Natural Gas – Page 15 – Oil & Gas 360

CenterPoint to sell Louisiana, Mississippi natgas assets for $1.2 bln

February 20, 2024

Yahoo Finance Transaction valuation represents approximately 32 multiple of 2023 Louisiana and Mississippi Local Distribution (LDC) earnings Sale will enable company to efficiently recycle approximately $1 billion in anticipated after-tax cash proceeds to support industry-leading capital plan Transaction also enables CenterPoint to reprioritize future capital investments related to those assets of approximately $1 billion elsewhere across its regulated Electric and

Guyana President calls for “immediate” development of natural gas resources

February 20, 2024

World Oil (Bloomberg) – Guyana President Irfaan Ali called for the “immediate” development of its natural gas resources to make the South American country a regional energy powerhouse on top of its rapidly-growing oil exports. The government is requesting that companies propose strategies to produce more natural gas, Ali said at the Guyana Energy Conference & Supply Chain Expo in

U.S. drillers scale back operations as gas prices tumble

February 16, 2024

Oil Price U.S. natural gas producers are beginning to reduce drilling and investment as low prices weigh on their returns. Reuters reports that natural gas prices in the U.S. hit the lowest in three and a half year, betraying drillers’ expectations for a rebound this year after last year’s price depression due to ample supply. As a result, they are no longer

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

Weekly Gas Storage: Inventories decrease by 49 Bcf

February 15, 2024

Natural Gas Inventories as of February 9, 2024 The EIA has released its natural gas inventory report, showing a net decrease of 49 Bcf as of February 9, 2024. Working gas in storage was 2,535 Bcf as of Friday, February 9, 2024, according to EIA estimates. This represents a net decrease of 49 Bcf from the previous week. Stocks were

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 4 this week, at 623

February 9, 2024

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had an increase of 4 over last week, resulting in a total count of 623 rigs. Canada had no change over last week, resulting in a total Canadian count of 232 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Granite Wash, the Haynesville,

House committee to probe Biden’s LNG export freeze

February 8, 2024

World Oil (Bloomberg) – A House committee is probing the Biden administration’s decision to pause liquefied natural gas (LNG) export approvals, asking the Energy Department to justify why a moratorium on project approvals is needed while the agency conducts a study that could take more than a year. In a letter sent to Energy Secretary Jennifer Granholm, the House Committee

Weekly Gas Storage: Inventories decrease by 75 Bcf

February 8, 2024

Natural Gas Inventories as of February 2, 2024 The EIA has released its natural gas inventory report, showing a net decrease of 75 Bcf as of February 2, 2024. Working gas in storage was 2,584 Bcf as of Friday, February 2, 2024, according to EIA estimates. This represents a net decrease of 75 Bcf from the previous week. Stocks were

Canada looks to capitalize as U.S. pauses LNG export licenses

February 7, 2024

Oil Price The Biden administration’s decision to pause approvals of new licenses to export liquefied natural gas (LNG) is making major waves both at home and internationally. While there is much hand-wringing about the economic implications of the deal for the United States and its energy trade partners, at least one man, Canadian Energy Minister Jonathan Wilkinson, sees an opportunity for his

Sparq Renewables, NextEra Energy break ground on Oklahoma RNG project

February 7, 2024

Waste Today Publisher’s Note: Congratulations, Sparq Renewables! EnerCom celebrates the continued success of our clients. Sparq Renewables, based in Oklahoma City, the city of Enid, Oklahoma, and NextEra Energy Resources LLC, based in Juno Beach, Florida, have announced the groundbreaking of the Scissortail Renewables project, a renewable natural gas (RNG) plant that will convert methane from municipal waste into renewable energy for

Natural gas producer EQT CEO dismisses Biden’s LNG freeze as political stunt

February 7, 2024

World Oil (Bloomberg) – The chief executive officer of the country’s largest producer of natural gas dismissed the Biden administration’s move to freeze new liquefied natural gas (LNG) exports as a political stunt, telling House lawmakers during a hearing Tuesday that the decision was designed to secure support at the ballot box. “Let’s call this what it is: the Biden

Will U.S. oil boom keep booming?

February 5, 2024

Oil Price When last October Hamas attacked Israel, oil prices jumped higher, as always happens when armed conflict breaks out in the Middle East. Just a week or so later, however, prices had retreated. Even as the war spread and lit up surrounding countries, oil prices remained stubbornly range-bound, with analysts predicting that it would take an actual supply disruption

Energy trade groups urge Congress to counter Biden’s LNG ban with new legislation

February 1, 2024

World Oil (WO) – Energy Workforce & Technology Council (EWTC) joined the Independent Petroleum Association of America (IPAA), US Oil and Gas Association (USOGA), National Ocean Industries Association (NOIA), Texas Alliance of Energy Producers and Gulf Energy Alliance today in urging Congress to take immediate legislative action to counter the Biden administrations’ recent decision to halt LNG permits. The legislation,

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