- + US oil, rig count gains 2 to 619 on week as drill activity settles into new recent lows—The US oil and gas rig count gained two rigs, making a total of 619 for the week ended Dec. 11, an S&P Global Commodity Insights survey showed, as...
- + Oklahoma captures $12.8 million in high bids from state oil, gas lease sale—Oklahoma captured roughly $12.8 million in high bids during the state's latest quarterly oil and gas lease sale Dec. 18, far exceeding the previous qu...
- + Bulls and bears clash across global LNG markets ahead of 2025 amid supply-demand uncertainties—As supply-demand uncertainties persist, the global LNG market faces significant headwinds, particularly with the expiration of the Russia-Ukraine tran...
- + COMMODITIES 2025: India's LNG imports to rise 4%-10% amid boost in demand, policy support—This is part of the COMMODITIES 2025 series where our reporters bring to you key themes that will drive commodities markets in 2025. India's LNG impor...
- + Woodside, Chevron agree to asset swap to streamline oil and gas portfolio—Woodside and Chevron have agreed to an asset swap, with Woodside acquiring Chevron's interest in the North West Shelf, NWS Oil and Angel Carbon Captur...
- + Shell plans to spud offshore Suriname well, as Petronas prepares to shoot seismic in the country—Shell said it has applied for permitting approval from Suriname's environmental authorities to drill up to four deepwater exploration wells at offshor...
- + World's largest oil and gas producers lagging on net-zero goals: Carbon Tracker—The world's largest oil and gas producers have made little progress toward the goal of having net-zero carbon emissions by 2050, according to an updat...
- + German Parliament set to vote on gas storage levy amendment Dec 20—The German Parliament -- the Bundestag -- is to vote Dec. 20 on a draft law that would abolish the country's gas storage levy on cross-border flows fr...
- + Serbia eyes 'step forward' in strategic gas partnership with Azerbaijan—Serbia is looking to take a "step forward" in its strategic partnership on gas supply with Azerbaijan through the construction of a gas-fired power pl...
- + Moldova says Gazprom made no Trans-Balkan gas capacity bookings for January—Russia's Gazprom did not book any capacity in the Trans-Balkan gas pipeline route for the month of January in the latest monthly capacity auction, Mol...
- + Texas grid's Performance Credit Mechanism proposal fails to meet reliability standard—Implementing a Performance Credit Mechanism in the Electric Reliability Council of Texas, with the $1 billion cap imposed in 2023 by the Texas Legisla...
- + Investment fund's net-long position recedes after record highs on uncertain winter outlook—As the latter part of winter approaches and uncertainty grows in the European gas and LNG markets, funds have begun to close some of their net-long po...
- + UK offers first green hydrogen production contracts to HAR1 projects—The UK government has offered the first contracts to green hydrogen project developers under its debut allocation round, an energy department spokespe...
- + US DOE says no Commonwealth, CP2 LNG export decisions before new FERC approvals—The US Department of Energy will not issue key LNG export permits for the proposed CP2 and Commonwealth LNG export projects in Louisiana before the US...
- + Wintry blast promises only short-lived boost for Northeast gas market—Spot natural gas prices across the US Northeast spiked in Dec. 11 trading ahead of colder weather and an expected ramp in heating demand but the rally...
- + 2025 Energy Outlook: Surging primary demand to outpace clean energy growth—Global primary energy demand is set to rise by over 8 million barrels of oil equivalent per day in 2025, outstripping clean energy growth and increasi...
- + ExxonMobil expects to expand oil, gas production to 5.4 million boe/d by 2030—ExxonMobil unveiled a corporate growth plan through 2030 to increase its oil and gas production to 5.4 million b/d of oil equivalent with 60% from adv...
- + US EIA forecasts 34% higher natural gas price for rest of winter over year-ago period—The US Energy Information Administration said on Dec. 10 it expects Henry Hub natural gas spot prices to average $2.99/MMBtu December through March th...
- + US FERC backs Rio Grande, Texas LNG projects in court appeal—The US Federal Energy Regulatory Commission said a federal appeals court should reconsider its decision invalidating key approvals for the Rio Grande ...
- + LNG exports from Trinidad and Tobago rise 23% in November—November LNG exports from Trinidad and Tobago rose by more than 23% from October, S&P Global Commodity Insights data showed on Dec. 10. LNG export...
