Category: Natural gas

Continued cold finally boosts natural gas

Natural gas in working storage fell by 228 billion cubic feet to a total of 1.71 trillion cubic feet in the week ending Feb. 27, according to U.S. Energy Information Administration data.  More »

Student teams rev their engines for Shell Eco-marathon in Motor City

The Shell Eco-marathon is moving from Houston to Detroit this year, but the Anglo-Dutch oil major gave six Houston-area teams of college and high school students a send off at city hall Wednesday for competitors looking to create the most fuel-efficient vehicles.  More »

Kinder Morgan to give more public info on New Hampshire pipeline plan

In a letter sent last week to Kinder Morgan, the state’s congressional delegation asked the company to do more public outreach beyond five meetings conducted recently in communities affected by the proposal.  More »

Federal oil lease sale of western Gulf tracts set for August

The sale will include approximately 4,000 blocks, from nine to 250 miles offshore, in depths ranging from 16 to almost 11,000 feet.  More »

Russia, Ukraine hold emergency gas talks as cutoff looms

The European Union, which is mediating the talks in Brussels hoping to keep gas flowing despite the dispute, imports around 40 percent of its gas from Russia, half through conflict-torn Ukraine.  More »

Guest commentary: dealing with low energy prices

Many Texans have seen this movie before, and some of us have seen it several times. Until the commodity cycle turns, as it always does, refocus on the basic blocking and tackling of running a business. Take protective measures to guard against avoidable losses.  More »

Cash-strapped Ukraine struggles to keep Russia gas supplies

With Ukraine’s economy on the brink of collapse and money from a 15.5 billion-euro ($17.5 billion) bailout deal from the International Monetary Fund that has not yet reached Ukrainian coffers, it is unclear how capable — or how willing — Kiev is to strike a long-term deal with Moscow.  More »

Alberta energy drillers pivot to natural gas as oil plunges

Alberta’s gas prices dropped 35 percent last year while oil fell 46 percent. U.S. crude prices have plunged below $50 from last year’s high above $107 after the Organization of Petroleum Exporting Countries resisted calls to cut output amid a surge of U.S. crude production.  More »

Natural gas futures fall despite frigid temperatures

Not even powerful cold could save natural gas prices.  More »

GDF Suez to lower spending on oil crash as 2014 profit falls

GDF Suez had lowered its 2014 profit forecast because two nuclear reactors in Belgium remained halted due to safety checks of cracks in their cores.  More »

Putin threatens Ukraine with gas cutoff

Putin said that Ukraine’s latest payment would be good only for another three to four days, warning that Russia will have to turn off the tap if Ukraine doesn’t remit payment quickly.  More »

Enterprise Products, Anadarko, Markwest and DCP announce joint venture for NGL pipeline

Under the terms announced, Enterprise will continue to own 55 percent of the line that connects to its processing and storage hub in Mont Belvieu, Texas.  More »

Natural gas inventories rise above five-year average levels

Strong production and a milder winter have had inventories slowly recovering back toward more normal levels.  More »

84th Texas Legislature: Energy Consumer Watchlist

The 84th session of the Texas Legislature is in full swing, with scores of bills already filed that could end up helping or harming Texas energy consumers.  More »

Walker plans to pursue 2 export-capable gaslines

The state faces projected multibillion-dollar budget deficits amid a crash in oil prices, and the stand-alone project was among the big-ticket projects for which Walker late last year had halted new spending pending a review.  More »