Dark

Three weeks after the launch of the Center for Sustainable Shale Development (CSSD) and its proposed certification process, many oil and natural gas producers are in the dark about the initiative and taking a “wait and see” approach to participating.

For drillers of any stripe it’s looking dark until the second half of 2014, energy analysts with Raymond James & Associates Inc. said last week. A “meaningful rebound” isn’t likely until the second half of 2014 and through 2015, they wrote in a note to clients.

For drillers of any stripe it’s looking dark until the second half of 2014, energy analysts with Raymond James & Associates Inc. said Monday. A “meaningful rebound” isn’t likely until the second half of 2014 and through 2015, they wrote in a note to clients.

A fountain of gas and oilfield fluid that left a dark streak on a central Alberta snowbank has prompted provincial authorities to warn industry against staining its record with hydraulic fracturing (fracking) technology imported from the United States.

After two days of being in the dark, power was restored to the Washington, DC, headquarters of FERC, allowing it to reopen its doors Friday, the agency said.

Michiganians won’t freeze in the dark this winter, and they’ll be sitting on fatter wallets thanks to lower gas prices, according to the latest annual “Michigan Energy Appraisal: Winter 2010-2011,” released by the Michigan Public Service Commission (MPSC).

With global insurance provider American International Group (AIG) continuing to cast a dark shadow over Wall Street, Standard & Poor’s Ratings Services (S&P) Thursday said it was changing the outlook on two major Southern California-based municipal utility natural gas 20-year prepay deals in which AIG has a key role in underpinning more than $1 billion worth of bonds.

A dark horse in the race for siting a liquefied natural gas (LNG) terminal along the U.S. West Coast, NorthernStar Natural Gas, Inc., a U.S.-owned and managed privately held company created specifically to site LNG facilities, announced Monday it has completed a $100 million private offering of convertible notes to qualified institutional buyers.

Despite the dark shadow of a multi-billion-dollar, class-action lawsuit, alleging wholesale natural gas price manipulation, set for trial, San Diego-based Sempra Energy found plenty of reason to celebrate last week. The company negotiated a 15-year, $1.4 billion agreement to deliver to Mexico’s federal power agency a large portion of the liquefied natural gas (LNG) supplies that will arrive at its proposed North Baja receiving terminal.