Crescent Point Energy advised that it has temporarily shut in its Kaybob Duvernay production...
Crescent Point Energy advised that it has temporarily shut in its Kaybob Duvernay production in response to the recent Alberta wildfires. This precautionary measure is being taken by the Company to protect the safety of its staff, the community, the environment, and its assets. As a result, approximately 45,000 boe/d of production in the Kaybob Duvernay has been temporarily shut-in with a plan to restart production once safe and permitted to do so. No damage has been reported to the Company's assets.
Natural gas futures are starting the week higher on the forecast for higher demand as the NOAA 6-10 day...
Natural gas futures are starting the week higher on the forecast for higher demand as the NOAA 6-10 day Sunday afternoon has TX, LA, NM, and OK experiencing below-normal temperatures, KS and MI normal temps while everywhere else is seen above-normal. The 8-14 day has it warmer in the West and upper-Midwest, a mix of normal and above-normal temps on the East Coast while everywhere else is seen below-normal. Europe's TTF is down (1.5%) to 36.02 euros per MWh. June Futures were trading at $2.187, up almost 5 cents, as of 9:50 AM ET.
The energy sector is off to a higher start, tracking gains in...
The energy sector is off to a higher start, tracking gains in the underlying commodities. U.S. equities are mixed in pre-market trading as investors await key inflation data later this week. U.S. consumer price inflation figures for April will be released on Wednesday which will have an influence on the Fed's stance towards future interest rate decisions.
WTI and Brent crude oil futures jumped this morning on easing recession concerns and as investors purchase energy contracts at a bargain following three-consecutive weeks of declines. Some traders believe the recent sell-off is over with Goldman Sachs analyst over the weekend saying that concerns over near-term demand and elevated supplies were "overblown". Voluntary output cuts made by OPEC+ begin this month and the group holds its next meeting on June 4th. The market will be keeping an eye out for OPEC's latest monthly oil market report which is due on Thursday and will provide an updated reading on the demand and supply outlook.
New tracking satellites are identifying methane polluters
Satellites using high-resolution technology can pinpoint the release of methane into the atmosphere and...
Satellites using high-resolution technology can pinpoint the release of methane into the atmosphere and point out the offenders, which could have enforcement implications, experts say. The satellite observations study the way sunlight reflects off the earth's surface and are exposing flaws in traditional reporting systems, which have tended to underestimate emissions.
Tellurian to expand in Haynesville despite drilling pause
Tellurian will pause its natural gas drilling operations in the Haynesville Shale due to low prices,...
Tellurian will pause its natural gas drilling operations in the Haynesville Shale due to low prices, aiming to maintain production levels steady at around 200 MMcf/d this year and defer new well drilling until prices rebound, Executive Chairman Charif Souki has announced. The company plans to expand its nearly 31,000-acre position in the region by 20,000 acres by the end of 2024, as it looks to fully cover the feed gas needs of its proposed Driftwood LNG export terminal in Louisiana with its own production.
