Midstream

Demand Reduction, Term LNG Supplies Among Keys to Coming Winters in Europe, Bruegel Says

This post was originally published on this siteEurope must continue cutting its natural gas consumption this year and act quickly to secure additional supplies if it expects to make it through next winter, according to Brussels-based think tank Bruegel. The European Union (EU) must cut demand this year by 13% from the previous five-year average …

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More Mild Temps on Tap for February as Natural Gas Forward Prices Slide

This post was originally published on this siteValue continued to erode in regional natural gas forwards markets during the Jan. 26-Feb. 1 trading period as forecasts showed this month was poised to carry over the same warm-dominated themes that have collapsed prices winter-to-date. March fixed prices at benchmark Henry Hub sank 44.7 cents to end …

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U.S. Natural Gas Activity Steady and Completions Market Tight, Says Liberty CEO

This post was originally published on this siteA softening outlook for natural gas activity and an elevated recession risk may lead to some hiccups this year, but the overall forecast for North American hydrocarbons is the healthiest in years, according to Liberty Energy Inc. CEO Chris Wright. The Denver-based hydraulic fracturing (fracking) and completions expert …

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Oil, Natural Company Financial Chiefs Forecasting Continued Growth in 2023

This post was originally published on this siteMost of the top financial officers of oil and natural gas companies expect 2023 to bring increases to profitability as a result of post-Covid demand recovery and investors “warming to the industry,” according to a recent survey from BDO USA LLP. In the face of a potential economic …

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Spot Gas Prices Surge in New England Ahead of Arctic Blast; Futures Shed a Penny

This post was originally published on this siteNatural gas futures slipped further into the red on Thursday despite the potential for cold weather to return to the Lower 48 within the next couple of weeks. With mixed messages in the latest storage data, and Freeport LNG not yet back online, the March Nymex gas futures …

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Expect ‘Moderate and Choppy’ U.S. Land Activity, Says H&P Chief

This post was originally published on this siteRig technology expert Helmerich & Payne Inc. (H&P) is not expecting over-the-top activity by its exploration customers this year, with steady and moderate activity more likely, CEO John Lindsay said this week. Lindsay on Tuesday discussed the fiscal first quarter performance for the Tulsa-based oilfield services company. Last …

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One-Tank names business development manager

This post was originally published on this siteSt. Charles, Missouri-based InSite Platform Partners has hired Danny Leverette as business development manager for its One-Tank team. The post One-Tank names business development manager appeared first on LP Gas.

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