Tuesday, February 18, 2025
Weekly Gas Storage: Inventories decrease by 40 Bcf- oil and gas 360

Weekly Gas Storage: Inventories decrease by 100 Bcf

Natural Gas Inventories as of February 7, 2025 The EIA has released its natural gas inventory report, showing a net decrease of 100 Bcf as of February 7, 2025. Working gas in storage was 2,297 Bcf as of Friday, Februrary 7, 2025, according to EIA estimates. This represents a net decrease of 100 Bcf from the previous week. Stocks were

EU considers temporary cap on natural gas prices- oil and gas 360

EU considers temporary cap on natural gas prices

(Oil Price) – European Union officials are considering the potential introduction of a cap on natural gas prices as part of discussions on a clean industrial deal policy to boost Europe’s industry. Europe is losing competitiveness due to the European gas prices which are up to four times higher than those in the United States. A cap on prices is

Europe’s oil demand could rise as natural gas soars to $100 a barrel equivalent- oil and gas 360

Europe’s oil demand could rise as natural gas soars to $100 a barrel equivalent

(Oil Price) – Amid cold winter weather and fast-depleting inventories, Europe’s natural gas prices jumped on Monday to a two-year high to levels of over $100 per barrel oil equivalent, which now makes burning oil for industrial use more cost-effective. Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, surged by 4% in Amsterdam on Monday, to the highest level since February

Europe's strong gas use pace may wilt as coal-switching kicks in: Maguire- oil and gas 360

Europe’s strong gas use pace may wilt as coal-switching kicks in: Maguire

(Investing) – LITTLETON, Colorado – Many of northern Europe’s largest economies have sharply boosted gas-fired power generation so far in 2025, helping to lift regional gas prices to their highest since early 2023. Gas-fired output during January in Germany, the United Kingdom (TADAWUL:4280), the Netherlands and Poland all jumped by well over 10% from January 2024’s levels to their highest for that month

Buyout firm NGP seeks $2 billion sale of gas producer Camino, sources say- oil and gas 360

Buyout firm NGP seeks $2 billion sale of gas producer Camino, sources say

(BOE Report) – Private equity firm NGP Energy Capital Management is exploring a sale of natural gas producer Camino Natural Resources, which may achieve a valuation of around $2 billion including debt, sources familiar with the matter said on Thursday. Among the largest remaining private producers in the Anadarko basin of Oklahoma, Camino covers around 135,000 net acres. Owner NGP

Liberty Energy, Cummins to deploy natural-gas-powered hydraulic frac system- oil and gas 360

Liberty Energy, Cummins to deploy natural-gas-powered hydraulic frac system

(World Oil) – Cummins and Liberty Energy have announced that the industry’s first natural gas variable speed, large displacement engine to power Liberty’s digiPrime hydraulic fracturing platform will be deployed in the first half of 2025. The companies entered into a strategic partnership in June 2024 to jointly develop the revolutionary technology for the completions services market. Cummins HSK78G natural

Weekly Gas Storage: Inventories decrease by 40 Bcf- oil and gas 360

Weekly Gas Storage: Inventories decrease by 321 Bcf

Natural Gas Inventories as of January 24, 2025 The EIA has released its natural gas inventory report, showing a net decrease of 321 Bcf as of January 24, 2025. Working gas in storage was 2,571 Bcf as of Friday, January 24, 2025, according to EIA estimates. This represents a net decrease of 321 Bcf from the previous week. Stocks were

Chevron partners with Engine No. 1, GE Vernova to power US data centers- oil and gas 360

Chevron partners with Engine No. 1, GE Vernova to power US data centers

(BOE Report) – Energy major Chevron said on Tuesday it has signed an agreement with investment firm Engine No. 1 and GE Vernova to build natural gas-based power plants to run co-located data centers in the U.S. The announcement comes just a week after U.S. President Donald Trump revealed a private sector investment of up to $500 billion to fund infrastructure for

U.S. reinstates certificate for Williams’ Transco pipeline’s expansion project- oil and gas 360

U.S. reinstates certificate for Williams’ Transco pipeline’s expansion project

(BOE Report) – The U.S. energy regulator has reinstated the certificate for Williams Companies’ Transcontinental Gas Pipe Line (Transco) on Friday, the company said on Monday, which would allow the expansion of the project. Last year, a U.S. appeals court said the Federal Energy Regulatory Commission (FERC) should have better assessed the risk of significant greenhouse gas emissions, throwing out its

Colder than what was expected and predicted- oil and gas 360

Energy Market Assessment: Colder than what was expected and predicted

(Oil and Gas 360) – Colder Than What Was Expected And Predicted, But Most Still Bearish Has Them Set Up To Soon Be Caught Natural Gas Supply/Investing Short.    For natural gas heat the temperatures of late are not as cold as the brief episode at this time last year.  Two weeks ago 244 natural-gas-heat weighted heating degree days were experienced

Weekly Gas Storage: Inventories decrease by 40 Bcf- oil and gas 360

Weekly Gas Storage: Inventories decrease by 223 Bcf

Natural Gas Inventories as of January 17, 2025 The EIA has released its natural gas inventory report, showing a net decrease of 223 Bcf as of January 17, 2025. Working gas in storage was 2,892 Bcf as of Friday, January 17, 2025, according to EIA estimates. This represents a net decrease of 223 Bcf from the previous week. Stocks were