Category: Natural gas

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 »

Russia cuts gas supply to Ukraine

Russia on Monday cut gas supplies to Ukraine as a payment deadline passed and negotiators failed to reach a deal on gas prices and unpaid bills amid continued fighting in eastern Ukraine.  More »

Williams buying rest of Access Midstream Partners for $6 billion

The purchase from Global Infrastructure Partners II will increase William’s ownership to 100 percent of the general partnership and 50 percent of the limited partnership, Williams said in a statement.  More »

Siemens said to be preparing bid to buy Alstom’s gas turbine unit

Siemens AG is preparing a bid for Alstom SA’s energy unit that would leave it with the French company’s gas turbines while allowing partners Mitsubishi Heavy Industries Ltd. and Hitachi Ltd. to expand their steam turbines and hydro businesses, people familiar with the matter said.  More »