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Policy & Regulation

Green light for fracking in North Carolina

North Carolina’s state legislators have approved a bill allowing hydraulic fracturing in the state. The approval overrode a veto of the bill by the state’s governor.

4 July 2012
Companies & Finance

Enbridge cuts profit outlook on NGL bearishness

Energy transport company Enbridge Energy Partners has slashed its expectations for full-year 2012 profits because of lower NGL prices.

4 July 2012
Companies & Finance

Anadarko’s Lucius deal hinges on partners’ purchase rights

United States independent Anadarko agreed to sell a stake in the deepwater Lucius prospect in the Gulf of Mexico on Monday to an undisclosed joint venture partner, but there is still a chance that its existing partners in the field could scuttle the deal in favour of boosting their own stakes.

3 July 2012
Companies & Finance

Anadarko’s Lucius deal hinges on partners’ purchase rights

United States independent Anadarko agreed to sell a stake in the deepwater Lucius prospect in the Gulf of Mexico on Monday to an undisclosed joint venture partner, but there is still a chance that its existing partners in the field could scuttle the deal in favour of boosting their own stakes.

3 July 2012
Global Markets

Peña Nieto to increase private investment in Mexican energy sector

Enrique Peña Nieto of Mexico’s Institutional Revolutionary Party claimed victory in the country’s presidential election on Sunday. “Mexicans have given our party another chance.

2 July 2012
Policy & Regulation

US regulator submits final offshore oil and gas leasing proposal

The United States Bureau of Ocean Energy Management (BOEM) has submitted a final proposal for Outer Continental Shelf oil and gas leasing that would open up nearly 8.5 trillion cubic metres of undiscovered technically recoverable gas resources to exploration and development.

2 July 2012
Supply & Demand

US gas inventories to hit ‘uncharted territory’ – Bentek

United States gas storage will reach record levels at the end of this year’s injection season, despite strong demand from the power sector, according to forecasts from consultancy Bentek Energy.

2 July 2012
Companies & Finance

Petronas advances Canada LNG export plans with $5 bln buy

Malaysia’s Petronas took another step towards Canadian LNG exports on Thursday, with an agreement to buy Progress Energy Resources for C$5.5 billion ($5.32 billion). Petronas also selected a site for a plant on the country’s west coast.

29 June 2012
Companies & Finance

Talisman opts for alternative liquid diet

Canadian independent Talisman has walked away from South African Sasol’s gas-to-liquids (GTL) project in Alberta to save its cash for liquids-rich drilling.

29 June 2012
Pipelines, Storage & Power

Consultancy gauges speed of coal-gas shift

Market conditions and regulatory requirements will force the retirement of almost 80 gigawatts of coal-fired generation capacity in North America by 2033 while 264 GW of gas-fired generation will be added, according to consultancy Wood Mackenzie. Analysts told Interfax a combination of low gas prices, sluggish demand, and environmental regulation w

28 June 2012
Companies & Finance

CEP buys up CBM stake in hope of warmer gas market

Canada Energy Partners (CEP) has seized an opportunity created by low gas prices to buy GeoMet’s 50% stake in the Peace River CBM project in British Columbia.

27 June 2012
Supply & Demand

Yawning range in production forecasts from shale uncertainty

Uncertainty over future shale gas output has produced a wide range of production and price forecasts in the United States Energy Information Administration’s (EIA) latest Short-Term Energy Outlook.

27 June 2012
LNG

Gas takes on coal in the west

Gas is competing with the cheapest coal in the United States for market share in power generation, prompting a price ‘race to the bottom’, according to analysts at a utility conference in New York on Monday.

26 June 2012
Companies & Finance

BP exits mature US assets, approaches sale target

BP said late on Monday that it would sell a package of Wyoming upstream operations to United States-based Linn Energy for just over $1 billion. A BP spokesman told Interfax that the company had decided to sell because of the maturity of the assets, and that BP would remain focused on onshore unconventional opportunities in the US.

26 June 2012
LNG

Japanese ambitions in US not limited to LNG

Japan’s Osaka Gas has taken a small foothold in an emerging Texas liquids play, suggesting Japanese ambitions in North America extendc beyond the securing of future LNG imports.

25 June 2012
Policy & Regulation

Seismic oversight may be costly for producers

Wastewater injection wells – used for decades to dispose of contaminated water from oil and gas drilling – present risks that regulators need to address.

25 June 2012
Companies & Finance

Chesapeake names new board chairman

Chesapeake Energy has appointed former chairman and chief executive of ConocoPhillips Archie Dunham as its new independent, non-executive chairman.

22 June 2012
Supply & Demand

Encana bullish on North America

Canadian independent Encana issued a bullish forecast for North American gas demand and prices at its Investor Day on Thursday, despite boosting capital spending on the same day by $600 million to accelerate its shift to liquids.

22 June 2012
Companies & Finance

Chevron to buy 50% stake in Kosmos blocks

Chevron will buy a 50% stake in two offshore blocks near Suriname from Bermuda-based Kosmos Energy, the San Francisco Business Times Online reported on Wednesday.

21 June 2012
Supply & Demand

Statoil aims to boost production in North America

Statoil aims to increase its North American oil and gas production three-fold by the end of 2020, the Norwegian company said on Wednesday.

21 June 2012

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