Tight

America’s “shale revolution,” combined with increased Gulf of Mexico oil production, the potential for major deposits in the Arctic, and growth in tight and heavy oil, including oilsands, makes North America’s energy picture much brighter than it was not that long ago, Royal Dutch Shell plc CEO Peter Voser said recently at the Chief Executives Club of Boston.

The U.S. Energy Information Administration (EIA) said natural gas production in Pennsylvania increased 69% in 2012, despite a reduction in drilling activity.

Promising economic multipliers from Louisiana’s tight bond with natural gas, defense and space giant Lockheed Martin said last Tuesday it plans to transfer its nearly four decades of experience building space shuttle tanks to the expanding use of liquefied natural gas (LNG) for storage and transportation.

Promising economic multipliers from Louisiana’s tight bond with natural gas, defense and space giant Lockheed Martin said Tuesday it plans to transfer its nearly four decades of building space shuttle tanks to the expanding use of liquefied natural gas (LNG) for storage and transportation.

Natural gas production from unconventional sources in Pennsylvania hit a record 2.04 Tcf in 2012, as the state’s Marcellus/Utica shale gas for the first time edged ahead of the granddaddy Barnett Shale in Texas.

The Commodity Futures Trading Commission (CFTC) is remaining tight lipped about a reported examination of Nymex natural gas futures trades made in advance of the Energy Information Administration’s (EIA) Feb. 7 storage report for the week ending Feb. 1.

The Commodity Futures Trading Commission (CFTC) is remaining tight lipped about a reported examination of Nymex natural gas futures trades made in advance of the Energy Information Administration’s (EIA) Feb. 7 storage report for the week ending Feb. 1.

ConocoPhillips has entered into an agreement with China Petrochemical Corp., a state-owned company also known as Sinopec Group, to perform a study of unconventional oil and natural gas resources in China’s Sichuan Basin.

New England’s reliance on natural gas to fuel power generators “could create operational challenges if natural gas supplies become tight this winter,” which would force the region to turn to oil- coal-fired generation “to lessen any operational risks” to the power system, according to a winter forecast issued Tuesday by ISO New England Inc. (ISO-NE).