Quicksilver Resources Inc. found a silver lining in the recent decision by Canada’s National Energy Board (NEB) to reject TransCanada Corp.’s Komie North Extension pipeline project in the Horn River Basin. However, the company is still on the ropes financially, has cut its spending plans and is still seeking partners/asset sales.
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Horn River Pipeline Setback Aids Quicksilver’s Timing
Quicksilver Resources Inc. found a silver lining in the recent decision by Canada’s National Energy Board (NEB) to reject TransCanada Corp.’s Komie North Extension pipeline project in the Horn River Basin.
U.S. Authorizes Drilling, Pipelines in Alaska National Petroleum Reserve
The Interior Department has finalized plans to lease to natural gas and oil operators nearly 12 million acres — more than half — of the National Petroleum Reserve in Alaska (NPR-A), which would allow, among other things, pipelines to be built to transport offshore Chukchi and Beaufort seas production.
U.S. OKs Leasing, Pipelines in AK National Petroleum Reserve
The Interior Department has finalized plans to lease to natural gas and oil operators nearly 12 million acres — more than half — of the National Petroleum Reserve in Alaska (NPR-A), which would allow, among other things, pipelines to be built to transport offshore Chukchi and Beaufort seas production.
NOV CEO: Buckle Your Seat Belts, Keep Your Eyes On China
National Oilwell Varco Inc. (NOV) CEO Pete Miller believes a slump in North American onshore drilling will continue through this year, but offshore activity is strong, and international activity is high on his radar, particularly in China.
NOV’s Miller: Buckle Your Seat Belts, Keep Your Eyes On China
National Oilwell Varco Inc. (NOV) CEO Pete Miller believes a slump in North American onshore drilling will continue through this year, but the international energy equipment business is high on his radar, particularly in China.
NOV’s Deepwater Business Overcomes ‘Very Weak’ Land Market
National Oilwell Varco Inc. (NOV) finished 2012 with a record backlog of rig technology orders, but there’s a “cross current” for the markets in 2013, especially in North America’s land operations, according to the management team.
TransCanada Denied Horn River Pipe Permit, For Now
Canada’s National Energy Board (NEB) has refused to let TransCanada Corp. grab an early lead in building new pipelines for shale gas in northern British Columbia (BC) by rejecting immediate construction of a jumbo link to the main drilling target, the Horn River Basin.
AGA: LNG Exports Will Not Have a ‘Material Impact’ on Prices
Coming on the heels of the departure of chemical giant Dow Chemical Co. from the National Association of Manufacturers (NAM) over a dispute involving liquefied natural gas (LNG) exports and a decision by chemical firm Huntsman Corp. to join a coalition opposing gas exports, associations representing interstate natural gas pipelines and gas distribution lines expressed their unwavering support for U.S. sales of domestically produced gas to foreign countries.
Western Governors Taking Energy Lead
Members of the Western Governors’ Association (WGA) said Thursday that states can work collaboratively and individually to develop “a cogent, bipartisan national energy strategy.”