A Virginia conservation agency is proposing a set of conditions for the Atlantic Coast Pipeline (ACP) as the project looks to cross several easements under the agency’s watch.
Articles from Conditions
August natural gas is seen opening 3 cents higher Friday morning as traders mull options strategies to cope with a rangebound market. Overnight oil markets rose.
April natural gas is expected to open 5 cents higher Friday morning at $1.84 as analysts see oversold market conditions continuing to unwind along with expected cooler conditions next week. Overnight oil markets rose.
More than 21 million acres offshore Texas, all available unleased areas in the Western Gulf of Mexico (GOM) Planning Area, are to be offered in a federal oil and natural gas lease sale in August.
September natural gas is expected to open 3 cents higher Tuesday morning at $4.00 as traders focus on a gradual lessening of the aggressive storage builds of the last several weeks. Overnight oil markets retreated.
Colorado firefighters Monday afternoon continued to battle a wildfire in the far northwest corner of the state, seeking to keep surrounding ranches and oil and natural production wells out of harm’s way. No cause for the fire has been determined, and industry sources had no information on possible impact on oil/gas operations in the area.
August natural gas is expected to open a penny lower Tuesday morning at $4.14 as traders assess a market likely to continue within recent trading ranges prior to Thursday’s inventory report. Overnight oil markets fell.
The United States could produce 5 million b/d from shale oil deposits by 2017 and may become the world’s largest oil producer — reaching up to 16 million b/d in just a few years by combining shale with conventional oil, liquefied natural gas (LNG) and biofuels, according to a researcher at Harvard Kennedy School.
The 2013 Atlantic Hurricane season is likely to be another active one, but conditions have Weather Services International trimming its forecast, just a bit, to 16 named storms, including nine hurricanes, four of them major (Category 3 or higher), from the previous forecast of 19 named storms, including nine hurricanes, five of them major (see Daily GPI, April 9).