LNG and pipeline gas prices rebound worldwide as high storage and warm weather fail to stem supply concerns
Liquefied natural gas and wholesale pipeline gas values in Europe and Asia as well as US Gulf Coast LNG cargo futures rebounded on higher demand forecasts even as storage was mixed and temperatures warmer.
ExxonMobil and Chevron profits hit by lower natural gas prices as takeover deals progress amid Guyana dispute
ExxonMobil Corp. and Chevron Corp. reported first-quarter declines in profits and revenues on lower natural gas prices while both are advancing with their major takeover transactions amid a pre-emption dispute over key assets in the new South American oil and gas hub of Guyana.
Israel shuts Chevron-operated Tamar gas field in war zone as US and European natural gas prices jump to outpace oil
Israel has suspended production at the Tamar natural gas field supplying Israel, Jordan and Egypt offshore the East Mediterranean coast and not far from the Gaza strip after the terrorist attacks against Israeli civilians over the weekend that have spread regional instability and affected natural gas prices more than crude oil prices.
US NYMEX and oil prices remain stable as Russian effects are mostly already discounted by energy sanctions
Global natural gas and LNG prices were largely unaffected by Russia’s political and military unrest over the weekend as Russian oil and natural gas values have already been largely discounted by sanctions and the shutdown of the Nord Stream gas pipelines to Europe.
Gazprom reports further drop in EU gas and sets new condition over missing Nord Stream compressor
Russian natural gas company Gazprom said exports to countries outside the former Soviet Union were down more than 33 percent year-on-year in the 2022 period from January through July 15 as the Nord Stream I pipeline to Germany was closed for a seventh day of a scheduled 10 days of maintenance.
Fleet owner Flex LNG posts record profits while spot freight has ‘red-hot’ November and ‘ice-cold’ January
Flex LNG, the shipping company with a fleet of 13 carriers, achieved charter equivalent rates of almost $96,000 per day in the fourth quarter to help reach record revenues and net income.
Asian spot LNG prices rise amid jump in Brent crude as Dutch TTF remains high on European concerns
European natural gas prices fell back from record highs of the past week while North Asian spot cargo values moved higher as spot shipping charter rates soared, while crude oil increased every day this week to boost long-term LNG contract prices.
Shell says third-quarter earnings impacted by US hurricane and natural gas trading offset by other issues
Royal Dutch Shell, whose oil and gas operations include more than 60 million tonnes per annum of LNG sales, has warned that its third-quarter earnings would be hit by the impacts of Hurricane Ida in the US Gulf of Mexico and is expected to have an aggregate adverse impact of around $400 million.
US LNG exports increase along with feed-gas supply to plants as natural gas and LNG indictors steady
US LNG exports increased to seven shipments in the past week while feed-gas supplies to liquefaction and export plants also rose as natural gas prices and LNG indicators edged higher or were steady.
Italian energy company and major LNG sector participant Eni will have $4Bln of write-downs in earnings
Eni, the Italian energy company with widespread LNG interests, said it would write off around €3.5 billion euros ($4Bln) from the value of its assets after revising down its long-term outlook for oil and gas prices.
