Natural Gas

Northeast gas pipeline project to cost Kinder Morgan $3.3B

Source: 
The Wall Street Journal

A $3.3 billion pipeline to bring shale gas into New England starting in 2018 has been approved by Kinder Morgan’s board, The Wall Street Journal reports.

BP battling FERC over natural gas

Source: 
The Wall Street Journal

BP is fighting a charge by the Federal Energy Regulatory Commission that it manipulated the natural gas market in Texas seven years ago, The Wall Street Journal reports.

Georgia LNG export plant to be wholly owned by Kinder Morgan

Source: 
FuelFix

In reporting its second quarter earnings Wednesday, Kinder Morgan announced it would take over Royal Dutch Shell’s interest in the Elba Liquefaction Co., as well as declaring a dividend increase of 14 percent, according to FuelFix.

Energy cooperation growing between U.S. and Ukraine

Source: 
Forbes

Representatives of Ukraine gas company Naftogaz participated in a business forum with U.S. officials and executives this week, as some of the reforms to the country’s energy sector begin to open up investment opportunities, Forbes reports.

Richer deposits in Utica Shale: Study

Source: 
Pittsburgh Post-Gazette

Researchers led by a group from West Virginia University are estimating that deposits in the Utica Shale region -- of up to nearly 2 billion barrels of oil and 782 trillion cubic feet of natural gas -- are substantially larger than previous predictions, the Pittsburgh Post-Gazette reports.

Gloomy future for LNG projects: Brookings analysis

Source: 
FuelFix

A new analysis from the Brookings Institution concludes that, aside from the five LNG export projects already under construction in the U.S., few, if any, others will actually end up getting built, FuelFix reports.

Marathon Petroleum partnership to buy MarkWest for $14.69B

NEW YORK (AP) — A partnership run by Marathon Petroleum will spend $14.69 billion to buy MarkWest Energy Partners, a company that splits natural gas into other fuels.

The combined company will have a market capitalization of $21 billion and tie up Marathon's huge pipeline network with the refiner.

Natural gas surpasses coal as biggest US electricity source

Natural gas overtook coal as the top source of U.S. electric power generation for the first time ever earlier this spring, a milestone that has been in the making for years as the price of gas slides and new regulations make coal more risky for power generators.

About 31 percent of electric power generation in April came from natural gas, and 30 percent from coal, according to a recently released report from the research company SNL Energy, which used data from the U.S. Energy Department. Nuclear power came in third at 20 percent.

Barnett Shale operators failing to address methane leak issues

Source: 
Houston Chronicle

Environmental Protection Agency estimates of methane leakage from natural gas activity in the Barnett Shale may be 50 percent too low, according to studies made public this week, and researchers say companies aren’t acting to address the leakage problem, the Houston Chronicle reports.

Oil

US oil and natural gas rig count up by 1 to 863

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 one this week to 863.

Houston-based Baker Hughes said Friday 645 rigs were seeking oil and 217 explored for natural gas. One was listed as miscellaneous. A year ago, 1,875 rigs were active.

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