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Not registered? Several interlocking factors look to produce stronger US natural gas prices in 2021. "As maintenances begin, we expect a much more bullish summer and winter outlook than what we experienced last year," said Cabot Oil and Gas CEO Dan O. Dinges, during the company's Q1 2021 earnings call on April 30. "US LNG exports are currently averaging over 11 Bcf/d, more than 3 Bcf/d over last year. Mexican exports are up to 7 Bcf/d or 2 Bcf/d over this time last year." Global LNG loadings remain robust, up 3.3% year on year, with a strong pricing environment incentivizing all marginal supp...

Part 3: Part 4: Interior sends 'clear signal' promoting wind, targeting oil, gas Federal Energy Regulatory Commission Chairman Richard Glick has sought to smooth tensions with states whose varied clean energy policies have come into conflict with the nation's mandatory power capacity markets. And in its natural gas project work, FERC has begun to elevate considerations of climate change, environmental justice and community impacts, at times rattling pipeline companies worried about the permanence of its decisions supporting projects. "Glick is attacking everything. He is at warp speed right ...

Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now On April 29, Mexico's National Hydrocarbons Commission (CNH) approved a request by Premier, owned by UK-based Harbour Energy, to modify its exploration plans for block B-60, in the marine part of the Burgos Basin, to explore the Mesozoic formations in the block. CNH had approved a similar request from the company for the adjacent block B-57 on April 22. Just like in block B-57, Premier will be spending roughly $2 million more than the originally planned $10.29 million at block B-...

Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Federal Energy Regulatory Commission Chairman Richard Glick has sought to smooth tensions with states whose varied clean energy policies have come into conflict with the nation's mandatory power capacity markets. In its natural gas project work, FERC has begun to elevate considerations of climate change, environmental justice and community impacts, at times rattling pipeline companies worried about the permanence of its decisions supporting projects. "Glick is attacking everythin...

The updated forecast is based on a stronger commodity price outlook for 2021 with PSAC now expecting the West Texas Intermediate (WTI) crude oil price to average US$58/barrel for 2021, natural gas prices of C$2.75 per thousand cubic feet (AECO) and the Canadian dollar slightly stronger, averaging US$0.80. PSAC interim president & CEO Elizabeth Aquin commented: "Global demand for oil is expected to recover and grow with the ramp-up in vaccinations despite harsh restrictions to counter the third wave of COVID-19 currently wreaking havoc on several key markets around the globe.  “According...