Lower 48 for the oilfield services sector, but impacts may begin to ease later this year, according to completions expert Patterson-UTI Energy Inc.  U.S. land activity “continues to be cautious and reflects slightly lower activity than we saw to…

May 21, 2024
Alberta’s Peyto Better Prepared for Wildfires, Expects Low Natural Gas Prices to Linger

Alberta’s Peyto Better Prepared for Wildfires, Expects Low Natural Gas Prices to Linger

As wildfires rage across Western Canada, Peyto Exploration & Development Corp. has taken measures to mitigate potential impacts to its natural gas operations, according to CFO Tavis Carlson. Carlson and CEO Jean-Paul Lachance hosted a conference call to discuss first quarter earnings for the Calgary-based producer.  Carlson said that after a similarly intense wildfire season…

May 17, 2024
Enbridge Touts Natural Gas Projects Adding Permian Egress and Supporting LNG, Data Center Demand  

Enbridge Touts Natural Gas Projects Adding Permian Egress and Supporting LNG, Data Center Demand  

Enbridge Inc. management touted a plethora of projects strategically focused on LNG exports and natural gas that are expanding and optimizing the Calgary-based midstream giants’ operations.  CEO Greg Ebel recently held an earnings call and reviewed the company’s first quarter results.  With “sustainability at the core, Enbridge is “committed to meeting the needs of our…

May 16, 2024
Canadian Natural Sees LNG Demand Boosting Natural Gas Prices Next Year 

Canadian Natural Sees LNG Demand Boosting Natural Gas Prices Next Year 

Alberta’s Canadian Natural Resources Ltd. is taking a glass-half-full view of the current natural gas price slump, according to CEO Scott Stauth. Stauth hosted a conference call to discuss first quarter earnings for Calgary-based Canadian Natural, one of the country’s largest independent natural gas producers. The company’s gas-focused operations target the Montney Shale and Alberta…

May 14, 2024
Energy Transfer Works Texas Natural Gas Price Spreads With Midstream Capacity, Storage Assets

Energy Transfer Works Texas Natural Gas Price Spreads With Midstream Capacity, Storage Assets

Energy Transfer LP is using its intrastate natural gas pipeline capacity in Texas to allow its customers to take advantage of the wide price spreads caused by sub-zero pricing in the Permian Basin. NGI’s Waha daily cash price has averaged in the negative for much of the past two months, including a four-year low of…

May 13, 2024
Sempra Doubling LNG Export Capacity Ahead of Forecast Demand Surge

Sempra Doubling LNG Export Capacity Ahead of Forecast Demand Surge

Sempra is betting on substantial growth in global LNG demand over the coming years despite regulatory uncertainty over the future of U.S. exports, management said. CEO Jeffrey Martin hosted a conference call to discuss first quarter 2024 earnings for the San Diego, CA-based energy firm. Through its Sempra Infrastructure unit, the company has nearly 40…

May 10, 2024
TC Energy Nears Commercial Start-Up of Coastal GasLink, Advances Southeast Gateway Offshore Pipeline

TC Energy Nears Commercial Start-Up of Coastal GasLink, Advances Southeast Gateway Offshore Pipeline

TC Energy Corp. has completed the northern portion of its Southeast Gateway and is moving to start commercial operations of its Coastal GasLink (CGL) supplying feed gas to LNG Canada. Management for the Calgary-based pipeline giant provided updates on major projects during a first quarter earnings call. In Mexico, TC has installed more than 70%…

May 9, 2024
Lower Natural Gas Prices, Rising Demand Fueling Uptick in International LNG Projects, Chart CEO Says

Lower Natural Gas Prices, Rising Demand Fueling Uptick in International LNG Projects, Chart CEO Says

While regulatory uncertainty has clouded the outlook for large U.S. export projects, Chart Industries Inc. reported lower global prices and a continued rise in demand is driving an uptick in international LNG and natural gas projects this year. Management of the Atlanta-based specialty equipment manufacturer told analysts during a recent 1Q2024 call that liquefied natural…

May 9, 2024
NFE Expects First Cargo From Offshore Mexico LNG Project in June

NFE Expects First Cargo From Offshore Mexico LNG Project in June

New Fortress Energy Inc. (NFE) expects its floating LNG (FLNG) platform offshore Altamira, Mexico to produce first volumes later this month after experiencing a mechanical issue in April. NFE management in the first quarter earnings report said that the first cargo could be loaded at the liquefied natural gas facility in June. The company previously…

May 8, 2024
Williams CEO Says Natural Gas Demand Accelerating, but ‘Oversupplied’ Market Needs to be ‘Patient’ 

Williams CEO Says Natural Gas Demand Accelerating, but ‘Oversupplied’ Market Needs to be ‘Patient’ 

Williams executives are expecting strong growth for natural gas consumption in the years ahead, but said those levels of demand may not come “quite as quickly as a lot of people think,” and, in one case, that demand was not enough to overcome opposition to a pipeline project. “Natural gas demand is not just growing…

May 8, 2024
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