natural gas

Michigan Attorney General Bill Schuette on Wednesday added 12 more charges to a racketeering and fraud complaint filed earlier this month against Chesapeake Energy Corp.

Florida Power & Light Co. (FPL) has a growing fleet of gas-fired power plants fueled via a portfolio of pipeline transportation contracts. Now it says it’s time to take a stake in America’s shale natural gas patch, going all the way back to the wellhead to snare a better deal for electric ratepayers.

GreenHunter Resources Inc. has formed a hydrocarbons division to provide producers in the Appalachian Basin with logistical solutions for handling oil, condensate and natural gas liquids (NGL) as volumes continue to rise.

Producers targeting the liquids-rich stacked pay zones in the emerging Central Northern Oklahoma Woodford (CNOW) play have a new gathering and processing system coming their way.

Velocys plc on Wednesday said it acquired Houston-based gas-to-liquids (GTL) project developer Pinto Energy LLC in an all-stock deal to advance “shovel ready” projects across North America.

In a rare display of bipartisanship in the U.S. House of Representatives, lawmakers on Wednesday passed legislation to streamline the approval of applications to export liquefied natural gas (LNG) to World Trade Organization countries, after rejecting two amendments opposed by supporters.

Physical gas for delivery Thursday made it three straight days of gains in Wednesday’s trading, with the largest advances at Mid-Atlantic and New England locations. Appalachia also firmed, as did prices in the Gulf, and overall the market was 18 cents higher. Healthy gains in next-day power prices, along with higher loads, also contributed to support next-day gas prices. At the close of futures trading, July had advanced 1.8 cents to $4.553 and August was higher by 1.3 cents to $4.569. August crude oil rose 47 cents to $106.50/bbl.

A bill to expedite the approval of applications to export natural gas to World Trade Organization (WTO) countries was on the floor of the U.S. House of Representatives on Tuesday, and a group that supports liquefied natural gas (LNG) exports expects it to win passage in the chamber on Wednesday.

GE Oil & Gas is joining with BP plc and Denmark’s Maersk Drilling to build the industry’s first 20,000 psi-rated deepwater blowout preventer (BOP) stack and riser system. The equipment, expected to enter service in 2018, is being supplied for BP’s Project 20K program, a multi-year initiative launched in 2012 to develop next-generation systems and tools to unlock frontier deepwater resources (see Daily GPI,Nov. 13, 2012). Maersk came aboard in early 2013 to develop conceptual engineering designs for advanced drilling rigs. GE would design, test and manufacture the BOPs and risers at the recently expanded Houston Technology Center.