Statoil

Global natural gas demand is forecast to grow faster than total energy demand, on average by 1.6% a year until 2040, resulting in a “moderate” increase in market share, according to Statoil ASA’s chief economist.

Enbridge Inc. unit Enbridge Rail (Philadelphia) LLC and Canopy Prospecting Inc. have formed the Eddystone Rail Co. to develop a unit-train facility and related pipeline infrastructure near Philadelphia, PA, to deliver Bakken and other light sweet crude oil to Philadelphia area refineries.

Two oil and natural gas industry executives lauded the economic success brought about by shale gas development, but warned that continuing success depends in large part upon educating the public on hydraulic fracturing (fracking), training future regulators and policy makers, and exporting liquefied natural gas (LNG).

FERC Monday issued a favorable environmental assessment (EA) of Tennessee Gas Pipeline’s Northeast Upgrade Project, which when combined with the 300 Line expansion that recently went into service, will add 1 Bcf/d of capacity to transport gas from the Marcellus Shale basin to Northeast markets.

ExxonMobil Corp. is suing the Department of Interior for canceling three leases in the Gulf of Mexico (GOM) that could yield “billions of barrels of oil.” Statoil ASA, ExxonMobil’s partner in the disputed offshore Julia Unit, joined the lawsuit that was filed earlier this month.

ExxonMobil Corp. is suing the Department of Interior for canceling three leases in the Gulf of Mexico (GOM) that could yield “billions of barrels of oil.” Statoil ASA, ExxonMobil’s partner in the disputed offshore Julia Unit, filed a similar lawsuit earlier this week.

Energy Transfer Partners LP will construct two pipelines in support of new long-term agreements to provide transportation services from the Eagle Ford Shale in South Texas. The pipelines will expand the partnership’s existing midstream infrastructure in the region, Dallas-based Energy Transfer said Monday.

Chesapeake Energy Corp., Consolidated Edison and Statoil Natural Gas have stepped up with binding precedent agreements for capacity on an expansion of Spectra Energy Corp.’s Texas Eastern Transmission and Algonquin Gas Transmission systems to deliver gas to the New Jersey and New York area. The commitments are enough for the company to proceed with the project, Spectra said.

Chesapeake Energy Corp., Consolidated Edison and Statoil Natural Gas have stepped up with binding precedent agreements for capacity on an expansion of Spectra Energy Corp.’s Texas Eastern Transmission and Algonquin Gas Transmission systems to deliver gas to the New Jersey and New York area. The commitments are enough for the company to proceed with the project, Spectra said Monday.