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Post-Shale, LNG Is a Different Game for U.S.

Back when the developers of Freeport LNG were buying liquefied natural gas (LNG) to commission capacity at their regasification facility in Brazoria County, TX, they were buying “$20-plus LNG in a $10 gas market,” Freeport CFO Hugh Urbantke told a Houston audience Tuesday.

December 14, 2011

Oregon Challenges Jordan Cove LNG at FERC

Although the backers already have signaled that they will push back, Oregon Attorney General John Kroger has filed with FERC asking the federal regulators to revoke permits for the Jordan Cove liquefied natural gas (LNG) project at Coos Bay and a related transmission pipeline along the south-central coast of Oregon.

December 8, 2011

Shale Gas Having ‘Profound’ Impact on U.S. Economy, Says Study

Shale natural gas has dramatically transformed the outlook for U.S. energy supplies and is having “profound” economic impacts on creating jobs and stimulating growth, as well as bolstering tax revenue and reducing consumer energy costs, according to a study by IHS Global Insight.

December 7, 2011

No Cold Seen in Key Markets; January Slumps

January natural gas gave back almost all of Tuesday’s 10.8-cent gain as traders see little in the way of near-term weather cold enough in key markets to have a material market impact. At the close January had retreated 8.3 cents to $3.550 and February shed 7.5 cents to $3.578. January crude oil closed over the century mark, posting a gain of 57 cents to $100.36/bbl.

December 1, 2011

Bakken Drilling Not Slowing, S&P Analyst Says

Countering recent reports that drilling activity in the Bakken Shale play in North Dakota was being cut back, an analyst with Standard & Poor’s Ratings Services (S&P) told NGI’s Shale Daily Monday that drilling and production was still “full steam ahead,” although margins may compress some next year.

November 22, 2011

EOG Resources Sharpens Focus on Eagle Ford Oil and Liquids

Natural gas production is continuing to take a back seat to crude oil and natural gas liquids (NGL) production from the Eagle Ford Shale at Houston-based EOG Resources Inc.

November 3, 2011

Correction

In the article “Bison Pipeline is Back and Eyeing Growth” (see NGI, Oct. 17), NGI misquoted Todd Johnson, TransCanada’s marketing director for U.S. Pipelines West, in his remarks regarding the company’s restart of the Bison natural gas pipeline following a rupture in July. For the record, TransCanada provided the following statement: “TransCanada worked closely with the Pipeline Hazardous Materials and Safety Administration (PHMSA) in the aftermath of the incident to identify what actions would need to be taken in order to safely return the pipeline to service at its approved maximum allowable operating pressure. Among other things, TransCanada conducted an inline inspection of the entire length of the pipe and provided the data and analysis to PHMSA. PHMSA worked diligently with the TransCanada team and the information provided and concluded that as of noon Saturday, October 8, Bison could safely lift its force majeure condition and return to full service at its original maximum allowable operating pressure.” NGI regrets the error.

October 24, 2011

Near-Flat Mixed Pricing Mostly a Bit Softer

After gains Monday were followed by losses Tuesday, the cash market got back to somewhat of an even keel Wednesday with price movements that were little changed either up or down in most cases but a little softer in a slight majority of cases. Lows in the 30s and 40s would continue to generate a fair amount of heating demand in the Midwest, Rockies, Western Canada and parts of the South, but the rest of the weather outlook called for moderate to merely chilly.

October 20, 2011

Correction

In the article “Bison Pipeline is Back and Eyeing Growth” (see Daily GPI, Oct. 17), NGI misquoted Todd Johnson, TransCanada’s marketing director for U.S. Pipelines West, in his remarks regarding the company’s restart of the Bison natural gas pipeline following a rupture in July. For the record, TransCanada provided the following statement: “TransCanada worked closely with the Pipeline Hazardous Materials and Safety Administration (PHMSA) in the aftermath of the incident to identify what actions would need to be taken in order to safely return the pipeline to service at its approved maximum allowable operating pressure. Among other things, TransCanada conducted an inline inspection of the entire length of the pipe and provided the data and analysis to PHMSA. PHMSA worked diligently with the TransCanada team and the information provided and concluded that as of noon Saturday, October 8, Bison could safely lift its force majeure condition and return to full service at its original maximum allowable operating pressure.” NGI regrets the error.

October 20, 2011

Long-Delayed Ohio Liquefaction Plant Gets New Life

A coal liquefaction plant that had been strongly opposed in southwestern Ohio has taken on new life after the developer agreed to use natural gas from the nearby Marcellus and Utica shales instead of coal in the production process.

October 19, 2011
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