Total Canadian volumes approved for overseas sales of liquefied natural gas (LNG) jumped this week to 14.5 Bcf/d or 5.3 Tcf/year, adding up to 139.6 Tcf over the life of the licenses, when the National Energy Board (NEB) granted export licenses to four projects.
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NatGas Returns as Texas Sets Another Upstream Record
Natural gas is back. At least it is in Texas, according to the latest barometer of oil and gas activity in the state, which shows that higher wellhead prices have boosted the value of Lone Star state gas production this year through October by 36.5%.
With More Cash on Hand, EQT Outlines Big Plans for 2014
EQT Corp. outlined a $2.4 billion capital expenditure (capex) budget on Tuesday, lifted by plans to resume drilling operations in Kentucky’s Huron Shale formation and intent on putting the $740 million it earned from selling its gas utility toward boosting liquids volume and further developing its expansive Marcellus Shale position.
Former Chairmen to Join FERC in Celebrating 1,000th Meeting
FERC will celebrate its 1,000 Commission meeting Thursday with a lineup of former chairmen and a performance by a student from the Duke Ellington School of the Arts.
Chief Oil & Gas Pays Chesapeake $500M for Marcellus Leasehold
Chief Oil & Gas and two working interest partners have paid $500 million to Chesapeake Appalachia LLC to acquire MKR Holdings LLC, a deal that includes 130 MMcf/d of production, approximately 40 operated wells waiting on completion or pipeline, and about 75,000 gross-acre leasehold in Bradford, Lycoming, Sullivan, Susquehanna and Wyoming counties in Pennsylvania’s Marcellus Shale, the privately-owned company said Wednesday.
Senate Passes Budget Deal that Includes U.S.-Mexico Treaty
Over the objections of Republican leaders, the Senate Wednesday overwhelmingly passed a two-year bipartisan budget deal that includes a treaty that would remove the ban on oil and natural gas development along the U.S.-Mexico boundary in the Gulf of Mexico.
New England Weakness Belies Firm Market; Futures Off
Prices of natural gas for delivery Thursday inched higher across much of the country except for in the East, where prices dropped from a dime to $1 at most spots, and up to $10 at some often constrained points serving the New England market.
Shell Canada, Caterpillar Sign LNG Engine Testing Agreement
In an effort to reduce operating costs and emissions from oilsands mining in northern Alberta, a subsidiary of Royal Dutch Shell plc has signed an agreement with Caterpillar Inc. to test a new engine and fuel mix using liquefied natural gas (LNG).
Weak Gas Prices Force Nucor, Encana to Temporarily Suspend Drilling
Steel manufacturer Nucor Corp. and its drilling partner, Encana Corp., have agreed to temporarily suspend drilling new natural gas wells, citing weak gas prices.
GAO Report Raises Concerns About Interior Revenue Collection System
The Interior Department over the past couple of years has taken action, particularly in the offshore, to ensure that taxpayers receive a fair return on oil and natural gas produced on federal lands, but it has not taken similar steps onshore, according to a new report released by the Government Accountability Office (GAO).