Natural Gas

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Frigid Temps Cut U.S. Natural Gas Supply as Demand Soars, Texas Faces Possible Shortfall

Conventional Energy, Latest, Natural Gas, US News / By

A man stands outside a coffee shop after a blizzard left several inches of snow, in downtown Des Moines, Iowa, U.S., January 13, 2024. REUTERS/Marco Bello/File Photo Acquire Licensing Rights (Reuters) – U.S. natural gas output fell to a preliminary 11-month low on Sunday as frigid weather froze wells across the country, while gas demand for heating …

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Oil Consumption and Prices Revert to Trend – John Kemp

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

By John Kemp (Reuters) – Global consumption of petroleum and other liquids hit a record high last year and is forecast to increase further in both 2024 and 2025, but that does not necessarily mean prices must rise to ensure demand is met. Worldwide consumption averaged 101.1 million barrels per day (b/d) in 2023, narrowly beating …

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U.S. Proposes Fee on Methane from Big Oil and Gas Producers

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

The U.S. on Friday proposed a fee on emissions of methane from big oil and gas producers as required under the 2022 climate law and as a backstop to wider regulations on the greenhouse gas from energy operations. The fee, proposed by the Environmental Protection Agency, applies to large oil and gas facilities that report …

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U.S. Drillers cut Oil and Gas Rigs for Second Week in a Row – Baker Hughes

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

Jan 12 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by two to 619 …

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U.S. Natgas Prices Soar 8% to 10-Week High Ahead of Frigid Cold and Record Demand

Conventional Energy, Latest, Natural Gas, Tri-Pinned, US News / By

U.S. natural gas futures soared about 8% to a 10-week high on Friday ahead of the long Martin Luther King Day holiday weekend when extreme cold is expected to boost gas demand to record highs while also cutting gas supplies by freezing wells. In recent years, the combination of soaring demand for gas for heating …

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Norway’s Oil and Gas Companies to Step Up Exploration This Year

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Offshore, Oil / By

Country seeks to maintain position as a key supplier to Europe As many as 50 wells are expected to be drilled: directorate Norwegian oil and gas companies will drill more exploration wells this year as the country seeks to maintain its position as a key supplier to Europe. Between 40 and 50 wells are expected to be …

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U.S. Oil and Gas Boom Doesn’t Feel Like One to Workers

Conventional Energy, Latest, Natural Gas, Oil / By

Production is breaking records, but employment and real pay are down. By Justin Fox Justin Fox is a Bloomberg Opinion columnist covering business, economics and other topics involving charts. A former editorial director of the Harvard Business Review, he is author of “The Myth of the Rational Market.” Even amid record production, oil and gas …

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World to Get More Gassy Despite Energy Transition Momentum

Conventional Energy, Latest, Natural Gas, US News / By

(Reuters) – Nearly every major region is boosting investments in the infrastructure needed to increase the use of natural gas in power generation, despite global efforts to transition energy systems away from fossil fuels. Globally, more than $720 billion is to be spent on gas pipelines under construction or planned, and an additional $190 billion …

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COMMENTARY: U.S. Oil and Gas Production Growth Starts to Decelerate: Kemp

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

U.S. oil and gas production continued to climb in October, but there were indications of both starting to flatten and turn down in response to lower prices since the middle of 2022. Oil production from the Lower 48 states excluding Alaska and federal waters in the Gulf of Mexico rose to a record 10.9 million …

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Biden’s Oil Policies Threaten the Next Energy Crisis, Trade Group Warns

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Declaration comes after US oil production hit a record in 2023 Head of industry trade group Mike Sommers spoke in interview By Jennifer A Dlouhy – Bloomberg US oil and gas production is booming, but policies being imposed now could jeopardize the country’s energy might, the industry’s top trade group is warning Washington. That sobering outlook …

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