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Pressure pumping services in North American unconventional basins appear to be on the cusp of oversupply, Schlumberger Ltd. executives said Friday.

Shale gas prospects in British Columbia (BC) appear to be the sole “bright spot” on a darkening natural gas landscape projecting a continuing decline in Canada’s overall gas production in the years ahead, according to a report recently released by the Conference Board of Canada.

The first hurricane of 2011 does not appear to be headed for the Gulf of Mexico, but the U.S. East Coast could be in for a tough week as the storm intensifies and moves north, tropical forecasters said Monday.

Summer doldrums appear to be settling into the cash market. Hot temperatures continued to pervade the national forecast Wednesday, keeping most points afloat with small gains. A short-lived heat spurt in the Northeast was already in retreat, resulting in some double-digit losses at regional citygates, and some Rockies/California points were slightly softer as well.

Although the odds for a Lower 48 gasline originating in Alaska’s North Slope appear to be waning, the state has choices to consider for serving the needs of consumers in the interior and Southcentral regions of the state.

The cost to build major natural gas pipelines is rising, particularly in the Marcellus Shale, according to a new report.

The cost to build major natural gas pipelines is rising, particularly in the Marcellus Shale, according to a new report.

The City of Morgantown, WV, and Northeast Natural Energy (NNE) appear to be on a collision course, with the city preparing to pass an ordinance Tuesday night that would ban hydraulic fracturing (hydrofracking), and the company in turn vowing to sue the city if it tries to interfere with its two wells.

Two former federal regulators appear confident that Congress will pass energy legislation this year, even though the 2012 election season is fast approaching — a time when most lawmakers shy away from contentious energy matters.