Natural Gas

Propane shortage partly down to poor weather, pipeline info: Senators

Source: 
The Hill

The propane shortage during the severe winter could have been dealt with more effectively if it had been anticipated with better data on weather and infrastructure, senators said Thursday at a hearing of the Energy and Natural Resources committee, The Hill reports.

Enterprise 1Q profits up on winter fuel demand

Source: 
Bloomberg Businessweek

Pipeline operator Enterprise Products partners LP announced a 6 percent increase in first quarter profit Thursday as the need for for fuel transportation grew due to increased demand from the severe winter, as well as soaring supplies, Bloomberg Business week reports.

BASF considers $1.39B gas facility on U.S. Gulf

Source: 
The Wall Street Journal

A €1 billion ($1.39 billion) complex to convert methane to propylene could be built on the Gulf coast by German chemical giant BASF SE, to take advantage of cheap U.S. natural gas prices, The Wall Street Journal reports.

Wyoming gas plant partially operating after fire

OPAL, Wyo. (AP) — A Wyoming natural gas processing plant is operating at about 40 percent of its typical seasonal level just over a week after an explosion and fire.

Williams Partners said Thursday that two of five cryogenic processing units at its plant near the town of Opal are running just over a week after the explosion was apparently triggered by a release of natural gas. The fire burned out after five days.

Russia challenges EU energy market rules

GENEVA (AP) — Russia has filed a complaint against the European Union's energy market laws claiming they violate international rules, the World Trade Organization said Thursday.

Among the stakes in the challenge to EU policy are how much control Russia's state-controlled gas company, Gazprom, will be able to exert over European pipelines and the degree to which Europe can diversify its supply lines.

PG&E's 1Q profit falls on expenses

SAN FRANCISCO (AP) — PG&E Corp. reported Thursday that its first-quarter profit fell as costs tied to its natural gas business and other items outweighed improved revenue.

The San Francisco-based utility has been tied up in court for its role in a deadly 2010 natural gas pipeline explosion in nearby San Bruno.

Federal prosecutors allege that its subsidiary Pacific Gas & Electric Co. knowingly relied on erroneous and incomplete information when assessing the safety of the pipeline that eventually ruptured and sparked a fireball that destroyed 38 San Bruno homes, killed eight people and injured dozens of others.

FERC releases impact statement on Cameron LNG

CAMERON, La. (AP) — A proposed liquefied natural gas export terminal in Cameron Parish would not significantly damage the environment, the Federal Energy Regulatory Commission staff said Wednesday. The conclusion also applies to 21 miles of pipeline and associated facilities proposed for Cameron, Calcasieu, and Beauregard parishes.

The project has adequate plans to compensate for filling in 213 acres of wetlands, according to an environmental impact study released Wednesday. It says those include using dredged material to turn an area of open water to brackish marsh and buying credits from approved mitigation banks.

FERC: ‘Less-than-significant’ environmental impact from Cameron LNG project

Source: 
Platts

A review by the Federal Energy Regulatory Commission, hailed by Sen. Mary Landrieu, D-La., has found that the environmental impact from the Cameron LNG project in the state would be cut to “less-than-significant levels” given the steps the operator is proposing to minimize it, Platts reports.

Energy provider Dominion 1Q profit falls 23 pct

RICHMOND, Va. (AP) — Dominion Resources Inc. said Wednesday that its first-quarter profit fell more than 23 percent on costs related to the repositioning of its producer-services business despite higher electricity sales.

The Richmond, Va., energy provider posted earnings of $379 million, or 65 cents per share, for the period ended March 31. That's down from $495 million, or 86 cents per share, a year ago.

Production costs dropping for US oil and gas, says EIA chief

Source: 
Platts

Adam Sieminski, head of the Energy Information Administration, says EIA is facing a challenge in predicting oil and gas production because technology is lowering costs, Platts reports.

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