Infrastructure

The U.S. natural gas rig count fell one unit to 75 for the week ending Friday (July 10), while more losses in the oil patch ensured that the combined domestic tally would extend a months-long slide, the latest numbers from Baker Hughes Co. (BKR) show. After the departure of four oil-directed rigs in the United…

The Alberta government posted a reward Thursday for petrochemical manufacturers to build new plants that draw their raw materials from natural gas produced in the province. Natural Gas Minister Dale Nally announced a 10-year grant fund titled the Alberta Petrochemicals Incentive Program. The dollar value and eligibility rules were left open to negotiation, with further…

Intensifying heat across the United States led a sharp rally for natural gas forward prices at a time when exports remain slow and uncertainty continues over energy demand recovery amid the coronavirus pandemic. Prices for August natural gas jumped 15.0 cents on average during the July 2-8 period, as did the balance of summer (August-October),…

Energy Transfer LP has “not yet taken any steps to begin shutting down” the Dakota Access pipeline (DAPL) in light of an order by the U.S. District Court for the District of Columbia to temporarily halt operations and empty the 1,172-mile crude oil pipeline while an environmental impact statement (EIS) is completed. Instead, lawyers for…

  The North American Electric Reliability Corp.’s (NERC) 2020 Summer Reliability Assessment found that there are enough resources available to meet this summer’s current projected peak electricity demand in almost all of the Lower 48.  Released last month, the NERC report also features a special assessment tied to the coronavirus pandemic. In a typical year,…

The U.S. Supreme Court on Monday issued a unanimous order reinstating the use of a permit employed to fast-track oil and gas pipeline construction, but the ruling specified that it did not apply to the U.S. leg of the hotly contested Keystone XL crude oil pipeline that is at the center of the debate. The…

Despite signs of increased production and decreased liquefied natural gas (LNG) demand early in July, natural gas futures surged Monday on expectations for continued strong summer heat. The August Nymex contract rose 9.6 cents from last Thursday’s close to settle at $1.830/MMBtu. September climbed 10.8 cents to $1.893. NGI’s Spot Gas National Avg. jumped 21.0…

The United States Energy Information Agency (EIA) said in a note on Monday that it expects Mexico natural gas exports to rise quickly with the entry into operation of the Villa de Reyes-Aguascalientes-Guadalajara (VAG) pipeline. The 890 MMcf/d VAG pipeline is the final stretch of a system that runs from the Permian Basin in West…

Dominion Energy closed out the holiday weekend with two bombshell announcements, disclosing Sunday that it is selling its natural gas transmission and storage assets to an affiliate of Warren Buffett’s Berkshire Hathaway Inc. in a transaction valued at $9.7 billion. It also has decided, along with joint-venture partner Duke Energy, to cancel the 600-mile, 1.5…