LNG Insight

BP Looking Beyond Petroleum — Again — as Low-Carbon Opportunities Beckon

BP Looking Beyond Petroleum — Again — as Low-Carbon Opportunities Beckon

BP plc turned the investor world on its head Tuesday with a revamped strategy to slash oil and natural gas production while pouring billions into low-carbon investments. CEO Bernard Looney, during a lengthy conference call with top executives, further outlined the strategy that he had first unveiled in February, to put the company on a…

August 4, 2020
Williams Says Natural Gas Demand Durable with Positive Signs for LNG Exports

Williams Says Natural Gas Demand Durable with Positive Signs for LNG Exports

Williams, which owns one of largest gas pipeline systems in the United States, continues to see increasing demand, including robust flows of natural gas to Mexico, despite the persistent coronavirus pandemic and shaky economy. The Tulsa-based pipeline operator, which operates more than 30,000 miles of pipelines led by the Transcontinental Gas Pipe Line, aka Transco,…

August 4, 2020
Natural Gas Prices Reach ‘Turning Point,’ with Possible Rally into 2021, Says BofA

Natural Gas Prices Reach ‘Turning Point,’ with Possible Rally into 2021, Says BofA

Lofty summer heat in July, with forecasts for more by mid-August, should further ease pressure on storage injection levels as industrial energy demand shows signs of increasing and global economies emerge from coronavirus-imposed lockdowns, BofA Global Research analysts said. Analysts including Peter Helles said gas had reached a “turning point,” and they also anticipate European…

August 4, 2020
New Fortress Sees LNG Sales Increasing as Operations Ramp Through Year’s End

New Fortress Sees LNG Sales Increasing as Operations Ramp Through Year’s End

New Fortress Energy LLC said Monday that the Covid-19 pandemic did not slow its growth during the second quarter as the company continued to bring new operations online. Year/year revenue increased to $94.6 million from $39.8 million as NFE went from “a company in development to an operating business,” said CEO Wes Edens.  The company…

August 3, 2020
Noble Energy Brings Back Curtailed DJ, Permian Volumes

Noble Energy Brings Back Curtailed DJ, Permian Volumes

Most of Noble Energy Inc.’s Lower 48 oil and gas volumes that were curtailed as the coronavirus sapped demand are back online as operating costs and netback pricing have improved. The Houston-based super independent, which issued its results Monday, curtailed 30,000 boe/d net during 2Q2020. Most of the reduced volumes, estimated at 80%, were curtailed…

August 3, 2020
Stars Align for Natural Gas Forwards, but Cooler August Forecasts Pose Downside Risk

Stars Align for Natural Gas Forwards, but Cooler August Forecasts Pose Downside Risk

As heat indexes surged above 100 degrees across the United States to close out July, natural gas forward prices rallied during the July 23-29 period, according to NGI’s Forward Look. Prices for next winter and beyond posted the largest gains, as the prospect of improving export demand and lower gas production in the months ahead…

July 31, 2020
Stung by Steep 2Q Decline in Commodity Prices, Total Sees More Volatility Ahead

Stung by Steep 2Q Decline in Commodity Prices, Total Sees More Volatility Ahead

Total SE recorded a big loss in the second quarter and took an $8.1 billion impairment as oil, natural gas and liquefied natural gas (LNG) prices all declined precipitously and the global economy reeled from the Covid-19 pandemic. An oil market crisis, historically low natural gas prices and the economic slowdown in Europe decreased petroleum…

July 31, 2020
EU Grants Promote Use of LNG as Transportation Fuel

EU Grants Promote Use of LNG as Transportation Fuel

The European Union (EU) has approved grants for its member states to increase the use of liquefied natural gas (LNG) as a transportation fuel for ships, cars and trucks. The funding, approved earlier this month, is part of a 2.2 billion euro ($2.6 billion) package to support 140 transportation projects in the EU. Of that…

July 30, 2020
Shell’s LNG, Oil Demand Plunges in Covid-19 Rout, with Energy Impacts Still Uncertain

Shell’s LNG, Oil Demand Plunges in Covid-19 Rout, with Energy Impacts Still Uncertain

Royal Dutch Shell plc swung to a massive loss in 2Q2020, torn down by a historic loss in natural gas and oil demand, with CEO Ben van Beurden warning the long-term energy outlook remains uncertain as long as the global pandemic wreaks economic havoc. The Anglo-Dutch supermajor said the 2Q2020 current cost of supplies (CCS),…

July 30, 2020
Don’t Mess with Texas Oil and Natural Gas, Trump Tells Permian Crowd

Don’t Mess with Texas Oil and Natural Gas, Trump Tells Permian Crowd

President Trump rallied West Texas oil and natural gas workers on Wednesday afternoon during a visit to Midland, in the heart of the Permian Basin, touting American energy dominance and claiming the industry is not only back on track but expanding. The campaign speech of sorts came during a brief visit after the president toured…

July 30, 2020
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