Category: Natural gas

North Dakota bill cuts time for wasting natural gas from oil well

North Dakota Petroleum Council President Ron Ness says the industry has invested $13 billion to capture wasted gas.  More »

Plains All American announces two new pipelines but expects painful year ahead

The announcement for the two new lines followed bearish predictions for 2015 by the Houston-based pipeline and processing company.  More »

Plains All American cuts growth forecast as prices fall

Houston-based Plains All American L.P. said it would cut its expansion capital spending from the $2.03 billion in 2014 by 9 percent to a 2015 total of $1.85 billion  More »

Spectra profit grows in fourth quarter

The pipeline and processing company’s distributable cash flow was about flat at $316 million in the final part of 2014.  More »

LyondellBasell’s fourth-quarter writedown drags down record year

Lyondell did not mention an industry-wide labor strike by United Steelworkers that sent union members picketing the company’s U.S. headquarters in downtown Houston.  More »

Anadarko to pull back 2015 spending

Anadarko executives said on a Tuesday call with analysts that capital expenditures would fall in 2015, though they offered few specifics.  More »

Exxon cuts share buybacks as fourth-quarter profit slides

Exxon said it wouldn’t pull too far off the throttle given lower priced oil and gas, and executives said the company was willing to take on debt in order to hold up its dividend and to make the most of any opportunities the company saw amid collapsing crude prices.  More »

Enterprise Products profit slips slightly

Enterprise Products Partners L.P. said fourth-quarter net income fell slightly in 2014 compared to the same period last year.  More »

Kinder Morgan charts course for growth, despite headwinds

Energy giant Kinder Morgan said it would reach its goals by expanding its myriad businesses and continuing to bet on natural gas, which it expects to continue to drive demand for pipelines and other transportation services.  More »

House votes to speed up LNG exports

The House-passed bill would give the Energy Department a 30-day deadline to decide whether to grant licenses to broadly export liquefied natural gas, even as the Senate rejected a more aggressive proposal.  More »

Enterprise Products seeks cause of West Virginia pipeline explosion

Monday’s explosion sent flames shooting several hundred feet into the air.  More »

Sasol delays decision on $14 billion U.S. plant on oil drop

The facility was to be located next to an $8 billion ethane cracker in Lake Charles, Louisiana.  More »

Carrizo Oil & Gas to cut spending 35 percent, but produce more

S.P. Johnson, Carrizo’s President and CEO, said that the increase was made possible in part by a decline in service costs and more productive wells.  More »

Energy Transfer Partners to buy sister company in $11.2 billion deal

The purchase would bring together two companies both controlled by parent company Energy Transfer Equity, L.P. in a cash-and-stock deal.  More »

U.K. lawmakers urge fracking moratorium

Hydraulic fracturing in shale for oil and gas should be put on hold in the U.K. because of risks to public health and the environment, a panel of lawmakers said.  More »