Supplier

U.S. LNG Said Taking ‘New Role of Swing Supplier’

U.S. LNG Said Taking ‘New Role of Swing Supplier’

Falling U.S. liquefied natural gas (LNG) output is expected to throw yet another wrench into the global market in the months ahead and drive increased price volatility, according to IHS Markit.

May 28, 2020

North American Drilling Market ‘Uninspiring,’ Says Nabors CEO

Nabors Industries Inc., the largest onshore drilling fleet operator and the biggest supplier of pressure pumping equipment, is not optimistic about seeing gains in the U.S. oil or gas patch through the rest of this year, CEO Tony Petrello said Wednesday.

July 29, 2013
North American Drilling Market ‘Remains Uninspiring,’ Says Nabors CEO

North American Drilling Market ‘Remains Uninspiring,’ Says Nabors CEO

Nabors Industries Inc., the largest onshore drilling fleet operator and the biggest supplier of pressure pumping equipment, is not optimistic about seeing gains in the U.S. oil or gas patch through the rest of this year, CEO Tony Petrello said Wednesday.

July 25, 2013

Industry Briefs

Macquarie Group has priced its first U.S. prepaid natural gas bond transaction for which it is the gas supplier. The transaction will provide Texas Municipal Gas Acquisition and Supply Corp. III (TexGas III) with a 20-year supply from Macquarie. TexGas III has sold and will issue fixed-rate U.S. dollar-denominated serial bonds maturing annually from December 2013 to December 2032 with annual yields of 0.75-4.05%. The bonds have a total par value of about $1.4 billion and were issued at a premium for total proceeds of $1.5 billion. They are rated “A3” by Moody’s Investors Service and “BBB” by Standard and Poor’s Ratings Services. Macquarie will supply 405 Bcf of gas over the term of the deal, which is subject to approval by the Texas Attorney General.

November 29, 2012

GE, Clean Energy to Build LNG Vehicle Fuel Plants

A unit of General Electric and natural gas vehicle (NGV) fuel supplier Clean Energy Fuels Corp. said Tuesday they will partner on the development of two liquefied natural gas (LNG) production/storage facilities to help fuel Clean Energy’s proposed national network for fueling long-haul trucking fleets with LNG.

November 14, 2012

NatGas Supplier Plans to Tap Into Constitution Pipeline

Constitution Pipeline Co. LLC said Friday it would work with Leatherstocking Gas Co. LLC, a New York-based natural gas supplier, to pursue agreements to design, build and operate delivery interconnects along the natural gas pipeline’s proposed 121-mile route, essentially converting it to an “open access pipeline.”

November 7, 2012

U.S. Onshore Drilling Stalls, Says NOV Exec

National Oilwell Varco Inc. (NOV), the largest oilfield equipment supplier in North America, beat profit forecasts in 3Q2012 on solid demand in the deepwater and overseas, but the U.S. land drilling market has stalled, executives said Thursday.

October 29, 2012
‘Everybody’s Hesitating’ in North American Onshore, Says NOV Exec

‘Everybody’s Hesitating’ in North American Onshore, Says NOV Exec

National Oilwell Varco Inc. (NOV), the largest oilfield equipment supplier in North America, beat profit forecasts in 3Q2012 on solid demand in the deepwater and overseas, but the U.S. land drilling market has stalled, executives said Thursday.

October 26, 2012

Deepwater Demand Said to Be ‘High and Rising’

The largest oilfield supplier in North America is seeing strong demand for its products and services in the deepwater and overseas, but the U.S. natural gas and oil onshore drilling market is going nowhere today.

October 26, 2012

Study Aims to Give Regional Businesses a Crack at Marcellus Shale Boom

Drawing up a blueprint for regional companies that want to capture the lucrative business opportunities brought on by rampant Marcellus Shale oil and natural gas development in Pennsylvania, University of Pittsburgh researchers this month released a Pitt Business Working Paper titled “Understanding the Marcellus Shale Supply Chain.”

June 13, 2012
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