Natural Gas

Putin threatens Ukraine with gas cutoff

MOSCOW (AP) — President Vladimir Putin warned Wednesday that Russia will cut gas supplies to Ukraine if it fails to pay in advance for future deliveries.

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.

Workers restoring heat after gas explosion in New Jersey

STAFFORD TOWNSHIP, N.J. (AP) — Utility workers are restoring service to a New Jersey neighborhood after a natural gas explosion destroyed a home and injured 15 people, including two critically.

New Jersey Natural Gas employees have been going door-to-door to about 300 homes in the Oak Avenue and Cedar Run section of Stafford Township, where residents spent Tuesday night into Wednesday morning without heat with temperatures in the teens.

Natural gas blast destroys home, injures 15 in New Jersey

STAFFORD TOWNSHIP, N.J. (AP) — A natural gas explosion leveled a house and injured 15 people, two critically, after a gas main break Tuesday near the New Jersey shore.

Seven of the injured were gas company workers trying to locate the source of a leak that filled the neighborhood with a strong gas smell. Two of them were in critical condition at a hospital in Atlantic City.

Natural Gas Roundtable luncheon

Washington, February 24, 2015, 12:00 pm

Energy Department Director of the Office of Energy Policy and Systems Analysis Melanie Kenderdine speaks at Natural Gas Roundtable luncheon.

Chevron pulls out of shale gas exploration in Romania

BUCHAREST, Romania (AP) — U.S. oil company Chevron says it has pulled out of shale gas drilling in Romania, weeks after ending business in Poland.

The company began drilling for shale gas at its exploration well in northeastern Romania in 2014, a project that drew protests. It is also ending its three other concessions in Romania.

Pennsylvania drillers using more fracking sand

Source: 
Pittsburgh Post-Gazette

More fracking sand is going into natural gas wells drilled in the Marcellus Shale, and operators are having to dispose of more sand at the end of the process. The increase is part of a technique that improves well production, the Pittsburgh Post-Gazette reports.

Fighting still rages in east Ukraine, gas problems loom

KIEV, Ukraine (AP) — The Ukrainian government and the separatist rebels blamed each other Friday for violating a fragile cease-fire dozens of times, sparking fears of wider hostilities in war-torn eastern Ukraine.

Amid the tensions, Moscow sternly warned the cash-strapped Ukraine that its pay for Russian gas would only last for a few more days, raising the specter of another gas war with potential repercussions for Europe.

Oil

US rig count decreases 48 to 1,310

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. fell by 48 this week to 1,310 amid depressed oil prices, according to oilfield services company Baker Hughes Inc.

The Houston firm said Friday in its weekly report 1,019 rigs were exploring for oil and 289 for gas. Two were listed as miscellaneous. A year ago 1,771 rigs were active.

Dominion Photo

White House: Natural gas exports beneficial even if prices rise

The White House on Thursday made the economic case for expanding natural gas exports, saying it would, on the whole, benefit the economy even if it causes domestic prices to increase.

“We are committed to putting gas in the global market in a way that is consistent with U.S. public interest, because we know that increased global supplies help our strategic partners,” said a White House official who asked not to be identified.

Lower revenue, spending down to drop in oil prices: Noble Energy

Source: 
The Wall Street Journal

Noble Energy reported an increased profit but revenue that dropped down to $1.07 billion in the fourth quarter on lower oil prices, and said it would cut its capital spending by 40 percent in 2015, The Wall Street Journal reports.

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