A decision by the Department of Interior’s Bureau of Land Management (BLM) to set aside its original federal hydraulic fracturing (fracking) proposal has drawn plaudits from associations representing major oil and natural gas producers.
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Analyst Cites Potential Return to $2 Gas; Futures Mostly Lower
January natural gas finished flat Friday, but other months eased as traders don’t see any bullish factors and cite a technical trading objective 50 cents lower. January settled unchanged at $3.127 and February eased 0.3 cent to $3.174. January crude oil fell 34 cents to $93.53/bbl.
Canada Launches Separate Studies on Fracking Science
The Canadian government is launching two separate studies on the science of hydraulic fracturing (fracking) and its potential impact on the environment.
NPC: ‘Enormous’ Natgas Base Could Transform U.S. Economy
Shale gas is reviving the domestic chemical industry, has already sparked growth in exports, and going forward it will boost the U.S. economy through new jobs in supplier industries and other manufacturers benefiting from cheap, plentiful energy, according to the National Petroleum Council (NPC).
EPA Picks Potential Sites for Hydrofracking Study
The U.S. Environmental Protection Agency (EPA) has selected several potential sites across the country to study the effects of hydraulic fracturing (hydrofracking) on drinking water and groundwater.
JV Opportunities Available in East Texas
Cabot Oil & Gas Corp. is seeking a joint venture (JV) partner to develop its Haynesville and Mid-Bossier Shale leasehold in San Augustine, Nacogdoches and Sabine counties in East Texas. And East Texas Oil & Gas LLC (ETOG) is offering an East Texas JV opportunity in Leon, Madison, Brazos and Robertson counties.
U.N. Report Calls for End to Speculation’s ‘Big Casino’
Systematic regulatory reform with the objective of “weeding out” financial instruments that do not contribute to long-term economic growth is needed to put the world economy on steady footing, according to a report released Thursday by the United Nations Conference on Trade and Development (UNCTAD).
U.N. Report Calls for End to Speculation’s ‘Big Casino’
Systematic regulatory reform with the objective of “weeding out” financial instruments that do not contribute to long-term economic growth is needed to put the world economy on steady footing, according to a report released Thursday by the United Nations Conference on Trade and Development (UNCTAD).
Alaska Port Authority’s Pipe/LNG Proposal Being Revived
The Alaska Gasline Port Authority’s (AGPA) 1.2 Bcf/d All-Alaska gas pipeline proposal and liquefied natural gas (LNG) export terminal would have an economic advantage over the producer-sponsored Alaska pipeline to the Lower 48 states because AGPA’s project would be in service a full three years earlier, according to a new study by California consulting firm Econ One that was presented to the Alaska Senate Special Committee on Natural Gas Development on Aug. 24.
FPL Plans 1,900 MW of Gas-Fired, Combined-Cycle Power
Following through on its long-term objective of replacing substantial oil-fired generation with natural gas combined cycle power, Florida Power & Light outlined a new project to meet customer growth and increased use of electricity by expanding at its existing power plant sites in Martin and Manatee counties. The proposal would add 1,900 MW of new, cleaner-burning natural gas-fired combined-cycle generation by mid-2005 and follows similar actions at its Fort Myers and Sanford power facilities in 2000 and 2001.