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Freeport LNG expects one of the three gas liquefaction units at its Texas plant to be out of service for a month after it faced a technical issue during Winter Storm Heather, the company said on Friday. Heather is the name given to a deep freeze that spread across Texas and much of the U.S. …
Freeport LNG Faces Month-Long Unit Outage Due to Winter storm Read More »
U.S. natural gas futures were little changed after giving up earlier gains of over 5% on Thursday following a federal report showing last week’s storage withdrawal was massive but in line with analysts estimates. Earlier in the session, prices were up on forecasts for cooler weather and higher heating demand next week than previously expected …
U.S. Natgas Prices Steady After Paring Gains on Expected Massive Storage Draw Read More »
Private equity firm EnCap Investments is exploring a sale of Grayson Mill Energy that could value the Bakken shale-focused oil and gas producer at around $5 billion, inclusive of debt, people familiar with the matter said on Thursday. EnCap has tapped investment bank Jefferies Financial Group to run a sale of Grayson Mill, the sources …
Deal in the Works? EnCap Eyes $5 billion Sale of Shale Producer Grayson Mill Read More »
Trans Mountain Corp will begin line fill in February on its long-delayed Canadian oil pipeline expansion and expects it to be in service in the second quarter, a company executive said on Wednesday. The C$30.9-billion ($23.05 billion) expansion will nearly triple the flow of crude on Trans Mountain from Alberta to Canada’s Pacific Coast but …
IT’S OFFICIAL: Canada’s Trans Mountain Pipeline to Start Up in Second Quarter Read More »
LONDON, Jan 25 (Reuters) – Oil prices rose on Thursday after data showed U.S. crude stockpiles fell more than expected last week and a fresh attack by Houthi forces on ships off Yemen’s coast underscored the peril facing trade in a key global transit route. Brent crude futures were up 98 cents, or 1.2%, to …
Oil Rises on U.S. Crude Stock Draw, Red Sea Attack Read More »
Demand growth remains weak, while supply increases continue to surprise. By Julian Lee Oil prices are creeping higher, but it’s probably too early for the bulls to cheer. Brent crude closed above $80 a barrel Monday for the first time this year, a feat it managed again Wednesday. Citigroup Inc. has warned oil may “pop” to $90 if tensions in …
Commentary: Globally, Oil is Creeping Higher But It’s Not a Healthy Market Read More »
Kinder Morgan said on Wednesday it continues to have a bullish outlook for natural gas demand banking on higher demand from liquefied natural gas (LNG) export facilities and increased exports to Mexico. The United States was the largest exporter of LNG in 2023, with 8.6 million metric tons leaving the country’s terminals in December. The …
Kinder Morgan Remains Bullish on Natural Gas Demand Growth Read More »
The amount of natural gas flowing to the seven big U.S. liquefied natural gas (LNG) export plants has fallen by around 6% so far in January from a record high in December due mostly to the slow return of feedgas from last week’s Arctic freeze. Energy analysts also pointed to recent problems at Freeport LNG’s …
U.S. LNG Feedgas Slow to Return After Arctic Freeze, Problems at Freeport LNG Read More »
The Biden administration is delaying a decision on a Louisiana liquefied natural gas (LNG) export project that would be the United States’ largest, but which has raised the ire of environmentalists, the New York Times reported on Wednesday. Venture Global LNG’s Calcasieu Pass 2 (CP2) project is twice the size of the company’s present CP …
White House Pauses Decision on Louisiana LNG Export Terminal Read More »
U.S. crude oil stockpiles slumped while gasoline inventories jumped last week after winter weather hit crude production and imports, refining, and demand for fuel, the Energy Information Administration said on Wednesday. Crude inventories fell by 9.2 million barrels to 420.7 million barrels in the week ending Jan. 19, the EIA said, compared with analysts’ expectations …
U.S. Crude Stockpiles Slump, Gasoline Builds Amid Winter Storms – EIA Read More »
