Category: Natural gas

Oil slips below $104 as Libya set to boost exports

U.S. crude for August delivery fell 53 cents to close at $103.53 a barrel.  More »

Exxon Mobil-Qatar venture seeks permit for Texas LNG plant

Golden Pass Products, a joint venture of Exxon Mobil Corp. and Qatar Petroleum International, has filed its formal application to build a liquefied natural gas export terminal in Sabine Pass.  More »

BP to sell Panhandle gas fields to Pantera for $390M

A BP spokesman said Monday the company has struck a deal to sell off rights to a chunk of its natural gas-rich property in the Texas Panhandle for $390 million.  More »

Shale gas producer plans $400M IPO

Colorado-based shale gas producer Vantage Energy told regulators Monday it is planning to go public for $400 million.  More »

Rice Energy snaps up Marcellus land from Chesapeake

Pennsylvania shale gas producer Rice Energy is buying more acreage in the Marcellus Shale for $336 million, its first land grab since its Wall Street debut earlier this year, the company said Monday.  More »

Change in direction leaves LNG importing units idle

From 1998 to 2008, the average annual spot price of domestic natural gas more than quadrupled, from $1.96 per million British thermal units to $7.97, and the price moved into double digits several times during that time. That is not the case now.  More »

Foreign investors turn eyes to ND oil patch

Foreign investors more familiar with projects in the emerging markets of Eastern Europe and tropical escapes of Southeast Asia are finding a new destination for their dollars and francs: Western North Dakota’s oil patch that’s home to booming towns, low unemployment rates and high incomes  More »

Crude oil futures slip as Iraq risks recede

U.S. crude for August delivery fell 42 cents to $104.06 a barrel.  More »

Lawsuit aims to block US-approved Nevada drilling

The Bureau of Land Management concluded in an environmental analysis in February that energy exploration resulting from the sale of the leases would have little or no impact across about 270 square miles of central Nevada’s Lander, Nye and Esmeralda counties.  More »

Record LPG exports will drive ship market growth, Latsco says

Increased U.S. exports of liquefied petroleum gas amid higher shale oil production will boost demand for ships that carry gases such as propane, butanes and ethane, according to the director of Latsco Shipping Ltd., said  More »

Cheniere secures buyers for two Corpus Christi LNG trains

The Houston company due to be the first exporter of U.S. natural gas has lined up buyers for more than half of the supplies it plans to send overseas from its second proposed liquefaction facility in Corpus Christi.  More »

All roads lead to gas as GE, Siemens vie for new markets

With gas set to be the fastest growing fossil fuel over the next 20 years, deals to tap into the coming boom are growing.  More »