Natural Gas

New Texas law bans cities from banning fracking, drilling

AUSTIN, Texas (AP) — Republican Texas Gov. Greg Abbott has signed into law a prohibition on cities and towns imposing local ordinances preventing fracking and other potentially environmentally harmful oil and natural gas activities.

The much-watched measure sailed through the GOP-controlled Legislature after voters in Denton, a university town near Dallas, banned hydraulic fracturing locally in November.

NextDecade inks design contract for south Texas LNG

Source: 
FuelFix

CB&I will do design work for NextDecade on its Rio Grande LNG export project set for Brownsville near the Mexican border, under a contract signed by the two companies, FuelFix reports.

Judge orders Chesapeake, McClendon to arbitration

Source: 
The Wall Street Journal

Chesapeake Energy accusations that former CEO Aubrey McClendon stole trade secrets should be settled through aribration, a district court judge ruled in Oklahoma, The Wall Street Journal reports.

Russia urges EU to support gas pipeline crossing Turkey

BELGRADE, Serbia (AP) — Russia's foreign minister has urged the European Union to support the idea of a Moscow-backed pipeline that would bring natural gas across the Black Sea to Turkey and the rest of Europe.

Sergei Lavrov said Friday the pipeline — which could include Greece, Macedonia, Serbia and Hungary — would bring "energy stability" to Europe.

Oil

US industrial output falls for 5th month on lower drilling

WASHINGTON (AP) — A plunge in energy-related drilling and sluggish manufacturing sent U.S. industrial output down for a fifth straight month in April.

Overall industrial production slid 0.3 percent in April after a drop of the same size in March, the Federal Reserve said Friday. The figures suggest that weakness in manufacturing and mining is weighing heavily on the economy.

Oil

US oil and natural gas rig count drops by 6 to 888

HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by six this week to 888.

Houston-based Baker Hughes said Friday that 660 rigs were seeking oil and 223 explored for natural gas. Five were listed as miscellaneous. A year ago, 1,861 rigs were active.

Plastics industry revives with help from cheap natural gas

Source: 
FuelFix

Cheap and plentiful natural gas, the product of the shale drilling boom, has helped the U.S. plastics industry out of the doldrums, FuelFix reports.

NY releases fracking environmental review

Source: 
Times Union

In a significant step on the way to making its ban on hydraulic fracturing legally binding, New York has released its 2,040 page environmental review of the drilling practice, the Times Union reports.

Williams Partners to be absorbed by parent Williams Cos.

Source: 
The Wall Street Journal

In a $13.8 billion all-stock deal, Williams Cos. is completely taking over its Williams Partners subsidiary, The Wall Street Journal reports.

DOE approves broader Cheniere LNG exports

The Energy Department on Tuesday issued a final authorization for Cheniere Energy to export liquefied natural gas from a Texas facility to countries without a Free Trade Agreement with the U.S.

The authorization will allow the company to ship up to 2.1 billion standard cubic feet per day over 20 years from its Corpus Christi Liquefaction Project, after DOE concluded that the exports wouldn't be “inconsistent with the public interest,” and are "likely to yield net economic benefits to the United States."

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