Economy

While the debate rages over whether exporting liquefied U.S. natural gas is a good idea, stocks of natural gas liquids (NGL) are so abundant, export of some is viewed as a necessity. And in the United States, more chemical sector demand can’t come fast enough.

The Colorado Oil and Gas Conservation Commission (COGCC) reconvened Thursday in Denver, but was unable to resolve lingering issues and delayed until Feb. 11 finalizing new setback requirements for oil and natural gas wells.

The natural gas vehicle (NGV) sector was one part of the economy that benefited from Congress’ fiscal cliff action on Tuesday, gaining new life from the extension of clean vehicle tax incentives.

After relying on industry voluntary actions regarding drilling setback and water sampling approaches, Colorado regulators are poised to establish new mandatory rules covering exploration and production (E&P) companies.

Sluggish economy and demand have gas market continuing to search for markets, analyst says. read more

Braskem America on Wednesday agreed to take over some of the petrochemical operations at the old Sunoco Marcus Hook Industrial Complex south of Philadelphia with a $56 million infusion and another $15 million in state support that preserves more than 100 jobs and creates at least 28 more.

At the request of the oil and natural gas industry, the Obama administration will extend the public comment period on proposed Bureau of Land Management (BLM) rules governing hydraulic fracturing (fracking).

U.S. businesses and consumers are becoming more frugal about their energy consumption, even as the economy slowly begins to recover, according to a new survey from the Deloitte Center for Energy Solutions.

Pennsylvania Gov. Tom Corbett said development of the Marcellus Shale was “good for the entire state” but conceded that several challenges lay ahead, in part because natural gas prices remain less than $3/Mcf.