Natural Gas

Natural gas down 29 percent in a month

NEW YORK (AP) — Natural gas, the nation's most prevalent heating fuel, is getting cheaper just as winter is arriving because of mild temperatures and plentiful supplies.

The price of natural gas has dropped 29 percent in a month, to $3.17 per 1,000 cubic feet on Tuesday from nearly $4.50 in late November. That's a steep drop even for a fuel notorious for volatile price swings.

Israel challenges natural gas developers over monopoly

JERUSALEM (AP) — Israel's antitrust authority said Tuesday it will challenge the ownership structure of the country's natural gas resources, a decision that could rattle an increasingly important industry.

A conglomerate of companies including Texas-based Noble Energy and Israel's Delek Group has been developing Israel's offshore natural gas deposits, selling gas to the Israeli market and agreeing to sell to neighboring countries as well.

Southwestern stubbornly expanding natgas operations

The New York Times

Other companies may have been pulling out of natural gas drilling, but Southwestern Energy and its CEO Steven Mueller are plugging away at existing wells and continue to expand shale drilling, The New York Times reports.

Suspected Islamic militants blow up natural gas pipeline

EL-ARISH, Egypt (AP) — Security officials say suspected Islamic militants have blown up and set fire to a natural gas pipeline outside el-Arish, the provincial capital of North Sinai.

The officials say all roads leading to the area have been closed after the explosion, which took place early Tuesday morning.

Exxon subsidiary XTO settles dumping case in W. Va.

Exxon Mobil subsidiary XTO Energy has settled federal allegations that it illegally dumped fill dirt and other materials at natural gas well sites into wetlands and streams in West Virginia, the Environmental Protection Agency announced Monday.

The Ft. Worth, Texas-based company will pay a $2.3 million civil penalty and spend $3 million to clean up eight sites in three counties where it dumped the fill without a Clean Water Act permit from the Army Corps of Engineers. EPA said the penalty is one of the largest levied to date for unauthorized dumping of fill or dredged materials under the law.

Mild weather sinks natural gas prices


With continued mild weather and the fear of frigid cold receding, natural gas prices slumped 31 cents to the lowest level in nearly two years, at $3.144 per million British thermal units, FuelFix reports.

NY farmers lament lost opportunity for gas riches

ALBANY, N.Y. (AP) — While environmental groups are doing a victory dance over New York's decision to ban fracking, farmers such as apple grower David Johnson are grieving for dashed hopes and dreams.

"I'm devastated," Johnson said after Gov. Andrew Cuomo's health and environmental commissioners announced Wednesday that they were recommending a fracking ban. "I have concerns about how to continue this farm that's been in the family for 150 years."

INEOS timetable: UK drilling next year, output in two more


INEOS hopes to get commercial shale gas production under way in Britain before the end of the decade, according to documents the government released Friday, which detailed the company’s presentation to the Department of Energy and Climate Change in February, Platts reports.

Cyprus: Initial offshore drilling finds no gas

NICOSIA, Cyprus (AP) — Cyprus' Energy Ministry says initial exploratory drilling by an Italian-Korean consortium off Cyprus' southern coast has failed to find significant quantities of gas.

The ministry said Friday that the SAIPEM 10000 rig belonging to the Eni-Kogas consortium drilled to a depth of 5,800 meters (19,000 feet) without success.

Obama inks propane education measure


H.R. 5705, sponsored by Rep. Robert Latta, R-Ohio, which calls for for more training about propane pricing and new data to be used by the Commerce Department in calculating prices, has been signed into law by President Obama, Platts reports.


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