Natural Gas

Crestwood to seek binding contracts for New England pipeline

Source: 
FuelFix

Crestwood Midstream Partners says it will start seeking binding contracts in November for its proposed 30-mile MARC II natural gas pipeline in New England, having attracted nonbinding commitments for 700 million cubic feet per day already, FuelFix reports.

Cyprus to block Turkey's EU bid over gas dispute

NICOSIA, Cyprus (AP) — European Union member Cyprus will oppose any progress in Turkey's ongoing talks to join the 28-nation bloc in response to a Turkish gas search in waters where Cyprus has already licensed companies to drill, an official said Tuesday.

The move is one of several new measures that the Cypriot government unveiled after accusing Turkey of stepping up its violation of the small country's sovereign rights by dispatching a research ship off its southern coast.

Natural gas prices at 11-month low

Source: 
Platts

Monday’s settlement for November natural gas futures on the Nymex – down 9.6 cents to $3.67 per million British thermal units – represents an 11-month low, and analysts told Platts a mild weather forecast for the month will likely reinforce the sluggish trend.

Tesoro Logistics to pay $2.5B for QEP’s natural gas interests

Source: 
San Antonio Express-News

Tesoro Logistics is getting into the natural gas business, picking up assets from QEP Resources in Colorado, Utah and North Dakota in a deal with a $2.5 billion price tag, the San Antonio Express-News reports.

UK power plant fire being probed

Source: 
BBC

An investigation is underway into a massive fire that burned RWE npower’s Didcot B natural gas power plant in Oxfordshire, northwest of London, Sunday night, the BBC reports.

Record production pressuring natgas prices ahead of winter

Source: 
The Wall Street Journal

Increased natural gas production, which has almost replaced supplies depleted by last winter’s deep freeze, has sent prices down even as the next cold season approaches, The Wall Street Journal reports.

FERC authorizes Freeport LNG construction start

Source: 
FuelFix

Some environmental concerns still need to be satisfied, but Freeport LNG can start site preparation as well as construction for liquefaction facilities at its planned export facility at Quintana Island in Texas, under permission granted by the Federal Energy Regulatory Commission Friday, FuelFix reports.

Oil

US rig count down 12 to 1,918

HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 12 this week to 1,918.

The Houston firm said Friday in its weekly report that 1,590 rigs were exploring for oil and 328 for gas. A year ago there were 1,739 active rigs.

EPA approves permit for methanol plant in Texas

Source: 
Beaumont Enterprise

The Environmental Protection Agency has approved a greenhouse gas permit for Natgasoline's proposed methanol plant in Beaumont, Texas, ending the final regulatory hurdle for the project that could cost as much as $1.8 billion, the Beaumont Enterprise reports.

Little progress on gas as Putin, Poroshenko negotiate

Source: 
Newsweek

European Union-backed talks between Ukrainian President Petro Poroshenko and Russian President Vladimir Putin in Milan have made little progress on extending a ceasefire or settling a natural gas supply dispute between the two, Newsweek reports.

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