Tensions eased in the Gulf of Mexico (GOM) Thursday, with shut-in numbers declining and workers preparing to head back to platforms, as Hermine, upgraded to hurricane status, made its long-awaited move toward the Florida coast.
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ERCOT Has Enough Fall, Winter Power; NatGas-Fired Units Recently Added
The Electric Reliability Council of Texas (ERCOT) said Thursday that it expects to have enough power generating capacity available to meet fall and winter demand.
September 1, 2016
Traders Mull Gulf Shut-Ins; October Seen 2 Cents Higher
October natural gas is set to open 2 cents higher Wednesday morning at $2.85 as traders factor in production losses resulting from weather-driven Gulf of Mexico shut-ins. Overnight oil markets fell.
August 31, 2016
Most North American Basin Pricing Still ‘Unsustainable,’ Says Schlumberger Exec
The global oil supply is tightening, and markets should move closer to balance by the end of this year, but it’s too early for “any improvement in price” to affect exploration investments because operator confidence and balance sheets still need to be repaired, Schlumberger Ltd.’s operations chief said Tuesday.
August 31, 2016
Cheniere Exec Gentle Jumps Ship to Rival Souki Venture
Former Cheniere Energy Inc. marketing executive Meg Gentle has ponied up $10 million of her takings from that company to buy into startup liquefied natural gas (LNG) developer Tellurian Investments, which was co-founded by ousted Cheniere co-founder Charif Souki. Gentle will be Tellurian’s president and CEO, and a member of its board.
August 31, 2016
NatGas Cash Down, But Futures Add 6 Cents Amidst GOM Shut-Ins
Financial and physical natural gas moved in opposite directions in Wednesday’s trading for Thursday deliveries. Few points made it to the plus side of the trading ledger, and most locations were off by a nickel or more.
August 31, 2016
Little Change in Weather, Yet October Called 3 Cents Higher
October natural gas is set to open 3 cents higher Tuesday morning at $2.93 although observers note a less than supportive trading landscape going forward. Overnight oil markets were mixed.
August 30, 2016
NGI The Weekly Gas Market Report
Western NatGas Prices Could Be Up This Winter, Raymond James Says
Although natural gas prices were not discussed when officials met last Friday to review California’s draft winter energy reliability plans, higher prices may be an issue this winter throughout the West as three factors converge, according to Raymond James. The firm sees $4-4.50/MMBtu prices coming out of the Rockies.
August 30, 2016
Low Storage, Limited Production And Demand Uptick Could Mean Higher NatGas Prices This Winter
Although natural gas prices were not discussed when officials met last Friday to review California’s draft winter energy reliability plans, higher prices may be an issue this winter throughout the West as three factors converge, according to Raymond James. The firm sees $4-4.50/MMBtu prices coming out of the Rockies.
August 30, 2016
MA Court Ruling Sets Off New Round of Debate at FERC Over Access Northeast
The Aug. 17 Massachusetts Supreme Judicial Court (SJC) ruling that invalidated contracts on the Access Northeast pipeline expansion has set off a new round of debate as the project’s backers vie for FERC approval of a crucial tariff revision.
August 30, 2016
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