Rely

To increase price transparency in the market, a major group of oil and natural gas producers has called on the Federal Energy Regulatory Commission to rely on price data from IntercontinentalExchange (ICE) rather than on requiring industry members to report individual transactional data.

A small handful of cold, hard numbers tells why Canadian unconventional natural gas is forced to rely on elusive Asian exports of liquefied natural gas (LNG) to thaw out drilling prospects.

A small handful of cold, hard numbers tells why Canadian shale gas is forced to rely on elusive Asian exports of liquefied natural gas (LNG) to thaw out drilling prospects

When natural gas markets make a comeback, an extended foray into horizontal drilling and hydraulic fracturing shows British Columbia will be ready to fulfill expectations of taking over Alberta’s fading role as Canada’s top source of supply growth.

Enbridge Energy Partners LP (EEP) said Tuesday that for at least the next three years, it plans to rely on rail facilities to transport crude oil from the Bakken Shale and Three Forks formations while it launches long-term plans to expand pipelines in the region.

In mid-October North Dakota likely exceeded last year’s record-setting oil and gas production, according to state and industry officials who were quoted in a pre-Thanksgiving report out of Bismarck, ND, by the Associated Press. Separately, other local news reports Sunday depicted state officials as worried about proposed federal rules for hydraulic fracturing (fracking), but they told NGI’s Shale Daily the reports were exaggerated.

As global liquefied natural gas (LNG) markets rely more heavily on spot transactions, the United States has been mostly a wallflower, leaning instead on cheap gas at home. Meanwhile, abundant shale gas supplies in North America — and potentially around the world — have not gone unnoticed in the LNG arena, according to the International Gas Union’s (IGU) newly released World LNG Report for 2010.

As global liquefied natural gas (LNG) markets rely more heavily on spot transactions, the United States has been mostly a wallflower, leaning instead on cheap gas at home. Meanwhile, abundant shale gas supplies in North America — and potentially around the world — have not gone unnoticed in the LNG arena, according to the International Gas Union’s (IGU) newly released World LNG Report for 2010.

Four members of the House of Representatives introduced sweeping legislation Wednesday that, if enacted, will set the nation on course to rely on natural gas for some of the country’s transportation needs over the next seven years. While the legislation was received warmly by the oil and gas industry, industrial gas users were crying foul.