NGI Archives

Infraestructura Energética Nova (IEnova), the Mexican unit of San Diego-based Sempra Energy, plans to make a final investment decision (FID) on the Energía Costa Azul (ECA) liquefaction project in Baja California before the end of March, company officials said during a quarterly conference call Thursday.

For the first time in three years, the Energy Information Administration (EIA) is predicting a month-to-month decline in total natural gas production from seven of the most prolific onshore U.S. unconventional plays in March, and oil production is expected to remain virtually flat.

Construction on Kinder Morgan Inc.’s 2 Bcf/d Permian Highway Pipeline (PHP) is to continue after a Texas court found no evidence that the project should be halted for not following federal requirements.

Buoyed by record low prices, natural gas is advancing farther south of Mexico and into the Caribbean, principally as a fuel for power generation.

Natural gas prices remain bogged down and, despite an expected upturn beginning in the second quarter, are likely to average only $2.21/MMBtu this year, according to the Energy Information Administration (EIA).

Under scrutiny from the U.S. Court of Appeals for the District of Columbia Circuit, and facing criticism that it has impinged on the due process rights of pipeline challengers, FERC on Monday said it is taking steps to address concerns over its handling of rehearing requests.

Claiming that the Eagle Ford Shale of South Texas “does not stop at the waters of the Rio Grande,” Gov. Francisco Javier García Cabeza de Vaca of Mexico’s Tamaulipas state said Friday that federal authorities should resume oil and gas bid rounds, which President Andrés Manuel López Obrador has suspended.

In the story “Chevron Studying Potential for Carbon Capture Project in California,” the expected completion date of the pre-front end engineering design study was misstated. It is scheduled for the end of June. NGI’s Shale Daily regrets the error.

The Lower 48, and in particular the Permian Basin, will continue to draw growing investments from ExxonMobil Corp., Chevron Corp. and BP plc as they work to improve global natural gas and oil supply, the management teams said during fourth quarter conference calls.