Toward

Just one day after it began, Royal Dutch Shell plc on Monday halted drilling in Alaska’s Chukchi Sea for safety reasons as sea ice began moving toward a drillship.

A bet to procure a big reserve of guar gum, an additive used in hydraulic fracturing (fracking) fluid, proved to be a costly mistake in the second quarter, Halliburton Co. CEO Dave Lesar told energy analysts on Monday.

During a year in which producers shifted their spending away from natural gas and toward oil and away from amassing acreage to developing what was previously acquired, “everything was up,” Ernst & Young LLP’s Charles Swanson, Houston managing partner, told reporters in Houston last week at a briefing on the company’s latest U.S. exploration and production (E&P) benchmark study.

The top gas executive for San Francisco-based Pacific Gas and Electric Co. (PG&E) told NGI last week that the combination utility is less than half way toward becoming a “top quartile” gas distribution and transmission pipeline operation and still needs to fulfill almost a dozen federal recommendations made following the September 2010 explosion of a transmission pipeline in San Bruno, CA.

The top gas executive for San Francisco-based Pacific Gas and Electric Co. (PG&E) told NGI Tuesday the combination utility is less than half way toward becoming a “top quartile” gas distribution and transmission pipeline operation but it still needs to fulfill a dozen recommendations from federal regulators following the September 2010 rupture and explosion of the transmission pipeline in San Bruno, CA, he said.

During a year in which producers shifted their spending away from natural gas and toward oil and away from amassing acreage to developing what was previously acquired, “everything was up,” Ernst & Young LLP’s Charles Swanson, Houston managing partner, told reporters in Houston Tuesday at a briefing on the company’s latest U.S. exploration and production (E&P) benchmark study.

The electric power generation sector’s turn away from coal and toward natural gas is likely to be a gradual one over the next decade, according to a report from Moody’s Investors Service.

The electric power generation sector’s turn away from coal and toward natural gas is likely to be a gradual one over the next decade, according to a report from Moody’s Investors Service.

The historic shift of global energy markets toward increased use of natural gas will create opportunities for economic growth and environmental progress, ExxonMobil Corp. CEO Rex W. Tillerson said last week at the 25th World Gas Conference in Malaysia. Separately, Royal Dutch Shell plc CEO Peter Voser told delegates that abundant unconventional gas reserves were quickly rebuilding the U.S. economy.