Natural Gas News

U.S. rig count had a decrease of 7 this week, at 748

U.S. rig count had a decrease of 7 this week, at 748

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 748 rigs. Canada had a no change over last week, resulting in a …

Weekly Gas Storage: Inventories increase by 54 Bcf

Weekly Gas Storage: Inventories increase by 54 Bcf

Natural Gas Inventories as of April 28, 2023

The EIA has released its natural gas inventory report, showing a net increase of 54 Bcf as of April 28, 2023.

Working gas in storage was 2,063 Bcf as of Friday, April …

U.S. rig count had an increase of  2 this week, at 755

U.S. rig count had an increase of 2 this week, at 755

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 755 rigs. Canada had a decrease of 12 over last week, resulting in …

Weekly Gas Storage: Inventories increase by 79 Bcf

Weekly Gas Storage: Inventories increase by 79 Bcf

Natural Gas Inventories as of April 21, 2023

The EIA has released its natural gas inventory report, showing a net increase of 79 Bcf as of April 21 2023.

Working gas in storage was 2,009 Bcf as of Friday, April …

Weekly Gas Storage: Inventories increase by 75 Bcf

Weekly Gas Storage: Inventories increase by 75 Bcf

Natural Gas Inventories as of April 14, 2023

The EIA has released its natural gas inventory report, showing a net increase of 75 Bcf as of April 14, 2023.

Working gas in storage was 1,930 Bcf as of Friday, April …

U.S. rig count had a decrease of  3 this week, at 748

U.S. rig count had a decrease of 3 this week, at 748

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 3 over last week, resulting in a total count of 748 rigs. Canada had a decrease of 16 over last week, resulting in …

Weekly Gas Storage: Inventories increase by 25 Bcf

Weekly Gas Storage: Inventories increase by 25 Bcf

Natural Gas Inventories as of April 7, 2023

The EIA has released its natural gas inventory report, showing a net increase of 25 Bcf as of April 7, 2023.

Working gas in storage was 1,855 Bcf as of Friday, April …

Source: Oil Price

Texas senate votes to add more natural gas capacity to fix grid issues

Oil Price


The Texas Senate voted this week to add more natural gas-fired capacity to the state grid to add more reliable power to the Electric Reliability Council of Texas (ERCOT) and make it ready to meet demand in any …

U.S. rig count had a decrease of 4 this week, at 751

U.S. rig count had a decrease of 4 this week, at 751

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 4 over last week, resulting in a total count of 751 rigs. Canada had a decrease of 12 over last week, resulting in …

Weekly Gas Storage: Inventories decrease by 23 Bcf

Weekly Gas Storage: Inventories decrease by 23 Bcf

Natural Gas Inventories as of March 31, 2023

The EIA has released its natural gas inventory report, showing a net decrease of 23 Bcf as of March 31, 2023.

Working gas in storage was 1,830 Bcf as of Friday, March …

Source: Reuters

Fuels from Russian oil gets backdoor entry into Europe via India

Nasdaq


NEW DELHI – Record high imports of crude oil from Russia in fiscal 2022-23 helped India’s refiners boost exports of diesel and jet fuel to Europe as the continent shunned Russian products, preliminary ship-tracking data from Kpler and Vortexa …

U.S. rig count had an decrease of 3 this week, at 755

U.S. rig count had an decrease of 3 this week, at 755

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 3 over last week, resulting in a total count of 755 rigs. Canada had a decrease of 26 over last week, resulting in …

Source: Reuters

U.S. natgas jumps 5%, but still on track for record quarterly loss

Nasdaq


U.S. natural gas futures jumped about 5% to a one-week high on Friday on forecasts for more demand next week than previously expected with rising amounts of gas flowing to liquefied natural gas (LNG) export plants, but they remained …

Source: Reuters

U.S. Energy Information Administration: U.S. crude oil exports reached record high in 2022

World Oil


In 2022, U.S. crude oil exports averaged 3.6 MMbpd, a record high according to export data that has been collected since 1920. U.S. crude oil exports in 2022 were 22% (640,000 bpd) higher than in 2021. Increased U.S. …

Weekly Gas Storage: Inventories decrease by 47 Bcf

Weekly Gas Storage: Inventories decrease by 47 Bcf

Natural Gas Inventories as of March 24, 2023

The EIA has released its natural gas inventory report, showing a net decrease of 47 Bcf as of March 24, 2023.

