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U.S. oil and natural gas mergers and acquisition activity (M&A) plunged in the second quarter from the first three months of 2012, with divestitures driving activity, according to PwC US.

Spectra Energy Inc. recently struck contracts to underpin three major pipeline projects, moving $3 billion worth of investment opportunities into the execution column, a third brand-new pipeline to serve the Florida market among them.

A heatwave in the Northeast in the middle of July led to regional wholesale gas and power price spikes, as well as near-record gas consumption by Northeast power generators. However, natural gas spot prices averaged $3.62/MMBtu at the Henry Hub during the month, marking a 21-cent decline from June, according to the Energy Information Administration (EIA).

After capturing a healthy and growing share of Canadian natural gas consumption with shale production from the United States, exploration and production companies are poised to repeat the feat in oil markets.

President Obama’s tilt toward accepting the economic opportunities from U.S. natural gas abundance may have been in fits and starts, but the right-leaning oil and gas industry is finding a lot to praise today, industry officials said Wednesday.

Lake Charles Exports LLC (Lake Charles) last Wednesday became the third prospective liquefied natural gas (LNG) terminal tapped by the U.S. Department of Energy (DOE) to export domestic natural gas worldwide, bringing such authorized export volumes to 5.6 Bcf/d.

A cooler-than-normal July for much of the United States led to decreased levels of demand for natural gas and coal to fuel power plants in a trend that is expected to continue for the rest of the summer, according to data collected by Genscape Inc.

A call to action was sounded last Tuesday at the Rocky Mountain Energy Summit for U.S. oil and natural gas operators to take what industry pioneers created and continue reinventing for the future — with the public’s backing.

Natural gas traders haven’t been able to figure out where prices consistently are headed, but some things are becoming clearer: output has remained flat for close to a year. And coal generators have a lot of power in determining where gas prices will be, according to an analysis by Stephen Smith Energy Associates.