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BP’s New Supercomputer to Ramp Up Hunt for Oil, NatGas

The largest supercomputing complex for commercial research in the world, designed to provide a technological cutting edge in the global hunt for oil and natural gas, is under construction in Houston and will open by the middle of next year, officials with BP plc said Thursday.

December 10, 2012

Industry Briefs

The University of Massachusetts is switching the Central Heating Plant at its Amherst campus from oil to a liquefied natural gas system, a project that could provide $2 million of fuel cost savings annually, according to the university’s five-year capital plan. The $1.2 million project, which is going into operations this month, will allow the plant to end its practice of burning oil when winter conditions cause gas curtailments, according to The Massachusetts Daily Collegian. The plant will rely primarily on natural gas from Tennessee Gas Pipeline’s Northampton Lateral.

December 6, 2012

CNG In A Box Unveiled by Chesapeake, GE

CNG In A Box, a project launched earlier this year to provide compressed natural gas (CNG) refueling options for large- and small-scale retailers, was unveiled Monday by GE and a Chesapeake Energy Corp. affiliate, Peake Fuel Solutions.

October 9, 2012

Waste Not, Want Not Aim of Eagle Ford Recycling Project

To reduce the amount of drilling waste that has to be transported to landfills and to provide a renewable solution, Chesapeake Energy Corp. has begun an innovative recycling project with TWMA Ltd. in the Eagle Ford Shale.

October 9, 2012

Coalition Wants CFTC Guidance on ‘Notional Amount’

A coalition of energy groups and other stakeholders on Thursday called on the Commodity Futures Trading Commission (CFTC) to provide the industry with guidance to calculate the “notional amount” of certain commodity swaps, a prerequisite to determine which entities will be subject to or exempt from the new regulations under the Dodd-Frank Wall Street Reform and Customer Protection Act.

September 24, 2012

Coalition Calls for CFTC Clarity on ‘Notional Amount’

A coalition of mostly energy groups Thursday called on the Commodity Futures Trading Commission (CFTC) to provide the industry with guidance for calculating the “notional amount” of certain commodity swaps, a prerequisite to determining which entities will be subject to or exempt from the new regulations under the Dodd-Frank Wall Street Reform and Customer Protection Act.

September 21, 2012

Partners Slate $500M for NGL Midstream in Liquids-Rich Plays

Investment funds affiliated with Riverstone Holdings LLC, and Kaiser Midstream, a midstream services company owned by Tulsa, OK, billionaire George B. Kaiser, are partnering with Sage Midstream LLC to form a new company with up to $500 million of equity commitments.

September 10, 2012

Cabot, Dimock Families Near Settlement

Most of the Dimock Township, PA, residents who filed a lawsuit against Cabot Oil & Gas Corp., alleging the company contaminated their water wells, have agreed to an undisclosed settlement, according to documents filed in federal court on Monday.

August 16, 2012

DCP Midstream Doubling Up for DJ Basin Production

DCP Midstream LLC is in the process of doubling its natural gas processing capacity in the Denver-Julesburg (DJ) Basin by the end of 2014 as drilling and completion technologies unlock more gas, the company said.

August 8, 2012

FERC OKs More Processing for Uinta Producers

FERC last Thursday issued two orders that will allow Questar Pipeline Co. and Chipeta Processing LLC to modify their facilities to provide producers in the Uinta Basin with greater transportation and cryogenic processing capability for liquids-rich natural gas.

July 23, 2012