Pietro D
Pitts
Hart Energy
What's Affecting Oil Prices This Week? (April 1, 2024)
Stratas Advisors forecasts that OPEC+ will continue to manage supply in a proactive manner while non-OPEC supply growth is expected to be more modest during 2024 and 2025 than seen in 2023.
CERAWeek: LNG to Play Critical Role in Shell's Future, CEO Says
Sawan said LNG will continue to play a critical role adding that LNG currently makes up around 13% of gas sales but was expected to grow to around 20% in the coming 15 to 20 years.
Babcock & Wilcox to Convert Coal Plant to NatGas
B&W will convert the plant’s two coal-fired boilers to natural gas by designing and installing burners, air systems, fans and other equipment.
CNX Joins Crowd of Companies Cutting Back NatGas Production
Appalachian gas producer CNX Resources is reducing natural gas production in 2024 and announced delays for well completions on three shale pads.
The Latest
Shipping Industry Urges UN to Protect Vessels After Iran Seizure
Merchant ships and seafarers are increasingly in peril at sea as attacks escalate in the Middle East.
Paisie: Crude Prices Rising Faster Than Expected
Supply cuts by OPEC+, tensions in Ukraine and Gaza drive the increases.
Ozark Gas Transmission’s Pipeline Supply Access Project in Service
Black Bear Transmission’s subsidiary Ozark Gas Transmission placed its supply access project in service on April 8, providing increased gas supply reliability for Ozark shippers.
EIA: Permian, Bakken Associated Gas Growth Pressures NatGas Producers
Near-record associated gas volumes from U.S. oil basins continue to put pressure on dry gas producers, which are curtailing output and cutting rigs.
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.
Tethys Oil Releases March Production Results
Tethys Oil said the official selling price of its Oman Export Blend oil was $78.75/bbl.
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.