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Houston-based Baker Hughes Inc. (BHI) on Tuesday said its quarterly earnings rose nearly 7% as North American markets, especially onshore, rebounded from a year ago. The company also is seeing a willingness “like never before” to invest in new technology, the COO said.

Bills that would place a severance tax on natural gas drilling in the Marcellus Shale, raise minimum royalty payments, require full disclosure of the chemicals used in hydraulic fracturing and more could all soon be taken up for consideration by Pennsylvania lawmakers — but the General Assembly’s efforts to close a $1 billion budget gap might push at least some of those bills to a back burner.

Canadian natural gas exporters are off to a weak start on the new international contract year as volumes, prices and revenues continue the trade’s slide in its last 12-month period ending Oct. 31.

Canadian natural gas exporters are off to a weak start on the new international contract year as volumes, prices and revenues continue the trade’s slide in its last 12-month period ending Oct. 31.

Canadian natural gas exporters are off to a weak start on the new international contract year as volumes, prices and revenues continue the trade’s slide in its last 12-month period ending Oct. 31.

With the previous two weeks’ siege of especially cold weather coming to an end in most areas, prices fell at nearly all points Tuesday. The Florida citygate plunged nearly $5 despite Florida Gas Transmission keeping an Overage Alert Day in place. Northeast citygates, which had been averaging above $10 at times last week, were failing to reach the $7 level as they repeated in having most of the largest declines.

The recession, which has hit Michigan especially hard, will drag residential natural gas prices down 12% and statewide demand down 10% this winter, according to an energy appraisal released Friday by the Michigan Public Service Commission (PSC).

The recession, which has hit Michigan especially hard, will drag residential natural gas prices down 12% and statewide demand down 10% this winter, according to an energy appraisal released Friday by the Michigan Public Service Commission (PSC).

The next three months will bring warmer-than-normal temperatures to much of the country and portions of the West may be especially warm, with only the Southeast expected to stay cooler than normal through November, according to a seasonal forecast from WSI Corp. of Andover, MA.