Sector

Fed Reports Increased Activity in Shale Plays, But Some Concerns on Volatility, Job Shortages

Economic activity increased in all 12 districts monitored by the Federal Reserve between mid-February and the end of March, with hiring in the energy sector picking up steam in the Dallas, Kansas City and Minneapolis districts, home to the some of the nation’s prolific shale plays.

April 20, 2017
Deloitte Finds M&A Activity Lowest Since Great Recession

Deloitte Finds M&A Activity Lowest Since Great Recession

Despite predictions that the oil and gas industry would consolidate in the wake of low commodity prices, merger and acquisition (M&A) activity during the first half of 2016 fell to levels not seen since 2008-09, according to a report by Deloitte Center for Energy Solutions.

August 11, 2016
Smattering of E&P Resurgence in U.S. Onshore, But Only in ‘Best Stuff’

Smattering of E&P Resurgence in U.S. Onshore, But Only in ‘Best Stuff’

A few onshore explorers have signaled they plan to ramp up in a few select locations in the next couple of months, but that’s the exception rather than the rule, with more pain for the sector still to come, an analyst said this week.

June 26, 2015

Southwestern Energy Joins IOCs to Reduce Methane Emissions

Houston-based independent Southwestern Energy Co., which only develops natural gas in North America, is one of the initial partners in a multinational coalition of producers that Tuesday committed to slash methane emissions as part of a strategy to tackle climate change by the United Nations (UN).

September 23, 2014

Tenaska Launches NatGas Transportation Fuels Unit

Omaha, NB-based independent energy provider Tenaska said Thursday it is launching a marketing/development company, Tenaska NG Fuels LLC (TNG Fuels), to provide natural gas for the transportation and industrial sectors, both compressed natural (CNG) and liquefied natural gas (LNG).

October 4, 2013

U.S. Gas Exports to Mexico Slated to Double by 2016, Says Barclays

Mexico is greatly expanding its natural gas pipeline and gas-fired power infrastructure while in the upstream sector, state-controlled Petroleos Mexicanos (Pemex) focuses on more-lucrative oil and allows non-associated gas production to dwindle. Increasingly, it will be gas from U.S. shales that comes to the country’s rescue.

October 4, 2013

NGSA Winter Outlook Calls for Flat Gas Prices

Based on projections of flat natural gas demand, record production and unseasonably warm weather, natural gas prices this winter are expected to be flat compared with a year ago, when Henry Hub prices averaged $3.47/MMBtu, according to the Natural Gas Supply Association’s (NGSA) 13th Annual Winter Outlook.

October 3, 2013

U.S. ‘Gas-on-Gas’ Competition Coming, Exec Says

In a broader global energy picture that is a “smorgasbord of fragmented pieces,” the United States is headed for a return to gas-on-gas competition among shale-dominated natural gas basins, according to Jim Duncan, ConocoPhillips chief analyst and commodity market strategist in Houston.

September 16, 2013
Shale Boom to Rekindle U.S. ‘Gas-on-Gas’ Competition

Shale Boom to Rekindle U.S. ‘Gas-on-Gas’ Competition

In a broader global energy picture that is a “smorgasbord of fragmented pieces,” the United States is headed for a return to gas-on-gas competition among shale-dominated natural gas basins, according to Jim Duncan, ConocoPhillips chief analyst and commodity market strategist in Houston.

September 16, 2013
Oil and Gas Industry Employment Grew 40% Over Six Years

Oil and Gas Industry Employment Grew 40% Over Six Years

In the six years spanning 2007 through 2012, total U.S. private sector employment increased by more than one million jobs, or about 1%. However, over the same period, the oil and gas industry — segmented into drilling, extraction and support segments — increased by more than 162,000 jobs, which equates to a 40% increase,” according to a new study from the U.S. Labor Department’s Bureau of Labor Statistics (BLS).

August 12, 2013
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