Prospective

An idea to convert some of TransCanada Corp.’s Mainline from natural gas to oil service is getting some traction among prospective customers, but it is still early days, a company pipeline executive said during a second quarter earnings conference call.

Houston-based independent Eagle Ford Oil & Gas Corp. has acquired an 85% working interest in prospective acreage in Frio County, TX, in the “heart” of the Eagle Ford Shale of South Texas, the company said Monday.

Along the North American West Coast, the prospective liquefied natural gas (LNG) export business is shaping up as a Canadian-U.S. tussle, with the provincial government in British Columbia (BC) and others in western Canada pushing multiple export sites, compared to the lone U.S. project, Jordan Cove, along the Oregon coast at Coos Bay.

Ohio Gov. John Kasich is proposing to “modernize” taxes and regulations on the oil and gas industry, aiming to cut income taxes by capturing revenue from the prospective Utica Shale boom.

The administration of Ohio Gov. John Kasich is proposing to “modernize” taxes and regulations on the oil and gas industry, aiming to cut income taxes by capturing revenue from the prospective Utica Shale boom.

Eighteen back-country areas in nine states — including prospective areas for natural gas and oil exploration — deserve protection by Congress as national conservation or wilderness areas, according to a preliminary report issued on Thursday by the Department of Interior.

Saying it has put last year’s Gulf of Mexico (GOM) deepwater well blowout with BP plc behind them, Anadarko Petroleum Corp. senior officials Tuesday tried to look past third quarter red ink to what they consider hot domestic shale and African liquefied natural gas (LNG) prospects.

A coalition of prospective end-users of compressed natural gas (CNG) for vehicular use has expressed support for Spectra Energy’s proposed expansion of its Texas Eastern Transmission (Tetco) and Algonquin Gas Transmission systems to serve the New Jersey and New York gas markets. It is one of the few backers of the project in New Jersey.

In a crowd packed with opponents, a coalition of prospective end-users of compressed natural gas (CNG) for vehicular use has expressed support for Spectra Energy’s proposed expansion of its Texas Eastern Transmission (Tetco) and Algonquin Gas Transmission systems to serve the New Jersey and New York gas markets.