Updated Aug 22, 2024
8/22/24
Unable to gain traction, September Nymex natural gas futures saw early Wednesday gains ebbed away in favor of modest losses as tides were turning on fundamentals with lingering weather support expected to drift away into the fall shoulder season.
By Jodi Shafto
on
By Kevin Dobbs on
Permian Basin benchmark Waha cash prices, mired in a protracted slump amid limited natural gas takeaway capacity and a supply glut, may see the summer come and go without relief. But a massive new pipeline is slated to enter service this fall, promising to free up an abundance of associated gas and ease pricing pressure.
By Carolyn Davis on
A deal by Enterprise Products Partners LP to snap up a Permian Basin sour gas midstream operator will accelerate the Houston giant’s strategy in the nation’s largest producing region by “at least three or four years,” a top executive said Wednesday.
By Jacob Dick on
After reviewing a collection of private documents about commissioning of Venture Global LNG Inc.’s Calcasieu Pass export terminal, several of its foundational customers are again urging FERC not to approve an extension.
By Andrew Baker on
Private equity-backed Brazos Midstream is planning to add 500 MMcf/d of cryogenic natural gas processing capacity and 175 miles of gas gathering pipelines in the Permian Basin’s Midland sub-basin by the end of next year, management said.
By Kevin Dobbs on
Natural gas futures traded in a narrow band early Wednesday as traders contemplated favorable late-summer fundamentals alongside the specter of fall weather and the inevitable swoon in cooling demand that it delivers.
By Jodi Shafto on
September Nymex natural gas futures’ early attempt to extend a rally into Tuesday’s session failed amid expectations for demand weakness as weather outlooks pointed to increasingly mild conditions across major natural gas-consuming regions.
By Jodi Shafto on
Technical indicators appear to support a positive outlook for natural gas prices at least in the short term, but cautious traders could decide to enter the market only when the price moves above key resistance levels, according to technical analysts.
By Jamison Cocklin on
Shell plc and PetroChina Co. Ltd. are moving ahead with plans to develop the second phase of the Surat Gas project in Queensland, Australia.
By Carolyn Davis on
Energy midstream giant Tallgrass Energy, which operates 10,000-plus miles of natural gas and oil pipelines and storage systems across the Lower 48, has clinched a new partner that is bringing in a bundle of funding.
By Chris Newman on
TC Energy Corp. is moving forward with the Cedar Link lateral from the Coastal GasLink (CGL) natural gas pipeline to supply the Cedar LNG Partners LP export project on Canada’s west coast.
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