Natural Gas

Oil

US rig count plunges 87 to 1,456

HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. plunged by 87 this week to 1,456 amid depressed oil prices.

The Houston firm said Friday in its weekly report 1,140 rigs were exploring for oil and 314 for gas. Two were listed as miscellaneous. A year ago 1,771 rigs were active.

Strong debut for Columbia Pipeline Partners

Source: 
FuelFix

Shares were higher Friday in early trading for Columbia Pipeline Partners L.P. -- the biggest initial public offering in the first weeks of 2015, having raised more than $1 billion –- which has assets in the Marcellus and Utica shale plays, FuelFix reports.

Trinidad: 13 hospitalized after gas explosion, 3 critical

PORT-OF-SPAIN, Trinidad (AP) — A gas explosion that caused a fire near Trinidad's capital has injured 13 people, including three reported in critical condition.

Police say they believe a spark set off an explosion in a restaurant's gas tank Thursday just north of Port-of-Spain. The explosion damaged five businesses and sent glass and other debris flying in the upscale suburb of Maraval.

NY officials standing firm on fracking ban

Source: 
The Journal News

A week after New York environmental chief Joe Martens said he doesn’t see revisiting the fracking issue anytime soon, Gov. Andrew Cuomo declared he would “never” lift the state’s ban on hydraulic fracturing, The Journal News reports.

Lawyer hoping to bury Chesapeake in royalty lawsuits

Source: 
E&E

Texas attorney Dan McDonald has been hunting for clients in four states, seeking to build a mass of litigation against Chesapeake Energy Corp. over its royalty practices, E&E reports.

Senate Energy and Natural Resources photo

LNG export bill faces wait in Senate

The talks between a Republican senator and the Obama administration to set deadlines for Energy Department decisions on natural gas exports isn't leading to fast action on Capitol Hill.

Bipartisan-backed legislation by Sen. John Barrasso, R-Wyo., reflecting discussions between Sen. John Hoeven, R-N.D. and Energy Secretary Earnest Moniz, would set a 45-day deadline for the department to rule on export applications following final project environmental reviews.

California’s renewable boost keeping a lid on natgas prices

Source: 
The Wall Street Journal

Rain that eases California’s drought also helps to head off spikes in natural gas prices in the region, as does the growing renewable energy footprint in the state, The Wall Street Journal reports.

Modest growth for natgas demand in 2015, says Bentek

Source: 
Platts

Bentek Energy, the natural gas analytical unit of Platts, is forecasting growth of less than 2 percent in natural gas demand in 2015, although likely increasing with new manufacturing plants coming on line in the summer in the Northeast.

Natgas price slide could pinch Pa. communities

Source: 
Pittsburgh Post-Gazette

Pennsylvania communities that have gotten used to impact fees injecting cash into their local budgets may get squeezed this year if natural gas prices remain low, the Pittsburgh Post-Gazette reports.

LNG Allies forum with Czech energy ambassador H.E. Václav Bartuška

Washington, February 4, 2015, 8:30 am

LNG Allies breakfast on natural gas exports. Czech Republic Ambassador-at-Large for Energy Security H.E. Václav Bartuška to speak.

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