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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 »
U.S. spot gas prices in Southern California fell to a record low for Tuesday, while power in Arizona and California remained negative amid low energy demand over the Memorial Day holiday weekend and ample cheap hydropower and other renewable supplies. Negative prices signal there is too much power or gas being produced in a region. …
U.S. Spot Natgas Prices Hit Record Low in California, Power Prices Remain Negative Read More »
(Reuters) – European Union countries approved a law on Monday to impose methane emissions limits on Europe’s oil and gas imports from 2030, pressuring international suppliers to cut leaks of the potent greenhouse gas. Methane is the main component of the natural gas countries burn in power plants and to heat homes. It is also …
EU Approves Law to Hit Gas Imports with Methane Emissions Limit Read More »
A 63% spike in U.S. natural gas futures prices over the past three weeks was enough to push some drillers to start pulling more fuel out of the ground, according to energy analysts and data from financial firm LSEG. To be sure, gas production was still down around 8% so far this year after several …
U.S. Natgas Price Spike Prompts Drillers to Return to Wellpad in May Read More »
An Exxon Mobil-led oil consortium may need to decide by October whether it will go ahead and develop a large natural gas find off the coast of Guyana, the country’s vice president said on Thursday. The government has been pressing for a bonanza from mostly untapped gas reserves found by the Exxon-led group. The consortium, which …
Guyana May Reallocate Gas Areas if Exxon Does Not Move Project Forward Read More »
U.S. natural gas futures climbed about 2% to a four-month high on Thursday on expectations utilities injected less gas into storage than usual for this time of year for a fourth week in a row. Analysts forecast U.S. utilities added 85 billion cubic feet (bcf) of gas into storage during the week ended May 17. …
U.S. Natgas Prices up 2% to Four-Month High Ahead of Federal Storage Report Read More »
U.S. natural gas pipeline venture Mountain Valley Pipeline pushed back the target in-service date of its long-delayed pipe from West Virginia to Virginia to early June from the prior target of “prior to June 1”. The company told federal energy regulators in a filing late Tuesday that the small delay was “due to the extended …
U.S. Mountain Valley Sees WV-VA Natgas Pipe in Service in Early June Read More »
The main oil company of the United Arab Emirates bought a stake in NextDecade Corp.’s natural gas export project in Texas, its first acquisition in the US that will also give it supply from the plant for 20 years. Abu Dhabi National Oil Co. will take a 11.7% stake in phase 1 of the Rio Grande …
Adnoc Buys Stake in NextDecade’s LNG Project in First U.S. M&A Read More »
Fossil fuel groups have sued the U.S. Bureau of Land Management seeking to block a rule that will raise fees for oil and gas development on federal lands as a part of the U.S. government’s broader effort to boost returns and address environmental harms stemming from drilling on public lands. The Western Energy Alliance, a …
Oil, Gas Groups Sue to Block U.S. Rule Raising Drilling fees on Public Lands Read More »
