International

U.S. oil production for the week ended April 15 climbed to 11.9 million b/d, setting a new highpoint for the year, the U.S. Energy Information Administration (EIA) said Wednesday. That marked a 100,000 b/d increase from the prior week and a notable bump from the level maintained through much of the first quarter, EIA’s latest…

Italy’s Eni SpA is expanding partnerships and exploration in some of its existing territories in order to boost natural gas deliveries to Europe. Eni announced it is working closely with the state-owned Egyptian Natural Gas Holding Co. to increase gas production and liquefied natural gas (LNG) exports from the country, with a specific target of…

The Netherlands will rely on increasing liquefied natural gas (LNG) imports instead of counting on domestic gas production from the Groningen field to help replace Russian imports.    The Dutch government has decided against increasing output from Groningen, which was under consideration as a way for Europe to refill natural gas storage and displace Russian supplies. …

Leaders of Baltic nations and their partners in the regional gas market have been increasingly signaling an end to Russian gas imports in support of a besieged Ukraine, but one of the area’s gas importers is raising red flags. A/S Latvijas Gāze, a Latvian importer and trader of natural gas, released a statement April 13…

Canada’s Trans Mountain Pipeline expansion (TMX) has reportedly reached “a major milestone” by passing its halfway mark to completion. The oil pipeline system reported that since August 2019, about 20,000 workers cleared 344 miles of right-of-way, laid 247 miles of pipe and made 32 trenchless river and stream crossings. “The way we are constructing this…

After weathering delays from the Covid-19 pandemic, construction preparations are starting for the liquefied natural gas (LNG) terminal on the Pacific Coast of British Columbia (BC) developed by Woodfibre LNG Ltd.  The Vancouver-based unit of Pacific Energy Corp Ltd. reported it has given the project’s contractor McDermott International Ltd. a limited notice to proceed on…

North American natural gas futures continued to push higher last week as production and storage worries combined with strong global demand pushed futures prices over $7.00/MMbtu. That’s four straight weeks of rising natural gas prices as energy markets remain in turmoil following Russia’s unprovoked invasion of Ukraine. On Wednesday, the New York Mercantile Exchange prompt-month…

Argentina took a step towards securing additional natural gas supplies for this upcoming Southern Cone winter with a new agreement with neighboring Bolivia. The agreement guarantees Argentina will receive 14 Mm3/d of gas from Bolivia from May to September, the same volume of imports as last winter. Bolivia had initially said it would send out…

Intercontinental Exchange Inc. (ICE) said Wednesday that natural gas futures trading in Europe set new records last month amid volatility sparked by Russia’s invasion of Ukraine and the ongoing threat it has posed for the continent’s energy supplies.  ICE said Dutch Title Transfer Facility (TTF) futures reached new heights in March, when 5.08 million lots…