Cheap

Cheap U.S. natural gas contributed to a decision by European steelmaker Voestalpine AG to site a new plant outside of Corpus Christi, TX.

Continuing its strategy to take advantage of cheap U.S. natural gas and natural gas liquids, The Dow Chemical Co. plans to build several specialty material production units for its performance plastics franchise on the U.S. Gulf Coast, the company said last week. The plan further connects Dow’s U.S. manufacturing operations with cost-advantaged feedstocks available from shale gas.

Continuing its strategy to take advantage of cheap U.S. natural gas and natural gas liquids, The Dow Chemical Co. plans to build several specialty material production units for its performance plastics franchise on the U.S. Gulf Coast, the company said Monday.

Unconventional oil and gas activities and production continued to make their significance felt in mergers and acquisitions (M&A) in the oil and gas sector last year, with much of the new domestic investment coming from foreign companies, according to Deloitte.

Cabot Oil & Gas Corp. late Tuesday said for the first time in its history the Marcellus Shale operations surpassed 1 Bcf/d gross of natural gas production, primarily because of new wells and additional infrastructure.

The Democrats’ national energy platform is heavy on clean energy, but it leaves the door open for the safe and responsible development of the nation’s “cheap, abundant natural gas” reserves.

Two potential beneficiaries of relatively cheap North American natural gas supplies, Japan and India, reportedly both have been urging the Obama administration to open liquefied natural gas (LNG) exports as soon as possible, according to the project manager for one of the export terminal proposals.

Trends that surfaced last year indicate “a continued preference for crude oil and liquids-rich gas development over dry gas options,” and are likely to reduce — and possibly reverse — recent domestic dry gas production growth rates, according to a new report from Pace Global.

Cheap natural gas might be weighing on producers but it’s been a boon for consumers and economic development, according to a study by the American Gas Association (AGA) that says consumers have saved $250 billion over the last three years.