Midstream

Natural Gas Futures Losing Streak Endures Amid Bearish Fundamentals; Spot Prices Slide

This post was originally published on this siteNatural gas futures on Tuesday fell for a third consecutive session as cooling demand remained elusive and production levels held strong. Following an 18.5-cent drop the prior session and a loss to end last week, the June Nymex gas futures contract settled at $2.321/MMBtu on Tuesday, down 7.9 […]

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Mexico Railway Line Seizure Rattles Private Sector During Moment of ‘Great Opportunity’

This post was originally published on this siteMexican President Andrés Manuel López Obrador’s government claimed inefficiencies in supply chains were behind a recent and temporary nationalization of private assets. Last Friday, the military seized part of a rail line owned by Grupo Mexico SAB unit Ferromex in the southern state of Veracruz. The railway is

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Lake Charles LNG Seeks Rehearing, Alleges DOE Export Extension Denial was ‘Arbitrary’

This post was originally published on this siteEnergy Transfer LP has filed a request for rehearing with the U.S. Department of Energy (DOE) after the agency denied an export authorization extension last month for the company’s proposed Lake Charles LNG project in Louisiana. In the filing, officially published by the DOE Monday, Energy Transfer’s lawyers

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Mozambique LNG Partners Commit $200M to Develop Region in Sign Project Work Could Restart

This post was originally published on this siteTotalEnergies SE said Tuesday that Mozambique LNG project sponsors would establish a $200 million foundation for socio-economic development in the province of Cabo Delgado to better stabilize the region where the export plant would be located.  Work on the $20 billion project was suspended in 2021 amid a

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Natural Gas Gathering Line Operators Gain Reprieve from PHMSA Rule

This post was originally published on this siteFederal officials failed to adequately address the costs to regulate natural gas and hazardous liquids gathering pipelines, and “ultimately failed” to reasonably explain the benefits, the U.S. Court of Appeals for the District of Columbia Circuit has ruled. The circuit court granted a petition for review in the

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EIA: Texas, New Mexico Led US Crude Oil Production Last Year

This post was originally published on this site (P&GJ) — U.S. crude oil production grew 5.6%, or 0.6 million bpd, in 2022 compared with 2021, averaging 11.9 million bpd, according to the U.S. Energy Information Administration (EIA). The two states the Permian Basin spans—Texas and New Mexico—contributed the most growth to U.S. crude oil production

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Natural Gas Futures Erase Last Week’s Gains as Weather Demand Seen Lacking

This post was originally published on this siteNatural gas futures extended their losses on Monday, with prices tumbling by double digits amid light weather demand and lofty production that has held near the century mark despite maintenance events that have curtailed output. The June Nymex gas futures contract settled 18.5 cents lower at $2.400/MMBtu. July

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‘Everybody Wants It Done,’ Says Manchin as Energy Permit Reform Bills Crop Up

This post was originally published on this siteAs the federal debt ceiling approaches, congressional leaders, federal agencies and natural gas industry advocates are increasingly looking to get permitting reform bills off the ground and up for consideration in a potential federal budget package.  Sen. Joe Manchin (D-WV) earlier this month reupped his legislation, the Building

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Canceled Quebec LNG Project Sponsors Allege Government Bait and Switch in $20B Claim

This post was originally published on this siteA $20.12 billion international damage claim has been claimed against the Canadian government for the regulatory rejection of Quebec LNG project Energie Saguenay, a decision the United States-based owner called “discriminatory.” Ruby Capital LLC is seeking to regain $120 million of regulatory costs and $20 billion of lost

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