Category: Natural gas

Oil below $102 on weak U.S. economic data

Oil slipped after the Federal Reserve said Thursday that U.S. industrial production dropped in April.  More »

Dominion LNG export project clears U.S. environmental review

Dominion Resources plan to export liquefied natural gas cleared a U.S. environmental review, a key step toward final approval as supporters in Congress seek to expedite overseas shipments of the fuel.  More »

Smaller-scale advances driving shale gas innovations

Investors’ growing reluctance to back big, complex projects is driving the energy industry to break up its infrastructure plans into smaller pieces, potentially putting new projects and technology development into the hands of many more players, energy executives said Thursday.  More »

Oil tops $102 on signs of rise in gasoline demand

WTI rebounded last week after the EIA said crude inventories slid from 399.4 million barrels, the highest level since weekly reports were published in 1982. Supplies expanded by 912,000 barrels in the seven days ended May 9, according to the API, which collects information on a voluntary basis from operators of refineries, bulk terminals and pipelines.  More »

Rangeland building oil and gas hub in New Mexico

New Mexico Gov. Susana Martinez applauded the company’s investment in the state.  More »

Texas launches $2,500 incentive for CNG, electric vehicles

Drivers will now be able to get up to $2,500 in incentives to help purchase alternative-fuel vehicles, the Texas Commission on Environmental Quality announced this week.  More »

Ohio House plans vote on tax hike for oil drillers

The bill imposes a 2.5-percent severance tax on horizontal wells, including those extracting resources through hydraulic fracturing.  More »

Oil gains on anticipation of U.S. supply drop

U.S. crude for June delivery gained $1.11 to $101.70 a barrel.  More »

Report: Export boom will boost Houston job growth

A report by the Greater Houston Partnership and HSBC Bank says Houston may enjoy a 15 percent rise in exports, creating 55,000 new jobs.  More »

EPA considers requiring disclosure of fracking chemicals

The agency could require companies to give the government details on what’s being used to break apart shale rock and release trapped oil and gas, according to a notice today on Reginfo.gov.  More »

Oil falls to near $100 after China trade data

U.S. crude for June delivery fell 51 cents to close at $100.26 a barrel.  More »

East Africa has gas, but how to monetize it is another question

Despite the enthusiasm surrounding natural gas discoveries off the coasts of Mozambique and Tanzania, more work must be done to figure out how, exactly, they’ll be monetized, an IHS consultant said Thursday.  More »