Sent

Assuming the U.S. Department of Energy (DOE) decides to allow export of U.S. liquefied natural gas (LNG), the agency will likely leave it up to markets to determine how much LNG is sent abroad, two industry veterans told NGI.

Corridor Resources Inc. and partner Petrolia Inc. are conducting a three-part exploration program on Anticosti Island in the Gulf of Saint Lawrence to advance the “exploration and development potential of the vast shale oil prospect” on the 3,050 square-mile island, Corridor said.

Three liquefied natural gas (LNG) shipments have been sent to Japan out of the Kenai LNG plant on Alaska’s Kenai Peninsula in recent weeks, according to operator ConocoPhillips.

Chesapeake Energy Corp. shareholders were urged in a letter sent Thursday by the New York City comptroller to vote against the only two board members up for reelection in June. Meanwhile, the board on Friday adopted a compensation arrangement for outside directors that reduces compensation by 20% and eliminates personal travel on aircraft in which the company has a stake.

The Environmental Protection Agency (EPA) on Friday released a draft of its long-awaited guidance to oil and natural gas producers on the use of diesel fuel in hydraulic fracturing (fracking).

Chesapeake Energy Corp. defended itself against a story in an upcoming issue of Rolling Stone magazine that the producer is claiming contains several inaccuracies.

Chesapeake Energy Corp.’s announcement it also will slash its domestic dry gas spending by 70% this year and cut in half operated gas drilling activity sent its natural gas prices up and its own share price soaring on Monday.

A sweeping pipeline safety bill backed by industry and safety advocates alike passed both houses of Congress last week and will be sent to President Obama, who is expected to sign the bill into law before the end of the year.

The potential negative impacts of exporting liquefied natural gas (LNG) could be significant and far-reaching, according to a letter sent to Energy Secretary Steven Chu last week by Rep. Edward Markey (D-MA), ranking member of the House Natural Resources Committee.