Natural Gas

BC must fix its policies or risk big LNG delays: Petronas chief

Source: 
The Wall Street Journal

Speaking out as British Columbia’s legislature began its fall session, Petronas CEO Shamsul Azhar Abbas warned Monday that the Canadian province needs to finalize reasonable regulatory and tax policies or a decision on a Pacific Coast LNG export terminal could be put off by 10-15 years, The Wall Street Journal reports.

Drought boosts natural gas use in California

The three-year drought in California has forced up the use of natural gas power to replace lost hydropower generation, the Energy Department's statistics arm said Monday.

Hydropower accounted for 10 percent of the in-state generation during the first six months of this year, just half of the normal share in the same period dating back to 2004.

Cyprus: Turkey's gas search may harm peace talks

NICOSIA, Cyprus (AP) — Cyprus' foreign minister says Turkey's stated intention to search for oil and gas in waters where the ethnically-split island nation has licensed an Italian-South Korean consortium to drill could upset reunification talks.

Ioanis Kasoulides says productive negotiations can't continue "under such conditions of provocation." He told reporters Monday that Cypriot President Nicos Anastasiades will decide soon on how to respond.

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.

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