Category: Natural gas

Chesapeake profits down on natural gas glut

Second-quarter net income plunged by more than half compared to a year earlier even as the company cut spending and raised production.  More »

Old power plant site may provide energy again.

An old Houston Lighting & Power generating plant just outside South Loop 610 could get new life turning natural gas into crude oil.  More »

Oil falls to 6-month low on refinery outlook

Oil dropped 91 cents, or 0.9 percent, to close at $97.38 a barrel on the New York Mercantile Exchange.  More »

Marcellus Region’s natural gas production reaches record high

Natural gas production from the Marcellus Shale in the Northeastern United States has reached 15 billion cubic feet per day, a more than sevenfold increase since 2010.  More »

Grouse measures defer drilling in much of Wyoming

The total area of federal oil and gas leases deferred in Wyoming to protect the greater sage grouse — ahead of next year’s expected decision on whether the bird is a threatened or endangered species — substantially exceeds the combined size of Yellowstone and Grand Teton national parks, U.S. Bureau of Land Management figures show.  More »

Small gas-to-liquids plant planned for former Houston power plant site

Capitalizing on an abundant supply of cheap natural gas, Biofuels Power Corporation plans to build a small-scale plant to convert natural gas to synthetic crude on a former power plant site south of downtown Houston, the company announced Monday.  More »

Low cost gas, energy efficiency could mean low costs for some manufacturers, report says

A lower price of natural gas means lower costs for industries that use it–especially metal durable goods.  More »

Kinder Morgan to expand pipeline to ship natural gas to Mexico

Kinder Morgan Energy Partners’ affiliate El Paso Natural Gas Co. has begun a half-billion-dollar pipeline system upgrade so it can fulfill a deal to send to natural gas to Mexico.  More »

Chevron 2Q profit up on asset sales, oil prices

Global production slipped, however, to 2.55 million barrels per day of oil and gas from 2.58 million barrels per day last year  More »

Some Preposterous Data Points across the Energy Landscape

If this tortoise could talk, I’m pretty sure he would say ‘preposterous’ in response to what you are about to read. For the wild and wacky world of energy has revealed some preposterous notions in the last week or so. Here are but a few of them.  –First up we are talking trash, for only 1% […]  More »

3 West Coast governors oppose offshore drilling

The Interior Department is developing an updated plan for its Outer Shelf Oil and Gas Leasing Program, and the governors formally stated their opposition to the inclusion of any oil or gas lease sales off the coast as part of any new plan.  More »

Tanzania’s energy minister says his African nation seeks U.S. partnership

The energy minister for Tanzania is in Houston seeking oil and gas investment in the East African nation.  More »

Exxon reports higher earnings, lower production

Exxon Mobil Corp., the world’s largest energy company, fell after reporting worldwide oil and natural gas production declined to the lowest level in almost five years.  More »

Shell beats estimates, takes gas writedown

Royal Dutch Shell, Europe’s biggest oil company, beat analyst second-quarter earnings estimates while pushing ahead with a restructuring program that saw it write off about $1.9 billion in U.S. gas assets.  More »

Boston protesters rally against Kinder Morgan gas pipeline

The protest, attended by hundreds of supporters, was the culmination of a month-long “rolling rally” that marched through towns likely impacted by Kinder Morgan’s proposed 250-mile long pipeline expansion in Berkshire, Worcester and Franklin counties.  More »