Andrew Baker

1 week ago | naturalgasintel.com | Chris Newman |Jacob Dick |Christopher Lenton |Andrew Baker

Natural gas forward prices surged during the May 1-7 trading period as the market responded to summer heat popping up in forecasts and uncertainty in oil markets boosting price outlooks. June fixed prices for all North American hubs rose by an average 36.1 cents during the period, NGI’s Forward Look data show. The biggest price gains were seen in Appalachia, California, the Rockies, Southeast and in West Texas. Stanfield rose 54.1 cents week/week to $3.197 for June delivery.

1 week ago | naturalgasintel.com | Kevin Dobbs |Chris Newman |Andrew Baker

Kevin Dobbs joined the staff of NGI in April 2020. Prior to that, he worked as a financial reporter and editor for S&P Global Market Intelligence, covering financial companies and markets. Earlier in his career, he served as an enterprise reporter for the Des Moines Register. He has a bachelor's degree in English from South Dakota State University.

1 week ago | naturalgasintel.com | Jamison Cocklin |Jacob Dick |Christopher Lenton |Andrew Baker

ConocoPhillips, the world's largest independent oil and gas producer, has no plans to scale back operations as commodity prices and energy demand waver amid a global trade war, despite what CEO Ryan Lance said is a market characterized by “uncertainty and volatility.” Lance told analysts during a call on Thursday to discuss first quarter earnings that the company has decades of inventory it can develop below its $40/bbl West Texas Intermediate (WTI) cost threshold both in the United States...

1 week ago | naturalgasintel.com | Christopher Lenton |Jacob Dick |Andrew Baker |Chris Newman

Coterra Energy Inc. is upping its capital spend in the Marcellus Shale as it continues to see an improving natural gas outlook even as oil markets take a tumble. The company is lowering its overall 2025 capital budget by $100 million to a range of $2.0-2.3 billion. This is “driven by less oil-directed activity partially offset by higher natural gas-directed activity,” according to Coterra's first quarter earnings release.

1 week ago | naturalgasintel.com | Jamison Cocklin |Jacob Dick |Christopher Lenton |Andrew Baker

TotalEnergies SE is aiming to restart construction at its long-delayed Mozambique LNG project in Africa now that financing for the project has been revived. Management said during a recent call to discuss first quarter earnings that it plans to resume work on the 12.9 million tons/year (Mt/y) project by the middle of the year. The company declared a force majeure and stopped work on the project in 2021 amid rising violence and security threats posed by insurgents in Cabo Delgado province.