Category: Natural gas

Southwestern Energy to pay $300M for gas-rich land in Pennsylvania

Southwestern Energy Co. is planning to pay $300 million for thousands of acres in a natural gas-rich region of Pennsylvania, little more than six weeks after its multibillion-dollar purchase of gas land nearby.  More »

Northeast gas pipelines turn two-way as region becomes major producer

Pipelines companies have planned modifications that will allow 8.3 billion cubic feet of gas per day to leave the Northeast via bidirectional flows.  More »

Companies announce first oil from deep-water Gulf fields

Oil has begun flowing at the Jack/St. Malo project in the deep-water Gulf of Mexico.  More »

Former BG exec hopes to win big with small LNG

Former BG Group chief operating officer Martin Houston is now in start up mode, serving as founder and chairman of Parallax Energy, a new Houston-based company focused on developing mid-scale liquefied natural gas export facilities.  More »

Oil falls again on eve of OPEC meeting

West Texas Intermediate for January delivery fell 40 cents to close at $73.69 a barrel on the New York Mercantile Exchange.  More »

Northeast natural gas prices still well above average despite warmer winter

The EIA says lower production and lack of pipeline capacity are to blame.  More »

Q&A: Oil eventually will lose its place as leading auto fuel

Henrik Madsen, the CEO of Norway’s international shipping and oil field equipment classifier DNV GL, says oil’s best value is as a chemical feedstock, and that eventually natural gas will replace it as a motor fuel.  More »

Oil rises again on Chinese interest rates

WTI for January delivery advanced 66 cents to settle at $76.51 a barrel on the New York Mercantile Exchange  More »

Oil price has its first gain in four days

WTI for January delivery, the most-actively traded, rose $1.35, or 1.8 percent, to $75.85 a barrel on the New York Mercantile Exchange.  More »

As deadline on proxy vote for major deal nears, Kinder Morgan seeks to sway investors

While Richard Kinder himself is strongly in favor of the deal, a few smaller investors have raised concerns that the move away from the tax-advantaged master limited partnership structure will cause problems.  More »

Oil falls as investors speculate on OPEC production cut

“There’s an established bearish trend and nothing out there to stand in the way of a further move lower,” Tim Evans, an energy analyst at Citi Futures Perspective.  More »

Natural gas well positioned for coming winter, industry group says

America’s Natural Gas Alliance, an industry group that represents producers, said that a large investment in infrastructure and a rapid buildup in inventories has made more natural gas available this winter than last, despite 2014’s cold winter that left storage of the fuel at decade-long lows.  More »

Freeport LNG obstacles cleared in two rulings

Executives stressed that the company would move swiftly to begin construction after the final regulatory hurdles fell away at a groundbreaking ceremony Monday.  More »

EIA: Natural gas storage inventories rebounding

Natural gas inventories rose by 40 billion cubic feet last week, extending a long run of higher-than-average storage injections, the U.S. Energy Information said today in a weekly report.  More »

Massive Siemens gas turbine takes a ride to Florida

FPL started construction on the $1.2 billion plant in the first quarter of 2014 and expects it to come online in 2016.  More »
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