Category: Natural gas

US natural gas rigs fall to 13-month low

While nat gas rigs slid to the lowest level in more than a year, oil rigs advanced to the most since at least 1987, according to Baker Hughes.  More »

Encana joins Apache-helmed LNG export project in Canada

Under the deal, Houston’s Apache and EOG Resources will sell down stakes to bring on the Canadian oil and gas firm as a 30 percent partner in the Kitimat LNG and pipeline project, the companies said.  More »

PetroChina to add energy assets as Japan quake boosts demand

The company pledged to accelerate acquisitions of oil and gas assets and develop the country’s domestic natural gas resources as demand for the fuel rises following Japan’s nuclear reactor crisis.  More »

Pennsylvania man accused of dumping frackwater into streams

Prosecutors say Robert Allan Shipman told drivers for his company to open valves at natural gas wells, often at night or during rainstorms, so the drilling wastewater would run into nearby waterways.  More »

New Air Toxic Control Rules for Coal Fired Power Plants Out

The EPA released its long awaited air toxic standards for coal fired power plants yesterday.  Though it is required by the implementation of the CAA 1990 amendments, it has been a long slog.  In particular, the Bush EPA wanted to control some of the toxics such as Mercury through a cap and trade program, which […]  More »

Japan: Panic in Equities, Currencies, and Global Energy

The impact from events in MENA (Middle East / North Africa) in the past couple of months has been uncompromisingly bullish for the energy complex, and specifically crude oil. However, with the coming of a second ‘black swan’ event in quick succession to this first outlier through the earthquake in Japan, markets this time have been dealt a […]  More »

Egyptian gas flowing again to Israel

An explosion on Feb. 5 at a gas terminal in Egypt’s Sinai desert had disrupted supplies to Israel and Jordan.  More »

Jury finds Devon, Trevor Rees-Jones liable for $116M in fraud case

Devon Energy Production Co. and Rees-Jones must pay the Dallas billionaire’s ex-partner damages for defrauding him of his true share of a company that Devon later bought for $2 billion, a Houston jury said.  More »

Arkansas quakes decline since injection wells halted

The number and strength of earthquakes in central Arkansas have noticeably dropped since the shutdown of two injection wells in the area, although a state researcher says it’s too early to draw any conclusions about a relationship between the quakes and natural gas production.  More »

Japanese disasters could have down-and-up impact on oil markets

Analysts expect the Japanese earthquake, tsunamis and nuclear power incidents that have sent oil prices down later will lead to a rise as recovery efforts take off and the need for gas-fired power plants picks up.  More »

Japan Earthquake: Impact on Crude Oil, Fuel and Nuclear Power

Japan’s 9.0 earthquake is most likely a non-event for the crude oil, and the nuclear power basically has met its Deepwater Horizon.  More »

Japan’s earthquake could lead to Asian LNG price spike

Liquefied natural gas prices could increase as Japan tries to make up for nuclear power plants damaged during its record-breaking earthquake Friday, but LNG spot-market prices should not exert upward pressure on oil prices.  More »

Quake’s effect on nuclear plants could increase LNG demand

Japan gets about 25 percent of its power from nuclear generation, Loren Steffy notes. If those plants are out of service for several months, it will increase demand for other energy sources such as oil and natural gas.  More »

Eagle Ford spurring job boom in South Texas

No one’s calling it another Spindletop yet, but just wait. Development of the Eagle Ford shale, a vast oil and gas region, shows promise of being the most important economic generator South Texas has ever seen, a recently released study indicates.  More »

Natural gas won’t dethrone king coal soon, panelists say

The surge in North American natural gas supplies is shaking up the mix of U.S. electricity generation, but coal will continue as the fastest growing power plant fuel globally for years, speakers at the CERAWeek conference said.  More »