Natural Gas

Oil

Jamaica signs deal to search for offshore oil, gas

KINGSTON, Jamaica (AP) — Jamaica's petroleum firm has signed an agreement with a British oil company, clearing the way for oil and gas exploration in offshore blocks south of the island.

The "production sharing agreement" was signed with London-headquartered Tullow Oil, which has a 100 percent operating interest.

High potential for LNG-fueled trains, but limited investment yet

Source: 
FuelFix

Analysts project railroad companies could potentially reap large savings by switching from diesel fuel for trains to liquefied natural gas, though the high initial investment to upgrade locomotives has hindered the switch, FuelFix reports.

Natural gas prices see drop after nine straight growth sessions

Source: 
The Wall Street Journal

After nine straight sessions of growth that saw natural gas prices rise more than 23 percent, prices fell 15.7 cents to $4.255 per million British thermal units on Monday as traders looked to cash in on profits, The Wall Street Journal reports.

Hoeven gets committee vote on LNG exports bill

Sen. John Hoeven is likely to get a committee vote this week on his bill to speed up Energy Department reviews of liquefied natural gas export proposals, but the outlook for Senate passage during the upcoming lame duck session appears anything but certain.

The Senate Energy and Natural Resources Committee on Thursday will take up the proposal by Hoeven, R-N.D., at a business meeting that could see votes on 20 pending bills, the panel's chair, Sen. Mary Landrieu, announced.

Freeport LNG facility breaks ground in Texas

Source: 
FuelFix

Though Freeport LNG needs two more permits to commence construction on its liquefied natural gas export facility in Quintana, Texas, the company on Monday held a groundbreaking ceremony with plans to begin building by Thanksgiving, FuelFix reports.

New China-Russia gas deal expected to cut prices in Asia

Source: 
The Wall Street Journal

A second preliminary deal for Russia's Gazprom to supply China with natural gas is expected to lower prices in Asia, boosting competition among countries looking to expand exports to the continent, The Wall Street Journal reports.

Russia, China expand on $400B gas deal

Source: 
Bloomberg

At the Asia-Pacific Economic Cooperation meeting in Beijing, China and Russia signed a second initial natural gas supply deal, building on a $400 billion deal signed earlier this year for Russia to provide China with gas, Bloomberg reports.

Interview: Israel's economy minister looks to attract energy companies

Source: 
Houston Chronicle

In an interview with the Houston Chronicle, Israel's Economy Minister Amit Lang discusses his country's efforts to lure foreign oil and gas companies to develop the energy-rich Leviathan gas field off its coast.

U.K. to establish wealth fund from natural gas proceeds

Source: 
The New York Times

The British government on Saturday announced plans to create a sovereign wealth fund to save proceeds from natural gas extraction from shale, though the United Kingdom has yet to begin shale gas production, The New York Times reports.

EIA: Natural gas stocks back to normal

Source: 
The Hill

The country's stockpile of natural gas has risen to 3.571 trillion cubic feet, the Energy Information Administration says, a full recovery from the 11-year low caused by the brutal winter, The Hill reports.

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