Move

The early days of the Utica Shale are proving to be far more competitive than the early days of its cousin, the Marcellus Shale, the head of a major midstream player told NGI’s Shale Daily.

Shippers have stepped up for long-term contracts for capacity on the proposed Texas Express Pipeline (TEP) and the natural gas liquids (NGL) pipeline project will move forward, a trio of project sponsors said Tuesday.

Downeast LNG says it hopes to move forward this year with its long-delayed plans to build a $600 million liquefied natural gas (LNG) import terminal in Robbinston, ME.

Downeast LNG officials hope to move forward this year with its long-delayed plans to build a $600 million liquefied natural gas (LNG) import terminal in Robbinston, ME.

Thirty-two of the dry natural gas rigs operated by Nabors Industries Ltd. in the Haynesville Shale have been redeployed to liquids areas “and we expect more of the remaining 26 to be diverted” soon, CEO Tony Petrello said late Tuesday.

Following in the footsteps of other major Marcellus Shale operators, Cabot Oil & Gas Corp. plans to reduce capital spending by about $100 million this year in response to low natural gas prices.

PetroChina Co. is buying a 20% stake in one of Royal Dutch Shell plc’s unconventional natural gas prospects in northeastern British Columbia, known as Groundbirch, officials confirmed Thursday. The deal is estimated to be worth at least US$1 billion.

Natural gas, which had taken a backseat to numerous issues during the first three years of the Obama administration, may be poised to move toward the top of the agenda in the president’s State of the Union speech.

In what it said was the first step to develop a new pipeline to move Marcellus Shale natural gas out of northeast Pennsylvania, Penn Virginia Resource Partners LP (PVR) has acquired an option to purchase an easement along a 28.8-mile long right-of-way corridor in Susquehanna County, PA.