Sector

U.S. NatGas Rig Count Won’t Top 450 This Year, Says Analyst

U.S. NatGas Rig Count Won’t Top 450 This Year, Says Analyst

The recent surge in natural gas prices may have provoked some optimism in the energy sector, but it’s not enough to encourage more drilling, according to Barclays Capital, which expects the rig count to not surpass 450 this year.

April 1, 2013

Ford Touts ‘More than 350%’ Growth in NGV Sales From 2009

Natural gas for use in the fleet transportation sector continues to make inroads, as evidenced by the recent news out of Ford Motor Co. that sales of Ford trucks with engines prepped for compressed natural gas (CNG) or liquefied petroleum gas (LPG) catapulted more than 350% from 2009 to 2012.

March 7, 2013

Shale Boom Riding the Rails to Find Markets

Unlike natural gas, oil can be carried in a bucket — or in a rail car — as is increasingly the case in the Bakken Shale, for instance, where the drill bit has gotten ahead of the pipeline, way ahead of the pipeline, in offering oil producers a route to market.

February 11, 2013

Oil Industry Concerned About New Pipeline Rules

The U.S. energy pipeline sector’s oil contingent is expressing concerns about the studies used by the Pipeline and Hazardous Materials Safety Administration (PHMSA) to develop new safety requirements for natural gas pipelines.

January 28, 2013

Chesapeake Adds a ‘D’ to NGVs

As natural gas moves into various segments of the transportation sector, there is CNG, LNG and now DNG — diesel natural gas. A unit of Oklahoma-based Chesapeake Energy said Thursday it is offering a conversion kit to allow diesel-powered vehicles to run on DNG.

December 3, 2012

Scottish Firm: NGV Bus Market Heats Up Globally

The market for natural gas-fueled buses is gaining momentum, according to Alexander Dennis Ltd. (ADL), a Scottish firm that hopes to dominate the sector worldwide. It is touting orders in November for more than 1,000 buses worth $352 million, more than half going to Hong Kong.

December 3, 2012

New Brunswick Premier Pushes for More Shale Gas Research

Asserting that a complete moratorium on shale exploration “would limit the potential” for research, the government of the Canadian province of New Brunswick said Tuesday it intends to continue to identify and act on the opportunity for greater scientific work to be done relating to shale gas exploration.

November 28, 2012

Contract Drillers Need ‘Patience,’ Helmerich CEO Says

Riding high on record profits and continuing efficiencies, the contract drilling sector nevertheless faces uncertainties during the first half of next year that require patience and flexibility, said the CEO of Tulsa-based Helmerich & Payne Inc. (HP).

November 19, 2012

Helmerich’s Land-Rig Migration to Horizontal Almost Complete

Riding high on record profits and continuing efficiencies, the contract drilling sector nevertheless faces uncertainties during the first half of next year that require patience and flexibility, said the CEO of Tulsa-based Helmerich & Payne Inc. (HP).

November 16, 2012

Colorado Water District Fights to Serve Oil/Gas Operators

A public-sector water conservancy is appealing to the Colorado Supreme Court for the right to divert and store water for prospective clients, including shale oil and gas operators. A state water court earlier denied the proposal by Yellow Jacket Water Conservancy District.

November 12, 2012