Category: Natural gas

Study finds gas in N.Y., Pennsylvania water wells, but no frac fluids

Scientists from Duke University have made a link between natural gas drilling and drinking water contamination in parts of New York and Pennsylvania. What they didn’t find, however, were chemicals related to hydraulic fracturing.  More »

Southern Union, BG apply for LNG export license

The license would let the joint venture’s Lake Charles, La., import terminal export liquefied natural gas to overseas markets.  More »

Gulf slowdown, cyber security, shale boom on tap at Houston energy event

Downtown’s Houston Club will play host to a range of speakers at its Energy Summit on Wednesday and Thursday, including ATP and Halliburton execs, Wood Mac CEO and Haynesville shale gas documentary director.  More »

Is Speculation The Reason For High Oil and Gasoline Prices?

By EconMatters WTI (West Texas Intermediate) Crude Oil futures traded at its lowest in almost two months in New York on Thursday, May 5 in its biggest selloff in two years, plunging 8.6% on the day to below the $100 mark (Fig. 1).  Brent crude on ICE also dropped as much as $12.17, or 10%, which […]  More »

UT team will take close look at fracking

The project, to be announced Monday, will combine an independent assessment of alleged groundwater contamination and seismic events some have attributed to fracking shale formations with a detailed analysis of the scope and effectiveness of laws and regulations.  More »

Yergin, A&M prof, environmentalist on new DOE frac study panel

The Department of Energy is creating a panel to look for ways to make sure hydraulic fracturing is done as safe as possible. Critics say it’s just a waste of taxpayer money since the EPA is already doing a study of fracking.  More »

Cyprus could be transformed by gas discovery

I went to the Cyprus breakfast at the Offshore Technology Conference out of personal curiosity. I lived on the island for a while as a child, and I’ve been intrigued by the implications that Noble Energy’s offshore discovery in Israel might have for Cyprus. Just as the Isaraeli discoveries may transform that country from an [...]  More »

OTC 2011: Natural gas glut starts shrinking as demand revives

A global natural gas glut is disappearing sooner than expected, thanks to rebounding economies and troubles in Japan and the Middle East, panelists said at the Offshore Technology Conference on Wednesday.  More »

Kinder Morgan to buy Petrohawk pipelines for $855M

The deal gives Kinder gas-gathering pipelines in the Haynesville Shale and a 25 percent stake in a joint venture with Petrohawk in the Eagle Ford shale. Kinder also will spend $220 million to build an oil pipeline from the Eagle Ford to the Houston Ship Channel.  More »

OTC 2011: GE’s comfortable with more energy regulation

GE’s Claudio Santiago says the company is trying to take its engineering know how from the aviation industry and apply it to its expanding oil and gas business. That’s why tougher demands from U.S. energy regulators aren’t much of a worry, he says.  More »

Transocean profit declines as gas glut cuts shallow rig demand

First-quarter net income declined to $310 million, or 66 cents a share, from $677 million, or $2.09, a year earlier, the world’s largest offshore driller said, because a U.S. natural-gas glut depressed demand for rigs used to find the furnace and power-plant fuel.  More »

OTC 2011: Keeping pace with global energy demand is ‘daunting’

With global energy demand expected to rise dramatically in coming years, the oil and gas industry must rise to the challenge by finding more resources, improving efficiency and boosting investments in technology, speakers at an OTC panel said Tuesday.  More »

Chesapeake posts first-quarter loss on hedging bets

Losses for the quarter totaled $205 million, or 32 cents per share. A year earlier the independent Oklahoma City-based natural gas and oil producer reported a profit of $732 million, or $1.14 per share.  More »

LNG: It’s a gas! (…and 9 other facts)

  Charles Dickens* is more closely linked to Liquefied Natural Gas (LNG) than you think. He is attributed with the origins of the phrase ‘it’s a gas’ (= fact no.1), as it is derived from his quote ‘everything is gas and goiters’. (A goiter is the swelling of the thyroid gland. Let’s move on, swiftly…). Here are nine other facts […]  More »

Blast hits Egypt-Israel gas pipeline, forcing supply halt

Egypt suspended natural-gas exports to Israel and Jordan for the second time this year after unidentified saboteurs blew up a monitoring room in a gas-distribution facility, the Oil Ministry said.  More »