Schlumberger Ltd. CEO Paal Kibsgaard said this week the North American exploration and production (E&P) sector is facing mounting pressure to build free cash flow and profitability, even as it bucks up against stable oil and natural gas prices that “potentially remain range-bound for some time to come.”
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Numerous NatGas Pipelines Coming to New England
Although New England faces a host of natural gas transmission and storage challenges, many projects are in various stages of development in the region, according to a panel of energy industry executives.
NGP Lays Down More Equity to Create U.S. Onshore Oilfield Services Operator
Private equity from Natural Gas Partners (NGP) is going into yet another new U.S. onshore firm, the latest an oilfield services operator led by a former top executive for Weatherford International.
Ontario Utilities, Fertilizer Manufacturers Seek Fast-Track for More U.S. Shale Gas Imports
A C$2.3 billion (US$2.1 billion) and growing lineup of pipeline and industrial projects has formed in Ontario and Quebec for further increases in Canadian imports of shale gas from the eastern United States.
Trunkline Gas Service Whittled Away to Serve Oil
FERC on Thursday reinforced its decision of last fall to allow Trunkline Gas Co. to convert a looped portion of its 770-mile natural gas line from the Gulf of Mexico to Michigan to use as an oil pipeline, saying the remaining loops were adequate to handle its firm gas service (see Daily GPI, Nov. 8, 2013).
NGI The Weekly Gas Market Report
DC Gives Conditional OK to Replace Old NatGas Pipelines
The Public Service Commission of the District of Columbia (PSC) has given Washington Gas Light Co., a subsidiary of WGL Holdings Inc., conditional approval to implement the first five years of a 40-year plan to replace aging, corroded or leaking natural gas pipelines under the nation's capital.
NW Natural Gets OK to Offer CNG Service to Fleets
The Oregon Public Utility Commission (PUC) on Wednesday approved Portland-based NW Natural’s proposal to offer compressed natural gas (CNG) services for the first time. The service is restricted to business vehicle fleets.
Regulators Give Thumbs-Up to Vermont Gas Expansion Project
State regulators have approved an application from Vermont Gas Systems (VGS) for Phase 1 of its Addison Rutland Natural Gas Project (ANGP), which would extend service to the towns of Monkton, Ferrisburgh, Vergennes, New Haven, Bristol, Middlebury and East Middlebury in Addison County, the South Burlington, VT-based utility said.
FERC OKs Rate Hike for Tetco’s New Jersey-New York Expansion
The rate hike reflects the larger-than-expected first-year total cost of service of $250.2 million for the expansion, which is expected to go into service on Nov. 1.
New England Getting on Gas Grid, One Town at a Time
Towns across the region continue to push for connection to the natural gas grid.