Category: Natural gas

Kinder Morgan to buy Southtex treatment plants for $155 million

Kinder Morgan Energy Partners LP will pay $155 million for SouthTex Treaters, which makes plants to treat natural gas, the pipeline owner said Monday. The deal is expected to close in the fourth quarter and immediately begin adding to cash for distribution to shareholders. SouthTex makes plants that remove carbon dioxide and hydrogen sulfide from […]  More »

BP “spirit coming back” as profits jump, record drilling planned for Gulf *updates*

Higher oil prices helped send BP to higher profits in the third quarter, signaling a “definite turning point,” said CEO Bob Dudley. “You can feel the spirit coming back.”  More »

ConocoPhillips launches test to unlock methane hydrates

ConocoPhillips is teaming up with the Energy Department to test a promising method for harvesting energy-rich methane gas deposits trapped in ice-like crystals on Alaska’s north slope.  More »

Senators seek Pickens-style incentives for nat gas buses and trucks

A bipartisan group of senators is proposing to offer incentives to encourage individuals and businesses to buy natural gas-powered vehicles.  More »

Barnett Shale drilling wanes, booms elsewhere

Some Texas fields are in a slumb while others are booming.  More »

Shale attracts heavy hitters

Last week’s Kinder Morgan-El Paso pipeline merger announcement was the latest in a flurry of big-money deals that are ushering major energy corporations into the booming business of natural gas in North America’s complex shale rock formations.  More »

Sarnoff: On real estate and energy

A Houston real estate attorney has launched an investment fund to develop and acquire properties with ties to the energy sector. The new fund, Mesa Real Estate Partners, has already purchased 28 properties worth $75 million in Texas, Arkansas, Oklahoma, Louisiana, Pennsylvania and North Dakota.  More »

Niagara Falls envisions profit in ‘fracking’ waste

The city that put Love Canal and Superfund in the environmental lexicon may get back into the business of dealing with toxic waste — this time willingly.  More »

EPA launches rule governing natural gas well water

The Environmental Protection Agency today announced plans to write new standards that would govern how energy companies dispose of wastewater from natural gas drilling sites. The rule making process, which could span years, would represent the first broad national guidelines for disposal of that wastewater, including limits on when municipal treatment facilities can accept the fluid.  More »

Noble Energy boosts earnings on Israel’s growing gas demand

Noble Energy reported a 90 percent rise in third-quarter proft, bolstered by increased natural gas sales to Israel as political turmoil in Egypt reduced Israel’s imports from that neighbor.  More »

Eni says ‘giant’ gas find off Mozambique is company’s largest

Eni SpA, Italy’s biggest oil company, found natural gas off Mozambique in a field that may hold enough to supply the U.K. for more than four years and would be the explorer’s largest operated discovery.  More »

Kinder Morgan reports lower net income, higher distributions

Oil and natural gas pipeline and storage giant Kinder Morgan Energy Partners said Wednesday its net profit was down 32 percent in the third quarter, but cash distributions to unit holders were up near 5 percent.  More »