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Uncertainty Stalling Northwest NatGas Demand Growth

Industry executives who recently offered Oregon regulators an updated natural gas outlook for the Pacific Northwest said they see faint signs of potential added gas-fired industrial loads taking shape, but flat near-term demand projections nevertheless dominated their forecasts.

July 29, 2013

Halliburton Pleads Guilty to Destroying Macondo Evidence

A unit of Halliburton Co. on Thursday agreed to plead guilty to one misdemeanor count of destroying evidence in connection with the April 2010 Macondo well blowout in the deepwater Gulf of Mexico, the U.S. Department of Justice (DOJ) said. The settlement is subject to district court approval.

July 29, 2013

Slightly Higher Natural Gas Prices Forecast

Wells Fargo Securities analysts last week increased their outlook for natural gas prices to reflect 2Q2013 average pricing. They also expect to see “slightly increasing” gas output as badly needed infrastructure in the Marcellus, Utica and Eagle Ford shales comes online.

July 22, 2013

McCarthy Confirmed as EPA Chief

The Senate Thursday confirmed Gina McCarthy to head the Environmental Protection Agency (EPA), ending a four-month long stalemate between Republicans and Democrats over her controversial nomination.

July 22, 2013

Nucor to Spend $700M-Plus to Fuel Encana’s Natural Gas Drilling

Steel manufacturer Nucor Corp. said it plans to spend more than $700 million on natural gas drilling over a two-year period to meet its contractual obligations with Encana Corp. for low-cost gas supplies.

July 22, 2013

Burgeoning Shale Industry Still Honing Public Image

Output from the nation’s shale plays has ballooned domestic natural gas production over the past few years, but the industry, and the country, have yet to fully embrace all that the paradigm shift entails, said Rick Smead, a director in Navigant Consulting Inc.’s energy practice.

July 22, 2013

BP Launches Fraud Hotline as Claims Mount

BP plc last week launched a Gulf Claims Fraud Hotline “to help protect the integrity of the claims processes” related to the 2010 Macondo well blowout and Deepwater Horizon oil spill.

July 22, 2013

LNG Approval Delays Costing Billions, Think Tank Says

Pro-business Washington, DC, think tank American Council for Capital Formation (ACCF) has a new paper extolling the benefits of exporting liquefied natural gas (LNG) that it hopes will light a fire under the U.S. Department of Energy (DOE) and its export approval process.

July 22, 2013

Conservancy Group Offers Guidance in Backing Utica Development

The Western Reserve Land Conservancy (WRLC) is voicing support for Utica Shale development, including hydraulic fracturing (fracking), but it wants to see the industry, landowners and other stakeholders come to an agreement over developing the eastern Ohio portion of the play, the CEO said.

July 22, 2013

Apache GOM Sale Shifts Focus to Onshore

Apache Corp., which had planned to sell about $4 billion worth of assets by the end of the year, accomplished that goal and more last week after agreeing to sell Gulf of Mexico (GOM) Outer Continental Shelf operations and properties, and the asset retirement obligations, to a Riverstone Holdings affiliate for $5.25 billion total.

July 22, 2013