Monday, March 3, 2025

Rising U.S. LNG Exports Boost Interest in NatGas Futures

From Reuters A surge in speculative interest in the U.S. liquefied natural gas (LNG) export boom has pushed open interest in natural gas futures to an all-time high, traders said on Thursday. Open interest, which measures the number of contracts outstanding, in the Henry Hub front-month hit 386,826 on the New York Mercantile Exchange on Wednesday, topping the previous high

OPEC

OPEC, Non-OPEC Group Agrees to Production Cuts Through 2018

We are in this for the long term: OPEC Supply from the participating countries will be fully adhered to: “I’m going to be breathing down the necks of the other 24 countries, making sure that everybody stays the course” – Al-Falih The contribution of shale in 2017 was “quite moderate” – Al-Falih With the past couple of days of meetings

U.S. Lawmaker Wants EPA's Biofuel Waivers Investigated - Oil & Gas 360

In Battle Over Biofuel, a Rare Setback for Oil

From the New York Times America’s cars run partly on fuels derived from corn and soy. That’s because of a decade-old federal mandate beloved by Midwestern farmers but opposed by an unusual coalition of oil refiners and environmentalists. On Thursday, the Trump administration sided with the farmers and announced that it would stick closely to the current rules and quotas

Alaska Oil: Drilling the Cook Inlet Again

From the Mat-Su Valley Frontiersman With $40-$60 per barrel oil, Hilcorp pushing oil production in written-off basin Not long ago, people were writing off Cook Inlet as a depleted oil producing basin. State agencies were focusing on how to safely shut down the 10 offshore platforms that produce oil. But things have changed. Hilcorp Energy, now the owner and operator

Kurdish Iraq

Former U.S., Iraqi Diplomats Criticize Wisdom of Kurdish Independence Vote

From the Washington Diplomat Iraq’s Kurds badly miscalculated by deciding to hold a referendum on independence just as the last remnants of the Islamic State were being pounded out of existence in both Iraq and Syria. Now, the Kurds’ long-held dream of building a state for what has often been called the world’s largest nation without a state has been

Shell Inks 27-Year Gas Supply Deal to Kick Off Arrow Development

Could ultimately lead to thousands of wells From Australia Financial Review Shell has finally paved the way for a multi-billion dollar development of its large Arrow coal seam gas resource in Queensland, inking a 27-year supply deal that will unlock the biggest chunk of undeveloped gas on the east coast and should ease pressure in the tight east coast market. Some

As Local Control Enters the Wattenberg Field through the Back Door, Crestone Peak Fights Back

Crestone Peak sues Town of Erie to overturn new odor ordinance As oil and gas drilling gets closer to communities, residents are compelling elected leaders to set limits, using land-use and zoning codes to control industrial operations From the Longmont Times-Call Crestone Peak Resources filed a lawsuit Thursday in Weld County seeking to have Erie’s newly enacted odor ordinance ruled unconstitutional. The