Anchor Drilling Fluids USA Inc. announced Monday that it has opened a drilling fluids production plant in Wellsville, OH, the first such facility in the state and designed to service oil and natural gas operators in the emerging Marcellus and Utica shales.
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CFTC Investigates MF Global’s Bankruptcy, Missing Funds
The Commodity Futures Trading Commission (CFTC) has opened an investigation into the bankruptcy of securities firm MF Global Inc. and a $600 million shortfall in customer securities.
CNG Fueling Station Network Planned for Florida, Georgia
Tallahassee, FL-based Nopetro LLC has opened in its hometown a compressed natural gas (CNG) fueling facility, part of a planned regional network “that will make CNG a workable cost-saving option for government and commercial fleets as well as individual CNG vehicle owners,” the company said last week.
CNG Fueling Station Network Planned for Florida, Georgia
Tallahassee, FL-based Nopetro LLC has opened in its hometown a compressed natural gas (CNG) fueling facility, part of a planned regional network “that will make CNG a workable cost-saving option for government and commercial fleets as well as individual CNG vehicle owners,” the company said Tuesday.
Marcellus Shale Coalition Unveils Supply Chain Recommended Practices
Laying out a blueprint for how small- and medium-sized businesses can take advantage of the opportunities provided within the current U.S. natural gas development boom, the Marcellus Shale Coalition (MSC) has released the second in a series of recommended practices aimed at bolstering the Marcellus Shale region’s supply chain.
Nova Scotia Truck-Delivered CNG to Compete With Oil Products
A competitive market for compressed natural gas (CNG) — chiefly as a new rival against oil products — has opened for business across most of Nova Scotia. And it’s Eastern Canada’s chief oil refiner, Irving Oil, that will be delivering the trucked gas to coastal fish processors, hospitals, universities and other large commercial users as early as next year.
California Energy Research Grants Include NGVs
Under a state law (AB 118) providing up to $100 million annually, the California Energy Commission (CEC) opened its pocketbook again, doling out another $1.7 million for 15 different energy projects, including a number of natural gas vehicle (NGV) programs. More than $500,000 of the grants went to what the CEC called “green transportation” advancements.
Bakken/Three Forks Oil Transport Capacity Grows
Rangeland Energy LLC’s COLT facility — North Dakota’s largest open-access crude oil marketing terminal, according to the company — has begun serving Bakken and Three Forks shale oil producers, the company said Monday.
Northeast and West Lead Market Gains; Futures Slip
Bidweek opened with the cash market advancing over a dime nationwide Monday with the strongest performers in southern California and the Northeast. Traders suggested a long approach to the Northeast cash market but acknowledged whether to buy index and sell physical or sell index and buy physical was a weather call. At the close of futures trading April had fallen 4.9 cents to $2.226 and May had slid 5.4 cents to $2.319. May crude oil gained 16 cents to $107.03/bbl.
Pelican State Gets Its First LNG Station
Encana Corp.’s Encana Natural Gas Inc. has opened what it says is the first liquefied natural gas (LNG) fueling station in Louisiana. Located at The Relay Station in Frierson, the facility will serve the fueling needs of heavy-duty truck fleets.