- Joe Barone, Shale Directories
- Blog
- September 11, 2020
bp invests $1.1B in first offshore wind move
bp announced Thursday a $1.1 billion investment to enter the offshore wind sector, purchasing a 50% stake in two major developments in the U.S.- Joe Barone, Shale Directories
- Blog
- August 24, 2020
US weekly natgas storage build eases to 43 Bcf
Natural gas storage stocks increased by 43 billion cubic feet (Bcf) in the week ending August 14, as domestic consumption records some improvement, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 18, 2020
US ethane production to grow through 2021
The U.S.’s Energy Information Administration (EIA) expects ethane production to remain resilient and growing through 2021, Kallanish Energy reports. Estimates in the EIA’s Short-Term Energy Outlook (STEO) show ethane output will increase 7.65% year-on-year in 2020 to average 1.97 million barrels per day (Mmbpd).- Joe Barone, Shale Directories
- Blog
- August 17, 2020
US gas storage inventories above 5-year average
Working gas in storage in the U.S. Lower 48 states recorded a build of 58 billion cubic feet (Bcf) in the week ending August 7, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 13, 2020
Natural gas leads US power generation in H1
Cheaper U.S. natural gas prices helped the U.S. Lower 48 states to increase gas-fired power generation by 9% year-on-year in the first half of 2020, the EIA said on Wednesday.- Joe Barone, Shale Directories
- Blog
- August 13, 2020
US natgas consumption to shrink 3% in 2020
U.S. natural gas consumption is set to decline 3% year-on-year in 2020, Kallanish Energy learns from the EIA’s latest Short-Term Energy Outlook (STEO).- Joe Barone, Shale Directories
- Blog
- August 13, 2020
US natgas futures soften but set to rise through to 2021
U.S. natural gas futures softened on Wednesday as support from strong power generation demand is expected to slowdown, on forecasts of more moderate temperatures, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 10, 2020
US gas storage build in line with expectations
U.S. natural gas storage build for the week ending July 31 were roughly in line with market expectations, with net injections increasing by 33 billion cubic feet (Bcf).US July 31 rig count remains steady
The U.S rig didn’t lose any rigs in the latest count that was released on July 31. It didn’t gain any rigs either.- Joe Barone, Shale Directories
- Blog
- July 24, 2020
GAIL eyes government interference to renegotiate US LNG prices
India’s largest state-owned gas company, GAIL, is pushing its government to use strengthening diplomatic ties to bring U.S. LNG suppliers to the negotiating table.- Joe Barone, Shale Directories
- Blog
- July 20, 2020
US natgas net injection ease to 45 Bcf: EIA
U.S. natural gas storage build eased on the week ending July 10, with net weekly injections amounting to 45 billion cubic feet (Bcf), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 20, 2020
Trump administration invests in ‘new future’ for coal
The U.S. Department of Energy (DOE) announced on Friday it will provide $118 million in funding to support research and development of technologies to make coal power generation clean.- Joe Barone, Shale Directories
- Blog
- July 17, 2020
US LNG export prices rose 16.5% in May
U.S. liquefied natural gas (LNG) export prices increased 16.5% in May, despite a continued decline in delivered volumes, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 10, 2020
US LNG exporters facing 110 cargoes cancellations: STEO
U.S. exporters are set to face over 110 liquefied natural gas (LNG) cargoes cancellations this summer, the EIA said in its latest Short-Term Energy Outlook (STEO).- Joe Barone, Shale Directories
- Blog
- July 10, 2020
US natural gas stocks up by 56 Bcf: EIA
U.S. natural gas storage inventories rose by 56 billion cubic feet (Bcf) on the week ending July 3, the U.S. Energy Information Administration (EIA) estimated on Thursday.- Joe Barone, Shale Directories
- Blog
- June 22, 2020
Henry Hub gas prices hit two-decade lows
The U.S. Henry Hub natural gas prices reached the lowest levels in 21 years last week, as supply rises slightly while demand drops, according to the U.S.- Joe Barone, Shale Directories
- Blog
- June 10, 2020
China to add 2.9 Tcf/y regas capacity by 2024
