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June Oil & Gas News Roundup

A lot is happening in the Oil & Gas industry in the month of June. Continue reading our oil and gas news roundup to learn more about what’s happening in the industry this month.

EnerCom Dallas 

EnerCom, Inc. has published the presentation schedule and conference activities in detail on the EnerCom Dallas website. Strive Asset Management and the Federal Reserve Bank of Dallas have been recently added to the lineup of presentations.

EnerCom Dallas, which will take place August 13-16, 2023 in Uptown Dallas, is an energy-focused investment conference that provides institutional investors the opportunity to hear investor presentations from the top independent producers, midstream and oilfield service companies and meet their management teams to discuss their plans to drive development, fund operations and return value to shareholders in 2023. 

Attendees can register to attend the investment conference at no cost and can view the presentation and event schedule on the EnerCom Dallas Website at www.enercomdallas.com

More Parties Commit to Nigeria-Morocco Pipeline Project

More African countries have committed to pursuing the Nigeria-Morocco gas pipeline project with the signing of several agreements. 

Four memorandums of understanding (MOUs) were inked Friday by the Nigerian National Petroleum Co. Ltd. (NNPC), Morocco’s National Office of Hydrocarbons and Mines, Benin’s National Hydrocarbons Co., Cote d’Ivoire’s National Company for Petroleum Operations, Guinea’s National Petroleum Co. and Liberia’s National Oil Co., state-owned NNPC said in a press release. 

The pipeline would run from Nigeria to Morocco passing through Benin, Togo, Ghana, Côte d’Ivoire, Liberia, Sierra Leone, Guinea, Guinea-Bissau, The Gambia, Senegal and Mauritania. 

For more information on those countries that have committed to this endeavor click here for the full article. 

Pricier Gas is on the Horizon

After a muted shoulder season for North American gas markets, summer has arrived with a bang and demand is set to surge. Strong supply and cooler weather kept prices low in the last few months, but as temperatures rise across the region, the need for cooling in residential and commercial settings means pricier gas is on the horizon. 

As the trajectory of CDDs changes with warmer weather, domestic balances will see a significant impact via increases in gas-for-power demand, Allen stated in the update. According to the North America gas and LNG market update, estimates indicate CDDs will average 332 Fahrenheit days over the summer period (June to August), which is on par with the same period in 2022.

At those levels, natural gas is running at around 81 percent utilization relative to summer capacity, so if temperatures remain elevated, the regional market can expect higher gas demand

For the full market update check out rigzone.com

Reach Out to Tiger General

We hope you found our June oil and gas news roundup interesting. If you need a new piece of equipment, fill out the Tiger General Truck Inquiry Form today!