(Oil & Gas 360) – Another 2.5 bcf/d of takeaway is coming for Permian gas via the Matterhorn Express Pipeline, which is expected to be put into service just in time for heating season. According to project lead EnLink Midstream of Houston, Matterhorn is expected to deliver enough natural gas for two million homes after its 580-mile route from the
BOE Report U.S. natural gas futures climbed about 2% to an eight-week high on Wednesday as oil and gas producers continued to cut output before Hurricane Francine slams into the Louisiana coast later Wednesday. Front-month gas futures for October delivery on the New York Mercantile Exchange rose 4.9 cents, or 2.2%, to $2.281 per million British thermal units (mmBtu) at
Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Diversified Energy Company PLC is an independent energy company engaged in the production, marketing, transportation and retirement of primarily natural gas and natural gas liquids related to its U.S. onshore upstream
Oil Price Texas regulators have denied state funding to a proposed 1.3-gigawatt natural gas-fired power plant, due to the applicant failing to meet due diligence, days after shortlisting the project as eligible to receive low-interest rate loans from the Texas Energy Fund. The Public Utility Commission of Texas (PUCT) denied the application from NextEra and Aegle Power for the In-ERCOT Generation Loan
Oil Price The Trans Mountain Expansion Project, now finally completed after years of delays, is expanding access to markets for Canadian oil producers and is set to boost the price of Canada’s heavy crude oil for years to come, top executives at the major energy firms say. The expanded pipeline is tripling the capacity of the original pipeline to 890,000 barrels per
Publisher’s Note: Jim Felton with EnerCom sat down with Serve Robotics CEO Dr. Ali Kashani about what’s next for this Uber spinoff, its 10% stake taken by Nvidia and its enviable appreciation in its stock price this summer (NASDAQ SERV). Serve is surveying the energy industry for ways to take its proven ability of using AI to power robots that coexist with
Publisher’s Note: Jim Felton with EnerCom sat down with X Oil Development, CTO, Elio Dean to discuss company updates. X Oil Development will present in person at the 2024 EnerCom Denver—The Energy Investment Conference during the Emerging Technology and Energy Transition Session presented by EnerCom at 10:05 a.m. Mountain Time on Wednesday, August 21, 2024. You can register to attend EnerCom Denver at www.enercomdenver.com. For more information on
Publisher’s Note: Jim Felton with EnerCom sat down with Gradient Geothermal, Chief Executive Officer, Ben Burke to discuss how Gradient is helping clients take heat waste coming out of the well or from processing at the surface to turn that into a value add as power generation or on-site use of thermal energy itself. Gradient Geothermal Inc, formed by the combined
Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had an increase of 2 over last week, resulting in a total count of 588 rigs. Canada had a decrease of 2 over last week, resulting in a total Canadian count of 217 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Arkoma Woodford,
Natural Gas Inventories as of August 2, 2024 The EIA has released its natural gas inventory report, showing a net increase of 21 Bcf as of August 2, 2024. Working gas in storage was 3,270 Bcf as of Friday, August 9, 2024, according to EIA estimates. This represents a net increase of 21 Bcf from the previous week. Stocks were
World Oil (WO) – Cheniere Energy, Inc. entered into a long-term liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with Galp Trading S.A., a subsidiary of Galp Energia. Galp has agreed to purchase approximately 0.5 MMtpa of LNG for 20 years from Cheniere Marketing on a free-on-board basis for a purchase price indexed to the Henry Hub price, plus
Publisher’s Note: Jim Felton with EnerCom sat down with Chapman Nuclear CEO John Chapman, a fourth-generation nuclear scientist focused on the hunt for natural gas needed for his hydrogen fusion reactor projects with NASA and other clients. Chapman talks about the opportunities, economics and strategy for growing the company, which includes other business sectors such as radioactive isotopes for medical use.
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