Away

An abundance of shale natural gas reserves in China could one day cause the country to turn away from pipeline imports and liquefied natural gas (LNG), suggested analysts at Barclays Capital. But China must unlock the secrets of its shales and develop infrastructure to move the gas produced, both of which will delay any shale revolution in the People’s Republic.

An abundance of shale natural gas reserves in China could one day cause the country to turn away from pipeline imports and liquefied natural gas (LNG), suggested analysts at Barclays Capital. But China must unlock the secrets of its shales and develop infrastructure to move the gas produced, both of which will delay any shale revolution in the People’s Republic.

With a current shift in its exploration and development (E&P) to oil and away from natural gas, El Paso Corp. CEO Doug Foshee predicted Wednesday that wholesale gas prices will stay low at least into, if not through, 2012, and his national pipeline operator should thrive nevertheless and be ready to take advantage of an uptick when the overall economy begins recovering.

Natural gas futures traders on Wednesday continued to chip away at the downside as the August contract recorded a low of $4.303 before closing the day’s regular session at $4.306, down 4.8 cents from Tuesday’s finish.

Canadian drilling is reviving, but producers are switching targets by turning away from natural gas and concentrating on oil as their prices stay on diverging courses. The new focus for hydraulic fracturing techniques is “tight oil.”

Canadian drilling is reviving, but producers are switching targets by turning away from natural gas and concentrating on oil as their prices stay on diverging courses. The new focus for hydraulic fracturing techniques is “tight oil.”

The American Petroleum Institute (API) has hired away an expert in grassroots mobilization from a leading environmental group to help get across the message of the importance of natural gas and oil in generating jobs and contributing to the nation’s economy and security.

The American Petroleum Institute (API) has hired away an expert in grassroots mobilization from a leading environmental group to help get across the message of the importance of natural gas and oil in generating jobs and contributing to the nation’s economy and security.

The American Petroleum Institute (API) has hired away an expert in grassroots mobilization from a leading environmental group to help get across the message of the importance of natural gas and oil in generating jobs and contributing to the nation’s economy and security.