Natural Gas

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U.S. Oil and Gas Must Cut Methane 80% to Meet Industry Targets, New Data Shows

Conventional Energy, Energy Topics & Technology, Latest, Methane, Natural Gas, Oil, US News / By

To meet their 2030 climate goals, fossil fuel producers need to curtail methane releases in key regions. One of the most comprehensive aerial surveys of methane gushing from US oil and gas facilities shows operators must slash emissions by roughly 80% or more to meet major industry targets. The nonprofit Environmental Defense Fund conducted about …

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Power Sector Drives Growth in US Natural Gas Demand

Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, Natural Gas, US News / By

By Gavin Maguire LITTLETON, Colorado, July 30 (Reuters) – The power sector is the only major consumer of natural gas that has shown consistent demand growth in recent years, and has become the driving force behind natural gas demand in the United States as consumption from other sectors declines. Natural gas use by power generators …

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US Power Producers Binge on Ultra-Cheap Gas

Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Natural Gas, US News / By

By John Kemp LONDON, July 30 (Reuters) – U.S. electricity generators consumed a record amount of gas in the first four months of the year as prices slumped to the lowest level in real terms for more than half a century. Ultra-low prices encouraged more power production from some of the least-efficient single-cycle gas and …

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US Natgas Prices Jump 4% on Forecast for Record Heat

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By Scott Disavino July 30 (Reuters) – U.S. natural gas futures jumped about 4% to a one-week high on Tuesday on forecasts for record-breaking heat later this week that could boost the amount of gas power generators burn to an all-time high. That price increase came despite a bearish rise in output and forecasts for …

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Middle East Oil Gives U.S. Drillers an Opportunity for Growth

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Oil, US News / By

Helmerich & Payne’s planned takeover may be a sign of things to come. US shale drilling activity appears to have peaked. The number of operating onshore oil rigs is the lowest since 2021, a result of industry consolidation and tighter spending as companies return more profits to shareholders. That presents a challenge for the country’s oil-field contractors. …

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U.S. Natgas Prices Ease to Fresh 12-Week Low on Rising Output

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U.S. natural gas futures eased about 1% on Monday to a fresh 12-week low as producers keep pulling more gas out of the ground. That small price decline came despite forecasts of record-breaking heat later this week, that could boost the amount of gas power generators burn to an all-time high. At the same time, …

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Natural Gas Shows Its Staying Power as U.S. Wind Output Slumps: Maguire

Conventional Energy, Latest, Natural Gas, Renewable Energy, Tri-Pinned, Wind / By

Power producers in the United States are becoming increasingly reliant on natural gas for generation, even as the country builds out renewable energy capacity at a record pace. Renewable energy sources have been grabbing a steadily growing share of the power mix for years, which has allowed power firms to cut coal-fired power and reduce …

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U.S. Oil/Gas Rig Count Rises in July in Biggest Monthly Hike Since Nov 2022 – Baker Hughes

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Latest, Natural Gas, Oil, Tri-Pinned / By

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row, boosting the monthly count by the most since November 2022, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose …

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Meme-Stock Investors Lose Millions on Energy Company Takeover

Conventional Energy, Energy Topics & Technology, Latest, LNG, Mergers and Acquisitions, Natural Gas, US News / By

Meme-stock investors lose millions on energy company takeover Tellurian is a cautionary tale for amateur traders hoping to outsmart Wall Street Bloomberg News For Bjorn Bos and other retail investors who piled into energy company Tellurian Inc. in the past few years, it wasn’t meant to end this way. Several meme stocks, including GameStop and …

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In Gas-Rich Venezuela, Next President Faces Problem of Producing It

CDN and International News, Conventional Energy, Latest, Natural Gas / By

(Reuters) Griselda Ascanio keeps an improvised wood-burning stove ready in her backyard in Maracay, 120 kilometers (75 miles) from Venezuela’s capital, for the frequent gas-supply interruptions that make it difficult to cook. “We cannot just cry about it,” said the 44-year-old administrator, who collects branches that fall from trees. “So we have learned to solve …

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