Waters

While the waters are calm now, some North American natural gas pipelines could face rough sailing as transportation capacity pricing power is eroded by new development and long-term contracts roll off, according to an analysis by Moody’s Investors Service.

About 30% of the world’s undiscovered natural gas could be trapped beneath the land and waters of the Arctic north, according to a new assessment by geologists at the U.S. Geological Survey (USGS). Additionally, 13% of the world’s undiscovered oil could lie in the region.

About 30% of the world’s undiscovered natural gas could be trapped beneath the land and waters of the Arctic north, according to a new assessment by geologists at the U.S. Geological Survey (USGS). Additionally, 13% of the world’s undiscovered oil could lie in the region.

FERC Chairman Jon Wellinghoff attempted to smooth the waters surrounding his recent prediction of an upgraded electric grid, bolstered by fully integrated renewables but with few, if any, new coal or nuclear generators, in Washington, DC, last week.

Six House Democrats have introduced legislation that would bar drilling for oil and natural gas in federal waters off the Mid-Atlantic and North Atlantic coastlines.

Shell Oil Co. said last week its new Perdido Development in the Gulf of Mexico (GOM), which is in the deepest waters of any such facility in the world, will help answer new calls for natural gas and oil supply that are expected to come once the global economy turns around.

Shell Oil Co. said Monday its new Perdido Development in the Gulf of Mexico (GOM), which is in the deepest waters of any such facility in the world, will help answer new calls for natural gas and oil supply that are expected to come once the global economy turns around.

Colombia’s Ecopetrol and Norway’s StatoilHydro ASA agreed to jointly drill three exploratory wells over the next two years in the deep waters of the U.S. Gulf of Mexico (GOM).

Houston-based Falcon Gas Storage Co. is the only bidder seeking to lease three depleted gas reservoirs in Alabama waters north of Dauphin Island. Bids were opened Dec. 19, about two years after Falcon first started talking to the state about leasing the reservoirs for its MoBay Storage Hub project.