Changing

Oilfield services provider Baker Hughes Inc. said Wednesday “rapidly changing market conditions,” primarily in the pressure pumping business in North America as drillers move rigs out of natural gas fields, likely will impact profits in the first quarter.

Will ethane production from shale plays in Appalachia support all of the ethane projects proposed for the region?

Changing water temperatures in both the South Pacific and North Atlantic oceans could produce a relatively tame 2012 Atlantic hurricane season, according to forecasters at Andover, MA-based WSI. Corp.

Columbia Gas, which had declared Critical Days for storage Saturday through Monday, said changing operational conditions allowed it to end the Critical Day status effective with intraday nominations for Monday.

At least one of the two still-active proposed liquefied natural gas (LNG) receiving terminal projects in Oregon is exploring the possibility of changing its plans to include an export facility. The backers of Jordan Cove LNG at Coos Bay, OR, also recently purchased a 200-acre site at its designated location along the state’s south-central Pacific Coast.

Citing reports that Jordan Cove LNG is considering changing its project to a liquefied natural gas (LNG) export facility, the Western Environmental Law Center (WELC) has called on FERC to conduct a supplemental environmental review of the project or else terminate it.

The Colorado Petroleum Association (CPA) is changing its strategy to seek permission for operators to bury plastic liners used in wastewater pits at drilling sites.

Technological advances in unconventional natural gas production and transportation, coupled with a growing liquefied natural gas (LNG) trade, are changing market assumptions around the world, according to a report by IHS Cambridge Energy Research Associates (IHS CERA) and the World Economic Forum (WEF).

The growing abundance of shale gas and liquids production is leading to a “paradigm shift” in the global oilfield services industry that should lead to business growth over the next two years, especially in the U.S. land market, FBR Capital analysts said in a new report.