LNG

European natural gas prices rebounded Monday after falling from multi-year highs late last week, as low storage inventories and strong demand in Asia continue supporting prices on the continent. The prompt Title Transfer Facility (TTF), Europe’s leading gas benchmark, hit a multi-year high of $10.241/MMBtu Thursday before falling to finish the week Friday at $9.883.…

Natural gas futures were virtually unchanged in early trading Monday, holding onto recent gains as updated forecasts eased off somewhat on expected heat over the next two weeks. The July Nymex contract was up 0.8 cents to $3.304/MMBtu at around 8:45 a.m. ET. The July contract is coming off a roaring 14.7-cent rally in Friday’s…

The collapse in global exploration and production (E&P) spending last year ranked among the worst downturns in history, but 2021 is the beginning of a multi-year recovery that will accelerate into 2022 and beyond, according to Evercore ISI. The firm’s Global E&P Mid-Year Spending Outlook indicates U.S. producers remain a bit cautious regarding their capital…

The operator of the Nord Stream 2 (NS2) pipeline said pre-commissioning work started Friday on the first line of the system, but when exactly service will start and the impact it might have on European energy markets remains unclear.  Nord Stream 2 AG said Thursday that the first stretch of the twin pipeline that runs…

Tourmaline Oil Corp. is beefing up its North Montney Shale holdings with the C$1.1 billion ($900 million) purchase of privately held Black Swan Energy Ltd., a deal that could position supplies for the Canadian liquefied natural gas (LNG) market.  Tourmaline said Friday the purchase was an “important component” of its ongoing consolidation strategy in the…

Big basis moves in Appalachia and on the West Coast highlighted natural gas forwards trading during the June 3-9 period, while a sufficiently hot forecast helped propel a broader move higher for the Lower 48 overall, according to NGI’s Forward Look. Fixed prices for July delivery were higher week/week by around 10-15 cents at numerous…

Big basis moves in Appalachia and on the West Coast highlighted natural gas forwards trading during the June 3-9 period, while a sufficiently hot forecast helped propel a broader move higher for the Lower 48 overall, according to NGI’s Forward Look. Fixed prices for July delivery were higher week/week by around 10-15 cents at numerous…

Cheniere Energy Inc., the largest producer of liquefied natural gas (LNG) in the United States, is partnering with some of the country’s leading oil and natural gas producers to better understand and cut greenhouse gas emissions (GHG) upstream from its export terminals.  The project brings together Aethon Energy Management, Ascent Resources Utica LLC, EQT Corp.,…

The oil and gas sector could bear the brunt of efforts by multinational corporations to offload their highest-emitting suppliers in the coming years as they seek to green up their carbon profiles, according to UK financial services firm Standard Chartered. The firm, which surveyed 400 sustainability and supply chain experts at multinationals across the globe,…