U.S.

DTE Energy misses quarterly profit estimates on natgas unit weakness

Electric and gas utility DTE Energy missed Wall Street estimates for the first-quarter profit, hurt by weakness in its natural gas unit.

First tanker in 12 days sets sail from Freeport LNG in Texas (U.S.)

The first tanker in 12 days set sail from Freeport LNG's Texas export terminal, signaling the resumption of gas processing after an outage this month.

Steep discounts, new vessels spur demand for LNG to power ships

Demand for LNG to power ships will rise this year on attractive prices, while more dual-fuel vessels join the global fleet, industry executives said.

Pressure on gas and LNG prices to help switch from coal, says J.P. Morgan

Global natural gas prices will come under pressure through the end of the decade as supply and shipping infrastructure grow rapidly, particularly in Qatar and the U.S., J.P. Morgan said in a report.

U.S. natural gas consumption set annual and monthly records during 2023

In 2023, the United States consumed a record-high 89.1 Bcfd of natural gas, marking a 4% average annual increase in consumption since 2018.

First tanker in 11 days arrives at troubled Freeport LNG export plant

The first LNG tanker to dock at Freeport LNG's gas liquefaction plant in 11 days arrived on over the weekend.

U.S. natural gas prices up over 1% on rising feedgas to Freeport LNG

U.S. natural gas futures rose more than 1%, as an increase in feedgas to the Freeport LNG export plant and a drop in output outweighed lower demand forecasts for next week and mild weather outlook.

U.S. natgas prices up 2% to one-week high on colder forecasts, drop in output

U.S. natural gas futures climbed about 2% to a one-week high on forecasts for cooler weather and more demand next week than previously expected a continued drop in output and rising gas flows to LNG export plants, including Freeport LNG.

Asia spot LNG at fresh three-month high on supply concerns

Asian spot LNG prices rose this week to a new three-month high due to supply concerns amid tensions in the Middle East and a drop in feedgas deliveries to two LNG terminals in the U.S.

U.S. natgas flows rise to Texas Freeport and other LNG export plants

The amount of natural gas flowing to the seven U.S. LNG export plants, including Freeport LNG, was on track to jump by around 17% from a 15-month low.

U.S. natgas prices up 3% ahead of storage report as LNG feedgas rises

U.S. natural gas futures climbed about 3% on forecasts for cooler weather and more demand next week than previously expected and with an increase in the amount of gas flowing to LNG export plants, including Freeport LNG.

U.S. natural gas trade will continue to grow with the startup of new LNG export projects

In the U.S. EIA's recently released Short-Term Energy Outlook, it was forecast that U.S. LNG exports will continue to lead growth in U.S. natural gas trade as three LNG export projects currently under construction start operations and ramp up to full production by the end of 2025.

Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity

Hexagon’s Asset Lifecycle Intelligence division announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology.

Global pipelines construction outlook 2024: New LNG terminals sound call for more pipelines—Part 1

4/16/2024

Mike Reed, Editor-in-Chief, Pipeline & Gas Journal, provides an overview of capital investments in pipeline construction. Part 1 examines capacity builds in North America, and Central and South America.

Drive energy efficiency and reduce emissions with dry gas sealing solutions

4/16/2024

Centrifugal compressors play a critical role in efficiently transporting the large volumes of natural gas used as a feedstock and fuel source in industries ranging from oil and gas to petrochemicals to liquefied natural gas (LNG). An effective sealing system is crucial to keeping a compressor running at peak efficiency. This article details the benefits of utilizing dry gas seals in these operations.

Three emerging threats: Climate change, vandalism and cyber-attack

4/16/2024

Pipeline integrity management systems (PIMSs) are now common practice, driven by the Pipeline and Hazardous Materials Safety Administration (PHMSA) requirements in the U.S. This article discusses the threats associated with climate change, vandalism and cyber-attack from the perspective of existing risk models.

Global Projects Data

4/16/2024

A quick look at total project numbers by region.

Radix partners with Cleopatra Enterprise to enhance project controls and turnaround management

Radix, a global technology solutions company, announced that it has signed a partnership agreement with Cleopatra Enterprise, a leading project cost management software company.

Freeport LNG gas consumption running near zero for fifth day

Freeport LNG's liquefaction plant remains mostly offline for a fifth straight day, with gas utilization rates at 125 MMcfd, or 5% of its fully operational use.

EQT to sell some natgas assets in Pennsylvania (U.S.) to Equinor USA

EQT will sell 40% interest in its non-operated natural gas assets in northeast Pennsylvania to Equinor USA in exchange for Equinor's onshore asset in the Appalachian basin and $500 MM in cash.

The U.S. exported a record volume of natural gas in 2023

The U.S. exported 10% more natural gas in 2023 than in 2022, a record of 20.9 Bcfd, according to the U.S. EIA's Natural Gas Monthly. U.S. LNG exports accounted for more than half of all U.S. natural gas exports, and natural gas exports by pipeline to Canada and Mexico accounted for the remainder.

Oklahoma (U.S.) sues two companies over alleged natural gas price manipulation

Oklahoma (U.S.) has sued two energy companies, accusing them of manipulating natural gas prices during Winter Storm Uri in 2021, according to a press release from the state attorney general's office.

U.S. natgas prices ease 1% to 2-week low on lower demand forecasts

U.S. natural gas futures eased about 1% to a two-week low on worries about an oversupply of gas in storage and forecasts for lower demand over the next two weeks than previously expected due to a drop in feedgas to the Freeport LNG export plant in Texas (U.S.).

U.S. natgas prices fall 5% on big storage build, low feedgas to Freeport LNG

U.S. natural gas futures dropped about 5% on a bigger-than-expected storage build and forecasts for lower demand over the next two weeks than previously expected due to a drop in feedgas to the Freeport LNG export plant in Texas.

Galveston LNG Bunker Port advances with construction permit application

Galveston LNG Bunker Port, LLC, formed as a partnership between Pilot LNG and Seapath Group, has taken a significant step forward in its plans to establish the GLBP small-scale natural gas liquefaction facility on Shoal Point in Texas City, Texas.

Mild winter weather may lead to persistently high natural gas inventories through 2025

The surplus to the five-year average grew over winter 2023–24 because of mild weather, low natural gas consumption, and high natural gas production. In our April Short-Term Energy Outlook, the U.S. EIA expects natural gas inventories to remain relatively high and natural gas spot prices to remain relatively low through 2025.

APA curtailed natural gas production in Q1 amid weak prices

U.S. oil and gas producer APA Corp said that it had curtailed natural gas production in the first quarter due to weak prices.

AVEVA and Newpoint Trillium Management announce partnership for clean hydrogen project

AVEVA announced a strategic partnership with Newpoint Trillium Management, LLC creating a digital twin for their clean hydrogen and manufacturing projects to reindustrialize the former Department of Energy sites in Ohio and Kentucky as well as projects throughout Central Appalachia.

U.S. natgas flows to Texas Freeport LNG export plant rises

The amount of natural gas flowing to Freeport LNG's LNG export plant in Texas was on track to rise for a second day in a row, according to data from financial firm LSEG.

Chevron hands Myanmar gas field stake to junta, Thailand's PTTEP

U.S. energy company Chevron has quit the Yadana natural gas field in Myanmar, a spokesperson said, more than two years after it condemned violence and human rights abuses there and announced it would leave.