Natural Gas

Signs of Ukraine, Russian compromise over gas

Source: 
The Wall Street Journal

Kiev has agreed to wire Moscow $786 million in part payment for what it owes for natural gas, one sign of compromise after Ukrainian and Russian energy ministers met Friday in Berlin, The Wall Street Journal reports.

Cheniere to send liquefied natural gas to Spain

Source: 
FuelFix

A Cheniere Energy subsidiary has inked a $5.6 billion, 20-year deal with Spanish firm Iberdrola SA to supply up to an initial 400,000 metric tons of liquefied natural gas a year from an export facility it’s planning in Corpus Christi, the companies announced Friday, FuelFix reports.

Oil

US rig count up 9 to 1,866

HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. increased by nine this week to 1,866.

The Houston firm said in its weekly report Friday that 1,536 rigs were exploring for oil and 326 for gas. Four were listed as miscellaneous. A year ago there were 1,771 active rigs.

NC lawmakers approve fracking bill

Source: 
The Associated Press

North Carolina’s moratorium on fracking will likely end within a year now that the state’s lawmakers have passed a bill that will allow permits to be issued, a measure almost certain to be signed by Republican Gov. Pat McCrory, The Associated Press reports.

 

Cheniere wants to issue new shares to cover pay boosts

Source: 
The Wall Street Journal

Cheniere Energy is asking its investors to approve the issuance of 30 million new shares to enable the company – which has one of the country’s top paid CEOs in Charif Souki – to continue providing big compensation packages, The Wall Street Journal reports.

Power plant carbon rule could boost gas demand 45 percent: ANGA

A natural gas trade group has estimated that the Obama administration's upcoming greenhouse gas rule for existing power plants could help drive up gas demand for electricity by as much as 45 percent, but sees little price impact because of the nation's massive reserves.

The estimate marks the high end of preliminary calculations by the America's Natural Gas Alliance., representing major gas producers, which puts the additional demand on the gas industry in a range of between 3 billion cubic feet per day up to 10 billion from the rule and other EPA pollution regulations.

Sempra Energy photo

DOE puts new gas exports approval proposal in motion

The Energy Department on Thursday proposed a major revamping of its process to approve liquefied natural gas exports to non-free trade agreement nations, one that it said would streamline its reviews.

The department will also heed calls for a new economic impact study of exports beyond the 12 billion cubic feet per day that it previously studied and found would not harm the economy.

Sempra Energy photo

Energy Department proposes revamp of LNG export reviews

The Energy Department on Thursday proposed to discontinue conditional approvals of applications to export liquefied natural gas to non-free trade agreement nations.

Instead, the department would review projects that have first completed the National Environmental Policy Act process, according to a blog post by Christopher A. Smith, the department's principal deputy assistant secretary for fossil energy.

He said the change would set up a streamlined process, focused more on projects that are likely to be built. Smith added that the change would also give the department better information on potential domestic market impacts. The proposal will be open to public comment for 45 days.

The department will also begin a second economic impact study of exports from 12 billion cubic feet per day to 20 billion cubic feet per day, Smith said, following up to its 2012 study that looked at exports below that range.

TRC won't blame drilling for water contamination

HOUSTON (AP) — The amount of explosive gas tainting a North Texas neighborhood's water supply has increased in recent years, but the state's oil and gas regulator says it can't link the methane to drilling activity nearby, according to a report it released Wednesday.

The state Railroad Commission has found that the contamination has gotten worse in most of the private water wells it tested in September 2013 compared with what was measured in 2010 and in 2011. However, Peter Pope, the agency geologist who signed off on the report, wrote that staff "has determined that the evidence is insufficient to conclude that Barnett Shale production activities have caused or contributed to methane contamination beneath the neighborhood."

Texas: Can't tie water contamination to drilling

HOUSTON (AP) — Texas' oil and gas regulator says an investigation into explosive gas tainting a Dallas-area water supply has found no evidence the contamination originates with gas drilling activity nearby.

The Railroad Commission report, released on Wednesday, says the methane levels have increased in many of the water wells tested in September 2013 compared to what was measured in 2010. But the agency says it cannot definitively link the gas found in the wells to hydraulic fracturing operations in the Barnett shale.

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