Energy commodity prices aren’t cooperating in any arena at the moment, but ConocoPhillips is confident that diverting its natural gas rigs to more liquids targets in North America is the right path forward, CEO Ryan Lance said last week.
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ConocoPhillips to ‘Starve’ Dry Gas Drilling, Says CEO
Energy commodity prices aren’t cooperating in any arena at the moment, but ConocoPhillips is confident that diverting its natural gas rigs to more liquids targets in North America is the right path forward, CEO Ryan Lance said Wednesday.
Statoil $157.1M Offer Tops Bids in Central GOM Auction
Statoil Gulf of Mexico LLC topped all bidders for all of the acreage offered on Wednesday in the first Central Gulf of Mexico (GOM) lease sale since the Macondo well blowout with an offer of $157.1 million for a deepwater block in Mississippi Canyon (MC), the highest for any GOM prospect in 30 years.
IHS CERAWeek: LNG Changes ‘Startling’
The global liquefied natural gas (LNG) arena offers plenty to watch: Growing supplies in Australia coupled with growing demand from traditional and emerging Asian markets, for instance. But “one of the most startling developments” is what is happening in North America, Vinson & Elkins energy lawyer Jay Cuclis told a Houston audience last week.
IHS CERAWeek: LNG: It’s Still Here, But Different
The global liquefied natural gas (LNG) arena offers plenty to watch: Growing supplies in Australia coupled with growing demand from traditional and emerging Asian markets, for instance. But “one of the most startling developments” is what is happening in North America, Vinson & Elkins energy lawyer Jay Cuclis told a Houston audience Wednesday.
San Bruno Seeks ‘Global Settlement’ With PG&E
After confidential negotiations broke down this week, spilling into the public arena Wednesday, the City of San Bruno, CA, has asked state regulators to help them reach a “global settlement” with Pacific Gas and Electric Co. (PG&E) over a deadly pipeline explosion in September 2010.
Hanger: Marcellus Growth Prompted Changes at DEP
Energy regulators must operate independently of both industry and environmental groups, led only by facts and the rule of law, said Pennsylvania Department of Environmental Protection (DEP) Secretary John Hanger, who leaves office this month after a tenure of more than two years during which activity in the state’s Marcellus Shale mushroomed.
Analysts: Price Wasn’t Only Factor in Coal-Gas Fuel Switching
Coal took something of a beating from natural gas in the power generation arena this year, but coal’s displacement by gas wasn’t strictly due to exceptionally low gas prices, according to analysts at Barclays Capital. Coal producers can curse cheap gas if they want, but other factors were at play, too.
Natural Gas Trading Weathers Financial Storm
While the troubles that have swept across global financial markets have added new pressures to the natural gas trading arena, some of the market reformation measures that followed the implosion of Enron Corp. and other large marketers in 2001 have enabled the natural gas market to withstand major disruptions and continue on a relatively smooth course.
Natural Gas Trading Weathers Financial Storm
While the troubles that have swept across global financial markets have added new pressures to the natural gas trading arena, some of the market reformation measures that followed the implosion of Enron and other large marketers in 2001 have enabled the natural gas market to withstand major disruptions and continue on a relatively smooth course.