natural gas

Natural gas futures had the trajectory of Wile E. Coyote falling off a cliff in a Saturday morning cartoon following the release of government storage figures Thursday morning that revealed a much lower withdrawal than what traders were anticipating.

Scotland’s energy minister has imposed a moratorium on all unconventional oil and natural gas development, including hydraulic fracturing (fracking), which is to remain in effect until comprehensive planning, environmental and health studies are completed and public hearings are held.

Ethane deliveries on Enterprise Products Partners LP’s (EPP) Appalachia-to-Texas Express (ATEX) pipeline are still limited days after a stretch of the line ruptured and exploded, according to a company representative.

Royal Dutch Shell plc may cancel up to 40 projects over the next three years, worth an estimated $15 billion, including in North America, but it won’t overreact to the contraction in oil prices by dumping projects without cause, CEO Ben van Beurden said Thursday.

In one of his first significant moves since taking office Jan. 20, Pennsylvania’s Democratic Gov. Tom Wolf signed an executive order on Thursday reinstating a moratorium on oil and gas leases in state-owned parks and forests, drawing widespread praise from the state’s environmental groups.

A bill that would require the Department of Energy (DOE) to make decisions on applications to export liquefied natural gas (LNG) within 30 days, without specifying details for federal officials to follow, passed in a bipartisan landslide in House on Wednesday and has moved to the Senate.

BP plc on Wednesday agreed to sell half of its equity — and its control — in two key deepwater Gulf of Mexico (GOM) discoveries and partner with Chevron Corp. and ConocoPhillips to develop prospects and a production hub in Keathley Canyon, one of the most sought-after lease areas of the Lower Tertiary Trend.

The U.S. Environmental Protection Agency (EPA) is inviting small businesses, governments and not-for-profit organizations to provide advice and recommendations about the potential impacts of upcoming standards for emissions of greenhouse gases (GHG) and volatile organic compounds (VOC) from sources in the oil and natural gas sector.

Gasfrac Energy Services Inc. has obtained court approval from Canadian officials to begin a sales process, and it’s gotten an OK from its primary lender to fund ongoing operations into March.