Magnolia LNG LLC has filed with the U.S. Department of Energy (DOE) for additional export approvals for its proposed liquefied natural gas (LNG) export project in Lake Charles, LA.
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API Poll: Virginia Voters Favor Offshore Drilling
Sixty-seven percent of surveyed voters in Virginia said they support drilling for oil and natural gas resources off of their coast, according to a new poll conducted by Harris Interactive for the American Petroleum Institute (API).
Can Oregon Support Two LNG Export Terminals?
British Columbia has multiple liquefied natural gas (LNG) export facilities being proposed for Canada’s west coast, and supporters believe that several might make the cut, but the two proposed export projects on the drawing board in Oregon are drawing questions, with some wondering if even one can become reality.
U.S. Pipelines Spurn Latest Pemex RFP
The two North American pipelines with substantial stakes in Mexico have passed up the latest bidding solicitation by Petroleos Mexicanos (Pemex), which has been looking for potential builders for a $1.8 billion natural gas pipeline, considered the biggest now ongoing in the country.
Natgas Called Safe Bet for North America Power Generation
Natural gas will continue to grow in popularity as a source fuel for power generation in North America, but it still faces obstacles to catching on in other parts of the world, in large part because of disparate gas prices, according to a report by the World Energy Council (WEC).
Cash Heads North, Futures South; Traders Mull EIA-Less Thursday
Physical gas for Thursday delivery gained overall on average 3 cents in Wednesday’s trading. Gains were widespread, with Gulf points solidly in the black, although Midcontinent constraints prompted lower prices at some Midcontinent pipelines. Major market hubs for the most part were within a few cents of unchanged.
Midwest, California Strong; Futures Back Off Four-Month High
Natural gas prices on Tuesday added 6 cents on average for Wednesday deliveries as gains were widespread with only a handful of points slipping into the loss column. The Midwest and California were particularly firm, but most Northeast and East points posted solid gains as well. At the close of futures trading, November had eased 3.0 cents to $3.790 and December was down by 3.1 cents to $3.935. November crude oil fell $1.20 to $101.21/bbl.
Appeals Court: Landowners Did Not Prove Drillers Negligent
A decision last year by the U.S. District Court for the Southern District of West Virginia has been upheld by an appeals court that landowners had not proven property damage or physical harm resulted from drilling and hydraulic fracturing (fracking) on their land in Jackson County, WV.
Takeaway Infrastructure Catching Up in Bakken, Kodiak CEO Says
Transportation of rapidly rising oil production in the Bakken Shale play is no longer a problem as both rail and pipeline shippers have excess capacity, according to the CEO of Kodiak Oil & Gas Corp., which sells its growing production at the wellhead. It holds no capacity for either rail or pipe shipments.
Robert Vagt Stepping Down as Heinz Endowments President
In a possible sign that the Heinz Endowments is shifting away from support for hydraulic fracturing (fracking), Robert Vagt announced Monday that he is stepping down as president of the Pittsburgh-based philanthropic organization.