As TC Energy Corp. plans to continue investing billions to expand North American natural gas pipeline capacity through the decade, CEO Francois Poirier said political momentum for permitting reform and an appreciation for infrastructure could pave the way for expansions and greenfield projects to boost LNG exports. On the sidelines of the CERAWeek by S&P…
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With $1.7B IPL Deal, CF to Expand Louisiana Ammonia and CCS Projects
CF Industries Holdings Inc., which uses natural gas in its hydrogen and nitrogen manufacturing, agreed to pay nearly $1.7 billion for the Incitec Pivot Ltd. (IPL) ammonia production complex in Waggaman, LA. The IPL facility has a nameplate capacity of 880,000 tons/year of ammonia, CF noted. The companies plan to allocate around $425 million of…

Texas Natural Gas, Oil Employment Continues Rally as ‘Strong Demand for Talent’ Still Seen
Upstream oil and natural gas employment in Texas rose by 13.7% year/year in January to a total of 198,100 jobs, according to the Texas Independent Producers and Royalty Owners Association (TIPRO). The figure was up by 1,700 jobs versus December 2022, the group said, citing data from the U.S. Bureau of Labor Statistics (BLS). The…

Lower 48 Plays Seen Adding More Than 400 MMcf/d in Natural Gas Output from March to April
Natural gas production from seven key Lower 48 regions will continue rising in April, driven by incremental output gains from a variety of regions, led by the gassy Haynesville Shale, according to updated modeling from the Energy Information Administration (EIA). EIA said in its latest Drilling Productivity Report (DPR), published Monday, that total natural gas…

Chesapeake Steps Into LNG Market to Supply Gunvor with U.S. Natural Gas
Chesapeake Energy Corp. has reached a tentative deal to supply Gunvor Group Ltd. with up to 2 million metric tons/year (mmty) of LNG from a U.S. liquefaction facility that the companies plan to jointly select. Under a heads of agreement (HOA) announced Monday, Chesapeake would supply global commodity trader Gunvor with the super-chilled fuel for…

Oil Rigs Drop Again as U.S. Count Slides in Latest BKR Data
Overshadowing gains in natural gas drilling, a third consecutive weekly decline in the oil patch dropped the U.S. rig count four units to 749 for the week ended Friday (March 3), according to the latest tally from Baker Hughes Co. (BKR). Net changes domestically for the period included an eight-rig decline in oil-directed rigs. In…

Tellurian Could Lose Gunvor SPA as Focus Shifts to Finding Equity Partners for Driftwood LNG
Gunvor Group Ltd. has the option to terminate its deal to buy supplies from the proposed Driftwood LNG terminal after a deadline passed Tuesday for Tellurian Inc. to meet certain conditions. The sales and purchase agreement (SPA) was amended to give Gunvor the option of walking away if Tellurian failed to meet conditions, including sanctioning…

Comstock Prepping for Increased LNG Supply Demand with Freeport’s Return
Comstock Resources Inc. spent 2022 shoring up its western Haynesville acreage that could provide “a lot of potential” in the independent’s long-term strategy to supply a surge LNG growth on the Gulf Coast, said CEO Jay Allison. Looking to the liquefied natural gas buildout, “it’s going to run its course,” he said during the fourth…

Lower Natural Gas Prices Lead Comstock to Cut Rigs in Haynesville
As natural gas prices swing lower from 2022 highs, Haynesville Shale-focused Comstock Resources Inc. said it is dropping two of nine operated natural gas drilling rigs. After a strong third quarter bolstered by high natural gas prices, the Frisco, TX-based independent has taken note as “natural gas prices have fallen over 70% since September,” said…

EIA Sees Continued Onshore Natural Gas Production Growth in March, Paced by Haynesville
With the Haynesville Shale continuing to serve as the biggest driver of projected onshore natural gas production growth, output from seven key Lower 48 plays is poised to grow by 426 MMcf/d from February to March, according to the Energy Information Administration (EIA). In its latest Drilling Productivity Report (DPR), published Monday, the agency modeled…