Natural Gas

Russian gas transit plummets in Ukraine in October

Source: 
Platts

Only 3.87 billion cubic meters of natural gas heading to Europe from Russia moved through pipelines in Ukraine in October, a little over half of the amount transiting in the year-ago period, Platts reports.

December natural gas ends higher on volatile trading

Source: 
Platts

The natural gas contract for December delivery closed out on the Nymex Thursday at $4.489 per million British thermal units, an increase of 11.8 cents, on continuing cold weather and a report of greater-than-expected storage withdrawal, Platts reports.

Oil

Tribal head to speed North Dakota pipeline talks

BISMARCK, N.D. (AP) — The new leader of North Dakota's oil-rich Three Affiliated Tribes is pledging to speed negotiations on a proposed pipeline through tribal land that would curb the wasteful burning of natural gas in the state by more than 10 percent.

North Dakota's booming oil production has led to an unmanageable increase in the state's output of natural gas, which is a byproduct of oil production. Oneok Inc., the biggest operator of natural gas pipelines and processing plants in North Dakota, wants to build a 20-mile-long pipeline to capture natural gas from oil wells in Dunn County and move it to an existing pipeline network nearby. But the Three Affiliated Tribes has demanded environmental assurances and cash for permission for it to pass through land it recently acquired.

Investors give green light to Kinder Morgan merger

Source: 
FuelFix

Kinder Morgan’s $44 billion move to bring its four pipeline companies together has won approval from investors, FuelFix reports.

INEOS to spend $1B on shale gas in UK

Source: 
BBC

INEOS – a chemical company that is building Europe’s largest shale gas import facility in Britain – also plans to drill for gas locally, spending $1 billion on exploration and production, BBC News reports.

Heating costs heading up as cold grips nation

NEW YORK (AP) — The cold is back, and with it, rising heating bills.

This winter was expected to bring much lower bills than last year because it wasn't supposed to be so darn cold. Homeowners could go a little easier on the thermostat, and less fuel use would offset rising prices for natural gas and electricity, which generates heat for 88 percent of U.S. households.

Then, descending from the Arctic, came a block of cold air nearly the size of the entire Lower 48. This month is now on track to be the coldest November since 1996.

Fracking to be permitted in GW National Forest

NORFOLK, Va. (AP) — Over the objection of environmental groups and Virginia's governor, a federal management plan released Tuesday will allow a form of natural gas drilling known as fracking to occur in parts of the largest national forest on the East Coast.

The U.S. Forest Service originally planned to ban fracking in the 1.1 million-acre George Washington National Forest, but energy companies cried foul after a draft of the plan was released in 2011. It would have been the first outright ban on the practice in a national forest.

More natural gas available despite last winter’s chill

Source: 
FuelFix

More natural gas is available this year despite the supply depletion from last winter’s freezing temperatures, replenished because of a swift inventory buildup and substantial infrastructure investment, according to America’s Natural Gas Alliance, FuelFix reports.

ANGA President Durbin media teleconference

Washington, November 17, 2014, 11:00 am

ANGA President Marty Durbin holds media teleconference to discuss 2015 natural gas issues outlook.

Oil

US rig count up 3 to 1,928

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 three this week to 1,928.

The Houston firm said Friday in its weekly report that 1,578 rigs were exploring for oil and 350 for gas. A year ago there were 1,762 active rigs.

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