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At least one knowledgeable handicapper in the liquefied natural gas (LNG) export race in the United States thinks one longshot, the Jordan Cove LNG Project along the south-central Oregon coast, may prove to be a big winner.

It was still cold along the East Coast Wednesday, with some cities in Florida having established date-specific records for low temperatures the day before. But forecasts of widespread warming trends either already getting under way or starting Thursday caused prices to plummet by triple digits at quite a few Northeast trading points. Outside the Northeast, the market was close to evenly divided between small gains and small losses.

Warming trends due Thursday in the South along with much of the Midwest and Rockies caused enough diminution of heating load to push prices a few cents lower at a modest majority of points Wednesday. However, forecasts of windy snow showers and lows generally in the 30s kept quotes moving much higher in most of the Northeast, with several citygates again recording dollar-plus advances.

A nonbinding “free vote” to support responsible gas development in the emerging Frederick Brook Shale in New Brunswick passed the Legislative Assembly along party lines Tuesday (Dec. 12), erasing fears that support for shale gas could be cracking among the governing Progressive Conservatives.

The shale gas revolution has improved global energy security and has helped a “mature industry be reborn through technology,” ConocoPhillips CEO Jim Mulva said this week in Qatar.

While the Keystone XL pipeline languishes along with plans for increased oil exports to and through the U.S., Canadian oil exporters took a step Thursday towards building new Asian trading relationships by launching reliable tanker deliveries overseas from the Pacific coast of British Columbia.

While the Keystone XL pipeline languishes along with plans for increased oil exports to and through the U.S., Canadian oil exporters took a step Thursday towards building new Asian trading relationships by launching reliable tanker deliveries overseas from the Pacific coast of British Columbia.

Expectations for improved results in California and in its shale plays, along with tightening of its finances, caused Standard & Poor’s Ratings Services (S&P) to increase its ratings and outlook on Houston-based midsize exploration and production (E&P) company, Plains Exploration & Production Co. (PXP), the rating agency announced earlier in November.

FERC Friday approved Empire Pipeline Inc.’s request to begin service on its Tioga County Extension to transport Marcellus Shale production in Pennsylvania to the U.S.-Canadian border.