Midstream

Natural Gas Futures, Spot Prices Advance Again Amid Supply Interruptions

This post was originally published on this siteThe U.S. Energy Information Administration (EIA) on Thursday reported an injection of 86 Bcf natural gas into storage for the week ended Sept. 29. The result fell short of market expectations for a build in the 90s Bcf, bolstering Nymex natural gas futures. At A Glance: BREAKING: U.S. …

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Natural Gas Futures Fly Above $3.00 Following Bullish Storage Print

This post was originally published on this siteThe U.S. Energy Information Administration (EIA) on Thursday reported an injection of 86 Bcf natural gas into storage for the week ended Sept. 29. The result fell short of market expectations for a build in the 90s Bcf, bolstering Nymex natural gas futures. Analysts cited lower production levels …

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Trafigura Secures U.S.-Backed Credit Line for LNG Exports

This post was originally published on this siteTrafigura Group Pte. Ltd. has secured a $400 million credit line insured by the U.S. Export-Import Bank to move more LNG to Europe. The global commodities trader said the two revolving credit facilities would be “used exclusively” to deliver U.S. liquefied natural gas to “customers primarily in Europe.” …

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BP-led Archaea Expands U.S. RNG Volumes with Start-Up of Indiana Facility

This post was originally published on this siteA renewable natural gas (RNG) plant in Indiana, able to process 3,200 cubic feet/minute of landfill gas, has begun operations, according to BP plc-led Archaea Energy. The RNG facility in Medora, sited by a landfill owned by Rumpke Waste and Recycling, is the first to come online since …

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Civitas Deepens Permian Basin Presence, Snaps Up Vencer Energy Assets

This post was originally published on this siteDenver-based Civitas Resources Inc. is taking on more upstream acreage in the Permian Basin. In a $2.1 billion transaction, Civitas signed an agreement with Vitol Inc. subsidiary Vencer Energy LLC to add some 44,000 net acres in the Midland Basin in West Texas. The assets have current production …

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With ‘Relatively Bullish’ EIA Print on Tap, Natural Gas Futures Continue to Test $3 Level Early

This post was originally published on this siteAs traders looked ahead to a potentially supportive surplus-trimming government inventory report, natural gas futures probed above the $3.000/MMBtu level early Thursday. The November Nymex contract was up 5.5 cents to $3.017 at around 8:50 a.m. ET. December was up 4.9 cents to $3.369. Estimates have the U.S. …

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Palmdale Oil acquires Como Oil & Propane

This post was originally published on this sitePalmdale Oil of Fort Pierce, Florida, acquired Como Oil & Propane, a southeastern, Florida-based, full-service fuel and propane distributor. The post Palmdale Oil acquires Como Oil & Propane first appeared on LP Gas.

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