Midstream

Mild Winter, Strong Storage Inventories Drag Down Global Natural Gas Price Outlook

This post was originally published on this siteThe sinking cost of natural gas and LNG prices across the world in recent weeks has influenced banks and energy analysts to lower their price forecasts for the year as global storage inventories and demand hold steady. Expectations have especially shifted for the Dutch Title Transfer Facility, which […]

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NextDecade Nets 1 MMty Deal with Japan’s Itochu for Rio Grande LNG

This post was originally published on this siteNextDecade Corp. inked a long-term agreement with its first Japanese customer, Itochu Corp., for offtake from the proposed Rio Grande LNG project in South Texas. NextDecade said Thursday Itochu signed a 15-year sales and purchase agreement (SPA) for 1 million metric ton/year (mmty) of liquefied natural gas indexed

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North American E&P Spend to Increase 14% in 2023; Maintain in Appalachia, Grow in Haynesville

This post was originally published on this siteOnly a few U.S.-based exploration and production (E&P) companies have provided formal capital spending plans for 2023, but expenditures overall are forecast to decelerate from a year ago. E&P executives are surveyed twice a year by Evercore ISI to determine the level of capital expenditures (capex) and activity,

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Natural Gas Futures Tick Lower After EIA Prints 82 Bcf Storage Withdrawal

This post was originally published on this siteThe U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 82 Bcf natural gas from underground storage for the week ended Jan. 13. The result proved steeper than expectations – though anemic compared to historic averages — and left already battered Nymex natural gas futures modestly

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Canadian Province and First Nations Agree to Revive Oil, Gas Development in Montney Play

This post was originally published on this site The Canadian province of British Columbia (B.C.) announced a land, water and resource management agreement with the Blueberry River First Nations Indigenous group on Wednesday that will restart development in the vast Montney shale play. The deal includes an annual 750-hectare (1853-acre) cap on new land that

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