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Weekly Natural Gas Spot Prices, Futures Fade Alongside Weather
Shale Daily – Natural Gas Intelligence Sep 22, 2023 | 21:26 pmWeekly natural gas cash prices lost ground amid increasingly benign temperatures and weak cooling demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the Sept. 18-22 period shed 23.0 cents to $2.180/MMBtu. Conditions during the[…]
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October Natural Gas Futures Eke Out Gain to End Losing Streak; Spot Prices Slide Again
Shale Daily – Natural Gas Intelligence Sep 22, 2023 | 21:05 pmBoosted by early bargain buying, natural gas futures finished the week with a modest gain, snapping a two-day run of losses. But the front month struggled to muster much momentum amid strong supply levels, rapidly declining demand and weakening cash[…]
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South Central Gains, Coastal Selling in Mixed Week of Natural Gas Forwards Trading
Shale Daily – Natural Gas Intelligence Sep 22, 2023 | 20:00 pmA mixed week of natural gas forwards price action brought strengthening in the south central Lower 48, countered by shoulder season moderation for the Northeast and out West, an analysis of NGI’s Forward Look data for the Sept. 14-20 trading[…]
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A Tale of Two Visions for Mexico’s Energy Sector – Column
Shale Daily – Natural Gas Intelligence Sep 22, 2023 | 19:16 pmEditor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. As Mexico prepares for its presidential elections[…]
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U.S. Natural Gas Rigs Down Three and Oil Leads Double-Digit Drop in Combined Count
Shale Daily – Natural Gas Intelligence Sep 22, 2023 | 18:06 pmThe U.S. oil and gas rig count pulled back sharply during the week ending Friday (Sept. 22), falling 11 units to 630 amid notable losses in the Permian Basin and the Haynesville Shale, according to the latest Baker Hughes Co.[…]
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Natural Gas Futures, Spot Prices Extend Losses as Demand Dries Up
Shale Daily – Natural Gas Intelligence Sep 22, 2023 | 17:04 pmNatural gas futures fell for a second consecutive day, with cooler weather and diminished demand overshadowing hits to production and a seasonally light storage injection. At A Glance: EIA posts 64 Bcf storage injection Production lower on maintenance Cooling demand[…]
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Australian LNG Union Workers End Strikes at Chevron’s Gorgon, Wheatstone Facilities
Shale Daily – Natural Gas Intelligence Sep 22, 2023 | 16:12 pmWork stoppages at two of Chevron Corp.’s Australian LNG terminals have ended while union members finalize negotiations with the company after almost two months of labor disputes. The Australian Workers’ Union (AWU), one of two organizations representing offshore and liquefied[…]
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FERC Approves Next Phase of Port Arthur LNG, Other Export Projects After Impasse
Shale Daily – Natural Gas Intelligence Sep 22, 2023 | 16:11 pmFERC has approved a suite of natural gas projects, including the second phase of the Port Arthur LNG project, following a key meeting on Thursday when it addressed the items that were struck from its agenda in July following an[…]
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Improving Natural Gas Infrastructure Paramount for Cold Weather Reliability, Says FERC Chair
Shale Daily – Natural Gas Intelligence Sep 22, 2023 | 14:01 pmWinter Storm Elliott, which slammed the East Coast in late 2022, made it “abundantly clear” that major improvements have to be made to the natural gas and electric grid systems, FERC Chair Willie Phillips said Thursday. Speaking during a regular[…]
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Louisiana’s Cameron Parish Advancing CCS Hub to Store Emissions from LNG, Petchem Facilities
Shale Daily – Natural Gas Intelligence Sep 22, 2023 | 13:23 pmA carbon capture project that would be sited offshore Louisiana’s industrial-heavy Cameron Parish is inching forward after Carbonvert Inc. and Castex Energy Inc. clinched an operating agreement with state officials. Houston-based Carbonvert, a carbon capture and storage (CCS) expert, is[…]
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