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.
Sector
Articles from Sector
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.
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.
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.
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.
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.
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.
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).
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).
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.