Teamed

Royal Dutch Shell plc and Qatar Petroleum have teamed up with Qatar Airways to produce a natural gas-based aviation jet fuel, which was used on a commercial jetliner from Qatar last week.

MarkWest Energy Partners LP, which teamed up with private equity fund The Energy & Minerals Group (EMG) three years ago to create one of the largest natural gas processing companies in the Marcellus Shale, now sees a “critical” need to create similar midstream infrastructure in the emerging Utica Shale, CEO Frank Semple said last week.

MarkWest Energy Partners LP, which teamed up with private equity fund The Energy & Minerals Group (EMG) three years ago to create one of the largest natural gas processing companies in the Marcellus Shale, now sees a “critical” need to create similar midstream infrastructure in the emerging Utica Shale, CEO Frank Semple said late Monday.

A “supportive” 75 Bcf natural gas storage build teamed with a small uptick in crude futures values to halt the August natural gas futures down-day streak at seven as the contract picked up 5.5 cents Thursday to close at $3.408.

A smaller than expected natural gas storage injection teamed with continued crude futures strength to spring July natural gas futures above $4 temporarily on Thursday. After recording a high of $4.067 just after 1 p.m. EDT, the prompt-month contract ended up closing the day’s regular session up 22.5 cents from Wednesday’s finish at $3.933, while July crude futures topped out north of $73/bbl before coming to rest at $72.68/bbl, up $1.35 from Wednesday.

The United States and Canada teamed up last Thursday as President Barack Obama and Prime Minister Stephen Harper announced the opening of a “Clean Energy Dialogue” aimed at developing energy technologies to reduce greenhouse gases and combat climate change.

The United States and Canada teamed up on Thursday as President Barack Obama and Prime Minister Stephen Harper announced the opening of a “Clean Energy Dialogue” aimed at developing energy technologies to reduce greenhouse gases and combat climate change.

Continued equity market uncertainty, a weather outlook that is neutral at best and comfortable natural gas storage levels teamed up on Monday to help the November natural gas futures contract to plunge below $6 for the first time since Sept. 24, 2007. The prompt-month contract on Monday traded mostly between $6.050 and $6.200 in the regular session before closing at $6.121, down 11.8 cents from Friday’s finish.

Coming off the holiday weekend, some not-often-seen weakness in crude futures and natural gas futures price resistance at $12 teamed to push June natural gas lower on Tuesday, one day ahead of the contract’s expiration. The prompt-month contract recorded a high of $12.034 just after noon EDT, which triggered a round of selling that left June to finish the day’s regular session at $11.801, down 5.6 cents from Friday’s close.