Midstream

Late Buying Spree Propels Natural Gas Futures Higher for Fifth Straight Day; Cash Mixed

This post was originally published on this siteIn a display of technical trading at work, natural gas futures spent the majority of Tuesday’s trading session firmly in the red before a late rally sent the April Nymex gas futures contract 1.6 cents higher day/day to $2.747/MMBtu. May futures tacked on a penny to $2.863. At

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Freeport LNG Requests Authorization to Restart Last Liquefaction Train

This post was originally published on this siteFreeport LNG Development LP this week asked federal regulators for approval to begin commercial operations from Train 1. “Freeport has performed a full pre-startup safety review of Train 1, identified and completed corrective work necessary to be able to safely restart the unit, and is ready to commence

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FSRU-Operator Excelerate Nets Long-Term Offtake from Venture Global’s Plaquemines LNG

This post was originally published on this siteLNG vessel and floating storage and regasification unit (FSRU) operator Excelerate Energy Inc. is wading into offering fuel trading with a long-term agreement for offtake from Venture Global Inc.’s Plaquemines LNG. Texas-based Excelerate has inked a 20-year, 0.7 million metric ton/year sales and purchase agreement (SPA) for delivery

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Targa Continues to Build Out Natural Gas Infrastructure, Pursue Acquisitions To Meet Enduring Demand

This post was originally published on this siteTarga Resources Corp. is bullishly pushing forward with expansion projects in the prolific Permian Basin, citing expectations for robust global oil and natural gas demand long term The Houston-based company expects momentum to push through 2023, a year in which global oil demand is projected by the International

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New Fortress Says First LNG Exports From Mexico Coming This Summer

This post was originally published on this siteNew Fortress Energy Inc. (NFE) is expecting to achieve first LNG from a floating liquefied natural gas production unit offshore Altamira, Mexico, in about 120 days, management said Tuesday. Construction is about 80% complete on the first of two “Fast LNG” or FLNG liquefiers to be deployed at

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California Resources Dropping Rigs, Production in 2023 as Independent Realigns Operations

This post was originally published on this siteCalifornia Resources Corp. (CRC) in 2023 is expecting to develop its highest-returning oil and natural gas projects with the permits it has in hand and a 1.5 rig program as it zeroes in on maintenance operations and builds its carbon management business.  “As any focused company should do,

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Natural Gas Futures Climb Fourth Straight Day as Models Tease More Cold

This post was originally published on this siteNatural gas futures extended their gains on Monday as weather models continued to show cold over much of the Lower 48 for early to mid-March and Freeport LNG stayed on its path toward full operations. With some nascent technical momentum also in play, the newly prompt April Nymex

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Calgary’s Pembina Pipeline Eyeing Cedar LNG FID by Third Quarter

This post was originally published on this sitePembina Pipeline Corp. is aiming to sanction the Cedar LNG export project proposed for Kitimat, British Columbia (BC), by the third quarter of this year, according to management. Calgary-based Pembina, a natural gas and liquids midstream player with assets mainly in Western Canada, is developing the 3 million

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