Natural Gas

Natural gas industry must conquer methane to become true climate change champion

Source: 
National Journal

If the natural gas industry is to improve its credentials in the fight against climate change it will have to do better tackling its methane emissions, National Journal reports.

Natural gas prices soar on low stockpiles

Source: 
The Wall Street Journal

The Energy Information Administration found that natural gas stockpiles last week increased only 24 billion cubic feet, much less than expected, which triggered the biggest price jump in more than two months on fears that what was depleted during a frigid winter may not be replenished, The Wall Street Journal reports.

Associated Press

API to use 'Faces' campaign, polls to fight fracking ban proposals

The American Petroleum Institute on Thursday contended that new polling it commissioned shows strong public support for oil and gas drilling, results the organization hopes will help it overcome concerns over hydraulic fracturing, particularly in New York and Colorado, that could be reflected at the ballot box this fall.

Fracking has been banned in New York since 2008, a ban Democratic Gov. Andrew Cuomo expects to keep in place until at least next year. Statewide, public sentiment is divided over whether to allow the practice in gas-rich areas along the Pennsylvania border, with opposition running ahead of support, according to recent independent polls.

Colorado is also caught up in political debate over fracking, despite that state's moves to regulate the practice. Opponents are pursuing statewide ballot initiatives that would let communities prohibit its use, proposals which are opposed by oil and gas companies.

Oil

Oil and gas profit, up 37 percent, help GE to strong 1Q

NEW YORK (AP) — General Electric's new focus on oil and gas equipment helped the company to post strong first-quarter results.

GE posted lower overall first-quarter net income than a year ago, but that's only due to the sale of NBC Universal during that period. The company said Thursday that its industrial divisions, especially oil and gas, performed well and that the global economic environment was improving.

Alaska lawmakers outline concerns for gas negotiations

JUNEAU, Alaska (AP) — House Resources Committee members have signed onto a letter, outlining issues they want Gov. Sean Parnell's administration to keep in mind in negotiating gas project contracts.

This assumes passage of SB138, which would set state participation in a liquefied natural gas project. House Finance is now considering that bill.

The issues detailed in the non-binding letter were raised as Resources debated the bill but not considered ripe for inclusion as amendments.

Slow take-up for Ford's CNG-powered pickup

Source: 
FuelFix

Only about 200 of Ford's F-150 pickups that can run on compressed natural gas have been sold, FuelFix reports, noting that company officials predict interest will grow once the vehicle gets more established in the market.

200 at meeting on Pennsylvania Shell plant plans

ALIQUIPPA, Pa. (AP) — A plan to build a huge new petrochemical plant in western Pennsylvania is making progress, Shell Oil Co. officials said Wednesday — but there's still no guarantee the multi-billion dollar project will actually be constructed.

That message of optimism and caution was stressed by company officials to about 200 people who showed up for the first of two public meetings regarding a proposed plant site about 30 miles northwest of Pittsburgh.

New gas infrastructure needed, may not solve price volatility: Industry experts

Source: 
Platts

Frigid weather this past winter that resulted in gas price spikes points to the need to improve the ways natural gas gets to market, but more pipeline capacity may not necessarily steady costs, panel members said at a gas forum in Atlanta, Platts reports.

BP selling off rights in Texas Panhandle

Source: 
FuelFix

As part of a two-year plan to dispose of some of its assets, BP is looking for buyers to take on rights for some 280,000 acres in the Texas Panhandle, in an area rich in natural gas that the company says would be better suited to an operator used to getting the most out of mature territory, FuelFix reports.

Jamaica grants license for natural gas project

KINGSTON, Jamaica (AP) — A Hong Kong-based company has been granted a license for what would be a major new power project in Jamaica, the Caribbean island's energy minister announced Tuesday.

Phillip Paulwell said Energy World International is to supply 381 megawatts of natural gas-fired generating capacity for Jamaica's power grid. He called the project a "game changer" for the tropical country, which is almost entirely dependent on imported petroleum and diesel fuel.

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