U.S. natgas producers seek to balance production cuts, demand rebound
(Reuters) – 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…
Equitrans US Mountain Valley natgas pipe on track for end 2023 completion
(Reuters) – U.S. energy company Equitrans Midstream on Tuesday said it still expects to complete the Mountain Valley natural gas pipeline by the end of the year despite being tangled in numerous…
US court questions another Equitrans Mountain Valley natgas pipe permit
(Reuters) – U.S. energy company Equitrans Midstream Corp’s long-delayed $6.6 billion Mountain Valley natural gas pipeline from West Virginia to Virginia received another negative court ruling on Friday. The U.S. Court of…
U.S. natgas futures jump 6% on colder forecasts for late December
(Reuters) – U.S. natural gas futures jumped 6% to a one-week high on Friday on forecasts for much colder weather and higher heating demand through late December than previously expected. In the…
Wall Street cranks up Exxon’s outlook on booming natgas prices
By Sabrina Valle HOUSTON (Reuters) – Wall Street analysts on Wednesday sharply increased their view of Exxon Mobil Corp’s third quarter earnings after the company disclosed a $2 billion profit gain from…
U.S. Coast Guard probes natgas pipeline explosion at Lake Lery, Louisiana
(Reuters) -The U.S. Coast Guard said on Thursday that it was responding to a natural gas pipeline explosion at Lake Lery, Louisiana, and there have been no reports of injuries, casualties or…
Texas proposes rules to ready natgas industry for weather emergencies
(Reuters) – The Texas Railroad Commission (RRC), which oversees the state’s oil and natural gas industries, approved a proposed weatherization rule to help protect Texans during emergencies that could occur any time…
Goldman maintains natgas price forecast, awaits more information about Freeport LNG outage
(Reuters) – Goldman Sachs maintained its $6.80/$5.60 Henry Hub and 89/86 EUR/MWh TTF Sum22/Win22-23 price forecasts after the Freeport LNG outage, noting that the duration of the outage would be key. “If…
Freeport LNG plant blast adds to strain on global supplies
By Liz Hampton, Sabrina Valle and Scott DiSavino HOUSTON -Freeport LNG, operator of one of the largest U.S. export plants producing liquefied natural gas (LNG), will shut for at least three weeks…
Natgas pipeline explosion injures two at Louisiana Air Force base
(Reuters) -Barksdale Air Force Base in Louisiana reported two injuries along with a small fire from a natural gas pipeline explosion on the East Reservation of the base on Tuesday. The explosion…
Cheniere Energy exec says surging U.S. natgas prices will spur production
By Marcy de Luna CAMERON, Louisiana – Top U.S. liquefied natural gas producer Cheniere Energy on Thursday said surging U.S. natural gas prices reflect past underinvestment followed by “a demand shock” as…
U.S. firms want pending natgas pipeline projects excluded from emissions rules
– Energy firms said they do not want U.S. federal energy regulators to apply new greenhouse gas emission guidelines to currently pending gas pipeline applications. On Feb. 17, the U.S. Federal Energy…
NextEra takes $800 million charge for WV-VA Mountain Valley natgas pipe
– NextEra Energy Inc said one of its units recorded an $800 million impairment charge in the first quarter as the U.S. renewable energy company re-evaluates its investment in the long-delayed Mountain…
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