International

Growth in the Permian Basin, Guyana’s offshore and the global liquefied natural gas (LNG) market are gaining momentum, along with low-carbon opportunities, ExxonMobil CEO Darren Woods said last week. During the 1Q2022 conference call on Friday (April 29), Woods told investors that “recent events” have clarified the direction for oil and gas producers.  New investments…

With production light and demand steady, natural gas futures on Friday cruised higher for the fourth time in five sessions. The June Nymex gas futures contract settled at $7.244/MMBtu, up 35.6 cents day/day. July advanced 36.1 cents to $7.355. NGI’s Spot Gas National Avg. shed 2.5 cents to $6.545, though prices were up across the…

European TTF prices opened down on Thursday morning after a strong start to the week triggered by news that Russia would stop pipeline gas exports to Poland and Bulgaria.

Woodside Petroleum Ltd. management said a combination of maintenance, weather and geopolitical tensions impacted its oil and gas production and sales during the first quarter. However, heightened prices – especially for liquefied natural gas (LNG) – kept revenues strong. The Australian producer saw a mix of boons and setbacks with its gas businesses during the…

TotalEnergies SE said Thursday it hasn’t ruled out exiting Russia entirely, a move management said would not disrupt the significant growth seen in the firm’s liquefied natural gas (LNG) operations.  The Paris-based supermajor again condemned Russia’s invasion of Ukraine during its first quarter earnings call. Management announced after the incursion that it would provide no…

Poland was receiving more natural gas supplies from Germany on Thursday, while Bulgaria was receiving supplies from Turkey. The flows were making up for lost volumes from Gazprom PJSC, which cut off supplies to Poland and Bulgaria this week for failing to comply with Russia’s demand for a new payment method.

The natural gas market was searching for clarity on Wednesday about how Russia’s decision to cut off natural gas supplies to Bulgaria and Poland could impact larger buyers in Europe if they don’t fully comply with the Kremlin’s demands to change how they pay for imports. Gazprom PJSC confirmed Wednesday that it had stopped delivering…

The United Arab Emirates’ (UAE) plans to build a second LNG export facility and become a regional exporter are gaining momentum as European leaders recently visited the Middle East to discuss replacing Russian energy imports.  The proposed two train 9.5 million metric tons/year (mmty) project is to be located at the busy oil port of…

Argentine officials last week celebrated the launch of the Néstor Kirchner pipeline to bring natural gas from the Vaca Muerta shale deposit to capital Buenos Aires. “Here in Argentina we have natural gas for another 200 years, and gas is the energy that the world has decided will be the transition fuel to renewable energies,”…