It has been a volatile spring and summer for global natural gas markets as the war in Iran has dragged on, seemingly causing prices to jump — or falter — with every headline. Today, we discuss Europe’s gas storage woes and the potential ramifications as its time runs out to refill inventories.
BP needs to make sure it's able to compete against similarly sized competitors and that it is competing to win, CEO Meg O’Neill said during the company’s earnings call August 4. She said the company’s integrated model is a competitive advantage but that its performance over the past few years had not met expectations.
Hess Midstream, which operates oil, gas and water handling assets in North Dakota’s Williston Basin, expects to see volume growth of at least 5% in the second half of 2026, the company said during its Q2 2026 earnings call August 3.
The Haynesville is the nation’s #3 natural gas producer, and close to most of the U.S.’s LNG export capacity. That makes gas pipelines from the Haynesville to the Gulf Coast critically important — and valuable — assets, a reality Williams Cos. just affirmed with its plan to buy Momentum Midstream.
Haynesville natural gas production was a bit choppy last week. Output averaged 16.3 Bcf/d, with slightly lower production in Louisiana and slightly higher production in Texas.
On its Q2 2026 earnings call held July 30, Comstock Resources reported second-quarter production averaged 1,243 MMcfe/d, up 16% vs. Q1 2026 and up 1% vs. Q2 2025, as the late-March turn-in-lines (TILs) that depressed Q1 2026 volumes reached full production.
Chevron’s global upstream volumes increased by more than 5% in Q2 2026, while U.S. production reached a record of nearly 2.1 MMboe/d, the company said during its quarterly earnings call July 31. Downstream operations also reached new highs. Chevron processed more than 1 million b/d through its U.S. refineries, a record.
One of the seminal energy-related controversies of the past decade was the construction of Mountain Valley Pipeline, but much of its capacity is unused in the shoulder season. Now, three projects aim to debottleneck MVP: Transco’s Southeast Supply Enhancement as well as MVP Southgate and MVP Boost.
U.S. LNG feedgas demand increased last week, with most terminals operating at or near full capacity. The primary exception remains Freeport, where ongoing planned maintenance combined with a series of unplanned outages this month has continued to suppress intake.
It’s unusual for an acquisition valued at “only” $1.25 billion to be transformational. But that’s surely the case with Expand Energy’s newly announced purchase of Twin Eagle Holdings, which will make Expand — the U.S.’s largest natural gas producer — the #1 gas marketing and optimization firm as well.