Working gas in storage was 1,853 Bcf as of Friday, March …

Cowboy Clean Fuels completes Series A financing to advance renewable natural gas commercialization plan

Cowboy Clean Fuels completes Series A financing to advance renewable natural gas commercialization plan

Oil and Gas 360


Innovative Energy Transition Start-Up’s Patented Technology Utilizes Subsurface Coal Seams as Geologic Bio-Reactors to Produce Carbon-Negative Renewable Natural Gas From Alternative Biomass Feedstocks

DENVERMarch 28, 2023 /PRNewswire/ — Cowboy Clean Fuels, LLC (“we,” “us,” …

Source: Reuters

Oil, gas, clean energy groups unite to reform “broken permitting system”

World Oil


(WO) — Fossil fuel and green energy groups alike have joined forces, in an effort to reform what they call a “broken permitting system,” according to Fox News. A coalition that includes the American Petroleum Institute, Independent Petroleum …

U.S. rig count had an increase of 4 this week, at 758

U.S. rig count had an increase of 4 this week, at 758

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had and increase of 4 over last week, resulting in a total count of 758 rigs. Canada had a decrease of 42 over last week, resulting in …

Weekly Gas Storage: Inventories decrease by 72 Bcf

Weekly Gas Storage: Inventories decrease by 72 Bcf

Natural Gas Inventories as of March 17, 2023

The EIA has released its natural gas inventory report, showing a net decrease of 72 Bcf as of March 17, 2023.

Working gas in storage was 1,900 Bcf as of Friday, March …

Houston-based gas driller testing market for South Texas assets

Houston-based gas driller testing market for South Texas assets

World Oil


(Bloomberg) – Closely held gas driller Escondido Resources is working with financial advisers to test the market’s appetite for its assets in South Texas, according to people with knowledge of the situation.

Houston-based gas driller testing market for South Texas assets- oil and gas 360

The Mountain Capital-backed company is having …

U.S. rig count had an increase of 8 this week, at 754

U.S. rig count had an increase of 8 this week, at 754

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had and increase of 8 over last week, resulting in a total count of 754 rigs. Canada had a decrease of 16 over last week, resulting in …

Source: Reuters

America’s LNG boom has grown too big too fast

Oil Price


Last year, the United States leapfrogged Qatar and Australia to become the world’s largest exporter of liquefied natural gas. This was made possible thanks to the surge in LNG demand from Europe as it urgently sought an alternative …

Weekly Gas Storage: Inventories decrease by 58 Bcf

Weekly Gas Storage: Inventories decrease by 58 Bcf

Natural Gas Inventories as of March 10, 2023

The EIA has released its natural gas inventory report, showing a net decrease of 58 Bcf as of March 10, 2023.

Working gas in storage was 1,972 Bcf as of Friday, March …

Source: Reuters

US natgas futures hold near one-week high on colder forecasts

Nasdaq


U.S. natural gas futures held near a one-week high on Tuesday on forecasts for more cold weather and higher heating demand this week than previously expected, a preliminary drop in daily output and near record amounts of gas flowing …

U.S. rig count had a decrease of 3 this week, at 746

U.S. rig count had a decrease of 3 this week, at 746

Oil and Gas 360


This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 3 over last week, resulting in a total count of 746 rigs. Canada had a decrease of 23 over last week, resulting in …

Source: Reuters

CERAWEEK-Keystone pipeline oil flows won’t change after US order to cut pressure, CEO says

Nasdaq


HOUSTON – Oil flows on TC Energy’s TRP.TO Keystone pipeline will not change after the U.S. pipeline regulator said it would require the company to reduce pressure following a 13,000-barrel oil spill in Kansas in December, Chief Executive François …

Weekly Gas Storage: Inventories decrease by 84 Bcf

Weekly Gas Storage: Inventories decrease by 84 Bcf

Natural Gas Inventories as of March 3, 2023

The EIA has released its natural gas inventory report, showing a net decrease of 84 Bcf as of March 3, 2023.

Working gas in storage was 2,030 Bcf as of Friday, March …

Source: Reuters

US natgas down 2% as flows drop to Freeport LNG plant in Texas

Nasdaq


U.S. natural gas futures declined about 2% on Wednesday after data showed the amount of gas flowing to Freeport LNG’s export plant in Texas had dropped and forecasts indicated the weather in the near term would be warmer than …

Source: Reuters

McKinsey & Company: oil and gas costs will rise by 10% amidst supply chain risks

World Oil


(WO) – The latest analysis from McKinsey & Company (McKinsey) reveals that oil and gas industry costs could increase between 6 to 10% in 2023 due to labor uncertainties and raw-materials inflation.

The analysis uncovers that primary operation …

Source: Reuters

Chevron CEO says natural gas markets fundamentally changed by war

Yahoo Finance


HOUSTON – The global natural gas market has been more fundamentally changed for the long term by Russia’s invasion of Ukraine than the oil market, Chief Executive Mike Wirth on Monday said on Monday.

The conflict in Ukraine …