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TransCanada: Keystone Shippers Will Stay

As TransCanada Corp. pursues various parts of the spurned Keystone XL oil pipeline project, shippers who hold long-term firm contracts equating to 850,000 b/d are continuing to stick with the C$7 billion, 1,700-mile pipeline project, TransCanada CEO Russ Girling told an institutional investment conference in British Columbia (BC) Thursday.

January 23, 2012

Idaho Debate Heats Up Over Oil and Gas Safeguards

The fledgling oil and gas industry emerging in parts of Idaho has raised a debate over proposed rules on drilling being considered at the city and county government level. Both sides are gearing up for a fight in the state legislature next year.

December 22, 2011

LNG Export Consumer Impact Is Pennies Per MMBtu, Says Deloitte

Liquefaction and export of domestic U.S. gas is no longer a pipe dream but an eventual certainty given the abundance of supplies from shales and thirst for gas in other parts of the world, particularly in Asian markets, said speakers at Deloitte’s annual Oil & Gas Conference in Houston Thursday. True, there are export naysayers; a recent Deloitte study commissioned by BG Group addresses at least some of their concerns.

December 19, 2011

LNG Export Not Seen Lifting U.S. Prices Much

Liquefaction and export of domestic U.S. gas is no longer a pipe dream but an eventual certainty given the abundance of supplies from shales and thirst for gas in other parts of the world, particularly in Asian markets, said speakers at Deloitte’s annual Oil & Gas Conference in Houston Thursday. True, there are export naysayers; a recent Deloitte study commissioned by BG Group addresses at least some of their concerns.

December 19, 2011

Economists: Canada Growth Tied to Natural Resources in 2012

The biggest catalyst for growth in Canada’s provinces in the coming year will be in the natural resource sector, which in some parts of the country has seen strong growth in unconventional oil and natural gas, according to Royal Bank of Canada (RBC).

December 19, 2011

Economists: Canadian Growth Tied to Natural Resources in 2012

The biggest catalyst for growth in Canada’s provinces in the coming year will be in the natural resource sector, which in some parts of the country has seen strong growth in unconventional oil and natural gas, according to Royal Bank of Canada (RBC).

December 13, 2011

Gains Slightly Dominate Mixed Price Movement

Other than parts of the South, desert Southwest and California, it was rare to find any forecasts for Thursday lows that didn’t range from around freezing to a few degrees below zero. But that was able to keep only a little more than half of the cash market from seeing losses Wednesday. One source suggested that increasing use of storage in lieu of spot gas purchases may have been limiting the price-boosting impact of the cold weather.

December 8, 2011

Spreading Cold Keeps Most Cash Prices Rising

A moderate majority of points were up again Tuesday as a mix of rain and snow is expected to move into the Northeast and parts of the Mid-Atlantic before fading Thursday, and except for the eastern end of the South most regions can expect bottom-end temperatures ranging from the vicinity of freezing to much lower. Monday’s 12.3-cent screen dive had only a moderate impact on the softening locations.

December 7, 2011

Federal Reserve: Economy Growing, Shale Gas Expanding

The Federal Reserve Board took notice of an expanding shale gas industry in parts of the country as the national economy grew at a moderate pace, according to a report released Wednesday.

December 5, 2011

House Panel Polishes Up Dodd-Frank Law

The House Financial Services Committee last Wednesday voted out three bills that clarify and polish up parts of Title VII of the Dodd-Frank Wall Street Reform Act, but make no substantive changes.

December 5, 2011