Three years after the Macondo well blowout and resulting drilling moratorium, oil and gas exploration has been slowly but surely returning to the Gulf of Mexico (GOM). On Wednesday Royal Dutch Shell plc reported a successful exploratory well at Vicksburg in the deepwater GOM.
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NEB: Gas Glut Won’t Float Away Anytime Soon
Plans to export liquefied natural gas (LNG) — including the long lineup of terminals proposed for the northern Pacific Coast of British Columbia (BC) — are moving too slowly to cut the North American supply glut for at least three years, according to the National Energy Board (NEB).
NEB: NatGas Glut to Continue
Plans to export liquefied natural gas (LNG) — including the long lineup of terminals proposed for the northern Pacific Coast of British Columbia (BC) — are moving too slowly to cut the North American supply glut for at least three years, according to the National Energy Board (NEB).
LNG Pieces Falling Into Place
The global liquefied natural gas (LNG) market advanced, slowly, on a number of fronts last week.
Analysts See U.S. Oil Rig Count Drifting Lower As Gas Slowly Recovers
The U.S. oil rig count will continue to “drift slowly lower” in 2013 and 2014 in part because of technology and in part to balance the market, according to an updated analysis by Raymond James & Associates Inc.
Report: California’s Gas Demand Decline to Slowly Reverse
After a decade of steady decline, natural gas demand in California is forecast to grow annually, albeit slowly, during the next 10 to 15 years, an updated statewide report to the state legislature says.
Post-Isaac, GOM Production Slowly Returning
Oil and gas operators continued to report mostly minor damage as a result of Hurricane Isaac, and production in the Gulf of Mexico (GOM) was slowly returning to normal Thursday, the Bureau of Safety Environmental Enforcement (BSEE) said.
Hurricane Isaac Takes Aim at New Orleans
Isaac, a Category 1 hurricane as of late Tuesday, was expected to make landfall near the mouth of the Mississippi River at about 7 p.m. CDT and then jog slowly through the night toward New Orleans before striking there early Wednesday, the National Hurricane Center (NHC) said.
Deloitte Survey Sees Era of Energy Frugality Emerging in U.S.
U.S. businesses and consumers are becoming more frugal about their energy consumption, even as the economy slowly begins to recover, according to a new survey from the Deloitte Center for Energy Solutions.
Raymond James: U.S. Gas Production Strikes Back
The U.S. natural gas rig count peaked more than a year ago in August 2010 and continues to drift slowly lower, but the country’s still swimming in gas and there’s no drought in sight, Raymond James & Associates Inc. said last week.