- + European competitiveness key as LNG demand set to rise in next 5-10 years: SEFE—Europe's ability to compete for global LNG supplies will be key in navigating the ongoing energy crisis, as global demand is expected to maintain grow...
- + Southern Star pipeline plans expansion to meet growing natural gas demand in Missouri, Kansas—Southern Star Central Gas Pipeline is seeking US Federal Energy Regulatory Commission authorization to boost capacity, through compression, to meet ri...
- + Spain relies on French gas imports, storage withdrawals amid UK LNG pull—Spain has continued to import from France and withdraw from storage to meet higher power sector demand for gas in the first week of December as strong...
- + Egypt to procure Fuel Oil as gas, LNG prices remain uncompetitive: sources—Egypt has been procuring fuel oil to meet domestic demand requirements and optimize its volumes as global gas and LNG prices remained elevated compare...
- + Russian gas transit via Ukraine up 6% in January-November: AGPU—Russian gas deliveries via Ukraine totaled 14.17 Bcm in the first 11 months of 2024, an increase of 6% year on year, data published Dec. 6 by Ukrainia...
- + Chinese LNG companies looking to sell Jan-Feb 2025 cargoes amid weak demand—Some Chinese state-owned and second-tier oil and gas companies have been looking to sell LNG cargoes for the January-February 2025 period to alleviate...
- + Med LNG imports hit nine-month high amid seasonal pull, lower renewables—Imports of LNG into the West and East Mediterranean regions reached a nine-month high in November, according to data from S&P Global Commodity Ins...
- + Japan flips to colder-than-usual weather outlook, boosting power, heating demand—All regions in Japan are forecast to experience temperatures below the 30-year average over the next month from Dec. 7, the Japan Meteorological Agenc...
- + EU's green gas growth endures as 2023 output reaches 7% of demand: EBA—Continued investment and optimization of market and regulatory conditions will be vital in maintaining the growth of biogases in Europe, as production...
- + Norwegian piped gas exports to NW Europe edge up in November—Norway's pipeline gas exports to landed markets in Northwest Europe edged up in November compared with October, but were slightly down year on year, a...
- + France, Netherlands were top destinations for US LNG in November as flows shift to Europe—France and the Netherlands were the top destinations for US LNG cargoes delivered in November, as shipments shifted toward Europe amid colder weather ...
- + Wintry weather promises more gas market volatility for Upper Midwest, Northeast—Gas prices across the US Great Lakes and the Northeast are in for more volatility over the next several days as a winter storm now centered over south...
- + Weatherization, warm winter may cut Texas grid reliability risk: executives—The Electric Reliability Council of Texas is unlikely to have reliability issues in the winter of 2024-25, as weatherization has improved and temperat...
- + US power winter forwards trend lower due to higher natural gas inventories—Power forward prices are trending lower compared to a year ago as natural gas storage inventories are starting the winter season with an eight-year hi...
- + Argentina plans to launch auction to expand gas takeaway capacity from Vaca Muerta—Argentina plans to launch an auction "as soon as possible" for a project to boost natural gas takeaway capacity from the Vaca Muerta shale play, helpi...
- + Rail challenges drive Western Canada ammonia developer to shift toward USGC—Though a rail prohibition is often seen as the major obstacle to exporting low-carbon ammonia to Asia, Transport Canada and sources confirmed that the...
- + German energy associations split on gas plant tender draft law consultation—Germany's main energy associations are split on the future of the minority government's draft power plant safety act, or KWSG, after a final three-day...
- + German gas consumption higher YOY for fourth consecutive week: regulator—German gas consumption was higher year on year in the week ended Nov. 24 for the fourth consecutive week despite slightly weaker demand from the power...
- + Bolivia transit deal opens door for Brazil to import natural gas from Argentina—Brazil will import natural gas from neighboring Argentina's Vaca Muerta onshore play after TotalEnergies and Matrix Energy reached transit agreements ...
- + Russia's Gazprom cuts investment budget for 2025, China remains focus—Russia's Gazprom on Nov. 28 set its draft investment budget for 2025 at some Rb1.52 trillion ($14 billion), a reduction of some 7% compared with this ...
- + Infographic: On the brink: Russia-Ukraine gas transit deal set to expire—The European gas market is set for new upheaval from 2025 if the Russia-Ukraine transit deal expires as expected at the end of the year and no new arr...
