Category: Natural gas

Gas no longer escaping from rig off La. coast

The operator and federal regulators say the flow of natural gas, water and sand has been stopped at a drilling rig off Louisiana’s coast.  More »

Pump prices fell in January as drivers stayed home

Benchmark crude oil for March delivery fell 74 cents to close at $97.49 a barrel.  More »

Crews lose control of gas rig off Louisiana coast

Officials say no injuries or pollution have been reported and efforts are underway to stop the flow of gas.  More »

Oil above $98 as economy shows strength

Natural gas prices fell sharply on forecasts for milder temperatures.  More »

Environmentalists cringe as Obama touts oil and gas

President Barack Obama celebrated “booming” U.S. oil and gas production during his fifth formal State of the Union address Tuesday night, delivering a blow to environmentalists worried the president isn’t doing enough to combat climate change.  More »

Obama’s natural gas boost wins applause, jeers on social media

Natural gas was the clear winner in President Barack Obama’s fifth State of the Union address, delivered Tuesday evening. Both environmentalists and boosters of the oil and gas industry took to Twitter to giver their takes  More »

Natural gas prices rise amid cold weather

U.S. natural gas prices surpassed $5 per million British units in afternoon trading Tuesday, days after they broke that mark for the first time since 2010, as cold weather kept demand for heating and electricity high.  More »

Oil falls below $96 as parts of U.S. set to thaw out

The price of oil inched up to around $97 a barrel Monday but gains were tempered by the prospect of a further reduction in U.S. central bank stimulus and stock market headwinds.  More »

Home heating bills to rise up to 5 percent

Rising natural gas prices will boost home heating bills for Houston area residents by up to 5 percent in February, according to data from CenterPoint Energy.  More »

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 »