Natural-Gas Storage Crunch: Look Out Below
Although it isn’t a liquid, “drop in the bucket” is an apt description of energy traders’ reaction to a mildly encouraging bit of news about natural gas. Underground storage of Continue Reading
McClendon’s Death Casts Cloud Over Probe
The U.S. Justice Department moved to dismiss an indictment against Aubrey McClendon a day after the shale-drilling pioneer died in a fiery car crash , casting uncertainty over a broader Continue Reading
Ex-Chesapeake CEO Aubrey McClendon Dead After Car Accident, Police Say
Aubrey McClendon was killed in a car crash in Oklahoma City Wednesday, police said. His death comes a day after he was charged with rigging bids for oil and natural Continue Reading
As U.S. shale exports begin, Australia readies world’s costliest gas project
The timing couldn’t be worse for the first production of natural gas from Australia’s $54 billion Gorgon project – the world’s most expensive. Prices for liquefied natural gas (LNG) have Continue Reading
Potential for Texas LNG export facility building
Australian gas leader Woodside said it was wading into the growing liquefied natural gas sector in the United States with an agreement to tap Texas port developments. Woodside announced it Continue Reading
U.S. LNG Exports Make Waves Abroad, Not at Home
The first seaborne export of natural gas this week from the continental U.S. is a game changer. Coming just two months after another major milestone —the lifting of a decadeslong Continue Reading
With U.S. Gas, Europe Seeks Escape From Russia’s Energy Grip
On the deck of this floating gas terminal, Mantas Bartuska awaits a tanker to pass a narrow inlet on the Baltic Sea with the first natural gas shipments from the Continue Reading
Chesapeake to slash capital spending to conserve cash
Chesapeake Energy, the second-largest gas producer in the US, on Wednesday, announced a cut of up to 69 percent in its capital spending for this year, as it seeks to Continue Reading
Chesapeake Energy Posts Deep Loss on Big Write-Down
Chesapeake Energy Corp. lost more than $14 billion in 2015, as it wrote down the value of its oil and gas fields amid a protracted downturn in energy prices that Continue Reading
Chesapeake Energy to focus on divestments
U.S. natural gas company Chesapeake Energy said it would focus on divestments as it trims its spending forecast for 2016 by more than 50 percent. Chesapeake in early February said Continue Reading