Three of the top four natural gas marketers reported volume declines compared with the year-ago period, and 24 leading companies had total sales transactions of 123.44 Bcf/d in 2Q2011, a 3.50 Bcf/d (3%) decrease from the 126.94 Bcf/d they transacted in 2Q2010, according to NGI’s 2Q2011 Top North American Gas Marketers Ranking.
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Pittsburgh Mayor Shoots Down Drilling Ban
The mayor of Pittsburgh said he would not sign a measure allowing voters to decide whether to ban natural gas extraction in the city, but the city council is still trying to get the referendum on the ballot.
August 10, 2011
EIA: Japan Sets Record for LNG Consumption in Power Generation
Japan, the world’s leading importer of liquefied natural gas (LNG), set a record for using LNG to generate electricity during the first five months of the year in the wake of the earthquake and tsunami, which disabled nuclear facilities in the country, the Energy Information Administration (EIA) reported.
August 2, 2011
Nabors CEO: Pressure Pumping Business Rebounds in June
The “pace” of new hydraulic fracturing (fracking) equipment deliveries to North America’s onshore resource plays is back on track after a frustrating three-month delay caused by a wet spring in the Marcellus Shale, harsh conditions in North Dakota and delayed equipment deliveries, the CEO of Nabors Industries Ltd. said Wednesday.
August 1, 2011
Global Gas Glut Could Be Gone by 2012, Analyst Says
A current worldwide oversupply of natural gas may dissipate as early as the winter of 2012, leading to the potential for spot prices higher than contract prices in Asia and Europe, according to analysts at Wood Mackenzie.
June 27, 2011
Global Gas Glut Could Be Gone by 2012, Analyst Says
A current worldwide oversupply of natural gas may dissipate as early as the winter of 2012, leading to the potential for spot prices higher than contract prices in Asia and Europe, according to analysts at Wood Mackenzie.
June 23, 2011
Governor Signs Texas Frack Legislation
Texas is on its way to leading the nation in the public disclosure of hydraulic fracturing chemicals. Gov. Rick Perry Friday signed into law HB 3328, making the Lone Star State a leader on an issue with which other states producing natural gas from shale plays have struggled.
June 21, 2011
Riding Out Price Doldrums, Marketers Report 1.9% 1Q2011 Increase
With hints of rising prices on the horizon, 24 leading natural gas marketers had total transactions of 135.07 Bcf/d in 1Q2011, a 2.49 Bcf/d (1.9%) increase from the 132.58 Bcf/d they transacted in the year-ago period, according to NGI’s 1Q2011 Top North American Gas Marketers Ranking.
June 13, 2011
Riding Out Price Doldrums, Marketers Report 1.9% 1Q2011 Increase
With hints of rising prices on the horizon, 24 leading natural gas marketers had total transactions of 135.07 Bcf/d in 1Q2011, a 2.49 Bcf/d (1.9%) increase from the 132.58 Bcf/d they transacted in the year-ago period, according to NGI’s 1Q2011 Top North American Gas Marketers Ranking.
June 9, 2011
El Paso to Spin Off E&P Business
El Paso Corp. was one of the leading gainers on the New York Stock Exchange Tuesday after announcing it would spin off its exploration and production (E&P) business as a publicly traded company by the end of the year.
May 25, 2011
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