Space

Onshore drilling activity in the United States and Canada has begun to pick up, with excess pressure pumping capacity “being absorbed ever so slowly,” the top financial officer for Baker Hughes Inc. said this week.

Chesapeake Energy Corp. founder Aubrey McClendon, who was forced to retire as CEO on April 1, has leased office space in Oklahoma City and lured two executives to what appears to be the start of at least one new company.

Chesapeake Energy Corp. founder Aubrey McClendon, who was forced to retire as CEO on April 1, has leased office space in Oklahoma City and lured two executives to what appears to be the start of at least one new company.

A winter drilling season with potential to fulfill Canadian northern oil visions has begun, with an adventurous spirit driving bits down into an all but untouched shale deposit known as the Canol.

NuStar Energy LP is buying Eagle Ford Shale crude oil pipeline, gathering and storage, and natural gas liquids (NGL) assets for $425 million from TexStar Midstream Services LP. The deal is part of NuStar’s transition to a fee-based pipeline and storage business and away from margin-based refining and marketing.

NuStar Logistics LP, an affiliate of NuStar Energy LP, is holding a binding open season for firm priority space to transport crude petroleum from the Niobrara Shale near Platteville and Watkins, CO, to Wichita Falls, TX.

Natural Gas Pipeline Co. of America (NGPL) has kicked off an open season for space on its Sabine Henry Hub Project for deliveries to a proposed new delivery point to be located in Cameron Parish, LA — the site of an existing liquefied natural gas terminal and proposed export facility. The pipeline, which is a subsidiary of Kinder Morgan, proposed the $8.6 million project after it received a request from a shipper, which NGPL declined to identify, for 225,000 Dth/d of firm capacity to transport gas to the proposed delivery point at Cameron Parish. The shipper has subscribed the entire capacity of the expansion for a primary term of 10 years and has agreed to bear the full cost of the project. Depending on the open season reason, NGPL will “evaluate whether a bigger project makes economic sense based on the bids received in response to the open season,” said Kinder Morgan spokesman Joe Hollier. As part of the expansion, new meter facilities would be installed at the the interconnection between NGPL and Sabine Henry Hub to allow the bi-directional flow of up to 500,000 Dth/d in each direction. The open season will run through Oct. 15.

Natural Gas Pipeline Co. of America (NGPL) has kicked off an open season for space on its Sabine Henry Hub Project for deliveries to a proposed new delivery point to be located in Cameron Parish, LA — the site of an existing liquefied natural gas (LNG) terminal and proposed export facility.

A comeback for coal in the power generation space could come next year on the expected rise in demand for electricity and corresponding increases in natural gas prices to more normal levels, according to global coal mining equipment supplier Joy Global Inc.