Category: Natural gas

Private equity firms merge energy assets to create Barnett operator

Two private equity firms will combine their energy assets to form a new oil and gas operator that will have a big presence in the Barnett Shale.  More »

Oil slips closer to $103 as supply fears recede

Oil has been falling steadily since it hit a 10-month closing high of $107.26 on June 20 as the Iraqi government has slowly re-established stability.  More »

Surge of industrial projects to lift U.S. gas demand

A wave of gas-to-liquids investments and other U.S. industrial projects will likely boost demand for natural gas by 19 to 31 percent through the end of the decade, a new study shows.  More »

EU’s united front on Russia falling amid gas needs

A clutch of countries is breaking ranks with the EU’s efforts to put economic and diplomatic pressure on Russia over Ukraine and building a pipeline meant to carry huge amounts of Russian gas to their doorstep  More »

Macquarie fund buys terminals business in American expansion

A fund managed by Macquarie Group Ltd. agreed to take full control of a U.S. bulk liquid terminals operation for $1.03 billion in cash and stock as Australia’s largest investment bank expands its North American businesses.  More »

Oil slips below $104 as Libya set to boost exports

U.S. crude for August delivery fell 53 cents to close at $103.53 a barrel.  More »

Exxon Mobil-Qatar venture seeks permit for Texas LNG plant

Golden Pass Products, a joint venture of Exxon Mobil Corp. and Qatar Petroleum International, has filed its formal application to build a liquefied natural gas export terminal in Sabine Pass.  More »

BP to sell Panhandle gas fields to Pantera for $390M

A BP spokesman said Monday the company has struck a deal to sell off rights to a chunk of its natural gas-rich property in the Texas Panhandle for $390 million.  More »

Shale gas producer plans $400M IPO

Colorado-based shale gas producer Vantage Energy told regulators Monday it is planning to go public for $400 million.  More »

Rice Energy snaps up Marcellus land from Chesapeake

Pennsylvania shale gas producer Rice Energy is buying more acreage in the Marcellus Shale for $336 million, its first land grab since its Wall Street debut earlier this year, the company said Monday.  More »

Change in direction leaves LNG importing units idle

From 1998 to 2008, the average annual spot price of domestic natural gas more than quadrupled, from $1.96 per million British thermal units to $7.97, and the price moved into double digits several times during that time. That is not the case now.  More »

Foreign investors turn eyes to ND oil patch

Foreign investors more familiar with projects in the emerging markets of Eastern Europe and tropical escapes of Southeast Asia are finding a new destination for their dollars and francs: Western North Dakota’s oil patch that’s home to booming towns, low unemployment rates and high incomes  More »