Industries

New England’s Growing Gas Use Brings Risks, ISO-NE Says

New England must acknowledge the significant role that the natural gas transmission system plays in its electricity system, and the gas and electric industries “must make adjustments to ensure the reliability of both systems and the efficiency of both markets,” according to a draft white paper recently completed by independent grid operator ISO New England (ISO-NE).

August 10, 2012

Nabors Jabbed by One-Two Punch from Pressure Pumping, Costs

Nabors Industries Ltd., North America’s largest onshore drilling contractor, said last week operating results in the second quarter will fall below Wall Street expectations, primarily because of a slump in pressure pumping services and higher operations costs. To improve efficiencies, the company plans to consolidate its U.S. well servicing and pressure pumping operations.

July 23, 2012

Nabors: One-Two Punch from Pressure Pumping, Costs Hurt 2Q

Nabors Industries Ltd., North America’s largest onshore drilling contractor, expects operating results in the second quarter to fall below Wall Street expectations, primarily because of a slump in pressure pumping services and higher operations costs. To improve efficiencies, the company plans to consolidate its U.S. well servicing and pressure pumping operations.

July 18, 2012

NGV Effort Never Stronger, AGL Exec Says

The shale-revitalized North American natural gas industry is coming together with the automobile/transportation industries in an effort to forge a robust natural gas vehicle (NGV) sector that will prosper long term, according to Kevin McCrackin, vice president for utility markets at AGL Resources’ seven-utility group.

June 8, 2012

Hear Them Roar: Nabors Shareholders OK Power to Oust Board Members

Nabors Industries Ltd. shareholders apparently scored an industry first on Tuesday, approving a nonbinding resolution giving them power to oust members of the drilling contractor’s board of directors. The proxy access resolution is said to be the first successfully passed by shareholders of a major company.

June 6, 2012

Natural Gas-Derived Liquids Eyed for Transportation Fuel Use

While normally associated with the chemicals and petrochemical industries, a number of small, niche players want to take liquids derived from natural gas and compete in the alternative transportation fuels space. The reinvigorated natural gas transportation fuel buzz has brought back methanol, introduced dimethyl ether (DME) and found potential room for bio-based fuels from natural gas.

May 18, 2012

Shale Could Add 250,000 Jobs in Pennsylvania

Shale development could realistically contribute a 3% annual increase in jobs in Pennsylvania through the remainder of the decade, according to research from Wells Fargo Securities LLC.

March 29, 2012

Haynesville Drilling Dries Up, Says Nabors

Thirty-two of the dry natural gas rigs operated by Nabors Industries Ltd. in the Haynesville Shale have been redeployed to liquids areas “and we expect more of the remaining 26 to be diverted” soon, CEO Tony Petrello said last week.

February 27, 2012

Most Dry Gas Rigs Moved Out of Haynesville, Says Nabors

Thirty-two of the dry natural gas rigs operated by Nabors Industries Ltd. in the Haynesville Shale have been redeployed to liquids areas “and we expect more of the remaining 26 to be diverted” soon, CEO Tony Petrello said late Tuesday.

February 23, 2012

Haynesville Gas Drilling Dries Up, Says Nabors

Thirty-two of the dry natural gas rigs operated by Nabors Industries Ltd. in the Haynesville Shale have been redeployed to liquids areas “and we expect more of the remaining 26 to be diverted” soon, CEO Tony Petrello said late Tuesday.

February 23, 2012