Category: Natural gas

Natural gas wagers jump on tumbling supplies

Hedge funds increased bullish bets on natural gas for the fifth time in six weeks as arctic weather stoked demand for the heating fuel, depleting stockpiles and sending prices to a five-year high.  More »

More work needed to stop flaring gas, officials say

Energy companies are making strides in capturing the natural gas that flows out of North Dakota oil wells but still have a long way to go to stop burning off the fossil fuel, governors and business executives said Monday.  More »

Crude oil remains above $102

Oil is up 2 percent for the week.  More »

Chesapeake investing in natural gas play as prices rise

Climbing natural gas prices could help Chesapeake Energy profit off a plan to revive the nearly forgotten shale reservoir it had gambled billions of dollars on six years ago. And the seven to nine rigs Chesapeake expects to deploy to the Haynesville Shale this year could boost daily rates for U.S. land drilling companies, analysts say.  More »

ConocoPhillips CEO: Skeptics’ warnings of shale bubble are unfounded

ConocoPhillips CEO Ryan Lance fired back at shale skeptics, while speaking at Rice’s Baker Institute for Public Policy Tuesday. He said the country’s shale revolution is only in the “first inning of a nine inning game.”  More »

Economist: US underestimating role of Middle East after shale

The International Energy Agency’s chief economist says the West is making too much of predictions that the United States will surpass Saudi Arabia as the world’s largest producer of oil.  More »

Oil below $103 as Chinese factory activity drops

U.S. retail gasoline prices continued their seasonal climb.  More »

Oil over $103 on winter demand, supply concerns

Natural gas for March delivery advanced 59.8 cents to $6.149 per million British thermal units.  More »

Report: Chevron offered pizza coupons to residents near well explosion

Chevron offered coupons for pizza and soda to residents of a Pennsylvania community in the aftermath of a well explosion last week, the Philadelphia Daily News reports.  More »

Exxon-backed system to curb gas leaks at plants

Exxon Mobil Corp. said this week that a new leak detection system it has tested at facility in Qatar will be available for sale to other companies.  More »

Oil closes week still above $100 a barrel

Some economic indicators raised concerns about the strength of oil demand in the U.S.  More »

Gas line blast injures two, destroys homes

The 30-inch pipeline, which was about 20 feet underground, is owned by Columbia Gulf Transmission. It brought fresh fears to some residents who are opposing a nearby pipeline project by Williams Co.  More »