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
Petrobras Said to Buy Cheniere’s First U.S. Shale Gas Export
Petroleo Brasileiro SA, Brazil’s state-owned energy company, is scheduled to receive the first cargo of shale gas to be shipped from the U.S., according to a person familiar with the Continue Reading
America’s Chance to Help Break Russia’s Energy Dominance
Earlier this month, the U.S. Senate began considering a bill that, if passed, would certify the central role of liquefied natural gas in American foreign policy and help many European Continue Reading
California methane leak ‘permanently sealed’
A leaking gas well near the US city of Los Angeles which has been polluting the air for four months has been “permanently sealed,” officials say. The Southern California Gas Continue Reading
Chesapeake Energy woes cast shadow on U.S. pipeline companies
U.S. oil and gas pipeline companies including Williams Companies Inc and Kinder Morgan Inc have contracts worth billions of dollars that might be at risk as Chesapeake Energy Corp aims Continue Reading
Total Starts North Sea Gas Project Despite Low Oil Prices
One of the last big North Sea projects sanctioned under high oil prices has begun pumping natural gas, highlighting an unexpected boom in U.K. energy production that analysts say is Continue Reading
Porter Ranch gas leak begins taking big toll on small business
On a recent afternoon at King TaeKwonDo , in one of the many shopping centers dotting this sprawling suburb north of Los Angeles, only seven young children were attending the Continue Reading
Global gas market braced for price war
Could Gazprom be about to start a price war in the global gas market? With the prospect of a wave of US liquefied natural gas (LNG) supplies starting to hit Continue Reading
Collapse Of Shale Gas Production Has Begun
All opinions expressed in this post are his and do not necessarily reflect those of Ron Patterson. The U.S. Empire is in serious trouble as the collapse of its domestic Continue Reading
U.S. Objects to Swift Energy’s Plan to Sell Most Louisiana Assets
The U.S. government has objected to Swift Energy’s Co.’s (SFY) proposed sale of most of its oil and gas assets in Louisiana, saying the company can’t transfer rights to drill Continue Reading
Natural gas likely overtook coal as top U.S. power source in 2015
Last year looks like it was an unwelcome watershed for the embattled U.S. coal industry. Power companies in 2015 for the first time may have burned more natural gas than Continue Reading
Chevron readies first LNG cargo from Australian mega project
Chevron Corp said on Friday it is on track to export the first cargo of liquefied natural gas (LNG) from its Australian Gorgon project – the world’s most expensive – Continue Reading
Feds wade into California gas leak response
The U.S. government said it was providing technical support to California utility regulators working to stem a leak from a natural gas storage facility. California Gov. Jerry Brown this week Continue Reading
No Short-Term Fix for California Methane Leak
To the dismay of thousands of residents of Porter Ranch, Calif., whose lives have been upended by a huge natural-gas leak from a nearby well, the local utility says it Continue Reading
NYMEX February gas futures fall 5.8 cents on weather, demand forecasts
The NYMEX February natural gas futures contract settled at $2.267/MMBtu Wednesday, down 5.8 cents, as traders showed apprehension toward weather forecasts and storage withdrawal predictions. WSI in its six- to Continue Reading
California governor declares gas leak a state of emergency
California Gov. Jerry Brown declared a state of emergency Wednesday over a massive natural-gas leak that has been spewing fumes into a Los Angeles neighborhood for months. In a statement, Continue Reading
Oklahoma proposes oil restrictions after quakes
A state regulator in Oklahoma said it was proposing new plans for how oil and gas operators work in shale basins given the recent occurrence of earthquakes. The U.S. Geological Continue Reading
Oklahoma Oil Firm Resists Call to Shut Down Wells Amid Earthquake Concerns
A financially strapped Oklahoma oil company is defying the state regulator’s request that it shut down six wells used to dispose of wastewater, despite fears they may be contributing to Continue Reading
Cheniere Starts Producing at Shale Gas Export Terminal, ING Says
Cheniere Energy Inc. began production at what will become the first terminal to export natural gas from America’s shale formations, according to ING Capital LLC, which helped finance the project. Continue Reading
Cold snap cuts U.S. natgas ‘widow-maker’ April-March premium
A cold snap across the United States has natural gas traders hoping that stronger heating fuel demand may help deplete massive gas stockpiles by next spring, a view that has Continue Reading
No Pressure Release for Natural Gas
Baker Hughes is scheduled to report its drilling-rig count Thursday. The market needed another hole in the ground like it needed a hole in the head. When Baker Hughes Inc. Continue Reading
Chesapeake Leads S&P 500’s Losers Amid Historic Gas Slump
Chesapeake Energy Corp. is having its worst year since 1998 after halting dividend payouts, slashing drilling budgets and cutting one of every six employees failed to rescue the energy explorer Continue Reading
Natural Gas Rises on Larger-Than-Expected Inventory Withdrawal in U.S.
