Natural Gas – Page 13 – Oil & Gas 360

EXCLUSIVE-Mexico’s Pemex put off repairs despite vast methane leaks: documents and sources

March 22, 2024

Nasdaq MEXICO CITY – Mexican state energy company Pemex put off urgent repairs and maintenance at an important offshore platform for months, resulting in methane spewing into the atmosphere, according to internal documents and three sources familiar with the infrastructure. Methane, the main component of natural gas, is a much more potent driver of global warming in the short term

EQT CEO warns lack of natural gas storage will trigger dramatic price swings

March 21, 2024

World Oil (Bloomberg) – The chief of the largest U.S. producer of natural gas has warned that a lack of pipelines and storage facilities will trigger dramatic price swings in the years ahead, causing them to surge as much 350%. Gas demand in the U.S. has jumped 50% since 2010, while pipeline and storage capacity have increased just 25% and

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

Weekly Gas Storage: Inventories increase by 7 Bcf

March 21, 2024

Natural Gas Inventories as of March 15, 2024 The EIA has released its natural gas inventory report, showing a net increase of 7 Bcf as of March 15, 2024. Working gas in storage was 2,332 Bcf as of Friday, March 15, 2024, according to EIA estimates. This represents a net increase of 7 Bcf from the previous week. Stocks were

CERAWEEK- US should not “flip-flop” on gas export policy- Hess CEO

March 19, 2024

Yahoo Finance HOUSTON – The United States should not flip-flop on its gas export policy, Hess CEO John Hess said on Tuesday. U.S. President Joe Biden’s administration has hit pause on permits for new liquefied natural gas (LNG) export plants to ensure projects do not undermine U.S. targets to cut greenhouse gas emissions. “Consumers have to rely on the United

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count had an increase of 7 this week, at 629

March 15, 2024

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had an increase of 7 over last week, resulting in a total count of 629 rigs. Canada had a decrease of 18 over last week, resulting in a total Canadian count of 207 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Eagle Ford,

Weekly Gas Storage: Inventories decrease by 9 Bcf

March 14, 2024

Natural Gas Inventories as of March 8, 2024 The EIA has released its natural gas inventory report, showing a net decrease of 9 Bcf as of March 8, 2024. Working gas in storage was 2,325 Bcf as of Friday, March 8, 2024, according to EIA estimates. This represents a net decrease of 9 Bcf from the previous week. Stocks were

BP and ADNOC suspend $2-billion Israel gas deal as Gaza war continues

March 13, 2024

Oil Price BP and the Abu Dhabi National Oil Company (ADNOC) have suspended talks to buy a 50% stake in Israel’s natural gas producer NewMed, due to uncertainty in the region, the Israeli company said on Wednesday. In March 2023, BP and the national oil company of one of the leading Middle Eastern oil and gas producers, the United Arab Emirates (UAE), offered

EQT announces transformative acquisition of Equitrans Midstream

March 11, 2024

Oil and Gas 360 03/11/2024 Creates America’s only large-scale, vertically integrated natural gas company prepared to compete on the global stage All stock transaction with combined company enterprise value over $35 billion Provides >2,000 miles of critical pipeline infrastructure with extensive overlap with EQT’s core upstream operations and existingmidstream assets Reduces EQT’s long-term corporate free cash flow breakeven(1) to less than $2

Biden’s pause on new LNG export permits could last for months

March 8, 2024

Oil Price The U.S. Administration’s pause on approvals of new LNG export projects could last for several months until the U.S. Department of Energy reviews the grounds for authorizations, a DOE official told Bloomberg in an interview on Friday. At the end of January, the Biden Administration said it was pausing all pending decisions on U.S. LNG export projects until the Department of Energy

U.S. rig count had a decrease of 7 this week, at 622

March 8, 2024

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 7 over last week, resulting in a total count of 622 rigs. Canada had a decrease of 6 over last week, resulting in a total Canadian count of 235 rigs. Breakdown by region Of the regions tracked by Baker Hughes, no regions experienced

New gas discoveries offer glimmer of hope for Colombia’s energy sector

March 8, 2024

Oil Price Despite significant potential, Colombia’s oil and gas industry has had a variety of highs and lows due to political disruption, varying international interest and other determining factors. With a more stable political outlook for the coming years, Colombia hopes to get its oil output back on track, but it is still uncertain whether the South American country will

Weekly Gas Storage: Inventories decrease by 40 Bcf

March 7, 2024

Natural Gas Inventories as of March 1, 2024 The EIA has released its natural gas inventory report, showing a net decrease of 40 Bcf as of March 1, 2024. Working gas in storage was 2,334 Bcf as of Friday, March 1, 2024, according to EIA estimates. This represents a net decrease of 40 Bcf from the previous week. Stocks were

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