Natural Gas

Exxon fracking report responds to shareholders

NEW YORK (AP) — Exxon Mobil is explaining how it is working to manage the risks of hydraulic fracturing in a report issued in response to pressure from a corporate responsibility group, the New York City Comptroller, and other shareholders.

The report acknowledges that drilling wells and producing oil and gas from shale formations and other so-called unconventional sources do carry risks. The report also goes into detail about the benefits of unconventional oil and gas production and how it compares favorably to many other types of energy production and generation.

Tax concerns cast doubt on LNG plans in BC

Source: 
Platts

The possibility that British Columbia might impose a two-tier tax plan on LNG export facilities is causing some developers like Petronas in Malaysia to hold off, Platts reports.

Qatar, Exxon partners seeking to export LNG

Source: 
The New York Times

The partnership between Qatar and Exxon Mobil in plans to export liquefied natural gas from the Golden Pass terminal in Texas is part of the Gulf nation’s strategy to maintain its status as a major player in the industry globally into the future, The New York Times reports.

Dominion natural gas exports plan gets federal OK

WASHINGTON (AP) — Dominion Energy received federal approval late Monday to export liquefied natural gas from its Cove Point terminal on the Chesapeake Bay in Maryland.

In its decision, the Federal Energy Regulatory Commission concluded that the project, as approved with conditions, would minimize potential adverse impacts on landowners and the environment.

Oil

Encana buying Athlon Energy for $5.93 billion

NEW YORK (AP) — Oil and natural gas company Encana is buying Athlon Energy Inc. for $5.93 billion in an effort to boost is oil production by tapping into Texas's booming Permian Basin.

Canada's Encana Corp. will also assume $1.15 billion in debt, bringing the transaction's total value to approximately $7.1 billion.

Ohio River drilling bids opened in W.Va.

Source: 
The Associated Press

Several companies, including Noble Energy and Statoil, submitted bids to West Virginia to drill in a 14-mile stretch of the Ohio River, The Associated Press reports.

US-led air strikes hit 4 Syrian provinces, gas plant

BEIRUT (AP) — U.S.-led coalition warplanes bombed Islamic State group positions overnight across four provinces in northern and eastern Syria, hitting a grain silo as well as the country's largest gas plant, activists said Monday.

Washington and its Arab allies opened their air assault against the extremist group last week, going after its military facilities, training camps, heavy weapons and oil installations. The campaign expands upon the air strikes the United States has been conducting against the militants in Iraq since early August.

Gas drillers draw less water, but concerns linger

PITTSBURGH (AP) — The gas drilling industry in Pennsylvania is recycling more and more water and one river basin commission now reports drillers there are drawing less freshwater than in the past.

Water use by the natural gas industry in the Susquehanna River Basin peaked at about 3.8 billion gallons in 2011 and that figure declined to about 3.1 billion gallons in 2013, Andrew J. Gavin, deputy executive director of the Susquehanna River Basin Commission, told The Associated Press.

NiSource splits off natural gas pipeline business

Gas and utility company NiSource Inc. announced Sunday that it plans to split off its natural gas pipeline and related businesses into a stand-alone publicly traded company.

The new company, Columbia Pipeline Group Inc., will control the business of transporting and storing natural gas. It is expected to be listed on the New York Stock Exchange and has 15,000 miles of natural gas transmission pipelines and nearly 300 billion cubic feet of underground natural gas storage capacity.

EU proposes deal to ensure Ukraine gas supplies

BERLIN (AP) — Ukraine would repay $3.1 billion in debts to Russia in exchange for guaranteed gas deliveries through the harsh winter months under a proposal unveiled Friday after talks brokered by the European Union.

The proposed deal, which would expire next spring, is aimed at averting a supply crisis in Ukraine and the EU over the winter but wouldn't resolve a deeper dispute over what price Kiev should pay for past and future deliveries. An arbitration court in Stockholm is expected to rule only next year on that.

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