U.S.

U.S. natgas prices drop 6% to one-week low on small storage withdrawal, mild weather

U.S. natural gas futures dropped about 6% to a one-week low on an expected much smaller-than-usual storage withdrawal last week when warmer-than-normal weather kept heating demand low.

U.S. natural gas pipeline accidents pose big, unreported climate threat

Accidental pipeline leaks – caused by things like punctures, corrosion, severe weather and faulty equipment - happen routinely and are a climate menace that is not currently counted in the official U.S. tally of greenhouse gas emissions, according to an examination of public data and regulatory documents.

Global Project Data

3/7/2024

A snapshot of the global gas processing and LNG project landscape.

Mitigating methane emissions: Digital strategies for the energy industry

3/7/2024

As the world continues to prioritize solutions to curb climate change, more digital tools will help scale innovation and assist hard-to-abate industries with accelerating their GHG mitigation efforts. This article dives into how digital technologies are helping to mitigate emissions.

Navigating the complex LNG value chain

3/7/2024

Capturing efficiency and visibility across the LNG value chain is possible with modern technologies. This article examines how boundless automation is managing data seamlessly from the field to the edge and into the cloud. This includes a move toward holistic, seamlessly integrated energy logistics software solutions that help operators visualize and manage the LNG value chain from end-to-end.

U.S. natural gas prices little changed ahead of federal storage report

U.S. natural gas futures were little changed as the market waited for direction from a federal report expected to show a much smaller-than-usual storage withdrawal last week when warmer-than-normal weather kept heating demand low.

Saudi Aramco, UAE's ADNOC in talks to invest in U.S. LNG projects

Gulf oil giants Saudi Aramco and Abu Dhabi National Oil Company are in talks to invest in U.S. LNG projects, as they step up competition with oil majors and regional rival Qatar in the booming super-chilled gas market.

U.S. natural gas producers cut spending, output to cope with low prices

U.S. natural gas producers are curbing their output and spending on drilling activity as an oversupplied market has brought the prices of the commodity down to multi-decade lows.

LNG developer Tellurian to not extend CEO's employment term

LNG developer Tellurian said it would not renew or extend the employment term of CEO Octavio Simoes beyond June 5, and aims to sell its upstream business as it no longer sees it "a core strategic need"

Low U.S. natural gas prices to dampen prospects for Tellurian asset sale

Low U.S. natural gas prices will hurt Tellurian Inc's ability to sell Louisiana gas producing properties in order to pay off enough debt to salvage its LNG project.

U.S. LNG exports fall in February on outage and fewer calendar days

A month-long closure at Freeport LNG plant in Texas (U.S.) and fewer days in the month pushed February U.S. LNG exports 7% lower than in January.

U.S. EPA removes existing natgas plants from proposed carbon rule

The U.S. Environmental Protection Agency said it will exclude existing natural gas power plants from its proposed carbon regulations that it plans to finalize in April, narrowing the scope of the initial proposal that would have required stringent controls on those facilities.

The U.S. remained the largest liquefied natural gas supplier to Europe in 2023

The U.S. was again the largest supplier of LNG to Europe in 2023, accounting for nearly half of total LNG imports, according to data from CEDIGAZ.

U.S. natural gas rises over 7%, helped by cooler weather forecasts

U.S. natural gas futures gained more than 7%, rebounding from a four-year low hit in the previous session, helped by forecasts for slightly cooler weather leading to increased demand for gas for heating.

Henry Hub daily natural gas spot price fell to record lows in February

The U.S. benchmark Henry Hub daily natural gas price averaged $1.50 per MMBtu on February 20, 2024, the lowest price in inflation-adjusted dollars since at least 1997, according to data from Refinitiv Eikon.

bp asks U.S. regulators to reject Venture Global's permit extension request

bp urged U.S. regulators to refuse Venture Global LNG's request for an extension of time to build its Calcasieu Pass export plant.

Global LNG demand seen rising in 2024 from China, Europe

Global LNG demand will grow in 2024 with top buyer China back in the market and consumption in Europe rising.

Qatar's new LNG expansion plans to squeeze out U.S., other rivals

Qatar's planned expansion of LNG production could see it control nearly 25% share of the global market by 2030 and squeeze out rival projects including in the U.S. where President Biden paused new export approvals, market experts say.

MAMII expands membership with Chevron, Seapeak, and TotalEnergies joining the initiative

Leading energy companies TotalEnergies and Chevron, and major gas carrier Seapeak, have joined the Methane Abatement in Maritime Innovation Initiative, led by SafetyTech Accelerator.

U.S. takes lead as top supplier to Europe for crude, diesel and LNG

The United States has taken the top spot as Europe's supplier of crude oil, diesel, and LNG in recent months, capitalizing on reduced imports from east of Suez caused by shipping disruptions in the Red Sea.

U.S. natgas spirals lower as low demand compounds plentiful supplies

U.S. natural gas futures shed more than 6% on Friday on record output, sufficient fuel in storage and lower heating demand, but prices are still headed for a weekly rise following their mid-week rally.

Venture Global, Grain LNG sign new deal further strengthening the security of natural gas supply to the UK

Grain LNG and Venture Global have announced the execution of a binding long-term terminal use agreement (TUA) enabling the regasification and sale of LNG from all of Venture Global’s terminals in Louisiana, including CP2 LNG.

IEEFA: Three reasons the U.S. LNG pause does not threaten South Korea’s energy security and transition

Since the U.S. Biden Administration announced the temporary pause on new liquefied natural gas (LNG) export approvals early this year, many Asian countries have expressed concerns about the potential disruption in energy security and decarbonization goals.

Occidental Considers $18 Billion Sale of Western Midstream, Sources Say

Occidental Petroleum is exploring a sale of Western Midstream Partners, a U.S. natural gas-focused pipeline operator that has a market value of more than $18 billion, including debt, according to people familiar with the matter.

Equitrans delays WV-VA Mountain Valley natgas pipe again, boosts cost

U.S. energy firm Equitrans Midstream delayed the completion date for its Mountain Valley natural gas pipeline from West Virginia to Virginia to the second quarter of 2024 from the previous estimate of the first quarter.

El Niño pushes real U.S. gas prices to multi-decade low

Inflation-adjusted U.S. gas prices have fallen to the lowest level for over 30 years as a mild winter and continued production growth leave the market carrying a growing surplus of inventories.

Democratic U.S. senator opposes Biden pause on LNG exports

Democratic U.S. Senator Michael Bennet opposes President Joe Biden's decision to pause approvals of new exports of LNG, saying that it could undercut U.S. efforts to supply gas to Europe as it replaces Russian exports.

Venture Global seeks extension for completion of Calcasieu Pass LNG

Venture Global LNG sought a one-year permit extension to complete construction of its Calcasieu Pass gas-export plant in Louisiana, in a filing with the U.S. Federal Energy Regulatory Commission.

Tellurian shares rise on U.S. permit extension to construct Driftwood LNG plant

Cash-strapped Tellurian Inc won a three-year permit extension to complete construction of its Driftwood LNG export plant, a boost for the long-delayed liquefied natural gas project.

U.S. regulators approve Mexico Pacific LNG's Saguaro connector pipeline

U.S. energy regulators approved a cross-border pipeline that would export about 2.8 Bcfd of natural gas from Texas to Mexico Pacific's Saguaro LNG export plant on Mexico's west coast.