U.S.
U.S. LNG shipments disrupted by cold snap
Disruptions to scheduled exports of U.S. LNG at export plants in Louisiana and Texas tightened some supply temporarily as the U.S. contends with an Arctic blast.
Gas, LNG prices to remain relatively weak in 2024 amid subdued demand
Global prices of gas and LNG are expected to remain relatively weak in 2024, with demand subdued due to high storage levels in Europe and Asia and a mild Northern Hemisphere winter.
Exxon to buy another 1.2 MMtpy of LNG from Mexico Pacific
Mexico Pacific said that it will supply ExxonMobil with an additional 1.2 MMtpy of LNG.
U.S. natural gas prices drop 7% on warmer forecasts for late January
U.S. natural gas futures dropped about 7% on Monday on forecasts for demand to fall and output to rise once the weather turns warmer than normal in late January.
U.S. natural gas supplies drop, record demand forecast due to extreme cold
U.S. natural gas supplies have fallen by the most in over a year as extreme cold froze wells, while demand for heating was on track to hit a record and lift both power and gas prices to multi-year highs.
Frigid temps cut U.S. natural gas supply as demand soars, Texas faces possible shortfall
U.S. natural gas output fell to a preliminary 11-month low as frigid weather froze wells across the country, while gas demand for heating and power generation was on track to hit record highs.
TotalEnergies says it has no plans to sell shares in NextDecade
TotalEnergies has no plans to sell its shares in U.S. LNG company NextDecade, the French energy group said after market speculation over a potential sale.
Commonwealth LNG urges Biden to support pending LNG export application
U.S. LNG developer Commonwealth LNG on Thursday called on President Joe Biden to support its long-pending LNG export application.
U.S. natural gas prices jump 6% on big storage withdrawal, record demand forecasts
U.S. natural gas futures jumped about 6%, on track to close at a two-month high, on a bigger-than-expected storage withdrawal last week and forecasts extreme cold in coming days will boost gas demand to record highs.
EIA expects Henry Hub natural gas spot price to average under $3.00/MMBtu in 2024 and 2025
EIA expect the U.S. benchmark natural gas spot price at the Henry Hub to average under $3.00 per MMBtu in 2024 and 2025 in our January Short-Term Energy Outlook.
Chesapeake aims for top U.S. natural gas producer spot with $7.4-B deal for Southwestern
Chesapeake Energy said it would buy smaller rival Southwestern Energy in an all-stock transaction valued at $7.4 B, a deal that would enable the second-largest U.S. natural gas producer to take the top spot.
Oil, gas lobby group warns against U.S. slowing down LNG approvals
The head of the main U.S. oil and gas lobby group said that if U.S. regulators slow down or stop approving LNG exports, they will put U.S. allies at risk.
Portugal's Galp seeks to join formal complaint against U.S. LNG exporter
Portugal oil and gas firm Galp has asked U.S. regulators to allow it to join bp and Shell's formal complaints against U.S. LNG exporter Venture Global LNG, a filing showed on Tuesday.
Algeria held oil and gas investment talks with ExxonMobil
Algerian energy minister Mohamed Arkab has discussed oil and gas investments in Algeria with the U.S. oil major ExxonMobil.
Curtiss-Wright Exlar announces new Tritex EVA for oil & gas valve actuation
Curtiss-Wright’s Actuation Division announced that its new Exlar Tritex EVA electric valve actuator has achieved CSA Class 1, Division 2 Hazardous Location certification.
Shell anticipates Q4 setback with $4.5B write-down on Singapore assets, despite LNG production rise
Ahead of fourth-quarter results on Feb. 1, the company also said gas trading would be significantly higher than the previous three-month period, while oil trading results were expected to be significantly lower over the same period.
Constellation's Everett takes LNG delivery from Trinidad
U.S. energy group Constellation Energy's Everett LNG import plant in Massachusetts took delivery of LNG from Trinidad over the weekend.
Japan's Kyushu Electric may invest in Lake Charles LNG project in U.S.
Kyushu Electric Power is considering investing in the U.S. Lake Charles LNG project of Energy Transfer, among other projects, to secure a stable supply of the fuel.
U.S. natural gas prices gain 3% to six-week high with extreme cold coming
U.S. natural gas prices climbed about 3% to a six-week high on forecasts that extreme cold weather in mid- to late January will boost demand for the fuel for heating to its highest since hitting a record during a winter storm in December 2022.
U.S. natural gas producers seek to balance production cuts, demand rebound
The longer natural gas prices stay lower in 2024 and drilling and related activity pulled back, the market could overshoot to both the downside and upside next year as it seeks to find an equilibrium.
Asia's LNG imports hit record, but supply surge keeps price muted
Asia's imports of LNG rose to a record in December, but spot prices remained subdued as shipments from top exporters Australia and the United States also hit all-time highs.
Shell backs bp in fight over Venture Global LNG exports
Shell PLC has joined bp PLC in its battle against Venture Global LNG, accusing the LNG producer of denying it and other customers access to supplies while exporting more than $18 B worth of the superchilled gas.
U.S. Henry Hub natural gas prices in 2023 were the lowest since mid-2020
The U.S. benchmark Henry Hub natural gas price averaged $2.57 per million British thermal units (MMBtu) in 2023, about a 62% drop from the 2022 average annual price, according to data from Refinitiv Eikon.
TechnipFMC awarded major iEPCI contract by Petrobras for Mero 3 HISEP project
TechnipFMC has been awarded a major integrated Engineering, Procurement, Construction, and Installation contract by Petrobras to deliver the Mero 3 HISEP project, which uses subsea processing to capture carbon dioxide-rich dense gases and then inject them into the reservoir.
U.S. natural gas prices gain 2% on colder forecasts, record LNG feedgas
U.S. natural gas futures gained about 2% after the long New Year's holiday weekend on forecasts for colder weather and more heating demand this week than previously expected and as record amounts of gas flow to U.S. LNG export plants.
U.S. was top LNG exporter in 2023 as hit record levels
U.S. LNG exports hit monthly and annual record highs in December, tanker tracking data showed, with analysts saying it positioned the United States to leapfrog Qatar and Australia to become the largest exporter of LNG in 2023.
U.S. natural gas prices see biggest annual drop since 2006
U.S. natural gas futures slipped and recorded their biggest percentage fall for the year since 2006, under pressure from record production, ample inventories in storage and relatively mild weather conditions.
LNG developer Tellurian hires financial adviser
LNG developer Tellurian said it has hired a financial adviser to assist in balance sheet management.
Chatterjee Fund Management boosts stake in LNG developer Tellurian to 7.3%
Chatterjee Fund Management has increased its stake in U.S. LNG developer Tellurian to 7.3%, up from 5.2% previously.
US natgas prices trade below 3-wk peak ahead of storage report
U.S. natural gas futures traded below the previous session's 3-wk high as investors awaited a weekly storage report due later in the day.
- Gasum selects Wärtsilä for another bio-LNG project in Sweden
- Vanguard Renewables breaks ground on its first organics-to-renewable gas facility
- Linde selected to supply carbon capture technology to ADNOC’S Hail and Ghasha project
- Tecnimont to build waste-to-biogas plant to fuel local kitchens in India
- Topsoe, Aramco sign JDA to advance low-carbon hydrogen solutions using eREACT™
