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BP Sharing Rosneft Proceeds with Stockholders

BP plc is taking some of the proceeds from the sale of its half-stake in TNK-BP and repurchasing shares valued at up to $8 billion, the operator said Friday.

March 25, 2013

Marcellus Midstream Cramps Gastar

Gastar Exploration Ltd. plans to suspend its Marcellus Shale capital program “for a short period” during the second half of the year while it monitors production results and allows time for constraints in midstream services to be worked out, CEO Russ Porter said last week.

March 18, 2013

Rosetta Resources Entering Permian With $768M Deal

Rosetta Resources Inc. has agreed to pay Comstock Resources Inc. $768 million for a package of Permian Basin oil and liquids-rich assets, giving it entry into the West Texas basin.

March 18, 2013

Northeast Points Skew Modest Market Gains; Futures Rise Again

The cash market Wednesday staged a broad rally of 15 cents with only a half-dozen points falling into the loss column as Old Man Winter refused to let go even with the first day of spring only a week away.

March 14, 2013

Midstream Issues Cramp Gastar’s Style in the Marcellus

Gastar Exploration Ltd. plans to suspend its Marcellus Shale capital program “for a short period” during the second half of the year while it monitors production results and allows time for constraints in midstream services to be worked out, CEO Russ Porter said Tuesday.

March 14, 2013

U.S. Authorizes Drilling, Pipelines in Alaska National Petroleum Reserve

The Interior Department has finalized plans to lease to natural gas and oil operators nearly 12 million acres — more than half — of the National Petroleum Reserve in Alaska (NPR-A), which would allow, among other things, pipelines to be built to transport offshore Chukchi and Beaufort seas production.

February 25, 2013

U.S. OKs Leasing, Pipelines in AK National Petroleum Reserve

The Interior Department has finalized plans to lease to natural gas and oil operators nearly 12 million acres — more than half — of the National Petroleum Reserve in Alaska (NPR-A), which would allow, among other things, pipelines to be built to transport offshore Chukchi and Beaufort seas production.

February 25, 2013

Potential $500M Drilling Deal for Pittsburgh Airport Approved

In a split decision, the Allegheny County Council voted on Tuesday to accept a deal with Consol Energy Inc. for Marcellus Shale natural gas drilling rights at Pittsburgh International Airport.

February 21, 2013

NGV Truck, Bus Business Speeding Ahead

Nearly half the liquefied natural gas (LNG) fueling stations for natural gas vehicles (NGV) now being developed are in the United States, according to a recent report by Navigant Consulting’s Pike Research unit. Globally there are 117 LNG stations, while compressed natural gas (CNG) stations number more than 20,000.

January 21, 2013

Ethane, Propane Prices Plumbed Five-Year Depths Last Year

Ethane and propane spot prices during the second half of last year were near or below the bottom of their 2006-2010 range due to an overabundance of supply, the U.S. Energy Information Administration (EIA) said Tuesday.

January 16, 2013