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Competition for labor, coupled with rising costs for steel and consumables, should keep operating costs for natural gas and oil projects moving higher in 2011, according to new research by industry consultant IHS.

Competition for labor, coupled with rising costs for steel and consumables, should keep operating costs for natural gas and oil projects moving higher in 2011, according to new research by industry consultant IHS.

With a wee bit of help from prior-day screen firmness, gradually growing demand for power generation gas supplies to keep air conditioners running caused most cash market locations to realize substantive increases Tuesday. Even though odds of a Bay of Campeche low-pressure area becoming a named tropical storm didn’t get raised to 90% until well into the afternoon, just the chance of that happening so early in hurricane season may have been a modestly bullish factor to some traders.

Natural gas demand is expected to lag behind available gas supplies during the summer months, which will likely keep gas prices at a stable level during the period, according to the “Summer Outlook” issued by the Natural Gas Supply Association of America (NGSA) last Wednesday.

Natural gas demand is expected to lag behind available gas supplies during the upcoming months, which will keep gas prices at a stable level this summer, according to the “Summer Outlook” issued by the Natural Gas Supply Association of America (NGSA).

A Wood Mackenzie natural gas analyst told the electric generation sector to keep a close eye on developments in the wholesale gas market, particularly noting how fast demand picks up for North American supplies.

As the oil and natural gas industry continues to lobby to keep its drilling subsidies, the American Petroleum Institute (API) has released a new study to show how the industry’s nationwide workforce positively impacts the United States by creating jobs and wages.

The operators of two natural gas drilling waste disposal wells in Arkansas have agreed with regulators to keep the wells shut in while an ongoing study of their potential link to seismic activity in the area continues (see Shale Daily, March 17).

Limited demand for natural gas could keep 9 Bcf/d of production from shale plays off the market over the next four years, a Bentek Energy LLC executive told an audience in Pittsburgh last Tuesday.