China is expected to drive growth in new-build regasification capacity over the next four years, adding around 2.9 trillion cubic feet per year (Tcf/y) capacity, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 10, 2020
North American LNG sectors to continue struggling: GlobalData
The North American liquefied natural gas (LNG) sector is set to continue struggling in the mid- to long-term due to the weak economic outlook and the impact of Covid-19, GlobalData said this week.- Joe Barone, Shale Directories
- Blog
- June 8, 2020
US natural gas storage build up 39% y-o-y
Working gas in underground storage in the U.S. Lower 48 states rose by 102 billion cubic feet (Bcf) in the week ending on May 29, according to the U.S.- Joe Barone, Shale Directories
- Blog
- June 8, 2020
US LNG exports to Asia ‘secure for now’: WoodMac
Despite the recent cancellations in U.S. liquefied natural gas (LNG) cargos, offtake by Asian buyers “looks relatively secure,” Wood Mackenzie experts said last week.- Joe Barone, Shale Directories
- Blog
- June 2, 2020
US senators plan new sanctions on NS2 pipeline
Gazprom and its European partners could face new sanctions against their Nord Stream 2 gas pipeline project, as two U.S. senators mull further restrictions, Kallanish Energy understands.- Joe Barone, Shale Directories
- Blog
- May 29, 2020
US LNG exports to continue dropping through summer: EIA
U.S. liquefied natural gas (LNG) exports are set to continue declining through the summer, with reductions estimated above 5 billion cubic feet per day (Bcf/d) in July.US, Canadian O&G rigs drop to new low
The U.S. and Canadian oil and gas rig count has fallen to a new record low on the week ending 22 May, Kallanish Energy learns from energy services firm Baker Hughes.- Joe Barone, Shale Directories
- Blog
- May 22, 2020
US natgas storage rises by 81 Bcf w-o-w
The U.S. Energy Information Agency (EIA) reported on Thursday a smaller-than-expected build in its natural gas storage inventories, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 21, 2020
US Lower 48 gas production to bottom out in November
Natural gas production onshore of the U.S.’s Lower 48 states will hit bottom in November at 82.5 billion cubic feet per day (Bcf/d), according to Rystad Energy.- Joe Barone, Shale Directories
- Blog
- May 20, 2020
US LNG exports rise 8.2% in March, prices fall 4%
U.S.’s liquefied natural gas (LNG) exports rose 8.2% month-on-month in March to 244.1 billion cubic feet (Bcf), the Department of Energy said in its latest monthly report.- Joe Barone, Shale Directories
- Blog
- May 20, 2020
Natgas outlook remains bleak due to oversupply
Natural gas outlook in the U.S. remains bleak through 2020, despite some support from reduced associated gas production, GlobalData said on Tuesday.- Joe Barone, Shale Directories
- Blog
- May 19, 2020
Equinor to start quarterly reports on US business results
Norway’s Equinor said Monday it will start reporting financial results for its U.S. business as a separate operating segment: Exploration and Production International.- Joe Barone, Shale Directories
- Blog
- May 15, 2020
Largest 2020 oil production cuts to come from US: IEA
Saudi Arabia has pledged to deliver an “extraordinary” production cut in June, but it’s the U.S. that will be the biggest contributor to global supply reductions, the IEA said Thursday.US rig count drops for eighth straight week: Baker Hughes
The number of drilling rigs in the United States continued to drop in the latest count by Baker Hughes, the well services company.- Joe Barone, Shale Directories
- Blog
- April 27, 2020
US natural gas stocks up by 827 Bcf y-o-y
The U.S. Energy Information Administration said last week the country’s natural gas stocks were 827 billion cubic feet (Bcf), or 63%, higher than the same period last year.US rig count drops by another 73: Baker Hughes
The U.S. rig count continued its sharp drop in the wake of the coronavirus pandemic and low commodity prices, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 16, 2020
US negotiates storage contracts with nine oil producers
The U.S. Department of Energy (DoE) is negotiating contracts with nine domestic oil producers to enable them to store their crude oil in the country’s strategic petroleum reserves (SPR) facilities.- Joe Barone, Shale Directories
- Blog
- April 14, 2020
US gas production to shrink 8-10 Bcf/d on oil price crash
