Category: Natural gas

Oil rises to highest this year amid Libyan, Iraqi disruptions

West Texas Intermediate oil for March delivery rose 75 cents from Friday’s settlement to $53.53 a barrel on the New York Mercantile Exchange.  More »

Enable Midstream to cut 10 percent of its workforce

Enable’s main offices are located in Oklahoma city, but the company operates its interstate pipeline segment in Houston.  More »

Brent crude settles over $60 a barrel in London

West Texas Intermediate oil for March delivery advanced $1.57 to settle at $52.78 a barrel on the New York Mercantile Exchange.  More »

1,100 natural gas utility workers on Long Island eye walkout

A union spokesman says Thursday that contract talks are ongoing with National Grid in an effort to avoid a walkout.  More »

Pennsylvania governor to unveil natural gas severance tax proposal

Gov. Tom Wolf pledged during his campaign for governor to impose a 5 percent severance to help wipe out cuts in public school aid under his predecessor, Republican Tom Corbett.  More »

Pioneer Natural Resources to cut budget by 45 percent

Pioneer reported late Tuesday a profit of $431 million or $2.91 per share.  More »

Kinder Morgan buys storage terminals in $158 million deal

The three terminals include a 1.1 million barrel storage complex adjacent to Kinder Morgan’s Galena Park terminal, two terminals in North Carolina and one coastal undeveloped site at Perth Amboy in New Jersey.  More »

Natural gas sees slight gain on colder weather

The slight rally — about 3 cents or 1.12 percent — comes after prices for the benchmark futures contract fell to more than two-year lows in the first week of February.  More »

Columbia Pipeline Partners up in early trading after larger IPO

Shares of CPPL were up by about 19 percent hours after trading began on Friday.  More »

North Dakota bill cuts time for wasting natural gas from oil well

North Dakota Petroleum Council President Ron Ness says the industry has invested $13 billion to capture wasted gas.  More »

Plains All American announces two new pipelines but expects painful year ahead

The announcement for the two new lines followed bearish predictions for 2015 by the Houston-based pipeline and processing company.  More »

Plains All American cuts growth forecast as prices fall

Houston-based Plains All American L.P. said it would cut its expansion capital spending from the $2.03 billion in 2014 by 9 percent to a 2015 total of $1.85 billion  More »

Spectra profit grows in fourth quarter

The pipeline and processing company’s distributable cash flow was about flat at $316 million in the final part of 2014.  More »

LyondellBasell’s fourth-quarter writedown drags down record year

Lyondell did not mention an industry-wide labor strike by United Steelworkers that sent union members picketing the company’s U.S. headquarters in downtown Houston.  More »

Anadarko to pull back 2015 spending

Anadarko executives said on a Tuesday call with analysts that capital expenditures would fall in 2015, though they offered few specifics.  More »
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