Natural Gas

Italy's Eni turning away from Polish shale

Source: 
The New York Times

The Italian oil giant Eni has concluded that it's not worthwhile to drill for gas in Poland's shale formations, The New York Times reports.

Predictions of more cold weather send NY natural gas futures higher

Source: 
Bloomberg

Natural gas futures are up for a third straight day in New York, on forecasts of a return to frigid temperatures, Bloomberg reports.

EU eyeing bloc-wide fracking guidelines

Source: 
Bloomberg

The European Union has drawn up a draft of guidelines to govern fracking, although member states will still be able to ban the drilling practice, Bloomberg reports.

Oil

Lab study cuts fracking waste's radioactivity

HOUSTON (AP) — Researchers believe they have found an unlikely way to decrease the radioactivity of some hydraulic fracturing wastewater: Mix it with the hazardous drainage from mining operations.

The wastewater is created when some of the chemical-laced water used to fracture thick underground rocks flows back out of the wellbore. The water is tainted with chemicals, toxins and in some parts of the country — such as Pennsylvania — naturally occurring radioactive materials, such as radium. Research has shown that even wastewater that had been treated with conventional means was changing the chemistry of rivers when discharged into waterways.

In 2011, Pennsylvania barred drillers from taking the wastewater to treatment facilities, forcing them to haul the fluid waste to be disposed in underground injection wells in Ohio. This, along with a lack of freshwater in other parts of the country needed to drill new wells, has scientists and the industry looking for creative solutions.

Natural gas futures zoom higher on predictions supplies will plummet

Source: 
Bloomberg

Traders expect Thursday's report from the EIA will show a record drop in natural gas stockpiles, and that's fueled a big futures surge, according to Bloomberg.

Oil giant Total joins UK shale hunt, PM backs deal

LONDON (AP) — France's Total has agreed to explore for shale gas in Britain, making it the first major oil company to enter the country's market in the face of widely publicized environmental protests.

Total SA, Europe's third-largest oil producer, said Monday it acquired a 40 percent interest in two exploration licenses in eastern Britain.

Environmental activists oppose the extraction of fuel from shale, known as hydraulic fracturing, or fracking, saying it contaminates ground water. The process injects hundreds of thousands of gallons of water laced with chemicals into the ground to shatter the rock and free the gas.

French oil giant Total joins shale hunt in Britain

PARIS (AP) — The French oil conglomerate Total will explore for shale gas in Britain, joining a boom that has overhauled world energy markets.

Total said Monday it has acquired a 40 percent interest in two British exploration licenses, both in eastern Britain, becoming the major stakeholder. The next biggest partner, at 17.5 percent, is the Dart Energy Europe subsidiary GP Energy Limited.

Poland and Britain are the only countries in Europe actively exploring for shale gas. Other countries have been hesitant, fearing the environmental repercussions. Extracting fuel from shale can require hundreds of thousands of gallons of water, and chemicals forced into the ground to shatter the rock and free the gas, a process known as hydraulic fracturing, or fracking.

Defeat for NJ Pinelands pipeline a blow to Gov. Christie

Source: 
The New York Times

Friday's decision against running a natural gas pipeline through the New Jersey Pine Barrens is a defeat for Gov. Chris Christie's administration, according to The New York Times.

Brookings forum, "U.S. Unconventional Hydrocarbon Renaissance and Impact on Japan"

Washington, January 14, 2014, 2:00 pm

Brookings Institution forum, "The U.S. Unconventional Hydrocarbon Renaissance and Impact on Japan." Panelists include Washington Office of Japan Oil, Gas and Metals National Corp. general manager Hidehiro Muramatsu, and Shoichi Itoh, senior researcher, Institute of Energy Economics, Japan. 

Alaska unveils new way forward on gas line

JUNEAU, Alaska (AP) — Gov. Sean Parnell on Friday announced a new way forward on a long-hoped-for natural gas pipeline, including getting out from under terms of a 2007 law that he said no longer works well for the situation.

In a major policy speech in Anchorage, Parnell said the state and Canadian pipeline builder TransCanada Corp. have agreed to terminate their involvement under the Alaska Gasline Inducement Act. He made clear, however, that TransCanada would remain a partner in the project, just under new terms.

Parnell said he would seek legislative approval for state participation in a new commercial agreement with TransCanada and the North Slope's three major players, Exxon Mobil Corp., BP PLC and ConocoPhillips. He said he expected an agreement with a set of terms to be signed soon.o plans to seek legislative approval for state participation.

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