Banks

Last year was one of the best years for bank participation in financing of liquefied natural gas projects around the world, according to…

Last year was one of the best years for bank participation in financing of liquefied natural gas (LNG) projects around the world, according to a new report from LNG specialists Poten & Partners. Lending volume was bolstered substantially by backing for U.S.-based projects, Poten said.

A $1.1 trillion omnibus spending plan that would fund the federal government through the middle of 2015 — which was approved by the House late Thursday and expected to be approved by the Senate Saturday — includes a provision revising a key portion of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

“If counterparties, such as banks…begin to disappear, our ability to manage our risk would be seriously impeded,” energy companies told Federal Reserve Chairman Ben Bernanke.

Cobalt International Energy Inc. said Wednesday it has made a “significant” discovery in the deepwater Gulf of Mexico (GOM) at the North Platte prospect on Garden Banks Block 959.

Due to a possible leak, ANR has shut in the offshore Garden Banks 426 receipt point until further notice.

Two small earthquakes in northwest England that occurred earlier this year at some natural gas drilling sites likely were caused by hydraulic fracturing (fracking), according to a report issued on Wednesday by UK-based Cuadrilla Resources Ltd.

Willie Sutton robbed banks because that’s where the money was. Today, he’d probably major in petroleum engineering — at least if he could hack the curriculum — because that’s where the money is now.

Willie Sutton robbed banks because that’s where the money was. Today, he’d probably major in petroleum engineering — at least if he could hack the curriculum — because that’s where the money is now.