More than two years into the aftermath of the San Bruno natural gas transmission pipeline rupture and explosion, PG&E Corp. senior executives said Thursday the company is still feeling the aftershocks on its bottom line. They reported a loss for 4Q2012 due to gas pipeline-related issues.
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Wyoming Lowers Bar for Oil/Gas Supervisor
Wyoming Gov. Matt Mead on Wednesday signed a new law changing the requirements for the state’s oil and natural gas supervisor, a post that has been vacant since June. Senate Enrolled Act 3 changes the criteria for the top oil/gas spot in the Wyoming Oil and Gas Conservation Commission (OGCC).
Newfield Narrowing Focus to U.S. Unconventional Liquids
Newfield Exploration Co. is considering the sale of its international assets, which consist of offshore oil and natural gas developments in Malaysia and China, the company said.
Eagle Ford Also a Tax Money Gusher, Texas Lawmakers Told
Texas lawmakers on Wednesday gained some insight into where an increasing amount of money in the Lone Star State comes from: the Eagle Ford Shale oil and gas patch. The state is producing more oil than it has in the last 25 years, thanks in large part to the unconventional play in South Texas.
Suncor’s Oilsands Face Stiff Competition from U.S. Oil Shale
Suncor Energy Inc. is writing off $1.5 billion of the investment in the centerpiece of its $20.6 billion oilsands expansion, the Voyageur Upgrader, which would turn heavy bitumen into light oil, in part because of stunning production growth in U.S. oil shales.
Constitution to Propose Revised Primary Route for Marcellus Pipeline
Constitution Pipeline Co. has finalized the route it will propose for a Marcellus Pipeline in a certification application it expects to file with FERC this spring, the company said in a project update newsletter sent to landowners and other stakeholders.
Shell Clinches Shale Gas Agreement in Ukraine
Royal Dutch Shell plc has clinched a production sharing agreement in Ukraine to explore shale gas deposits in the Yuzivske gas field, which may evolve into the “largest investment in Ukrainian history,” according to the nation’s energy minister.
IGS Eyes CNG Fueling Corridor in West Virginia
Government and industry officials are cheering plans for a compressed natural gas (CNG) fueling corridor stretching from Pennsylvania into West Virginia along Route 79. It will support the Marcellus shale gas-inspired initiatives for converting hundreds of vehicles to operate on natural gas.
UGI, Tenaska to Develop Marcellus Gathering System
UGI Corp. has entered into agreements with Tenaska affiliate Tenaska Resources LLC to jointly develop natural gas resources in the Marcellus Shale in north-central Pennsylvania, the company said Monday.
Canada Oilsands Industry in Need of New Markets
A glut of light oil supplies from tight oil fields into the Midwest has depressed regional prices, making it imperative for Canada’s oilsands producers to find alternative markets for their product, consultancy IHS CERA said in a Jan. 14 report.