Natural Gas
Business , Natural Gas , Trade
Exxon Mobil, Macquarie in $11.7 Million Lawsuit over Gas Contract
The lawsuit filed by Exxon Mobil’s natural gas business said last month’s massive winter storm and declarations of emergencies in Texas prevented it from fulfilling its supply commitment to Macquarie, the second largest U.S. gas marketer.
Liquefied Natural Gas (LNG) , Natural Gas , Infrastructure , Midstream
PATH FORWARD: How FERC’s New Chair Will Impact the Oil Industry
FERC will align with President Biden’s climate goals but the energy transition cannot be done “on the backs of oil and gas workers,” says Ken Irvin, co-leader of global energy practice with Sidley Austin.
Field Development , Liquefied Natural Gas (LNG) , Natural Gas
Qatar Petroleum, Exxon Mobil CEOs Talk LNG, Natural Gas
Qatar Petroleum and Exxon Mobil are betting big on LNG and natural gas as the demand outlook appears promising for both.
Natural Gas , Trade
US Trade Groups Urge Biden to Cap Natural Gas Prices after Texas Freeze
Gas prices, which usually trade around $3 per MMBtu, rocketed to over $300 per MMBtu at some hubs, while power prices, which usually trade around $25 per megawatt-hour in Texas, soared to over $10,000 at times.
Private Equity , Natural Gas , Acquisitions & Divestitures , Midstream
Tailwater Capital Strikes Midstream Deal With NorTex
The NorTex Midstream deal follows the acquisition of Tall Oak II and III by Tailwater Capital last month in Oklahoma’s Arkoma STACK.
Liquefied Natural Gas (LNG) , Natural Gas , Trade
Texas RRC Notifies Producers of Governor Abbott’s Mandate to Keep Gas in State
The Texas Railroad Commission, though, likely does not have the authority to interfere with contracts between companies to sell gas out of state, says Commissioner Jim Wright.
Liquefied Natural Gas (LNG) , Natural Gas , Trade
Mexico Presses US to Guarantee Natural Gas Supplies after Texas Export Ban
Texas Governor Greg Abbott ordered the restrictions on out-of-state supplies of natural gas from Texas through Feb. 21, citing the weather emergency. Mexico is Texas’ main out-of-state customer for gas.
Natural Gas
US Natural Gas Soars Over 10% as Deep Freeze Strains Output
The deep freeze hit Texas’ energy industry, shutting refineries and forcing restrictions on natural gas pipeline operators, while leaving over 4 million people without power.
Natural Gas , Construction , Pipelines
Analyst: End of an Era for Large Greenfield Gas Pipes?
High costs, regulatory hurdles and environmentalist opponents have made it difficult to construct major natural gas pipelines out of Appalachia.
Natural Gas , Crude Oil , Shale Plays , Midstream
Report: Coal Poised to Regain Some Market Share from Natural Gas
Constraints on the midstream will result in higher gas prices, East Daley says, leading utilities to rely more on cheaper coal.