Marathon Oil Corp. and Cook Inlet Natural Gas Storage Alaska (CINGSA) reached an agreement for Marathon Alaska Production LLC to transfer gas from its storage facility at the Kenai Gas Field to CINGSA’s nearby storage facility to cover potential gas supply shortfalls this winter, the companies said. Cook Inlet operates its facility on behalf of area utilities. “We appreciate Marathon’s offer to sell additional gas volumes that help CINGSA meet our base gas requirements,” said CINGSA Vice President Colleen Starring. “Given the nature of the two companies’ storage facilities, these gas transfers will result in a net increase in gas deliverability for the winter peak demand period, thus increasing confidence in meeting winter peak energy needs this year.” Marathon said its Kenai Gas Field storage facility has been available to meet emergency gas needs in the southcentral Alaska.
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North America Upstream Spending Still World Beater
Upstream exploration and production (E&P) spending in North America is leading the world for the seventh consecutive year, according to a report by GlobalData.
Survey Finds Support for Marcellus Drilling in Pittsburgh Area
Residents of Pittsburgh and the 32-county area surrounding it believe drilling for natural gas in the Marcellus Shale is both an economic opportunity for the region and a potential environmental and public health threat, according to the results of a recent survey conducted by PittsburghToday and the staff of the University of Pittsburgh’s University Center for Social and Urban Research.
Equipment Orders, Earnings Jump at National Oilwell Varco
Lower commodity prices weren’t enough to slow business at National Oilwell Varco Inc. (NOV), which reported a growing backlog of capital equipment orders and increased quarterly earnings compared with 2Q2011.
Davy Jones Flow Test Scheduled in Days
McMoRan Exploration Co., whose upstream spending has been eaten up by exploration activity in the shallow waters of the Gulf of Mexico (GOM), expects commercial production from the highly touted Davy Jones natural gas prospect to be in motion later this month.
Davy Jones Flow Test Set for Late July
McMoRan Exploration Co., whose upstream spending has been eaten up by exploration activity in the shallow waters of the Gulf of Mexico (GOM), now expects commercial production from the highly touted Davy Jones natural gas prospect to be in motion late this month.
Oklahoma No. 1 Worldwide for E&P Investments
Oklahoma is better than OK after vaulting into the No. 1 position worldwide for natural gas and oil exploration and production (E&P) investments, according to Fraser Institute’s sixth annual Global Petroleum Survey.
Oil and Gas Operators Prepared for Colorado Wildfires, COGA Says
One of the newer, smaller wildfires raging in Colorado sparked concerns Thursday about natural gas exploration and production (E&P) activities along the Western Slope in the Piceance Basin, but industry sources said there was no cause for alarm among citizens or fire-fighting officials. Any dangers are minimal because facilities can be shut in with the push of a button, an oil and gas official said.
Colorado Gas Operators Can Instantly Shut Down if Threatened by Fire
One of the newer, smaller wildfires raging in Colorado sparked concerns Thursday about natural gas exploration and production (E&P) activities along the Western Slope in the Piceance Basin, but industry sources said there was no cause for alarm among citizens or fire-fighting officials. Any dangers are minimal because facilities can be shut in with the push of a button, an oil and gas official said.
Oklahoma Ranked No. 1 Worldwide for E&P Investments
Oklahoma is better than OK after vaulting into the No. 1 position worldwide for natural gas and oil exploration and production (E&P) investments, according to the sixth annual Fraser Institute Global Petroleum Survey.
