A massive container ship ran aground Tuesday in the Suez Canal, clogging one of the world’s most heavily trafficked shipping lanes and creating logistical hurdles for the liquefied natural gas (LNG) and oil trade, as well as for other commodities. “The transit point is extremely vital,” ClipperData’s Matt Smith told NGI. Smith is director of…
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Taxpayer Advocate Calls Marcellus Fee a ‘Tax’
The debate over generating revenue from the natural gas industry in Pennsylvania took a linguistic turn this week when a national tax opponent said that an impact fee working through the General Assembly is actually a tax.
Omnibus Lands Bill Stuck in House
The $10-12 billion omnibus lands package, which would remove millions of acres of public lands as prospects for potential oil and natural gas development, appears to be stuck in the House over procedural issues.
Omnibus Lands Bill Stuck in House
The $10-12 billion omnibus lands package, which would remove millions of acres of public lands as prospects for potential oil and natural gas development, appears to be stuck in the House over procedural issues.
Futures Finish Week Sub-$5 and 13% Lower Than Previous Week
Fittingly enough, traders of February natural gas futures stuck with their trend of the week Friday by continuing to side with the faltering economy over chilly temperatures. The prompt-month contract ended up dropping 4.2 cents Friday to close at $4.801, which was 71.5 cents, or 13% lower than the previous week’s finish.
Prospects Appear to Dim for Northern Gas Pipelines
The fate of two major long-haul natural gas pipelines intended to carry supplies to the Lower 48 appears to be stuck in neutral because of growing U.S. onshore production and the global financial crisis, U.S. and Canadian energy officials said.
Prospects Appear to Dim for Northern Gas Pipelines
The fate of two major long-haul natural gas pipelines intended to carry supplies to the Lower 48 appears to be stuck in neutral because of growing U.S. onshore production and the global financial crisis, U.S. and Canadian energy officials said.
Futures Tread Water as Traders Question Market’s Bullish Stance
Stuck within the recent trading range of $7.500 to $8.500, natural gas futures traders appear unable to reconcile the current price level with record storage levels and forecasts for a warm winter. On Tuesday, December natural gas futures punched back up above $8 for a second consecutive session, but much like Monday, traders were unable to sustain the momentum as the contract fell in the afternoon to close at $7.949, down 1.2 cents on the day.
ExxonMobil, Chevron CEOs Call for More U.S. Drilling Access
The debate about where producers may or may not drill in the United States “seems to be stuck in a time warp of the 1960s” that fails to take into account the energy industry’s ability to drill with precision and with a minimal environmental footprint, ExxonMobil Corp. CEO Rex Tillerson said last week. “It is time the public debate on access in this country moves forward.”
Access Issues Said ‘Stuck in Time Warp’
The debate about where producers may or may not drill in the United States “seems to be stuck in a time warp of the 1960s” that fails to take into account the energy industry’s ability to drill with precision and with a minimal environmental footprint, ExxonMobil Corp. CEO Rex Tillerson said Tuesday. “It is time the public debate on access in this country moves forward.”