Natural Gas

Massive unification deal for Kinder Morgan

Source: 
FuelFix

In a $44 billion move intended to streamline its structure, increase profits and improve growth potential, Kinder Morgan is bringing companies it controls indirectly – Kinder Morgan Energy Partners, El Paso Pipeline Partners and Kinder Morgan Management – back into a single structure, FuelFix reports.

No moves apparent in EU antitrust case against Gazprom

Source: 
The New York Times

Despite the announcement of various sanctions against Russia in recent weeks because of the Ukraine crisis and the looming departure of European competition commissioner Joaquin Almunia, there’s been no sign of movement in an EU antitrust case against Gazprom that began building three years ago, The New York Times reports.

Oil

Texas energy company worker killed in Egypt

HOUSTON (AP) — An American employee of Texas-based energy company Apache Corp was killed last week in an apparent carjacking in the western Egyptian desert, officials said Sunday.

"The victim was a long-time employee who works with production operations and we are deeply saddened by his death," Apache spokesman Bill Mintz said. "Apache is working with authorities and a full investigation is underway."

He said the attack occurred Wednesday as the employee was driving in the desert between Qarun and Karama, southwest of Cairo.

Oil

North Dakota tribe wants fee on wasted natural gas

BISMARCK, N.D. (AP) — Tribal leaders on an American Indian reservation in the heart of North Dakota's booming oil patch are proposing fees for companies that burn and waste natural gas.

The Three Affiliated Tribes outlined its plan to impose fees in a six-page document sent to oil companies. In it, the tribe said companies would be required to pay royalties for "flaring" natural gas to compensate for lost revenue when the gas isn't brought to market and sold.

Oil production on the Fort Berthold Reservation accounts for about a third of the state's oil output of more than 1 million barrels a day, which has made North Dakota the second-largest oil producing state in the country behind Texas.

Associated Press
Oil

Republicans: Oil boom states' success supports their pro-drilling stance

Republicans in Congress on Thursday pointed to a new Energy Department analysis of the strong economic growth in energy-producing states as fresh evidence in support of their calls for greater oil and gas drilling in federal areas.

The Energy Information Administration reported that of the six states where oil and gas development and mining accounted for more than 10 percent of their economy, all but one had stronger growth than the national average last year.

McClendon firm to team with Regency to construct Utica pipeline

Source: 
FuelFix

American Energy’s midstream unit says it will join with Regency Energy Partners to build a 52-mile pipeline – at a cost of $500 million – to move more than 2 billion cubic feet of natural gas per day from the Utica Shale in Ohio, FuelFix reports.

EPA questions FERC’s environmental review for Cheniere’s project

Source: 
FuelFix

The Federal Energy Regulatory Commission needs to say more about the potential impact of Cheniere Energy’s proposed LNG import and export facility on the air, water and wetlands around Corpus Christi Bay, according to a letter Craig Weeks of the Environmental Protection Agency sent to the commission this week, FuelFix reports.

Oil

Norway's Statoil comes up dry at Arctic wells

STOCKHOLM (AP) — Norway's Statoil ASA has found no commercial quantities of oil and gas at the northernmost wells it has ever drilled in the Arctic, the government-controlled company said Thursday.

Statoil drilled three exploration wells this summer in the Hoop area of the Barents Sea.

Two of them were the northernmost wells ever drilled on the Norwegian continental shelf, more than 300 kilometers (185 miles) north of the mainland.

Profit jump of 47 percent for Energy Transfer Partners

Source: 
The Wall Street Journal

Higher revenue across most of its segments led Energy Transfer Partners – increasingly focused on natural gas pipelines --  to a 47 percent increase in earnings in the second quarter to $471 million, far exceeding analysts’ expectations, the company said Wednesday, The Wall Street Journal reports.

Chevron at fault in deadly Pa. well fire: DEP

Source: 
The Associated Press

A report from the Pennsylvania Department of Environmental Protection pointed a finger at Chevron site managers in its investigation of a fire at a natural gas well that killed a worker, according to The Associated Press.

Pages

Subscribe to Natural Gas