Natural Gas

Oil

Statoil profits hit by lower oil, gas prices

HELSINKI (AP) — Norwegian energy company Statoil says impairment charges and lower oil and gas prices pushed it into net loss of 4.8 billion kroner ($727 million) in the third quarter.

Earnings fell from a net profit of 14.3 billion kroner in the same period in 2013. Revenue dropped 9 percent to 147 billion kroner.

Ukraine’s gas bill still obstacle in talks with Russia

Source: 
Reuters

Another round of gas talks between Russia and Ukraine in Brussels Wednesday still faces the obstacle of Kiev’s failure to pay its past Gazprom bill, Reuters reports.

Northern Border assessing interest in Bakken gas pipeline

Source: 
Platts

Northern Border Pipeline, planning a 64-mile connection to the Tioga processing plant owned by Hess that can handle up to 295,000 million cubic feet of natural gas a day, has declared an open season through Nov. 26 to attract non-binding commitments, Platts reports.

Mild weather weighing on natural gas prices

Source: 
Platts

Mild weather is responsible for natural gas prices closing at a one-year low on the Nymex Monday, at $3.561 per million British thermal units, analysts told Platts, but they warned that doesn’t rule out future increases if there’s a frigid spell later in the winter.

Philadelphia's plan to sell gas utility is dead

PHILADELPHIA (AP) — City Council members are effectively killing the proposed sale of Philadelphia's gas utility to a Connecticut company, saying the risks of the deal outweighed the benefits to utility customers and the city.

Council president Darrell Clarke said there was "no appetite" for the proposed $1.86 billion sale of Philadelphia Gas Works to UIL Holdings Corp., which required approval from both the council and the state Public Utility Commission.

Floating gas terminal anchored in Lithuania

TALLINN, Estonia (AP) — A floating natural gas terminal arrived Monday in the Lithuanian port of Klaipeda, in a move by the Baltic country to further reduce its reliance on energy supplies from Russia.

The South Korean-built 300-meter (984-foot) vessel — the size of an aircraft carrier — will be able to provide 4 billion cubic meters (141 billion cubic feet) of gas a year when it becomes operational, expected in December.

USEA, DOE briefing on stress state and induced seismicity

Washington, October 30, 2014, 8:30 am

United States Energy Association membership briefing with Energy Department on stress state and induced seismicity. USGS senior science adviser for earthquake and geologic hazards William Smith among speakers.

Major step forward for Constitution pipeline at FERC

Source: 
FuelFix

The Federal Energy Regulatory Commission staff has cleared the Constitution pipeline on its environmental impact, leaving Commissioners to make the final decision on the project, which is intended to add some 650 million cubic feet of natural gas capacity in New York and New England, FuelFix reports.

Oil

US rig count up 9 to 1,927

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 nine this week to 1,927.

The Houston firm said Friday in its weekly report that 1,595 rigs were exploring for oil and 332 for gas. A year ago there were 1,738 active rigs.

1 killed, 11 injured in German gas pipe explosion

BERLIN (AP) — Authorities say one person was killed and 11 were injured in an explosion after a gas pipe was damaged during construction work in a western German city.

Police in Ludwigshafen said the explosion outside a house in the city happened midday Thursday. Gas transport company Gascade said it wasn't clear why the gas pipe, part of a 57-kilometer (35-mile) pipeline that leads southward to the city of Karlsruhe, was damaged during work that it commissioned. Gas then leaked and caught fire.

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