Category: Natural gas

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 »

Linn Energy buying Devon assets for $2.3 billion

Houston’s Linn Energy has inked a deal to buy assets in five U.S. operating areas from Devon Energy Corp. for $2.3 billion.  More »

Israeli field may supply gas to Egypt facility

Delek Drilling said it is negotiating a deal to provide seven billion cubic meters of natural gas from the offshore Leviathan gas field to British company BG’s plant in Idku, Egypt, through an underwater pipeline annually for 15 years.  More »

Goldman says shale gas boom driving fear from market

Fears of gas shortages have dissipated since 2005. The U.S. Energy Information Administration forecasts natural gas prices will average below $5 through 2023 and less than $6 until 2030.  More »

Report: Independent producers leading growth in US oil and gas reserves

U.S. oil and gas reserves increased 9 percent last year, according to a newly released analysis that’s a testament to the industry’s current boom period.  More »

Natural gas boom yielding big benefits, Congress told

The rapid growth in domestic natural gas production is sending benefits rippling across the U.S. economy, business leaders and an energy expert told Congress on Tuesday.  More »

Horizontal drilling fuels latest Oklahoma oil boom

More than 4,600 oil and natural gas wells were completed in Oklahoma last year as part of a domestic boom that is affecting many parts of the nation, according to reports filed with state regulators.  More »

Colorado GOP gubernatorial candidates discuss fracking

The four Republican gubernatorial contenders in Colorado’s Tuesday primary answer questions about what they’d do if elected. Here, they talk about how fracking. Each responded in writing. Answers were edited for space reasons  More »

Energy Department defends natural gas export plan

A top Obama administration official on Thursday defended the Energy Department’s new plan for vetting proposed natural gas export projects that are viewed as closer to commercialization, saying it was intended to foster fairness and transparency.  More »

BP wins first Defense deal since feds lifted contract ban

BP has secured its first contract with the government’s military arm since the Obama Administration lifted the debarment from federal contracts in March.  More »