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North America isn’t the only continent that enjoys a shale gas abundance, according to research commissioned by the U.S. Energy Information Administration (EIA). As most in the gas industry already knew, EIA’s study found plenty of gas around the globe, but just how much is hard to determine yet, the agency said Tuesday.

Chevron Corp. could make a bigger push into U.S. unconventional plays once the acquisition of shale operator Atlas Energy Inc. is completed, CEO John Watson said Friday.

Newfield Exploration Co. late Monday said it has agreed to buy 50,000 net acres in the Marcellus Shale from EOG Resources Inc. in a transaction valued at $405 million.

Untapped unconventional gas plays still exist in pockets across North America, but domestic producers are branching out to test prospects in Europe, the Asian Pacific area, Africa and elsewhere to stake their claims in the next big shale plays.

With uncertainty about the future of carbon emission regulations, many producers view natural gas development as a long-term hedge against any prospective legislation, an Ernst & Young LLP executive said last week.

With uncertainty about the future of carbon emission regulations, many producers view natural gas development as a long-term hedge against any prospective legislation, an Ernst & Young LLP executive said Wednesday.

Canadian exports show signs of confirming a bleak outlook for the supply side of the natural gas trade by continuing to shrink, a view of the market that is also supported by the latest International Energy Agency (IEA) annual forecast.

Natural gas producers, especially those active in shale basins, could be in for a rough ride in 2009 and beyond if the current turmoil in the financial markets and the downturn in commodity prices continue unabated, producers told FERC Friday. And while industrial customers see lower gas prices as good news, they say now is not the time to relax.

Natural gas producers, especially those active in shale basins, could be in for a rough ride in 2009 and beyond if the current turmoil in the financial markets and the downturn in commodity prices continue unabated, producers told FERC Friday. And while industrial customers see lower gas prices as good news, they say now is not the time to relax.