Firms

Midcontinent oil and natural gas activity, including in Colorado, Oklahoma and Wyoming, slowed during the second quarter, according to a survey of energy operators by the Federal Reserve Bank of Kansas City.

U.S. oil and natural gas executives saw business activity remarkably improve in Texas, northern Louisiana and southern New Mexico during the second quarter, and most now expect to see higher oil and natural gas prices within a year, the Federal Reserve Bank of Dallas said Wednesday.

Privately backed financial firms have close to $1 trillion ready to deploy into the global oil and natural gas sector, with one-quarter now planning acquisitions by year’s end that mostly target North America and the Asia-Pacific, a survey by Ernst & Young has found.

Backed by Germany’s government, three global firms have begun a three-year project that will attempt to make the greenhouse gas carbon dioxide (CO2) into a useful component of various industrial processes, starting with abundant natural gas supplies as a feedstock.

As an option for fleet operators turned off by high up-front costs of switching off of diesel or gasoline, two firms in the West have come up with a leasing alternative for long-haul liquefied natural gas (LNG)-powered tractor trailers.

Canadian political leaders are refusing to let project delays and shaky markets lower high expectations for rapid development of liquefied natural gas (LNG) exports from shale drilling in northern British Columbia (BC).

A consulting firm’s global market review makes a case for a Canadian open door policy, allowing foreign firms to have an equity share in developing Canadian liquefied natural gas (LNG) export projects and the resources that supply them.

A consulting firm’s global market review makes a case for a Canadian open door policy, allowing foreign firms to have an equity share in developing Canadian liquefied natural gas (LNG) export projects and the resources that supply them.

Federal and state agencies have taken several steps recently to bolster the safety record of firms in the oil and gas patch, first by urging Oklahoma exploration and production companies to participate in a temporary work stoppage to address safety and health issues, and second by issuing a nationwide hazard alert related to hydraulic fracturing (fracking).