TTF gas prices keep falling on surging global LNG supply
European gas prices continued to soften in November, with TTF month-ahead prices down by 25% year-on-year to $10.5 per MMBtu as a 15% yoy surge in global LNG supply outstrips demand.
Freeport LNG set for regular operations after hurricane and as Texas power to be nearly restored by July 14
Freeport LNG, the US export facility on Quintana Island in Texas, is set for regular operations as port restrictions are lifted after Hurricane Beryl and as power supplies across the state are expected to be 80 percent restored by July 14.
US freeze hits natural gas and power prices with surges to $23 per MMBtu while Henry Hub nears $10 per MMBtu
US natural gas supplies plunged and prices soared to almost $23 per million British thermal units at several Citygates as extreme cold froze some wells while heating demand soared for gas-fired power and the severe climatic conditions also curbed wind power availability.
ONEOK in $18.8Bln deal with Magellan to combine oil and gas hub assets in US Gulf Coast and Mid-Continent
US energy infrastructure company ONEOK Inc. has signed a definitive merger agreement with Magellan Midstream Partners in a cash-and-stock transaction valued at around $18.8 billion to combine the two Oklahoma-based energy groups.
Targa to complete $3.55Bln cash buy of Delaware Basin gas gathering and processing assets in third quarter
Targa Resources Corp., one of the largest US independent midstream infrastructure companies, has agreed to acquire Lucid Energy, a natural gas gathering and processing services company in the Delaware Basin from US asset managers for $3.55 billion in cash and the transaction will be completed in the third quarter.
US DoE grants pipeline and re-export permits to Singapore-owned LNG project in Sonora in Mexico
The US Department of Energy said the Epcilon LNG export project in the Mexican state of Sonora has been authorized to import pipeline natural gas to Mexico and re-export it as LNG to nations without a Free Trade Agreement with the US.
Slowdown in LNG shipments from Gulf Coast will be offset by rise in pipeline gas exports to Mexico
The cancellation of LNG cargoes from Gulf Coast export plants amid over-supply and a price collapse is set to be offset by an increase in pipeline exports to Mexico, the largest component of US natural gas trade and a key take-away portion of still high production levels.
Tellurian CEO Meg Gentle said company is lean, resolved and focused on delivering Driftwood LNG
Tellurian Chief Executive Meg Gentle said the Houston company is lean, resolved and focused on delivering the Driftwood LNG export project near Lake Charles in Louisiana.
Occidental now agrees to have three nominees from US activist investor Carl Icahn on its board
Occidental Petroleum Corp., the largest acreage holder in the prolific Permian Basin and the winner of the bidding last year for Anadarko Petroleum, has entered into an agreement with US activist investor Carl Icahn and is taking three Icahn-designated directors onto its board.
Tellurian plans to cut spending and overhaul finances to navigate uncertain global market
Tellurian Inc., the developer of the Driftwood LNG export project in Louisiana, said it intended to reduce corporate spending and reorganize financing for its 2019 term loan as it prepares for uncertain market conditions.
