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U.S. natural gas pipeline venture Mountain Valley asked federal regulators on Monday to authorize its Virginia pipeline project to be in service by June 11.The company said in a filing with the Federal Energy Regulatory Commission (FERC) that the final segments of the project were being purged and packed with natural gas. Mountain Valley added …
Mountain Valley Seeks Authorization for Virginia Natgas Pipe Read More »
Azerbaijan has agreed to double gas exports to Europe by 2027 ‘Long list’ of nations asking for gas, deputy minister says Months after the world agreed to transition away from fossil fuels at UN-led climate talks, the demand for natural gas from the host of this year’s COP29 is growing in Europe and elsewhere. Azerbaijan, …
COP29 Host Sees Gas Demand Soar Despite Phase-Out Plans Read More »
U.S. oil and gas production are finally showing signs of flattening out as drilling rigs and well completion crews have been idled in response to the retreat in prices since the middle of 2022. Nationwide crude and condensates production was running at almost 13.2 million barrels per day (b/d) in March 2024 according to the …
U.S. Oil and Gas Production Show Signs of Flattening: Kemp Read More »
Dive into Close The Divide, a compelling documentary now streaming on Apple TV, Amazon Prime, and YouTube Movies. This film masterfully explores the pressing issues of climate change amidst the global energy crisis, making it a must-watch for anyone involved in …
U.S. spot natural gas prices at the Henry Hub benchmark in Louisiana fell to a four-year low in May, according to data from financial firm LSEG. Gas prices averaged $2.12 per million British thermal units (mmBtu) in May, their lowest since falling to a 25-year low of $1.75 during the month in 2020. That compares …
U.S. Henry Hub Natgas Prices Fall to Four-Year Low in May Read More »
Japan’s top city gas supplier Tokyo Gas is looking to add more U.S. natural gas assets, its president said on Monday, as it aims to expand its gas-related businesses in North America after its recent acquisition of a U.S. shale gas producer. The Japanese company paid $2.7 billion to acquire Texas-based natural gas producer Rockcliff …
Tokyo Gas Seeks More U.S. Natural Gas Assets, President Says Read More »
(Reuters) – U.S. oil drillers are sticking to pledges to temper spending on boosting output, keeping the world’s top crude producer on course for slower growth in 2024 in what may ease pressure on OPEC+ to make further supply cuts this weekend. The U.S. has driven growth in global oil supply from non-OPEC producers over …
U.S. Oil Producers Maintain Modest Growth as OPEC+ Eyes Extended Cuts Read More »
U.S. natural gas futures slid about 2% on Thursday on signs some drillers were starting to pull more gas out of the ground and worries about the tremendous oversupply of gas still in storage with a bigger than expected storage build last week. Prices declined despite forecasts for higher demand next week than previously expected …
U.S. Natgas Prices Slide 2% on Bigger-Than-Expected Storage Build Read More »
U.S. utilities likely added a smaller-than-usual 78 billion cubic feet (bcf) of natural gas into storage last week as low gas prices earlier this year caused drillers to cut output, a Reuters poll showed on Wednesday. That compares with an injection of 106 bcf during the same week a year ago and a five-year (2019-2023) …
U.S. Natgas Stockpiles Seen up 78 Bcf in Week Ended May 24 Read More »
U.S. energy company Glenfarne Group LLC has asked federal energy regulators for five more years until November 2029 to put its proposed Texas LNG export plant in Texas into service, according to a filing made available on Tuesday. Texas LNG is one of more than three dozen LNG export plants being developed in the U.S., …
Glenfarne Seeks Five More Years Until 2029 to Build Texas LNG Export Plant Read More »
