Story of the day
Devon Supporting Efforts to Sanction Another Permian Natural Gas Pipe, Says CFO
Earnings
Shell Overcomes Slumping Natural Gas Prices as Global LNG Volumes, Production Increase
Anyone wanting to perfect the basic fundamentals of trading and optimizing LNG sales on the global market probably need look no further than to Shell plc. The No. 1 global liquefied natural gas trader, and Europe’s leading oil and gas producer, overcame slumping commodity prices during the first quarter to deliver increased production and higher…
May 2, 2024
Markets
Natural Gas Forwards Slide as Pipe Maintenance Impacts West Texas Outlook
Amid continued downward pressure from excess storage inventories, and with cooling demand yet to ramp up in earnest, regional natural gas forwards drifted lower during the April 25-May 1 trading period, according to NGI’s Forward Look. June fixed prices at Henry Hub exited the period at $1.939/MMBtu, down 4.6 cents week/week. In line with the…
May 2, 2024
Earnings
MPLX Opens Door to Growth Opportunities in ‘Liquids-Rich’ Marcellus, Utica and Permian
MPLX LP management said two strategic transactions announced in the first quarter would open the door to growth opportunities in the Marcellus and Utica shales and the Permian Basin. During a conference call to discuss quarterly performance, CEO Michael Hennigan told analysts that exploration and production (E&P) companies are targeting liquids-rich acreage in the Northeast.…
May 2, 2024
Earnings
E&Ps Signaling Uptick in U.S. Drilling, but Timing Still Uncertain, Says H&P CEO
The slump in natural gas prices has pressured the U.S. land market, but signs are emerging that the rig count may be “nearing a leveling off point,” according to the CEO of Helmerich & Payne Inc. (H&P). Activity between January and March in the Lower 48 was fairly solid, CEO John Lindsay said during the…
May 2, 2024
LNG
Labor Crunch Could Push Back Golden Pass Start-Up – Three Things to Know About the LNG Market
NO. 1: Golden Pass LNG’s timeline for starting production could slip further into 2025. A shortage of skilled workers and other construction issues are reportedly causing delays. Market speculation about the project has grown this week as traders continue to watch U.S. export projects along the Gulf Coast for signs of new demand later this…
May 2, 2024
Earnings
Diamondback Ready to Support Scaling West Texas Natural Gas Egress
Pipeline constraints in the oil-rich Permian Basin have not impacted Diamondback Energy Inc.’s production, but “pushing out more pipes” could help low natural gas prices in West Texas. During a call to discuss first quarter results, CEO Travis Stice said, “we’re going to continue to need pipes being built about every 12-18 months in the…
May 2, 2024
Mexico
Mexico Imports of U.S. Natural Gas Surge as Domestic Production Sputters – Spotlight
North American natural gas futures worked their way above $2.00/MMBtu this week amid tighter U.S. production and storage levels. Mexico imports, meanwhile, of U.S. natural gas have started to hit their stride in the lead-up to summer. Over the last 10 days, Mexico imported 7.38 Bcf/d of natural gas via pipeline from the United States,…
May 2, 2024
Regulatory
Federal Court Affirms Kinder’s Evangeline Pass Natural Gas Pipe Expansion to Supply Plaquemines LNG
A move to force more scrutiny of Kinder Morgan Inc.’s Evangeline Pass natural gas pipeline expansion in Louisiana was struck down Tuesday by a federal appeals court. The U.S. Court of Appeals for the District of Columbia Circuit tossed a petition to halt the Evangeline Pass Expansion underway by Kinder’s Tennessee Gas Pipeline Co. LLC. …
May 2, 2024International
Egypt Boosts LNG Import Capacity with FSRU Charter – The Offtake
A roundup of news and commentary from the global gas market Egypt has secured a floating storage and regasification unit from Höegh LNG Holdings Ltd. to secure more natural gas imports to the energy-hungry country as the outlook for its exports to the global market dims. Egyptian Natural Gas Holding Co. has brokered a deal…
May 2, 2024Recent News
Regulatory
U.S. Natural Gas Generators to Face Increased Oversight Under Biden Administration Rules
May 3, 2024
Earnings
Devon Supporting Efforts to Sanction Another Permian Natural Gas Pipe, Says CFO
May 3, 2024
Daily Gas Price Index
As one of only two price reporting agencies that include ICE trade data to determine natural gas price indexes, NGI delivers robust indexes at a competitive price.
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E&P
Three Natural Gas Rigs Exit U.S. Onshore, BKR Says
The U.S. natural gas rig count slid to 102 during the week ended Friday (May 3) as three rigs were sent packing for the period, according to updated figures from oilfield services provider Baker Hughes Co. (BKR). The 102 active U.S. natural gas rigs as of Friday represented a decline of 55 rigs versus the…
May 3, 2024Mexico Gas Price Index
Daily news and natural gas pricing information service focused on price transparency in Mexico.
• Experienced insight into Mexican regulatory requirements, process guidelines and governmental oversight
• Regular interviews with Mexico natural gas subject matter experts
• NGI-calculated cost-plus-transport pricing, as well as official IPGN pricing
Markets
Natural Gas Futures, Spot Prices Find Fresh Footing Following Seasonally Light Storage Increase
Natural gas futures on Thursday snapped a two-day losing streak, bolstered by a bullish storage print, lower production and forecasts for strong summer heat. At A Glance: EIA prints 59 Bcf injection Hotter temperatures ahead Output hovers at 97.6 Bcf/d The June Nymex gas futures contract rallied 10.3 cents day/day and settled at $2.035/MMBtu. After…
May 2, 2024Natural Gas Prices
June Natural Gas Futures Rally Above $2 Following Bullish Government Storage Print
May 2, 2024Shale Daily
Impactful news and transparent pricing for shale and unconventional plays across the U.S. and Canada.
• Natural gas prices at 20+ North American shale basins and unconventional plays
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E&P
Three Natural Gas Rigs Exit U.S. Onshore, BKR Says
The U.S. natural gas rig count slid to 102 during the week ended Friday (May 3) as three rigs were sent packing for the period, according to updated figures from oilfield services provider Baker Hughes Co. (BKR). The 102 active U.S. natural gas rigs as of Friday represented a decline of 55 rigs versus the…
May 3, 2024