Category: Natural gas

Natural gas breaks $5 mark on winter demand

Natural gas prices moved past $5 per million British thermal units on Friday, reaching a level not seen in years amid a winter chill that has pushed up demand for the fuel.  More »

Oil slips to $97 after rally

The price of oil slipped back to near $97 a barrel Friday, interrupting a sustained rally on expectations for increased demand.  More »

Eyeing investment, Iran shows off its gas sites

With a six-month deal in place easing sanctions, Iran is hoping to draw international investment to the field to spur its production.  More »

Energy subsidies rebound to pre-financial crisis levels

Grants and tax breaks designed to lower energy production costs fell sharply after commodity prices plunged in 2008. A new report points out they have returned to levels not seen since the financial crisis, reaching up to $1.9 trillion.  More »

Moniz: Natural gas risks can be ‘managed’

Environmental concerns surrounding domestic natural gas production are surmountable, Enregy Secretary Ernest Moniz said Wednesday.  More »

Keystone XL helps crude prices rise

Natural gas futures shot up almost 6 percent as temperatures in many parts of the Northeast dropped.  More »

Portable LNG system could solve oil field refueling problems

Some energy companies have started moving water and sand to oil fields on trucks powered by natural gas, but refueling them can sometimes be a challenge.  More »

Encana slashing fuel costs by drilling with natural gas

Half of Encana Corp’s drilling rigs are running on natural gas, which means that company will save between $200,000 and $1.5 million in annual fuel costs, the company’s CEO said Tuesday.  More »

Oil rises on outlook for higher demand

Natural gas futures rose more than 2 percent as frigid air descended on the eastern part of the U.S.  More »

Some Key Takeaways from BP’s Latest Outlook to 2035

Here are the key observations and takeaways from BP’s recently released 20-year forecast on global energy.  More »

Worry and debate follow Pennsylvania court’s drilling decision

Business advocates consider the Pennsylvania Supreme Court’s decision backing cities’ rights to fight the state’s new gas drilling law a major setback. Environmentalists cheered the decision, saying it strengthens the hand that environmental considerations will play in government decisions.  More »

Q&A: Company goes global to find local talent

Swift Worldwide Resources, a global oil and gas staffing company with 23 offices on six continents, moved its worldwide headquarters from London to Houston last year. Swift specializes in the recruitment of contract and direct-hire positions across all sectors of the oil and gas industry.  More »

New tests find more methane in North Texas water

Texas’ oil and gas regulator has opened a new investigation into allegations that methane is contaminating North Texas water after residents complained that independent sampling by university researchers revealed high levels of the explosive gas in their residential wells, the state agency and scientists said.  More »

Cheniere replaces finance chief after six months

Cheniere Energy replaced its chief financial officer six months after promoting him to the position, announcing the change in a regulatory filing published late Thursday.  More »

Dutch to reduce natural gas production due to earthquakes

The Dutch Cabinet has decided to reduce the amount of gas produced from fields that lie under the country’s northernmost province by 6 percent, as the mining has caused earthquakes and damaged houses in the region.  More »