Next

Trunkline Gas Co. officials said they expect FERC to approve before the middle of next year plans to convert a multi-state natural gas pipeline to crude oil service.

Trunkline Gas Co. officials said last week they expect FERC to approve before the middle of next year plans to convert a multi-state natural gas pipeline to crude oil service.

Encana Corp.’s long-delayed Deep Panuke natural gas field off the coast of Nova Scotia won’t begin producing before next year, company officials have confirmed. The company, which has pushed back the start-up several times, had planned gas production would begin this winter.

Encana Corp.’s long-delayed Deep Panuke natural gas field off the coast of Nova Scotia won’t begin producing before next year, company officials have confirmed. The company, which has pushed back the start-up several times, had planned gas production to begin this winter.

During the third quarter, Houston-based Rosetta Resources Inc. quickened its pace in the Eagle Ford Shale where it grew production 68% from the year-ago level; production was also wetter. Management also disclosed Thursday that the company is testing two new areas outside of the Eagle Ford.

California energy utilities can spend nearly $2 billion over the next two years on energy efficiency programs, following authorization Thursday from the state regulatory commission. The California Public Utilities Commission (CPUC) said the action for 2013-2014 programs will deliver overall savings that prevent the need for two new natural gas-fired power plants and will save “significant” amounts of gas. In addition to approving individual plans for the state’s four major investor-owned utilities and community choice aggregators, the CPUC created two regional energy networks for the San Francisco Bay area and Southern California to complement the utility efforts. CPUC members said the latest plans, budgeted at $1.9 billion, will refocus on “deeper, longer-lasting” results.

The Town Board of Onondaga, NY, voted Monday to extend its moratorium on hydraulic fracturing (fracking) for three months, or until the board passes an ordinance either allowing or prohibiting the practice.

Propelled by its U.S. onshore crude oil and liquids output, EOG Resources Inc. reported better-than-expected profits for the third quarter. Investors in return sent the stock price up 4.37% on Tuesday.

Natural gas prices could strengthen over the next 18 months to two years, but there are several reasons why a near-term pricing “pause” is likely, Credit Suisse analysts said last week.