Away

The electric power generation sector’s turn away from coal and toward natural gas is likely to be a gradual one over the next decade, according to a report from Moody’s Investors Service.

The Environment Protection Agency (EPA) said it would “review and consider” an industry report’s claims that the agency has significantly overestimated methane emissions from natural gas well operations, particularly from unconventional wells using hydraulic fracturing. It contends, however, that its emissions estimates are based on the best data available.

With six weeks of discouraging news trailing behind it, Chesapeake Energy Corp. managed to get away for the three-day Memorial Day weekend with things looking a tad brighter — in some corners, perhaps. The stock price got a gentle nudge on the news that activist shareholder Carl Icahn is now one of the biggest shareholders, and some analysts now think that the stock price may have hit a bottom.

With the official opening of the Atlantic hurricane season less than two weeks away — and the remains of Tropical Cyclone Alberto, the first named storm of the year, dissipating several hundred miles off the Mid-Atlantic coast — forecasters at Weather Services International (WSI) said Tuesday that they continue to expect a relatively quiet hurricane season this year.

Speaking at the City Club of Cleveland last Friday, the head of the American Petroleum Institute (API) said the state of Ohio is experiencing an energy “rebirth” as a result of the surge in shale gas development and that it could be a game changer for jobs and economic growth in the state.

Skepticism of conventional wisdom is rarely out of place, particularly in the energy patch. But when the oil and gas industry is dealing with consumers, citizens and landowners, sincerity is the order of the day.

The promised re-application of a newly split two-part Keystone XL oil pipeline project to the U.S. State Department is still six to eight weeks away, a Calgary, Alberta-based spokesperson for TransCanada Corp. told NGI’s Shale Daily.

Hopeful that it is seeing the final months of a moratorium on high-volume hydraulic fracturing (HVHF) tick away in New York, Norse Energy Corp. ASA — a company that, like many others, has suffered through years of uncertainty at the hands of the delay — is positioning itself to hit the ground running in the Marcellus and Utica shales.

Hopeful that it is seeing the final months of a moratorium on high-volume hydraulic fracturing (HVHF) tick away in New York, Norse Energy Corp. ASA — a company that, like many others, has suffered through years of uncertainty at the hands of the delay — is positioning itself to hit the ground running in the Marcellus and Utica shales.