North American gas producers drowning in oversupply and low prices will be waiting a while before any liquefied natural gas (LNG) export tankers come to their rescue. And even then, whatever modest price support materializes could be overwhelmed by yet more supply growth, some energy analysts are saying.
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Range Lawsuit Status Uncertain as Cecil Township Amends Ordinances
Elected officials in Cecil Township, PA, voted unanimously on Monday to adopt changes to two of its ordinances governing Marcellus Shale development but are still waiting to hear if Range Resources Corp. will drop a lawsuit it filed against them in October over the changes.
Williams to ‘Aggressively’ Pursue Gas Infrastructure Properties
Williams may have come up short in its bid to acquire Southern Union Co., but that doesn’t mean there aren’t other deals waiting to be made, CEO Alan Armstrong said last week.
Williams to ‘Aggressively’ Pursue Gas Infrastructure Properties
Williams may have come up short in its bid to acquire Southern Union Co., but that doesn’t mean there aren’t other deals waiting to be made, CEO Alan Armstrong said Wednesday.
Norse Selling Assets, But Still Wants to Do Business in New York
Although Norse Energy Corp. ASA has put most of its leasehold in New York up for sale, the company said it hopes to continue doing business in the state — especially through a joint venture (JV) — and is currently in negotiations with several interested parties over its assets.
Laser Expanding Marcellus Gathering System
Laser Northeast Gathering Company LLC broke ground on the New York portion of its proposed gathering system Wednesday and also announced a $60 million expansion of the Marcellus Shale midstream project.
Gas Drilling Rules to be Unveiled for Delaware Watershed
Marcellus Shale operators — and drilling opponents — waiting for the Delaware River Basin Commission (DRBC) to issue proposed natural gas development rules should get their wish Thursday morning, officials said.
BP CEO: ‘Belt and Braces’ Approach to GOM Spill
With its “top hat” oil collection chamber waiting on the sea floor as a standby measure, BP plc on Friday was about to attempt a more promising tactic to siphon some of the oil leaking from its ruptured well 5,000 feet below the surface of the Gulf of Mexico (GOM).
BP Trying ‘Insertion Tool’ on GOM Well as ‘Top Hat’ Waits
With its “top hat” oil collection chamber waiting on the sea floor as a standby measure, BP plc on Friday was about to attempt a more promising tactic to siphon some of the oil leaking from its ruptured well 5,000 feet below the surface of the Gulf of Mexico (GOM).
EIA Downward Production Revisions ‘Smaller’ Than Expected
After anxiously waiting to see just how large the Energy Information Administration’s (EIA) downward production revisions for all of 2009 and January 2010 would be, the natural gas industry discovered last Thursday morning that while the previous estimates did overstate U.S. production, revision expectations turned out to be larger than reality.