Remains

BP plc’s operating performance remains “satisfactory overall,” which merits a revised outlook to “stable” from “negative,” Standard & Poor’s Ratings Services (S&P) said Wednesday.

The natural gas liquids (NGL) in shale gas offer the United States a “tremendous opportunity” to strengthen manufacturing, boost economic output and create jobs, according to a report by the American Chemistry Council (ACC).

Calgary-based Progress Energy Resources Corp.’s chief executive said Thursday the company has found a “critical” partner to help market its natural gas in the Montney Shale of British Columbia after securing Malaysia’s national oil company Petronas (Petroliam Nasional Berhad) in a joint venture (JV) valued at about C$1.07 billion.

Mostly small losses continued Thursday at nearly all points. Not much heating load remains in any market area; the South is only gradually building up to some significant cooling demand, and a minimal amount of the previously estimated potential quarter Bcf/d of South Louisiana shut-ins due to flooding is occurring.

The possibility of hydraulic fracturing (hydrofracking) contaminating groundwater by leaking to the surface through natural fractures remains “very, very unlikely,” according to the forefather of Marcellus Shale geology.

The possibility of hydraulic fracturing (hydrofracking) contaminating groundwater by leaking to the surface through natural fractures remains “very, very unlikely,” according to the forefather of Marcellus Shale geology.

With a 16% worldwide market share, Russia’s Gazprom remains the “undisputed leader” of global natural gas producers, followed by ExxonMobil Corp., with a 4% share, according to a new report by Societe Generale (SG).

One year after the Macondo well blowout in the deepwater Gulf of Mexico (GOM) the legal outcome remains “far from certain” for three of the five principal companies involved, Moody’s Investors Service said last week.

One year after the Macondo well blowout in the deepwater Gulf of Mexico (GOM) the legal outcome remains “far from certain” for three of the five principal companies involved, Moody’s Investors Service said Tuesday.