Infrastructure

Zachry Group, one of the construction firms working on the Golden Pass LNG terminal, disclosed it is exiting the project and has filed for bankruptcy amid reported financial and labor issues. The San Antonio-based engineering, procurement and construction (EPC) firm is the lead contractor in charge of staffing construction activities for the 18 million metric…

Earnings

Mergers by exploration customers and low natural gas prices continue to be a headwind in the Lower 48 for the oilfield services sector, but impacts may begin to ease later this year, according to completions expert Patterson-UTI Energy Inc.  U.S. land activity “continues to be cautious and reflects slightly lower activity than we saw to…

Power Generation

Click here to listen to the latest episode of NGI’s Hub and Flow, as Enverus senior energy transition analyst Carson Kearl joins NGI’s Carolyn Davis, managing editor of News, to break through the hype about power generation needs as more hyperscale data centers come online. A race is underway by big and small operators as…

Natural Gas Prices

June natural gas futures have rallied more than 40% in May, with the move higher over the past week putting technical indicators even further into overbought territory. The June New York Mercantile Exchange (Nymex) contract settled at $2.751/MMBtu Monday, putting the contract up 42% since May 1. For the prompt-month price series, this is up…