Natural-gas prices rallied Thursday, ending a shortened week with the biggest gain in nearly two years, as traders were buoyed by colder weather forecasts and a larger-than-expected inventory withdrawal in Continue Reading
America’s Top Shale Gas Basin in Decline
The natural gas drilling frenzy is grinding to a halt, as the industry struggles with excess supply. Natural gas prices have plunged to their lowest levels in more than a Continue Reading
American LNG Exporters Turn to Europe as Asian Demand Sputters
For years, U.S. gas companies looking to export liquefied natural gas dreamed of a booming Asia. Now, with demand there falling and the first shipment weeks away, Europe has emerged Continue Reading
Gas Leak Fuels Frustration
County officials have declared a state of emergency in the Porter Ranch neighborhood here, where more than 1,600 residents have been displaced by a massive natural-gas leak now entering its Continue Reading
Barnett shale gas estimate doubles
The U.S. Geological Survey said its review of the Barnett shale basin in north-central Texas led it to double the estimated reserve potential. “We decided to reassess the Barnett Shale Continue Reading
Analysts See 41 Billion-Cubic Feet Fall in U.S. Natural-Gas Inventories
Analysts expect government data scheduled for release Thursday to show natural-gas inventories last week fell far less than the average amount for this time of year. The U.S. Energy Information Continue Reading
Emergency declaration for gas leak in Los Angeles County
Los Angeles County officials have declared a state of emergency over a leaking natural gas well above a neighborhood that has forced a utility company to relocate thousands of residents Continue Reading
Chesapeake Energy Works on a Recovery Plan With Evercore’s Advisers
The Chesapeake Energy campus in Oklahoma City. The company is trying to rework its debt…. The Evercore bankers are advising the natural-gas producer on potential measures to reduce its $11.6 Continue Reading
Cubic Energy Files for Chapter 11 Bankruptcy
Cubic Energy Inc., CBNR 0.00 % the latest Texas oil company brought down by falling oil prices, filed for bankruptcy protection after reaching a deal with its lenders to hand Continue Reading
New Study Finds Oil and Gas Methane Emissions in the Barnett Shale Twice Official Estimates
A new scientific study published recently in the Proceedings of the National Academy of Sciences , coordinated by EDF, reports findings from the most comprehensive examination of regional methane emissions Continue Reading
Analysts See 63 Billion-Cubic Feet Fall in Natural-Gas Inventories
Analysts expect government data scheduled for release Thursday to show natural-gas inventories last week fell less than the average amount for this time of year. The U.S. Energy Information Administration Continue Reading
EIA Sees 2015 US Natgas Production, Consumption At Record Highs
The US EIA said domestic natural gas production in 2015 was expected to reach 79.58 billion cubic feet per day, just off the 79.61 bcfd it forecast last month. Dec Continue Reading
US gas prices nosedive on warmer weather
January is usually among the most expensive months to buy US natural gas. But next month is shaping up to be the cheapest thanks to unseasonal warm weather. Wholesale gas Continue Reading
Gas Producers Contemplate OPEC-Style Group
Some of the world’s biggest natural-gas producers are trying to seize on changes in how the fuel is bought and sold to create an OPEC-style group to influence prices. Leaders Continue Reading
The Invisible Spill Spewing the Gases of a Half-Million Cars
Call it the invisible spill. You can’t see it, but it’s there — a steady stream of natural gas seeping out of a leaking well in Southern California that may Continue Reading
US natural gas storage remains above 5-year historic range
Working gas in underground storage across the US Lower 48 was estimated at 3.9 tcf as of Nov. 27, which represented a net decline of 53 bcf from the previous Continue Reading
Russia Tries Soft Touch With EU as Market Blunts Gas Weapon
Vladimir Putin may be throwing his military power around like never before, but the Kremlin is finding another weapon in its arsenal — massive gas exports — is losing its Continue Reading
America’s biggest gas field finally succumbs to downturn
Preliminary figures provided by DrillingInfo, which monitors rig activity, showed drilling permits issued for the 90,000-square mile (233,100 sq km) reservoir beneath Pennsylvania, Ohio, and West Virginia, slumped to 68 Continue Reading
Natgas overtakes coal as top U.S. power source in September
The price in relation to gallons of gas is displayed on a pump at a natural gas station in San Diego, California November 3, 2015. Natural gas surpassed coal in Continue Reading