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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ND ‘Sleeping Giant’ Gas Wildcatting Points to Future
There are indicators that natural gas prices may have bottomed out in North Dakota and there could be the start of a long, slow trend for price increases starting next year, the state’s top oil/gas official said in reporting the state’s latest increased production statistics.
2014 North Dakota Oil and Gas Activity Robust, State Official Predicts
The year-end lull that comes with the onset of winter is likely to give way next year in North Dakota to a million-barrel-a-day oil and natural gas industry that will see a number of positive changes, including decreases in production costs and amounts of flared associated gas, along with continuing technology advances in drilling operations, the state’s chief oil/gas official said Friday.
Passage of Budget Expected Soon; Would Resolve U.S.-Mexico GOM Division
The Senate Tuesday easily side-stepped a filibuster, voting 67-33 to end debate on a two-year bipartisan budget deal, which could be voted out as early as Wednesday. Included in the sequester-averting deal is approval of a treaty that would pave the way for oil and natural gas development along the U.S.-Mexico boundary in the Gulf of Mexico.
Activists Target Williams; Shares Jump
A pair of activist shareholders has taken a significant stake in Williams Cos. Inc., driving up the company’s share price, as the partners pursue a plan to improve the midstream company’s performance and potentially put it in play in the current environment of ongoing midstream consolidation.
Energy Interests Sue Over Louisiana Wetlands Action
The Louisiana Oil & Gas Association (LOGA) is suing the state’s attorney general over a contingency fee contract that the Southeast Louisiana Flood Protection Authority-East (SLFPA-E) made with a law firm in support of an action against energy companies that alleges they are responsible for repairing wetlands damage.
Warming Patterns Rattling Cash Market; Futures Inch Higher
Physical gas prices for Wednesday delivery fell across the country in Tuesday’s trading as many regions were seeing the mercury creep higher. The stoutest declines were seen in the Northeast.
People
R. Skip Horvath, president and CEO of the Natural Gas Supply Association (NGSA) plans to retire from the organization in the first half of 2014. “I’ve enjoyed 15 wonderful, rewarding years at NGSA,” Horvath said. “My original goals were to focus the association’s mission and put it back on solid financial footing. I’m proud to have accomplished those goals, but my proudest achievement at NGSA will always be the exceptional staff that I handpicked,” he said. Horvath has been president and CEO of NGSA since 1999. NGSA Chairman Greg Vesey said, “We’re tremendously grateful to Skip for his vision and leadership throughout a time of historic changes in the natural gas industry.” Horvath’s work in the natural gas industry has spanned the terms of 13 of the 15 chairmen that the Federal Energy Regulatory Commission has had in its history. Prior to joining NGSA, he served as COO and executive vice president at the Interstate Natural Gas Association of America. He also helped establish and lead the Natural Gas Council, a forum for leaders in the natural gas industry to discuss common concerns. He also founded the Distributed Power Coalition of America and served as one of four individuals tasked with setting up the Gas Industry Standards Board (now known as NAESB, the North American Energy Standards Board) and the Center for Liquefied Natural Gas.
People
R. Skip Horvath, president and CEO of the Natural Gas Supply Association (NGSA) plans to retire from the organization in the first half of 2014. “I’ve enjoyed 15 wonderful, rewarding years at NGSA,” Horvath said. “My original goals were to focus the association’s mission and put it back on solid financial footing. I’m proud to have accomplished those goals, but my proudest achievement at NGSA will always be the exceptional staff that I handpicked,” he said. Horvath has been president and CEO of NGSA since 1999. NGSA Chairman Greg Vesey said, “We’re tremendously grateful to Skip for his vision and leadership throughout a time of historic changes in the natural gas industry.” Horvath’s work in the natural gas industry has spanned the terms of 13 of the 15 chairmen that the Federal Energy Regulatory Commission has had in its history. Prior to joining NGSA, he served as COO and executive vice president at the Interstate Natural Gas Association of America. He also helped establish and lead the Natural Gas Council, a forum for leaders in the natural gas industry to discuss common concerns. He also founded the Distributed Power Coalition of America and served as one of four individuals tasked with setting up the Gas Industry Standards Board (now known as NAESB, the North American Energy Standards Board) and the Center for Liquefied Natural Gas.
McClendon-Linked Partnership Files for $2 Billion IPO
Aubrey McClendon, the former CEO of Chesapeake Energy Corp., is at it again — this time he’s linked to a complex partnership launched on Friday that seeks to raise up to $2 billion through a public offering of 100 million common units priced at $20 each.