Natural Gas

Beaumont-based Stabilis Energy to pick up Encana assets

Source: 
FuelFix

Beaumont-based Stabilis Energy, a liquefied natural gas distributor, is picking up U.S. assets from a subsidiary of Canadian firm Encana, including storage, regasification and mobile fuel units, in a deal expected to close this month, FuelFix reports.

Questions about fracking and job creation

Source: 
National Journal

National Journal examines the gap between the number of jobs Gov. Tom Corbett, R-Pa., is claiming fracking has brought to his state -- 170,000 -- and the number of jobs the Pennsylvania Department of Labor and Industry cites -- 30,000.

Private equity betting on upstream gas drilling and production

Source: 
The Wall Street Journal

The spectacular failure of Energy Future Holdings, created in a massive leveraged buyout of TXU, hasn't soured private equity investors on the gas sector, they've just moved their focus upstream to drilling and production, The Wall Street Journal reports.

Energy Department seeks methane hydrate proposals

ANCHORAGE, Alaska (AP) — The U.S. Department of Energy is soliciting for another round of research into methane hydrates, the potentially huge energy source of "frozen gas" that could step in for shortages of other fossil fuels.

The department is looking for research projects on the North Slope of Alaska that could explore how to economically extract the gas locked in ice far below the Earth's surface.

DOE is also seeking researchers to document methane hydrate deposits in outer continental shelf waters of coastal states.

US imposes sanctions on Crimea's leaders, gas company

Source: 
Platts

The Treasury Department, accusing the Crimean subsidiary of Ukraine's natural gas company of "misappropriating" assets, on Friday imposed sanctions on the subsidiary, Chernomorneftegaz, as well as some of Crimea's leaders, Platts reports.

A look at Ukraine's fast-growing Russian gas bill

MOSCOW (AP) — The amount Russia says it is owed by Ukraine's cash-strapped government for natural gas has ballooned as if by magic — from $1.7 billion at the beginning of April to a staggering $35.4 billion, according to a letter sent by President Vladimir Putin this week to 18 European leaders.

Oil

ND posts 951K barrels of oil daily in February

BISMARCK, N.D. (AP) — North Dakota oil drillers produced an average of about 951,000 barrels of oil a day in February.

The Department of Mineral Resources says February production was up from an average of about 935,000 barrels daily in January.

Ohio geologists link small quakes to fracking

COLUMBUS, Ohio (AP) — Geologists in Ohio have for the first time linked earthquakes in a geologic formation deep under the Appalachians to hydraulic fracturing, leading the state to issue new permit conditions Friday in certain areas that are among the nation's strictest.

A state investigation of five small tremors last month in the Youngstown area, in the Appalachian foothills, found the injection of sand and water that accompanies hydraulic fracturing, or fracking, in the Utica Shale may have increased pressure on a small, unknown fault, said State Oil & Gas Chief Rick Simmers. He called the link "probable."

While earlier studies had linked earthquakes in the same region to deep-injection wells used for disposal of fracking wastewater, this marks the first time tremors in the region have been tied directly to fracking, Simmers said. The five seismic events in March couldn't be easily felt by people.

Oil

US rig count up 13 to 1,831

HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by 13 this week to 1,831.

The Houston firm said in its weekly report Friday that 1,517 rigs were exploring for oil and 310 for gas. Four were listed as miscellaneous. A year ago there were 1,771 active rigs.

EU working on plan to help Ukraine pay for Russian gas

Source: 
Reuters

European Energy Commissioner Guenther Oettinger told Austrian radio Friday he sees "no reason to panic" about EU gas supplies that come from Russia, adding that he was working on a plan to help Ukraine pay for its share of Russian gas, Reuters reports.

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