Gas exports from U.S. surge as sanctions undermine Iran
At a time when sanctions are causing a slump in Iranian cargoes of liquefied petroleum gas, the U.S. is exporting more fuel than ever, driving up tanker rates for BW Group Ltd. and other ship owners. More »
IGas to raise up to $37 million for U.K. shale exploration
IGas Energy Plc (IGAS), a U.K. developer of shale gas fields, said it will raise as much as 23 million pounds ($37 million) in a share placing to help develop its resources before finding an investment partner. More »
Kinder Morgan to spend $170 million on terminal expansion
Kinder Morgan Energy Partners LP plans a new dock and 1.2 million barrels of liquids storage tanks at the Houston Ship Channel. More »
Technology draws bead on hydraulic fracturing
Companies are rushing to stay on the leading edge of developing ceramic proppant, as research shows that the tiny beads provide a better boost for oil flow than conventional sand when used in hydraulic fracturing. More »
Maker of springs keeps springing forward
In physics, a spring is defined as a storehouse for mechanical energy. That energy can be harnessed for an entirely different type of energy – oil and gas – when used by oil field services companies. More »
Groups deliver comments on New York drilling
Adding star power to the opposition were Yoko Ono and her son, Sean Lennon. More »
Encana CEO Eresman resigns
Encana Corp. Chief Executive Officer Randall Eresman resigned effective Friday and will be replaced by board member Clayton Woitas until a permanent successor can be named.
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Commercial flight uses fuel produced from natural gas
Qatar Airways completed the first commercial flight this week using fuel produced from natural gas, the company said. More »
Gas exports will boost solar industry, exec says
CEO Arno Harris said Recurrent Energy’s new solar plants will sell power for as low as 7 cents a kilowatt-hour, nearly as cheap as natural gas-fired plants. He favors gas exports because they could lift the price of gas, making renewable energy more competitive. More »
Smitherman named to national committee
Texas Railroad Commission Chairman Barry Smitherman will lead a national committee dealing with issues involving natural gas. More »
U.S. LNG profit seen elusive as price gap closes
Profits from selling U.S. liquefied natural gas abroad may be elusive, belying the $60 billion race for export licenses as the price gap between Asia and North America shrinks from record levels. More »
Poland to have shale gas law in 2013
Poland’s Treasury Minister Mikolaj Budzanowski says a much-awaited law that will regulate shale gas production should be adopted this year, helping to develop the potentially lucrative sector. More »
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