Small pipeline projects intended to achieve big increases in Canadian imports of shale gas from the United States were launched last Tuesday in Ontario by Union Gas Ltd. and Enbridge Gas Distribution Inc.
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Small pipeline projects intended to achieve big increases in Canadian imports of shale gas from the United States were launched Tuesday in Ontario by Union Gas Ltd. and Enbridge Gas Distribution Inc.
Robust output from the nation’s shale plays and relatively mild winter weather continue to force analysts to trim their natural gas price forecasts, with Bentek Energy LLC on Tuesday saying it expects the market to set a new price floor of $1.94/Mcf this September.
Utah is looking for fewer roadblocks from the U.S. government to allow it to achieve its own brand of “energy independence,” Gov. Gary Herbert said Wednesday night in his state of the state address emphasizing his state’s growing economy, which has lowered unemployment to 6%.
Joint ventures (JV) in its domestic natural gas division helped Consol Energy Inc. to achieve record fourth quarter profits, but it said Thursday sustained low gas prices will require scaling back spending and drilling plans in 2012.
Even with heating load staying generally on the light side and weaker prior-day futures, cash prices managed to achieve modest increases at nearly all points Tuesday. It was among other market vagaries in which price moves seemed to be at odds with demand realities.
Apache Corp. CEO Steve Farris last week credited the company’s portfolio and employees for helping achieve record oil-equivalent production and the third-highest quarter for earnings during 1Q2011, and he predicted that exploration would grow in Oklahoma and Texas.
Quicksilver Resources Inc., which was one of the early entrants into the Horn River Basin of British Columbia (BC), has launched plans to create a midstream natural gas entity to support its 130,000 net-acre project.
Billionaire Carl Icahn, known for investing in what he considers underperforming companies and helping them to achieve a better value, has become Chesapeake Energy Corp.’s second-largest shareholder, according to a filing with the Securities and Exchange Commission (SEC).
The recently announced sales of its assets in a joint venture (JV) trading operation helped Sempra Energy to achieve one of its key goals for 2010 — exiting the commodities trading business — and the jettisoning of the money-losing segment, along with $1.8-1.9 billion in proceeds that the San Diego-based company expects from the sale, foreshadow brighter days ahead, according to CEO Donald Felsinger.