The Northeast, Great Lakes and Southwest areas of the United States will remain mostly warmer than normal over the next three months, continuing a trend that kept a lid on natural gas consumption and prices through most of the winter, according to forecasters at Andover, MA-based Weather Services International (WSI). But conditions may be ripe for a cooler-than-normal summer overall this year, WSI said.
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S&P: Global LNG Market to Be Tight for Now
For the time being the global market for liquefied natural gas (LNG) will remain tight, with regasification/import projects outpacing liquefaction/export projects, according to analysts at Standard & Poor’s (S&P).
Goldman Sachs Sees $2.10 Through 2-3Q, Higher in 2013
Analysts at Goldman Sachs said Wednesday they expect natural gas prices will remain low this summer, but recommended buying longer-dated natural gas futures on the presumption that slower production, a declining rig count and a return to normal winter weather would boost prices in 2013.
Lycoming County, PA, Becomes Most Active in Marcellus Shale
Marcellus Shale development in Pennsylvania continued to remain level in February. Through the first two months of the year, the Pennsylvania Department of Environmental Protection (DEP) issued 664 permits and operators reported drilling 262 wells into the play. That’s compared to 590 permits issued and 300 wells drilled by the same point a year ago.
Lycoming County Becoming Most Active in Marcellus Shale
Marcellus Shale development in Pennsylvania continued to remain level in February.
California Scrambles to Plan for Long Nuclear Outage
With the latest reports from the operators of the 2,300 MW San Onofre Nuclear Generating Station (SONGS) indicating that two units at the plant will remain idle for an indefinite period, officials at the California Independent System Operator (CAISO) told NGI Tuesday that the state grid operator is in “full contingency planning mode.”
North Dakota Eyes Funding for Shale Boom
Infrastructure, water and housing upgrades remain priorities in western North Dakota to keep up with the continuing robust growth in oil and gas development, according to a report released Tuesday by Gov. Jack Dalrymple.
North Dakota Eyes Funding for Shale Boom
Infrastructure, water and housing upgrades remain priorities in western North Dakota to keep up with the continuing robust growth in oil and gas development, according to a report released Tuesday by Gov. Jack Dalrymple.
Obama Taps Norris for a Second Term at FERC
President Obama on Friday announced his intent to renominate John Norris to remain as a commissioner at FERC and serve a full five-year term to mid-2017.
Goodrich Plans ‘Minimum Necessary’ Gas Drilling
During 2012 Goodrich Petroleum will continue to emphasize oil-directed drilling over natural gas with the majority of its focus, and spending, on the Eagle Ford Shale of South Texas, the company said Wednesday.