Raymond James & Associates Inc. energy analysts on Monday modestly reduced their near-term outlook for U.S. drilling activity and raised expectations for 2013, but only slightly. Drilling activity in the coming year still is “much lower than consensus expectations,” but the natural gas rig count should begin to stabilize.
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Customers Spot ‘Stale Market Data’ Following CME Globex NatGas Outage
Traders were scratching their heads Friday morning as CME Globex natural gas futures and options markets went dark at 10:04 a.m. EDT.
September 10, 2012
Canadian Gas Producers Laud Horn River Seismicity Recommendations
Canada’s natural gas producers on Thursday threw their support behind an indepth study by the British Columbia (BC) Oil and Gas Commission (OGC) on “observed induced seismic activity” in the Horn River Basin, which concluded that operators should conduct more monitoring and data collection to ensure continued community safety.
August 31, 2012
Gulf Coast Operators Ready for Post-Isaac Assessments
Oil and natural gas operators that work in the Gulf of Mexico (GOM) and along the Gulf Coast were beginning assessments of their facilities now that Isaac has been downgraded to a tropical storm, officials said Wednesday.
August 30, 2012
Gas Groups: New Fuel Economy Standards Promote NGV Sales
Natural gas groups Tuesday expressed their support for the Obama administration’s new standards requiring automakers to increase the average fuel efficiency of new cars and light-duty trucks to 54.5 miles per gallon (mpg) by 2025, nearly double that of cars currently on the road.
August 29, 2012
Canada Not Accommodating Environmentalists
An abrupt lesson in a no-nonsense spirit guiding Canadian regulatory reform has been dealt out to environmental protesters and their political supporters. The National Energy Board (NEB) made an example of an attempt to inject green resistance into a pipeline toll case. The protest was rejected without NEB even seeking replies to an initial protest letter to the agency.
August 27, 2012
Canadian Reforms Less Accommodating of Environmentalists
An abrupt lesson in a no-nonsense spirit guiding Canadian regulatory reform has been dealt out to environmental protesters and their political supporters.
August 27, 2012
Cash Quiet While Futures Swing Back And Forth
A vast majority of natural gas cash points took their cue from Tuesday’s 10.5-cent increase in September futures to post gains — albeit small — on Wednesday for Thursday delivery. However, if they continue to follow that model, declines could be in store on Thursday as the prompt-month futures contract on Wednesday gave nearly all of the prior-day’s gains away.
August 16, 2012
Chimera, Pemex Collaborate on Non Hydraulic Extraction System
Chimera Energy Corp. officials traveled to Mexico City Monday to continue their discussions with Pemex on the use of the U.S. company’s new nonhydraulic extraction system that aims to replace hydraulic fracturing (fracking).
August 15, 2012
Eagle Rock Buys BP Panhandle System, Secures Processing Agreement
BP America Production Co. on Friday said it is selling the Sunray and Hemphill natural gas processing plants in the Texas Panhandle, together with their 2,500-mile associated gas gathering pipeline system, to Houston midstream operator Eagle Rock Energy Partners LP for $227.5 million in cash.
August 13, 2012
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