Auto Added by WPeMatico
(Reuters) – Natural gas-fired power generation in the United States has climbed nearly 6% through June 17 from the same period a year ago, as above-normal temperatures lifted use of power-hungry air conditioners. U.S. power generation from natural gas from Jan. 1 through June 17 was just over 30 million megawatt hours (MWh), according to …
U.S. Power System Cranks Up Gas Output as Cooling Season Kicks Off Read More »
U.S. natural gas futures rose more than 4% on Tuesday, helped by forecasts for warmer-than-usual weather and higher demand for the next week than previously expected. Meteorologists projected weather across the Lower 48 states would remain hotter than normal through at least July 3. Temperatures are expected to be above normal starting July across more …
U.S. Natgas Rises Over 4% on Hot Weather, Higher Demand Forecasts Read More »
A new presentation from the Legislative Finance Committee reported a revenue of $15.2 billion from the extractive industry to New Mexico in fiscal year 2023. Land income generated $8.6 billion, while taxes generated $6.6 billion. By George Sharpe Vermont just passed a law intended to “fine” oil and gas companies for the damages caused by …
OPINION: Vermont is Learning the Hard Way That Renewables Don’t Replicate O&G Read More »
June 14 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating to the lowest since January 2022, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell …
US Drillers Cut Oil and Gas Rig Count to Lowest Since January 2022 -Baker Hughes Read More »
Robust demand and supply disruptions are setting the stage for much higher — and more volatile — natural gas prices this summer. First off, Asian consumption is staying strong, leaving less liquefied natural gas for Europe. India keeps taking some shipments, even as the worst of a heat wave looks over. Hotter-than-normal weather looming in Japan …
Gas Markets Brace for NatGas Price Spikes During Turbulent Summer Read More »
EQT Corp. CEO Toby Rice announced that the Pittsburgh-headquartered company is now reinstating the 1 billion cubic feet per day (Bcf/d) that was previously curtailed since late February, Natural Gas Intelligence said in a report on Wednesday. EQT Corp., the leading producer of natural gas in North America, reduced production earlier this year due to …
EQT Restarts Curtailed Gas Production, Natural Gas Intelligence News Says Read More »
The nation’s largest oil trade group, which includes Exxon Mobil and Chevron, will file a federal lawsuit on Thursday seeking to block the Biden administration’s efforts to reduce planet-warming emissions from cars and light trucks and encourage electric vehicle manufacturing, the group said. The U.S. Environmental Protection Agency issued new tailpipe emission rules in March that will force …
Largest U.S. Oil Trade Group to Sue to Block Biden’s EV Push Read More »
U.S. natural gas futures slid about 2% on Wednesday on expectations the startup of the Mountain Valley Pipeline will soon allow more cheap gas from the Appalachia shale basin to flow to markets. Federal energy regulators approved the startup of the Mountain Valley Pipeline from West Virginia to Virginia late Tuesday. Analysts expect the Mountain …
U.S. Natural Gas Prices Slide 2% After Mountain Valley Pipe Startup Approved Read More »
By Reuters June 12 (Reuters) – Mountain Valley can begin operating its $7.85 billion Virginia natural gas pipeline after receiving approval from the U.S. Federal Energy Regulatory Commission (FERC) according to a filing on Tuesday. The Mountain Valley project, the only big gas pipeline under construction in the U.S. Northeast, has encountered numerous regulatory and court …
Mountain Valley Gets Regulator’s Approval for U.S. Natural Gas Pipeline Read More »
U.S. natural gas production will drop more this year than earlier estimates and demand will hit a record, the U.S. Energy Information Administration said in its Short Term Energy Outlook on Tuesday. EIA projected dry gas production will ease from a record 103.8 billion cubic feet per day (bcfd) in 2023 to 102.1 bcfd in …
U.S. EIA Deepens forecast for drop in U.S. natgas output in 2024 Read More »
