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ExxonMobil Corp. regained the top spot in a ranking of the 50 largest listed energy companies in 2010, lifted by its buyout of XTO Energy Inc. and a 7% gain in share price growth, according to the PFC Energy 50 annual ranking.

British Columbia’s (BC) natural gas industry this year saw more investment, increased market share and more wells drilled, boosting the province’s economic recovery, according to the BC Ministry of Energy.

British Columbia’s (BC) natural gas industry this year saw more investment, increased market share and more wells drilled, boosting the province’s economic recovery, according to the BC Ministry of Energy.

Residents of Dimock Township in Susquehanna County, PA, whose drinking water supplies were contaminated by natural gas, are to receive a share of $4.1 million that Cabot Oil & Gas Corp. agreed to pay under a settlement negotiated with the state’s Department of Environmental Protection (DEP).

Residents of Dimock Township in Susquehanna County, PA, whose drinking water supplies were contaminated by natural gas, are to receive a share of $4.1 million that Cabot Oil & Gas Corp. agreed to pay under a settlement negotiated with the state’s Department of Environmental Protection (DEP).

Residents of Dimock Township in Susquehanna County, PA, whose drinking water supplies were contaminated by natural gas, are to receive a share of $4.1 million that Cabot Oil & Gas Corp. agreed to pay under a settlement negotiated with the state’s Department of Environmental Protection (DEP).

Natural gas drilling in Pennsylvania’s Marcellus Shale over the next two decades could impact the state’s forests and alter several thousand acres of habitat, The Nature Conservancy said Monday in a study.

The U.S. State Department signed a memorandum of understanding (MOU) with India’s Ministry of Petroleum and Natural Gas that will allow the two countries to share technical expertise on shale gas resources. Preliminary estimates by India’s Association of Petroleum Geologists indicate that India’s shale gas reserves may be larger than its proven conventional gas deposits. The MOU would help India assess its shale gas resources and help to train Indian personnel. As part of the agreement, the U.S. Geological Survey plans to study India’s shale gas resources. The United States also would help India prepare for its first shale gas auction, which is scheduled to be held by the end of 2011.

Noting that while there are “important questions” about the environment, it has been reported that the Marcellus Shale could provide enough gas to meet U.S. demand for decades, while creating thousands of jobs, and most important can be developed responsibly, according to John Felmy, chief economist with the American Petroleum Institute (API).