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Forecasters say prices for the fuel are set to rise by over a third in the second half of the year. US natural gas bulls, who have waited months for prices to rebound from a lackluster winter, finally got some good news this week. The US Energy Information Administration forecast on Tuesday that prices for the fuel …
U.S. Natural Gas Bulls Finally Get Some Good News Read More »
(Reuters) – The Texas energy industry was evaluating the impact from Hurricane Beryl on Monday after the powerful storm lashed the U.S. Gulf Coast, closing key shipping ports and hitting the oil refining and production sectors. Beryl made landfall near the coastal town of Matagorda, Texas, on Monday morning, packing maximum sustained winds of 80 …
Texas Energy Industry Assesses Damage After Hurricane Beryl Batters Gulf Coast Read More »
East coast markets face challenge, independent inquiry says Report calls for increase in domestic production and supplies Australia, one of the world’s largest liquefied natural gas shippers, faces a shortage within a little more than two years, according to an independent inquiry, which urged a boost to production to meet the challenge of rising demand. …
Australia Runs the Risk of Gas Shortfall by 2027, Watchdog Says Read More »
Ruling is latest in battle concerning Louisiana Energy Gateway Energy Transfer owns key stretch of lines in Texas, Louisiana Energy Transfer LP can’t stop Williams Cos. from building a natural gas pipeline across the path of the company’s own conduit in Louisiana, a district court in the state ruled. The by the 42nd Judicial District Court of DeSoto Parish …
Williams Can Cross Path of Energy Transfer Gas Pipeline, Court Rules Read More »
Soaring production from shale, wind and solar helped create the biggest glut since at least 1949. Yet demand may soon catch up. Energy scarcely got a look-in during last week’s US presidential debate, but its brief mention is still worth a closer look. In response to a question about the events of Jan. 6, 2021, …
U.S. is Enjoying a Growing Energy Surplus – For Now Read More »
A group of European Union and U.S. Democrat lawmakers has asked the International Energy Agency to develop international standards for measuring the oil and gas sector’s emissions of methane, to help countries adopt tougher measures targeting the potent greenhouse gas, a letter showed on Tuesday. The EU will impose methane emissions limits on Europe’s oil …
US, EU Lawmakers Seek International Methane Standard for Oil and Gas Read More »
U.S. natural gas futures fell as weather forecasts shifted cooler for the central part of the country. Gas storage remains significantly above the five-year average, inciting fears of a continued oversupplied market, and production is strong. Futures for August delivery settled -12.3c, or -4.7%, to $2.478/mmbtu on Nymex Lowest close since May 15 Weather: Forecasts are trending …
U.S. Natural Gas Declines as Weather Moves Cooler in Central US Read More »
Saudi Aramco has awarded construction contracts worth $25 billion for the development of its Jafurah gas project, as it looks to boost production of the fuel considered a key part of plans to reduce plant-warming emissions. The contracts awarded include $12.4 billion for increasing gas output at Jafurah, plus $8.8 billion for expanding the so-called master gas system, …
Saudi Aramco Awards $25 Billion in Contracts For Gas Expansion Read More »
Spot natural gas prices at the Waha hub in West Texas turned negative for a second time this week even as power demand was set to break the record high for June as homes and businesses crank up their air conditioners to escape a brutal heat wave. The Electric Reliability Council of Texas (ERCOT), which …
Texas Natgas Prices Negative Even With Power Use Near June Record in Heat wave Read More »
The consolidation wave in the U.S. energy sector that triggered $250 billion worth of deals in 2023 has stretched into this year, as companies look for opportunities to deploy their cash hoard and boost their oil and gas reserves. The total value of deals in January and February hit the highest level since the first …
U.S. Energy Sector Deals Accelerate in Quest for Reserves Read More »
