Shale Daily

“My first hope for the next presidential administration in Mexico, whoever wins, is that they are receptive and listen to the voices of the sector,” Beatriz Marcelino, CEO of Grupo CIITA, told NGI’s Mexico GPI. “During the first years of this administration, the doors were closed for us and members of the sector and we…

Natural gas futures flipped to gains and losses through midday trading Friday as the market weighed opposing LNG factors. For bears, interruptions to work at the Golden Pass liquefied natural gas project fed speculation about potential delays, while bulls cheered Freeport starting up a third train. Here’s the latest: June Nymex futures down 3.9 cents…

The U.S. natural gas rig count inched up by one to 103 operating for the week ended Friday (May 10), according to updated figures from oilfield services provider Baker Hughes Co. (BKR). The 103 active U.S. natural gas rigs as of Friday represented a decline of 38 rigs versus the year-earlier count of 141, according…

Sempra is betting on substantial growth in global LNG demand over the coming years despite regulatory uncertainty over the future of U.S. exports, management said. CEO Jeffrey Martin hosted a conference call to discuss first quarter 2024 earnings for the San Diego, CA-based energy firm. Through its Sempra Infrastructure unit, the company has nearly 40…

Golden Pass LNG confirmed interruptions on the Texas export project could be coming after reported worker furloughs, citing ongoing negotiations between its engineering, procurement and construction (EPC) contractors. San Antonio-based Zachry Group informed hourly subcontractors Thursday not to come to the Sabine Pass, TX, site until further notice and referenced a “fuel shortage” issue, according…

Southeast Asia’s recent heatwave is leading to a jump in power demand for air conditioning, increasing demand and competition for May and June spot LNG cargoes in the region. Southeast Asia has been suffering a repeat of last summer’s scorching weather as temperatures in Cambodia, Thailand and India soared above 105 F and are expected…

Natural gas futures were trading lower early Friday as uncertainty over near-term weather demand shifted attention away from a rebound in Freeport LNG feed gas flows and Thursday’s bullish government storage report.  The June Nymex contract was down 3.5 cents to $2.266/MMBtu at around 8:45 a.m. ET. An hour earlier, the contract had been trading…

Natural gas futures flew higher Thursday, gaining ground for the fifth time in six sessions as production continued to slide and storage excesses gradually narrowed. At A Glance: EIA prints 79 Bcf Injection Output below 96 Bcf/d Summer weather nears Following a breather the prior session – a 2.0-cent dip – the June Nymex gas…

North American natural gas forwards rallied across the 2024 strip during the May 2-8 trading period as sagging production readings and an incrementally supportive LNG export outlook stirred bullish optimism. Benchmark Henry Hub set the tone, with June fixed prices rallying 25.5 cents week/week to reach $2.194/MMBtu, according to NGI’s Forward Look. Negative Basis in…