The impact of U.S. exports of liquefied natural gas (LNG) on global gas markets would be more significant than what would be felt at home, a new analysis by Deloitte found. World gas prices would decline further than domestic prices would rise, and U.S. exports could hasten a migration away from oil-indexed gas contracts, the firm said.
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The American Petroleum Institute (API) launched a television and print ad campaign on Wednesday in Washington, DC, and in several states to drive home the importance of a favorable tax code in developing domestic domestic oil and natural gas and creating jobs.
Altoona, IA, will be home to the state’s first liquefied natural gas (LNG) fueling stop for long-haul trucks and other vehicles operating on LNG, following recent approval of a site plan by city officials.
Oklahoma regulators on Monday approved rebates of up to $2,500 for natural gas vehicles (NGV) and home fueling equipment providing compressed natural gas (CNG). Rebates will be offered by ONEOK’s Oklahoma Natural Gas Co. (ONG) utility, and all residents of the state are eligible for the program.
For Apache Corp., whose drilling operations ramped up in 1955 in the Cushing field of Oklahoma, home is now the sweetest place to be, CEO Steve Farris said Thursday.
Vermont Gov. Peter Shumlin signed a bill that calls for a ban on hydraulic fracturing (fracking) on Wednesday, a largely symbolic gesture but one that makes the Green Mountain State the first in the nation to outlaw the practice.
Texas could lose an estimated $4.4 billion in revenue from oil and gas sales taxes, depending on how a district court judge tailors his ruling on exempting oil and gas companies from paying the state sales taxes on extraction equipment.
Some of the growing gas supply coming out of the Marcellus Shale could find a home in gas-fired power plants in Georgia, Alabama and Tennessee thanks to a proposal from Spectra Energy Corp. to move gas from the booming shale play to markets southward.