House Renews Push to Drill Offshore Virginia

The House has introduced legislation that would open federal waters off the coast of Virginia to oil and natural gas development, and the Senate is expected to offer a companion bill in the coming weeks.

April 30, 2013

BNSF Sees More Crude Traffic, Readies Test of NatGas Locomotives

Crude oil shipments on all U.S. railroads could hit 700,000 b/d by the end of this year, up 40% from current levels, and top 1 million b/d in 18 months, said BNSF Railway Co. CEO Matthew Rose.

March 8, 2013

In Asia, More LNG Demand Seen in Southeast

Southeast Asian markets are growing in attractiveness to would-be liquefied natural gas (LNG) suppliers while India might not offer all that some would think, a Wood Mackenzie analyst said.

February 22, 2013

Potential $500M Drilling Deal for Pittsburgh Airport Approved

In a split decision, the Allegheny County Council voted on Tuesday to accept a deal with Consol Energy Inc. for Marcellus Shale natural gas drilling rights at Pittsburgh International Airport.

February 21, 2013

Coal, Gas Conversion Touted to Wyoming Lawmakers

A joint committee of the Wyoming legislature on Wednesday heard a variety of proposals that are supposed to offer the state more revenues from its vast coal and natural gas resources while lowering greenhouse gas (GHG) emissions. Ultimately, the schemes could involve integration of the two fossil fuels to nuclear power.

February 19, 2013

Board OKs $500M Consol Deal for Pittsburgh Airport Drilling

Allegheny County Airport Authority (ACAA) board members Friday unanimously approved a deal with Consol Energy Inc. for Marcellus Shale natural gas drilling rights at Pittsburgh International Airport. The arrangement could be worth $500 million over the next 20 years.

February 12, 2013

Interior to Offer Nearly 39M Acres in March Central Gulf Lease Sale

The Interior Department said Thursday it will offer 38.6 million acres offshore Louisiana, Mississippi and Alabama for oil and natural gas exploration and development in the Central Gulf of Mexico Lease Sale 227 to be held in March. The sale could potentially result in almost 4 Tcf of natural gas production and nearly one billion bbl of oil production, according to the agency.

February 8, 2013

Shell Given Six Month Extension to Make Ethane Cracker Decision

A subsidiary of Royal Dutch Shell plc has been given another six months to decide whether to purchase property in western Pennsylvania for a proposed “world scale” ethane cracker in the heart of the Marcellus Shale.

December 28, 2012

BLM Utah Office Prepares for Spring Lease Sale

A Utah field office for the federal Bureau of Land Management (BLM) has begun seeking public comment on its environmental assessment (EA) of a proposal to offer 12 parcels totaling more than 14,000 acres for oil/natural gas leases in May 2013.

December 26, 2012

North American Natural Gas Prices May Hit $7 by 2020

The increased role of global players and the use of long-term contracts may bring more stability to North America’s natural gas market and offer a chance for a balanced market before the end of the decade, according to consulting firm A.T. Kearney.

December 17, 2012