Progress

A plethora of unconventional natural gas supplies in the United States, as well as global liquefied natural gas (LNG) growth, “will limit the progress of prices,” Schlumberger Ltd.’s CEO said Friday.

A plethora of unconventional natural gas supplies in the United States, as well as global liquefied natural gas (LNG) growth, “will limit the progress of prices,” Schlumberger Ltd.’s CEO said Friday.

The North Carolina Utilities Commission (NCUC) has approved Progress Energy Carolinas’ (PEC) plan to build a 620 MW gas-fueled power plant to replace the coal-fired units at its L.V. Sutton Plant near Wilmington, NC, PEC said. The $600 million project is scheduled to be completed in 2014.

Two pipeline expansion projects to carry Marcellus Shale gas to markets in Canada and the Northeast have garnered significant shipper support, said National Fuel Gas Supply Corp. and Empire Pipeline Inc., which comprise the pipeline and storage segment of National Fuel Gas Co.

Two pipeline expansion projects to carry Marcellus Shale gas to markets in Canada and the Northeast have garnered significant shipper support, said National Fuel Gas Supply Corp. and Empire Pipeline Inc., which comprise the pipeline and storage segment of National Fuel Gas Co.

BP plc, which has been nudging up its natural gas position in North America’s shales in the past few years, sees its best opportunities in the next decade coming from new technology and a new company culture, CEO Tony Hayward said Tuesday.

BP plc, which has been nudging up its natural gas position in North America’s shales in the past few years, sees its best opportunities in the next decade coming from new technology and a new company culture, CEO Tony Hayward said Tuesday.

Royal Dutch Shell plc said Monday it is making good progress on its Pearl GTL (gas-to-liquids) project as well as its Qatargas 4 liquefied natural gas (LNG) project. Shell is partnering in both Pearl GTL and Qatargas 4 with Qatar Petroleum, the state-owned oil and gas company of Qatar.

Progress on Senate climate change legislation could be delayed by a group of Republicans who are mulling over the possibility of boycotting the upcoming mark-up in the Senate Environment and Public Works Committee, a committee spokesman said.