Natural Gas

Enterprise increases LPG capacity at Houston Ship Channel terminal

Source: 
FuelFix

Enterprise Products Partners says it has enhanced refrigeration at its LPG export terminal in the Houston Ship Channel, which will increase its loading capacity by 1.5 million barrels per month, FuelFix reports.

Webinar on natural gas prices

Washington, April 7, 2015, 2:30 pm

Natural Gas Intelligence to host web event on the potential for natural gas from the Marcellus and Utica shales to replace the Henry Hub as the center of the market.

Williams Partners buys out EV Energy Partners in $575M Utica East deal

Source: 
The Wall Street Journal

Williams Partners LP is picking up a controlling interest in Utica East Ohio Midstream LLC, buying the EV Energy Partners LP share of the company for $575 million, The Wall Street Journal reports.

Oil

Russia, Vietnam reach deal on oil and gas exploration

HANOI, Vietnam (AP) — Russia's Prime Minister Dmitry Medvedev said Monday that Vietnam is close to agreeing a free trade deal with the Russian-led Eurasian Economic Union.

He predicted that Russia's annual trade with Vietnam could increase by fourfold to $10 billion over the next five years. The two sides also agreed to expand oil and gas exploration in the contested South China Sea.

Chesapeake tops report on fracking violators

Source: 
The Hill

Chesapeake Energy had more regulatory violations over fracking than any other driller in the three states analyzed by the Natural Resources Defense Council and FracTracker alliance, The Hill reports.

Big drawdown sends natgas higher

Source: 
FuelFix

A larger-than-expected withdrawal from natural gas storage last week sent futures prices 4 percent higher Thursday, to $2.708 per million British thermal units, FuelFix reports.

Oil

US oil and natural gas rig count drops by 20 to 1,028

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 20 this week to 1,028 amid slumping oil prices.

Houston-based Baker Hughes said Thursday 802 rigs were seeking oil and 222 exploring for natural gas. Four were listed as miscellaneous. A year ago, 1,818 rigs were active.

Exxon’s Hadrian South project in Gulf starts producing oil

Source: 
FuelFix

The Hadrian South project in the Gulf of Mexico has started production, according to Exxon Mobil, which operates the platform that Petrobras and Eni also have an interest in, FuelFix reports.

Warburg sinks $500M into drilling startup

Source: 
Houston Business Journal

New driller Independence Resources Management LLC -- which intends to focus on unconventional shale plays in places like the Anadarko Basin – is getting $500 million in backing from private equity  firm Warburg Pincus, the Houston Business Journal reports.

New firm Pentagon Energy to pick up Wentworth from Morgan Stanley

Source: 
Bloomberg

Morgan Stanley’s Wentworth compressed natural gas business is being sold to Pentagon Energy LLC, a new commodities trading firm based in Florida, Bloomberg reports.

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