International

Soaring temperatures are pushing Asian LNG buyers into the market to cover power demand, keeping Japan-Korea Marker prices at a premium to the Dutch Title Transfer Facility (TTF) benchmark.  Asia, along with North America and Latin America, are facing El Niño weather conditions causing a surge in cooling demand around the globe.  “We think recent…

While the European Union has been working more than a year to replace Russian pipeline gas and decrease the country’s influence on the European economy, imports of Russian LNG have been ticking upward. The EU may need further sanctions on LNG if it’s serious about kicking Russian fossil fuels, according to a European think tank.…

Only weeks after slapping down $5.4 billion to take over NexTier Oilfield Solutions, Patterson-UTI Inc. on Wednesday agreed to buy global drillbit specialist Ulterra Drilling Technologies LP. In the definitive agreement with sponsor Blackstone Energy Partners, Patterson-UTI agreed to pay $370 million cash and trade 34.9 million common shares. Patterson-UTI was trading for around $12.20/share…

Montney Shale drilling in northeastern British Columbia (BC) would keep flowing liquid byproducts of natural gas even if the Canadian Liberal government hits its net-zero emissions targets, according to the developer of a C$350 million ($262 million) pipeline project. “Canada’s natural gas production is expected to be increasingly weighted towards the B.C. Montney,” says a…

A roundup of news and commentary from NGI’s LNG Insight Sempra Infrastructure is looking to ramp-up construction at the Port Arthur LNG site in Texas, according to a recently published filing with the Federal Energy Regulatory Commission. The firm requested authorization for up to 6,000 people on site 24 hours a day as it progresses…

Natural gas production from the Netherlands’ Groningen field will end by Oct. 1, the Dutch government confirmed late last week, largely eliminating what was long a top supply source for Europe.  The continent has depended on production from Groningen for decades. The field reached peak annual output of 88 billion cubic meters (Bcm) in 1976,…

When the Republic of India (ROI) embarked upon economic reform in the early 1990s, one of its highest profile moves was to permit the Dabhol Power Company (DPC), a partnership between Enron Corp., Bechtel Corp. and General Electric Co., to develop a 900 MW power plant on the west coast of India.

As goes the weather, so goes demand for U.S. natural gas supply this summer and beyond, with global turmoil a continuing wildcard, according to a veteran industry executive. Lower gas production has been attributed in part to planned maintenance, but the U.S. gas rig count also bears watching, Marex North America LLC’s Steve Blair, senior…

An unexpected delay at Norway’s Nyhamna gas processing plant this month resulted in a dip in Norway’s gas production and higher European prices as traders adjusted to Shell plc’s postponed planned maintenance. The plant had been shut down since May 19 and was originally slated to resume production on June 21, but maintenance work on…