- + Japan's Saibu Gas may look to develop LNG reload business following storage expansion—Japan's Saibu Gas will consider expanding its LNG reload business into supplying cargoes to LNG carriers once the huge new storage tank at its Hibiki ...
- + Venture Global sells early 2025 LNG cargoes from Plaquemines terminal—Venture Global has sold LNG cargoes from its new Plaquemines terminal for the initial months of 2025 through a short-term strip offered earlier in 202...
- + Australia's Hartshead eyes new route to market for UK North Sea gas project—Australia's Hartshead Resources said Nov. 27 it was looking at an alternative route to market for gas from its planned North Sea field development wit...
- + Australia's Woodside prepares to safely restart Pluto LNG after unplanned outage—Australia's Woodside Energy has commenced preparations to safely restart the Pluto LNG facility on Nov. 26 after an unplanned outage on Nov. 25, a com...
- + Trump's early tariff pitch raises questions on energy impacts, exemptions—President-elect Donald Trump Nov. 25 promised to impose 25% tariffs on all products imported from Canada and Mexico, as well as 10% tariffs on goods e...
- + Mexican energy experts expect strong US natural gas flows to continue despite tariff talk—Trade flows of natural gas between the US and Mexico are unlikely to be affected by the prospect of tensions between the two countries, experts told S...
- + European LNG, gas supply shifts strengthen 2026 summer-winter backwardation—European natural gas prices for summer 2026 have held their backwardation against their winter 2026 counterpart as sources emphasized improving global...
- + Infographic: Japan starts world's first transport of liquefied CO2—Japan has entered a new phase in the transport of CO2, with the start of trial voyages Nov. 26 on a low-temperature and low-pressure liquefied CO2 car...
- + US POWER TRACKER: Midcontinent Dec power, gas forwards up on less mild forecast—Midcontinent Independent System Operator energy traders foresee substantial risk of higher power prices in December, judging by forward trading, likel...
- + Flurry of new tonnage diverges LNG shipping rates from bullish cargo market—European LNG cargo prices are rising, contrasting sharply with falling shipping rates. This divergence is driven by strong demand signals and a tighte...
- + INTERVIEW: Ukraine eyes EU biomethane export growth in ambitious scale-up plans: UABIO—Ukraine is planning to intensify biomethane exports to the EU, aiming for a 10%-20% share of the market by 2030, according to the Bioenergy Associatio...
- + COP29: Struggling with methane emissions, Iraq seeks green financiers—Iraq, one of the world's most wasteful flarers of natural gas associated with its crude oil production, has been on the search at the UN Climate Chang...
- + Western Australia unveils CCUS action plan with funding boost—Western Australia released a Carbon Capture Storage and Utilization Action Plan that include A$26 million ($16.9 million) in funding support, as it ta...
- + Kogas, Japanese buyers say not using US-sanctioned Gazprombank for Sakhalin 2 LNG imports—State-run Korea Gas and several Japanese buyers of Sakhalin 2 LNG said Nov. 22 that they are not using the US-sanctioned Russian Gazprombank for their...
- + Natural gas to play a key role in Southeast Asia's energy transition: PVEP—Natural gas will play a key role as a transitional energy source in Southeast Asia, given the high costs and regulatory complexities in adopting renew...
- + Brunei LNG issues alert on 'operational upset' at facility—Brunei LNG is managing an "operational upset" and flaring and noise could be observed at its facility, the Southeast Asian LNG exporter warned in a pu...
- + Latest New Mexico oil, gas lease sale attracts $5.5 mil in high bids—New Mexico's latest monthly state oil and gas lease sale attracted $5.5 million in high bids Nov. 19 -- lower than the last few sales but higher than ...
- + Brazil's Petrobras looking for opportunities to invest in Argentina's oil and gas sector—Brazil's state-run oil giant Petrobras is looking at opportunities to invest in Argentina, potentially in the Vaca Muerta shale play, nearly a decade ...
- + Argentina targets Brazil for gas export growth, first by pipeline, then LNG—Argentina's natural gas industry expects to start exporting supplies to Brazil as soon as December following the signing of a memorandum of understand...
- + UK LNG imports surge as country becomes preferred destination for diverted cargoes—The UK is set to receive its highest LNG volumes since February as it becomes the preferred destination for diverted LNG cargoes due to slot availabil...
As of 12/21/24 7:04am. Last new 12/15/24 4:06pm. Score: 554
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