The collapse in oil prices is set to drastically change the North American gas industry, with supply expected to shrink by 8 to 10 billion cubic feet per day (Bcf/d) by the end of 2021, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 10, 2020
Opec+ mega oil deal hangs on Mexico’s agreement
Opec+ group led by Saudi Arabia and Russia agreed overnight on Thursday to revive their output cut agreement, setting up a plan to reduce 10 million barrels per day (Mmbpd) in the next two months, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 9, 2020
Opec+ set to face challenges in emergency meeting
Opec and non-Opec producers are set to have a difficult time negotiating the terms of a potential output cut deal on Thursday.- Joe Barone, Shale Directories
- Blog
- April 9, 2020
Texas oil producers asked to scale back further
The U.S.’s Institute for Energy Economics and Financial Analysis on Monday asked the Texas Railroad Commission to scale back its oil production for the good of the domestic industry, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 8, 2020
China resumes LNG imports from the US
Chinese buyers have resumed imports of liquefied natural gas (LNG) from U.S. exporters, as Beijing started granting waivers to a 25% import tariff.- Joe Barone, Shale Directories
- Blog
- April 7, 2020
Russia, Saudi Arabia ‘very close’ to break new deal
Russia and Saudi Arabia are “very, very close” to reaching an agreement on oil production cuts, the CEO of Russia’s sovereign wealth fund RDIF said on Monday.- Joe Barone, Shale Directories
- Blog
- April 7, 2020
Equinor, partners make oil discovery in US GoM
Equinor announced on Monday a crude oil discovery in its operated Monument exploration well, in the central U.S. Gulf of Mexico, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 6, 2020
US natgas consumption down 18% in Q1: EIA
U.S. residential and commercial natural gas consumption fell 18% in the first quarter of the year, mostly due to a mild winter, the U.S.- Joe Barone, Shale Directories
- Blog
- April 3, 2020
Oil prices rally over 30% on hopes of output cuts
Crude oil prices rallied on Thursday after U.S. President Donald Trump said Saudi Arabia and Russia could agree on cut production by 10 million barrels, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 2, 2020
BP slashes capex, cuts US onshore activities
British oil major BP said Wednesday it will slash organic capex by 25% to protect its financial health, in response to the Covid-19 pandemic and ongoing market disruption, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 25, 2020
Market conditions threaten US petchem projects
The U.S. and global chemical investment wave is set to slow “considerably” in the coming years, as companies slash their capex to preserve cash, ICIS said this week.- Joe Barone, Shale Directories
- Blog
- March 23, 2020
Gas prices to remain low over the next two years: Fitch ?
Fitch Ratings has trimmed its natural gas price forecasts both for the U.S. and European benchmarks on the back of “very large” market oversupply, Kallanish Energy reports.US rig count increases by three in last week
The number of rigs drilling for oil and natural gas in the United States increased by three, according to a new report compiled by Baker Hughes, the Texas-based well service company.- Joe Barone, Shale Directories
- Blog
- March 3, 2020
Mercantile & Maritime to end shipping of Rosneft’s Venezuelan oil
Singapore-based Mercantile & Maritime group, a global business operating across the oil and gas value chain, confirmed Monday it will terminate its shipments of Venezuelan oil for Rosneft, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 16, 2019
Trump authorizes release of oil reserves, line approvals
U.S. President Trump said Sunday he’s authorized a fast-track approach to pipeline approvals in Texas and other states following the attacks on Saudi oil facilities Saturday, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 7, 2019
Natural Gas Now Best Picks of the Week – September 7, 2019
Tom ShepstoneShepstone Management Company, Inc. … … Natural Gas NOW readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy.- Joe Barone, Shale Directories
- Blog
- August 31, 2019
Natural Gas Now Best Picks of the Week – August 31, 2019
Tom ShepstoneShepstone Management Company, Inc. … … Natural Gas NOW readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy.- Joe Barone, Shale Directories
- Blog
- August 15, 2019