Rival

In a split decision, the Allegheny County Council voted on Tuesday to accept a deal with Consol Energy Inc. for Marcellus Shale natural gas drilling rights at Pittsburgh International Airport.

A competitive market for compressed natural gas (CNG) — chiefly as a new rival against oil products — has opened for business across most of Nova Scotia. And it’s Eastern Canada’s chief oil refiner, Irving Oil, that will be delivering the trucked gas to coastal fish processors, hospitals, universities and other large commercial users as early as next year.

Effective immediately, a competitive market for compressed natural gas (CNG) — chiefly as a new rival against oil products — is open for business across most of Nova Scotia. And it’s Eastern Canada’s chief oil refiner, Irving Oil, that will be delivering the trucked gas to coastal fish processors, hospitals, universities and other large commercial users as early as next year.

A landowner uprising is buying time for Canadian natural gas suppliers to mount a resistance campaign against a plan to import rival production from the United States.

A landowner uprising is buying time for Canadian natural gas suppliers to mount a resistance campaign against a plan to import rival production from the United States.

Responding to rival exchange CME Group’s most recent letter to the Commodity Futures Trading Commission (CFTC), IntercontinentalExchange (ICE) contends that CME has “undermine[d] their argument” that the agency’s proposed expansion of conditional spot month limits for all major physical commodities would heighten the threat of price manipulation.

Europe’s unconventional commercial gas reserves likely rival those in North America and could begin making contributions to supply in 10 to 15 years, according to IHS Cambridge Energy Research Associates (IHS CERA).

Oklahoma City-based Devon Energy Corp. and cross-town rival Chesapeake Energy Corp., which both built their fortunes and their reserves by successfully drilling into shale gas formations, now have too much of a good thing and are building their liquids-rich portfolios to build their revenues, the companies said last week.

The U.S. Federal Trade Commission has given the green light for Calgary-based Suncor Energy Inc.’s friendly takeover of cross-town rival Petro-Canada. Suncor has a refining and gasoline retail business based in Colorado, and Petro-Canada has unconventional natural gas operations in the Lower 48 states. The C$19.6 billion (US$15.5 billion) merger, which would create Canada’s largest energy company, was announced in March (see Daily GPI, March 24). The transaction still requires approval by the Competition Bureau in Canada, and both companies have overlapping retail gasoline operations in Ontario.