Deeply

The North American shale revolution “is now deeply entrenched,” and is expected to keep natural gas prices at “historically low prices for some time,” creating both long-term benefits and hardships for a variety of sectors and companies, according to a report issued by Moody’s Investor Services on Monday.

The North American shale revolution “is now deeply entrenched,” and is expected to keep natural gas prices at “historically low prices for some time,” creating both long-term benefits and hardships for a variety of sectors and companies, according to a report issued by Moody’s Investor Services on Monday.

A majority of states, including many deeply involved in shale development, are not preparing for the ways a changing climate might impact future water supplies, according to a new report from the National Resources Defense Council (NRDC).

Arthur Brisbane, who acts as the “readers’ representative,” wrote an opinion piece in the Sunday Times following accusations by critics that the newspaper and reporter Ian Urbina had used “fear mongering” to criticize the industry, comparing it to a “Ponzi” scheme with a future like Enron Corp. or the dot-com bubble (see Shale Daily, June 28). Brisbane researched the methods used by the reporter and editors and followed up with his commentary.

April natural gas futures staged a sharp rally Friday as traders noted deeply oversold conditions that were ripe for a short-covering rally. In the words of one trader it was “bound” to happen. At the end of the day April had risen 13.3 cents to $4.005 and May had gained 13.3 cents as well to $4.073. April crude oil tacked on 60 cents to $97.88/bbl.

A U.S. subsidiary of Calgary-based Talisman Energy Inc. has been fined by Pennsylvania regulators for a large diesel fuel spill that occurred last year at a Marcellus Shale natural gas well pad.

The global financial crisis is affecting FERC-related projects and programs, but how deeply it may impact the sector in 2009 is still unknown, said FERC Commissioner Philip Moeller, adding that the impact on renewables is already pronounced.

The global financial crisis is affecting FERC-related projects and programs, but how deeply it may impact the sector in 2009 is still unknown, said Commissioner Philip Moeller last week. He added that the impact on renewables is already pronounced.

FERC was careful Thursday not to wade too deeply into the running dispute between Maritimes & Northeast Pipeline LLC and Portland Natural Gas Transmission Co. (PNGTS). However, the agency did grant Maritimes’ request for a declaratory order, which found that an engineering design submitted by Maritimes of a planned expansion of the pipelines’ joint facilities was appropriate.