Huge

The continuing La Nina event in the equatorial Pacific Ocean will bring above-normal temperatures to a huge area stretching from the Rocky Mountains to the Mid-Atlantic over the next three months, but it is less clear how it will affect winter temperatures in the Northeast, according to forecasters at the National Oceanic and Atmospheric Administration (NOAA).

National Oilwell Varco Inc. (NOV), one of the biggest equipment manufacturers in the oilfield services industry, last week reported a huge jump in its backlog for rig equipment orders in North America.

All the indicators are that the natural gas industry is headed into a huge oversupply, fueled by flat demand and continued gigantic growth in shale gas. Speakers touched on a developing supply bubble in different ways during the opening day Tuesday of the “LDC Forum: Rockies and the West” conference in Los Angeles, noting that it will require some creative marketing to pump up demand.

The Marcellus Shale is a lot to handle with its huge gas bounty, projected economic expansion, and attendant development issues, which can pit the energy industry, landowners, residents, politicians and others against one another. To smooth the path to Marcellus development in Pennsylvania, Penn State has formed the Marcellus Center for Outreach and Research (MCOR).

The Marcellus Shale is a lot to handle with its huge gas bounty, projected economic expansion, and attendant development issues, which can pit the energy industry, landowners, residents, politicians and others against one another. To smooth the path to Marcellus development in Pennsylvania, Penn State has formed the Marcellus Center for Outreach and Research (MCOR).

The Marcellus Shale could be a job-creation and economic development machine if natural gas producers are allowed to develop the huge play under appropriate regulatory and tax conditions, according to a new industry-backed study.

The Marcellus Shale could be a job-creation and economic development machine if natural gas producers are allowed to develop the huge play under appropriate regulatory and tax conditions, according to a new industry-backed study.

More than 242,000 acres in the Vermillion Basin region of northwestern Colorado, considered to hold huge amounts of natural gas, would be off limits to drillers under a proposed Resource Management Plan (RMP), the U.S. Bureau of Land Management (BLM) said last week.

Producers worldwide will continue to pursue deepwater drilling for natural gas and oil because the world will need a huge amount of fossil fuels for decades to come, Royal Dutch Shell plc CEO Peter Voser said last month in Cape Town, South Africa.