Separate reports confirmed the competitiveness of natural gas as a transportation fuel, with the price of compressed natural gas (CNG) maintaining a strong pricing edge over gasoline, diesel and other alternative fuels. At the same time, liquefied natural gas (LNG) is expanding its potential transportation options to include rail.
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New Brunswick Unveils New Oil and Gas Rules
Officials in the Canadian province of New Brunswick unveiled new rules for oil and natural gas development in the prospective Frederick Brook Shale on Friday, including a requirement that operators disclose all of the chemicals used in hydraulic fracturing (fracking).
Maryland Gas Utilities May Soon Impose Surcharge for Aging Pipes
A bill that would enable Maryland’s natural gas utilities to impose a monthly surcharge on customers of up to $2.00/month to pay for maintaining and replacing aging distribution lines appears likely to be approved by the legislature as soon as this week.
Eastern Pipelines, LDCs Breeze Through Superstorm Sandy
Natural gas pipeline systems and distribution companies so far have reported no problems maintaining service through Hurricane/Tropical Storm Sandy.
Seneca Resources Completes Wells in Marcellus and Utica
Seneca Resources Corp. is proceeding with drilling operations in the Marcellus and Utica shales, and has established positions in oil fields in Kansas and California, the National Fuel Gas Co. (NFG) subsidiary said Thursday.
BLM Proposal to Downsize Oil Shale Development Draws Broad Support
Maintaining that Colorado’s water supply is too fragile to put at risk, a diverse coalition of more than 100 of the state’s business, conservation and sporting groups sent a letter of support Wednesday for a U.S. Bureau of Land Management (BLM) proposal to reduce the amount of land available for oil shale research and development.
Chevron Ties Output Gains to Deepwater GOM, LNG
Led by massive projects in the deepwater of the Gulf of Mexico (GOM) and Australian liquefied natural gas (LNG), Chevron Corp. is maintaining a production target of 3.3 million boe/d by the end of 2017, executives said Friday. The gains will come even though 2Q2012 worldwide output fell 2.6% year/year to 2.62 million boe/d, Chevron Vice Chairman George Kirkland said during a quarterly earnings conference call.
Chevron Ties Output Gains to Deepwater GOM, Australian LNG
Led by massive projects in the deepwater of the Gulf of Mexico (GOM) and Australian liquefied natural gas (LNG), Chevron Corp. is maintaining a production target of 3.3 million boe/d by the end of 2017, executives said Friday.
Fracking Study Was Not ‘Peer-Reviewed,’ Editor Says
A study of data from the Pennsylvania Department of Environmental Protection (DEP) that showed the percentage of wells with pollution events has declined, thanks at least in part to the state’s regulation of hydraulic fracturing (fracking), was not “peer-reviewed,” as it was originally described, according to an editor’s note issued since the study’s release.
Encana Clinches $2.9B Cutbank Ridge Deal with Mitsubishi
Japan’s Mitsubishi Corp. is investing $2.9 billion to acquire a 40% stake in Encana Corp.’s Cutbank Ridge leasehold in British Columbia, the companies said Friday. The deal is set to close this month.