Natural Gas

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New U.S. Rules Seek to Curb Leaks From Oil and Gas Drilling on Public Lands

The U.S. interior department on Wednesday said it had finalized rules aimed at limiting methane leaks from oil and gas drilling on public lands. The policy complements efforts the Biden administration has made at other agencies to reduce emissions of methane, a potent greenhouse gas that tends to leak from drill sites and pipelines. Nearly …

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Oil and Gas Production Decreased in the First Quarter – Dallas Fed

Oil and gas production in Texas, Louisiana and New Mexico decreased in the first quarter of 2024, the Federal Reserve Bank of Dallas said on Wednesday in its quarterly survey of energy activity. The survey of executives at 147 energy firms suggested a small decline in production. A natural gas production index also turned negative …

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U.S. Natgas End-of-Season Storage to Reach 8-Year High in March

U.S. natural gas storage is on track to end the November-March winter withdrawal season at 2.081 trillion cubic feet (tcf) on March 31, the highest since 2016, according to analysts’ estimates. That compares with 1.850 tcf of gas in storage at the end of the winter withdrawal season in 2023, a record 2.486 tcf at …

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Big Oil’s Climate Planning Not Good Enough, Investor Group Says

Summary Climate Action 100+ assessed 10 top oil companies Companies ‘alarmingly unprepared’, TPI Centre’s Sharp U.S. companies perform worse than European peers LONDON, March 27 (Reuters) – The current low-carbon transition plans of 10 of Europe’s and North America’s biggest listed oil and gas companies are not good enough to assess the risks involved, the …

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U.S. Natgas Prices Little Changed at One-Month Low on Mild Weather

U.S. natural gas futures held near a one-month low on Tuesday on forecasts for milder weather and less demand over the next two weeks than previously expected, ample gas in storage and as the amount of gas flowing to liquefied natural gas (LNG) export plants remain low. On its last day as the front-month, gas …

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Banks Shying Away From Fossil Fuels Bolster Private Credit Deals

Bloomberg Private credit managers are doing significantly more fossil-fuel deals now than just a few years ago, as they step into a void left by banks exiting assets they worry pose too big a climate risk. The value of private credit deals in the oil and gas industry topped $9 billion in the 24 months through 2023, …

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Enbridge to Enter into JV Connecting Permian Basin Natural Gas Supply to Growing LNG and USGC Demand

CALGARY, AB, March 26, 2024 /CNW/ – Enbridge Inc. (“Enbridge”) (TSX: ENB) (NYSE: ENB) announced today that it has entered into a definitive agreement with WhiteWater/I Squared Capital (“WhiteWater/I Squared”) and MPLX LP (“MPLX”) to form a joint-venture that will develop, construct, own, and operate natural gas pipeline and storage assets connecting Permian Basin natural gas supply to growing …

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Exxon Warns Australia Faces Sharp Drop in Gas Supply, Calls for Policy Stability

Exxon Mobil Corp on Tuesday gave a dire warning about the outlook of Australia’s domestic gas supply, joining other gas producers in calling for policy stability and more investment in the sector. There is an urgent need for new investment in domestic gas supply and infrastructure to provide energy security and affordability for households and businesses, …

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Environmental Ruling Threatens Wyoming Oil and Gas Drilling Leases

The U.S. Bureau of Land Management did not adequately analyze the potential climate change and wildlife impacts of a major oil and gas lease sale covering roughly 120,000 acres of federal land in Wyoming, a U.S. judge has said. U.S. District Judge Christopher Cooper in Washington, D.C., ruled on Friday that conservation groups had shown …

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