Natural Gas

Energy law business expanding in Pennsylvania

Source: 
Tribune-Review

Schools in Pennsylvania are gearing up their energy law offerings to train lawyers to handle the explosion of energy-related cases accompanying the Marcellus shale drilling boom, the Tribune-Review reports.

Bulgarians to vote, fate of gas pipeline in balance

SOFIA, Bulgaria (AP) — Bulgarians are voting Sunday in a parliamentary election that will determine whether the country continues to build a Russian gas pipeline that would give the Kremlin even more leverage over Europe's energy market — a project the European Union opposes.

Here's a look at Bulgaria, the vote and the controversial pipeline:

Oil

US rig count down 9 to 1,922

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. declined by nine this week to 1,922, oilfield services company Baker Hughes Inc. said.

The Houston firm said Friday in its weekly report that 1,591 rigs were exploring for oil and 330 for gas. One was listed as miscellaneous. A year ago there were 1,756 active rigs.

Sand producers cashing in on fracking boom

Source: 
The Wall Street Journal

FHMSA Holdings Inc., which has joined other fracking sand providers going public and is hoping to raise around $1 billion in an initial public offering, starts trading its shares on the New York Stock Exchange Friday, The Wall Street Journal reports.

LNG imports could stave off winter fuel crunch, says exec

Source: 
E&E

Frank Katulak, CEO of GDF Suez Gas North America, operator of the Everett Marine Terminal near Boston, suggested to staff of the Federal Energy Regulatory Commission this week that LNG imports could help handle New England’s fuel needs if the region were to be faced with another severe winter cold spell, E&E reports.

Fire at offshore gas platform prompts evacuation

ANCHORAGE, Alaska (AP) — A fire Thursday at an offshore natural gas platform in Alaska's Cook Inlet destroyed the crew's living quarters and forced four workers to evacuate, but no one was injured and the environmental risk was considered minimal, responders said.

The blaze broke out at about 7:30 a.m. By evening, the unified command set up for the incident said the fire was fully contained. An earlier Coast Guard report that the fire flared up again was incorrect.

Hilcorp Alaska LLC owns the platform and 11 others among the total of 16 platforms in the inlet, a vast body of water with stunning mountain views.

Investors should be ‘realistic’ about LNG prospects, Goldman warns

Source: 
Bloomberg

Goldman Sachs has cut its growth projections for future LNG demand and warns that investors should be wary about the costs of major projects and “realistic about expectations for further contracts,” Bloomberg reports.

November gas drops on Nymex in expectation of storage build

Source: 
Platts

A bearish outlook is taking hold of natural gas prices ahead of an expected announcement of a storage build from the Energy Information Administration combined with a mild October weather forecast, as Wednesday’s settlement for November delivery declined 9.8 cents to $4.023 per million British thermal units on the Nymex, Platts reports.

US has trouble trying to use homegrown guar for fracking

Source: 
The Wall Street Journal

Problems encountered by West Texas Guar Inc., which operated a processing facility to extract a thickening agent from the legume guar, has cost investors and farmers millions of dollars, The Wall Street Journal reports.

Baker Hughes to disclose fracking chemicals

NEW YORK (AP) — The drilling services company Baker Hughes on Wednesday implemented a policy of disclosing all of the chemicals used in its fracking operations.

Environmental groups and local communities have for years been pushing for full disclosure of the chemicals used in hydraulic fracturing, a drilling technique also known as fracking.

In response, the oil and gas industry set up an online database -- at FracFocus.org -- that lists many of the chemicals, but held back crucial information on certain chemicals and the amounts used on the grounds that it would provide competitors with trade secrets.

Pages

Subscribe to Natural Gas