The number of natural gas vehicles (NGV) worldwide will nearly double between now and 2020, according to a report released last week by Navigant Research. NGVs on the roadway will increase steadily from 18.2 million now to 34.9 million by 2020, Navigant said.
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House OKs U.S.-Mexico Transboundary Agreement
The Republican-led House on Thursday passed legislation that would enact the terms of a U.S.-Mexico transboundary agreement governing the development of shared oil and gas resources along the two countries’ maritime boundary in the Gulf of Mexico. President Obama last week said he opposed the bill, but he stopped short of saying he would veto it.
Bakken Effort Aims to Up Pace of BLM Permitting
With industry, a U.S. senator and North Dakota state officials all focused on robust permitting applications for oil and natural gas development in the Bakken Shale, the Bakken Federal Executives Group is the latest attempt to streamline federal processes that are criticized for being too slow.
Traders Circumspect About Collapsing Northeast Basis; Futures Ease
Cash natural gas prices Friday for Monday delivery followed the lead of Thursday’s futures and fell 16 cents on average. Almost all points fell into the loss column, and only a few market points escaped double-digit losses.
EIA: Lower 48 NatGas Production Up; April A Record Month for Dry Gas
Lower 48 gross natural gas production during April increased 0.8% (0.57 Bcf/d) to 73.24 Bcf/d from a revised March figure of 72.67 Bcf/d, the U.S. Energy Information Administration (EIA) said Friday. In a separate report, EIA said overall April dry gas production set a record for the month, although it was “a small increase” from April 2012.
House OKs U.S.-Mexico Transboundary Agreement
The Republican-led House Thursday passed legislation that would enact the terms of a U.S.-Mexico transboundary agreement governing the development of shared oil and gas resources along the two countries’ maritime boundary in the Gulf of Mexico. President Obama earlier this week said he opposed the bill, but he stopped short of saying he would veto it.
Senate Unanimously Confirms Charlotte Mayor as DOT Secretary
The Senate Thursday unanimously confirmed Anthony Foxx, the mayor of Charlotte, NC, to succeed Ray LaHood as secretary of the Department of Transportation (DOT), which oversees the safety of the nation’s natural gas and hazardous pipeline infrastructure, as well as roads, airports and railways.
California Bucks National Trend; July Expires Firm
Physical natural gas prices Wednesday for Thursday delivery fell an average of 8 cents nationally as double-digit, power-driven declines in the East and Northeast prompted declines in next-day gas that at some points exceeded $1.00. On the West Coast, however, prices made small advances as the independent system operator predicted high next-day power loads. At the close of trading the expiring July contract had added 6.0 cents to $3.707 and August rose 6.7 cents to $3.737. August crude oil gained 18 cents to $95.50/bbl.
Cyber Attacks on U.S. Oil, Natural Gas Operators Expected to Multiply
Cyber attacks on the oil and gas industry ranging from espionage by foreign intelligence services to attempts to interrupt a company’s physical operations are posing “an increasingly challenging problem for U.S. national security and economic competitiveness,” according to a new study by the Council on Foreign Relations (CFR).
Obama Cracks Down on Coal, Encourages Fuel-Switching to NatGas
The White House climate action plan, announced in a speech Tuesday, comes down hard on coal-fired power plants, pledges continued support for the development and use of non-polluting renewable energy and promotes “cleaner-burning natural gas” as a bridge to a clean future.