Commercial and industrial customers of Crowley Maritime Corp.’s Carib Energy unit in Puerto Rico soon could be enjoying lower energy costs, thanks to cheap liquefied natural gas (LNG) delivered via container from the mainland United States. But savings for prospective customers in Central and South America and the Caribbean are being delayed by the U.S. Department of Energy (DOE).
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E&P Techniques, Bottom Line Focus of 3Q Results, Say Analysts
A few North American exploration and production (E&P) operators sneaked in third quarter results over the past few days, but most of the rest will begin their conference calls in the next couple of weeks, offering a broader look at the market and whether natural gas prices — and drilling — could rebound in 2014.
Encana Reverses Losses, Lifts Liquids Volumes 92%
Encana Corp. recorded its second consecutive profitable period in the third quarter, and the move to oil and natural gas liquids (NGL) also trended higher, with volumes up 92% year/year, the Calgary operator said Wednesday.
Florida PSC Approves Surcharges for Pipeline Replacement
Utilities in Florida have received approval from the state’s Public Service Commission (PSC) to bill customers surcharges to cover the cost of replacing aging cast iron and bare steel natural gas distribution pipelines.
Lower 48 Rig Market Digests Gas-to-Oil Transition, Says Nabors CEO
The Lower 48 land rig market has “digested” the transition to oil-directed drilling, but there’s still an oversupplied pressure pumping market, brought about in part by efficiency gains, Nabors Industries Ltd. CEO Tony Petrello said Wednesday.
‘Conditional’ LNG Permits Could be Suspect in Finance, Legal Sectors
The Department of Energy’s (DOE) conditional approvals of permits for liquefied natural gas (LNG) exports to non-free trade agreement (non-FTA) countries may not pass muster in the financial and legal sectors, an industry executive told an audience of energy attorneys Wednesday.
Berry Downplays Gas for Uinta, Permian Oil
Denver-based Berry Petroleum Co. said Wednesday it expects to see its natural gas assets in the Piceance in Colorado and East Texas Haynesville/Bossier Shale decline this year as its continues to target its investment toward oil assets in the Uinta and Permian Basins.
Shell Unit Applies to Become Swaps Dealer
Houston-based Shell Trading Risk Management LLC, a unit of Royal Dutch Shell plc, has applied to become a registered swaps dealer, according to a registry kept by the National Futures Association (NFA).
NatGas Cuts U.S. Carbon Emissions, Say EIA, EPA
Carbon dioxide (CO2) emissions from energy use in the United States last year reached their lowest levels in two decades, in part from a combination of more natural gas use for electric generation, as well as recent mild winters and reduced transportation demand, according to reports published this week by the U.S. Energy Information Administration (EIA) and the U.S. Environmental Protection Agency (EPA).
CFTC Issues Shutdown-Delayed Reports Schedule
The Commodity Futures Trading Commission (CFTC) on Wednesday announced an anticipated publication schedule for reports that were delayed by the recent federal government shutdown.