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Sempra Utilities Ready Plan to Mix Hydrogen into Natural Gas Systems

Sempra Utilities Ready Plan to Mix Hydrogen into Natural Gas Systems

Sempra Energy’s two California utilities have formed a demonstration program aimed at mixing hydrogen into their natural gas distribution pipeline systems. Calling it a first for the state, Southern California Gas Co. and San Diego Gas and Electric Co. plan to use surplus renewable power supplies to produce hydrogen that would be mixed into the…

November 30, 2020
December Natural Gas Futures Finish Week on a High Note After EIA Reports Decrease in Storage

December Natural Gas Futures Finish Week on a High Note After EIA Reports Decrease in Storage

Futures rallied throughout the abbreviated trading week EIA reported a pull of 18 Bcf from gas storage The first third of December could be slightly colder than norms With forecasts hinting at the potential for colder temperatures to move into the United States around the middle of December, natural gas futures rebounded in early trading…

November 30, 2020
Canada Said to Need Low-Carbon Tech, Policy Changes to Meet Net-Zero Emissions Goal

Canada Said to Need Low-Carbon Tech, Policy Changes to Meet Net-Zero Emissions Goal

Canadian oil and gas production will climb for another 20 years without policy changes to help meet the federal government’s new target for net-zero carbon emissions by 2050, the Canada Energy Regulator (CER) said. In the report “Canada’s Energy Future 2020” issued on Tuesday, a CER reference scenario of business as usual forecasts a 47%…

November 30, 2020
As Energy Transition Accelerates, E&Ps Forecast to Continue Contracting, Consolidating

As Energy Transition Accelerates, E&Ps Forecast to Continue Contracting, Consolidating

Consolidation between oil and gas independents is expected to accelerate as the turn toward an energy transition turns on climate change initiatives, according to research by Wood Mackenzie. “A world on a 2 C glidepath does not need thousands of Independents chasing volume,” said consultancy Vice President Luke Parker.  Oil and gas investors are gravitating…

November 30, 2020
Texas Oil and Gas Upstream Picture Brighter as More Jobs Added in October

Texas Oil and Gas Upstream Picture Brighter as More Jobs Added in October

The Texas oil and gas jobs picture was brighter in October for the second consecutive month, but there remains an overhang from Covid-19’s pressure on demand, according to a top energy industry group. The state’s upstream sector added 600 jobs in October, the Texas Oil and Gas Association (TXOGA) said Wednesday. September’s job gains also…

November 30, 2020
Models Hint at Stronger Mid-December Cold as Natural Gas Futures Called Higher

Models Hint at Stronger Mid-December Cold as Natural Gas Futures Called Higher

With forecasts hinting at the potential for colder temperatures to move into the United States around the middle of December, natural gas futures rebounded in early trading Monday. After tumbling 11.8 cents in Black Friday trading, the January Nymex contract was up 8.3 cents to $2.926/MMBtu at around 8:45 a.m. ET. Weather models have been…

November 30, 2020
Weekly Natural Gas Prices Essentially Break Even Amid Shifts in Weather

Weekly Natural Gas Prices Essentially Break Even Amid Shifts in Weather

In a choppy and abbreviated week of trading influenced by shifting weather patterns and demand uncertainty, weekly cash prices ultimately posted a slight loss. NGI’s Weekly Spot Gas National Avg. for the Nov. 23-25 period declined a half-cent to $2.325. The market week was shortened to three days due to the Thanksgiving holiday. Natural gas…

November 25, 2020
December Natural Gas Futures Fly Higher Following Storage Withdrawal; Spot Prices Falter

December Natural Gas Futures Fly Higher Following Storage Withdrawal; Spot Prices Falter

Natural gas futures rallied a third consecutive day in the short holiday week, as markets digested a storage decrease and hints of stronger demand before the December contract rolled off the board as the prompt month at the close of trading Wednesday. The December Nymex contract jumped 12.1 cents day/day to settle at $2.896/MMBtu. January…

November 25, 2020
One Natural Gas Rig Added in U.S., Sturdy Growth in Oil Patch

One Natural Gas Rig Added in U.S., Sturdy Growth in Oil Patch

The U.S. natural gas rig count increased one unit to 77 during the short holiday work week ended Wednesday (Nov. 25), while the overall domestic tally rose sharply on a double-digit increase in the oil patch, according to the latest figures from Baker Hughes Co. (BKR). The United States added 10 rigs overall for the…

November 25, 2020
EIA Records Uptick in Jet Fuel Demand Ahead of Holiday, but Overall Petroleum Demand Falls

EIA Records Uptick in Jet Fuel Demand Ahead of Holiday, but Overall Petroleum Demand Falls

Petroleum demand in the United States declined around 2% last week as motor gasoline use fell, while demand for jet fuel saw an uptick for the period leading up to the Thanksgiving holiday, according to the latest data from the Energy Information Administration (EIA). In its updated Weekly Petroleum Status Report, EIA recorded roughly 19.2…

November 25, 2020