The Latest

US Orders Most Companies to Wind Down Operations in Venezuela by May

The U.S. Office of Foreign Assets Control issued a new license related to Venezuela that gives companies until the end of May to wind down operations following a lack of progress on national elections.

EU Expected to Sue Germany Over Gas Tariff, Sources Say

The German tariff is a legacy of the European energy crisis that peaked in 2022 after Moscow slashed gas flows to Europe and an undersea explosion shut down the Nord Stream pipeline.

Balticconnector Gas Pipeline Will be in Commercial Use Again April 22, Gasgrid Says

The Balticconnector subsea gas link between Estonia and Finland was damaged in October along with three telecoms cables.

Report: Freeport LNG Hits Sixth Day of Dwindling Gas Consumption

With Freeport LNG operating at a fraction of its full capacity, natural gas futures have fallen following a short rally the week before.

Pemex to Remain Fiscally Challenged for Mexico’s Next President

S&P Global Ratings said Pemex will remain a fiscal challenge for the country’s next president, adding that continued cautious macroeconomic management was key in its ratings on both Mexico and Pemex.

Permian NatGas Hits 15-month Low as Negative Prices Linger

Prices at the Waha Hub in West Texas closed at negative $2.99/MMBtu on April 15, its lowest since December 2022.

EQT Strengthens Appalachian Position in Swap with Equinor

EQT, the largest natural gas producer in the U.S., is taking greater control of the production chain with its latest move.

Trillion Energy Begins SASB Revitalization Project

Trillion Energy reported 49 m of new gas pay will be perforated in four wells.

US NatGas Futures Hit Over 2-week Low on Lower Demand View

U.S. natural gas futures fell about 2% to a more than two-week low on April 15, weighed down by lower demand forecasts for this week than previously expected.
 

US Drillers Cut Oil, Gas Rigs for Fourth Week in a Row-Baker Hughes

The oil and gas rig count, an early indicator of future output, fell by three to 617 in the week to April 12, the lowest since November.