Benefit

The Addison Natural Gas Project (ANGP), a Vermont Gas proposal to add a 41-mile extension to its natural gas system in western Vermont, “will benefit the region” and Middlebury College “in numerous ways for years to come,” Middlebury President Ron Liebowitz said recently, despite requests from one prominent faculty member that the college publicly oppose the pipeline.

Gastar Exploration Ltd. plans to suspend its Marcellus Shale capital program “for a short period” during the second half of the year while it monitors production results and allows time for constraints in midstream services to be worked out, CEO Russ Porter said Tuesday.

A lengthy review of outgoing Chesapeake Energy Corp. CEO Aubrey McClendon’s controversial financing transactions “did not reveal any improper benefit” to him “or increased cost to the company as a result of the overlap in financial relationships,” the board of directors announced Wednesday.

Chesapeake Energy Corp. CEO Aubrey McClendon’s controversial financing transactions “did not reveal any improper benefit” to him nor did they increases costs to the company “as a result of the overlap in financial relationships,” the board of directors said Wednesday.

Houston-based Spectra Energy Corp. said Tuesday it has secured one of the three major pipeline systems that move western Canadian crude oil to refineries in the Rockies and Midwest, agreeing to purchase the entire ownership interest in the 1,717-mile Express-Platte Pipeline System. The deal is expected to close in the first half of 2013.

The re-emerging Mississippian Lime may be cheaper to drill than in some deeper formations, but an abundance of produced water has created a flood of innovative solutions by some operators.

As power generators turn increasingly from coal to natural gas, it’s not just gas producers that benefit. Pipelines get a lift, too.

As power generators turn increasingly from coal to natural gas, it’s not just gas producers that benefit. Pipelines get a lift, too.

The shale natural gas market in North America is helping to revamp the U.S. chemicals industry and may benefit a variety of other manufacturing sectors through lower costs for raw materials and energy, according to a report issued last week by PwC US.