Small pipeline projects intended to achieve big increases in Canadian imports of shale gas from the United States were launched last Tuesday in Ontario by Union Gas Ltd. and Enbridge Gas Distribution Inc.
Articles from Small
Small pipeline projects intended to achieve big increases in Canadian imports of shale gas from the United States were launched Tuesday in Ontario by Union Gas Ltd. and Enbridge Gas Distribution Inc.
The U.S. Environmental Protection Agency (EPA) will perform water sampling at about 61 homes in Dimock — the small Susquehanna County, PA, township where some state officials believe hydraulic fracturing (fracking) may have contaminated water wells — “to further assess whether any residents are being exposed to hazardous substances that cause health concerns,” EPA said.
The freefall in natural gas futures prices of the last few weeks received a small reprieve on Friday after the February contract managed to eke out a 2.1-cent gain to close the week at $2.343. However, market bulls might as well cool their heels as Friday’s close marked a 32.7-cent decline from the previous week’s close.
January natural gas managed a small gain Wednesday as traders saw an ongoing tussle between algorithmic traders taking profits on short positions matched up against a cadre of willing sellers. At the close January natural gas had risen 2.7 cents to $3.155 and February had gained 2.8 cents to $3.198. February crude oil gained $1.43 to $98.67/bbl.
Two environmental groups in California have sued the federal Bureau of Land Management (BLM) to prevent the use of hydraulic fracturing (fracking) in the Monterey Shale play in north-central parts of the state.