NYMEX

Connecticut business interests have registered their support for an Algonquin Gas Transmission expansion project to carry an additional 342,000 Dth/d of gas from the Marcellus and Utica shales through New York and into southern New England.

Royal Dutch Shell plc won’t be producing nearly as much natural gas from North American unconventionals by 2017 as anticipated, outgoing CEO Peter Voser said Tuesday.

Natural gas prices on Tuesday added 6 cents on average for Wednesday deliveries as gains were widespread with only a handful of points slipping into the loss column. The Midwest and California were particularly firm, but most Northeast and East points posted solid gains as well. At the close of futures trading, November had eased 3.0 cents to $3.790 and December was down by 3.1 cents to $3.935. November crude oil fell $1.20 to $101.21/bbl.

A decision last year by the U.S. District Court for the Southern District of West Virginia has been upheld by an appeals court that landowners had not proven property damage or physical harm resulted from drilling and hydraulic fracturing (fracking) on their land in Jackson County, WV.

Transportation of rapidly rising oil production in the Bakken Shale play is no longer a problem as both rail and pipeline shippers have excess capacity, according to the CEO of Kodiak Oil & Gas Corp., which sells its growing production at the wellhead. It holds no capacity for either rail or pipe shipments.

In a possible sign that the Heinz Endowments is shifting away from support for hydraulic fracturing (fracking), Robert Vagt announced Monday that he is stepping down as president of the Pittsburgh-based philanthropic organization.

Consol Energy Inc. disclosed Tuesday that it has signed a definitive agreement with Blue Racer Midstream LLC to construct, own and operate natural gas gathering pipelines and facilities in Noble County, OH, to support growing production with joint venture (JV) partner Hess Corp.

Canadian hopes to export liquefied natural gas (LNG) rely on oil prices to stay high and overseas supply contracts to uphold value parity between the two energy commodities, an industry analyst said Thursday.

Carl Icahn, whose investments in Chesapeake Energy Corp., among others, led to big changes, has turned his eyes to Calgary’s Talisman Energy Inc., where he now holds a near 6% stake.