Natural Gas

UK environmental group warns of fracking risks

Source: 
The Independent

The British charity the CHEM trust is warning that hydraulic fracturing poses health risks, issuing a report as the Lancashire County Council is set to vote whether to approve England's first fracking operation, the Independent reports.

Mexico announces underwater gas pipeline to Texas

MEXICO CITY (AP) — The Mexican government has announced plans for nearly $10 billion worth of electricity and natural gas infrastructure projects, including a gas pipeline under the Gulf of Mexico from Texas to the port of Veracruz.

The Federal Electricity Commission said Monday that the costliest project would be the 500-mile underwater pipeline for carrying natural gas from South Texas. The pipeline is intended to go into operation in June 2018.

Williams, spurning buyout offer, sees shares surge

Source: 
The Wall Street Journal

An offer from Energy Transfer Equity to buy natural gas pipeline operator Williams Cos. for $48 billion may have been 33 percent higher than Williams’ shares were trading Friday, but after the offer was rejected as too low, Williams stock surged Monday, The Wall Street Journal reports.

Gulf LNG seeks FERC approval for exports

Source: 
FuelFix

Kinder Morgan’s Gulf LNG Liquefaction Project in Mississippi on Friday formally asked the Federal Energy Regulatory Commission to allow it to start exporting, FuelFix reports.

Oil

US oil and natural gas rig count drops by 2 to 857

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 two this week to 857.

Houston-based Baker Hughes said Friday 631 rigs were seeking oil and 223 explored for natural gas. Three were listed as miscellaneous. A year ago, with oil prices nearly double the current levels, 1,858 rigs were active.

Greece signs deal with Russia to build gas pipeline

ST. PETERSBURG, Russia (AP) — Russia and Greece have signed a deal to build an extension of a prospective gas pipeline that would carry Russian gas to Europe through Turkey.

Russia has promised Greece hundreds of millions of dollars in transit payments yearly if it agreed to build the pipeline.

BP Photo
Oil

EIA: Oil price plunge took drilling services with it

When the price of oil plummeted more than 50 percent between June 2014 and January 2015, oilfield services and products like drilling, well casing, cementing and fracking sand took hits as well, a new analysis from the government’s energy statistics agency says.

The Energy Information Administration report examined the Bureau of Labor Statistics’ Producer Price Index, or PPI, which tracks the rates that oil and natural gas support companies were charging for their services during the period from June 2014 to May 2015.

Natgas drops despite less build in inventories

Source: 
FuelFix

A smaller-than-expected build in natural gas inventories reported by the Energy Information Administration wasn’t enough to boost prices, falling 1.9 cents to $2.836 per million British thermal units, according to FuelFix.

Shell LNG project wins environmental clearance in Canada

Source: 
The Wall Street Journal

Federal and provincial authorities in Canada have approved an environmental assessment for a Royal Dutch Shell LNG export project proposed for the Pacific coast, The Wall Street Journal reports.

Kinder Morgan seeking customers for Ohio-Louisiana pipeline

Source: 
FuelFix

Kinder Morgan is looking to put together a 1,100 mile pipeline to bring natural gas from the Marcellus and Utica Shale plays to Gulf Coast refineries, and is soliciting contracts from producers, FuelFix reports.

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